Qorvo® Announces Fiscal 2025 Second Quarter Financial Results
Qorvo, Inc. (QRVO)
Last qorvo, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
ir.qorvo.com/investor-relations
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Source: GlobeNewswire
GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2025 second quarter ended September 28, 2024. On a GAAP basis, revenue for Qorvo’s fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted earnings per share was $1.88. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “In the September quarter, ACG successfully supported our largest customer’s seasonal smartphone ramp. In HPA, we expanded our D&A business while building a broad-based business in power management. In CSG, we maintained our leadership in Wi-Fi applications while investing to grow in diverse businesses including automotive solutions and SoCs for ultra-wideband and Matter. HPA and CS
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- Qorvo, Inc. (NASDAQ: QRVO) is now covered by analysts at Loop Capital. They set a "hold" rating and a $73.00 price target on the stock.MarketBeat
QRVO
Earnings
- 10/29/24 - Beat
QRVO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/13/24 - Form 4
- QRVO's page on the SEC website