Reflecting On Processors and Graphics Chips Stocks' Q2 Earnings: Qorvo (NASDAQ:QRVO) [Yahoo! Finance]
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: Yahoo! Finance
The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The 9 processors and graphics chips stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 0.9% while next quarter's revenue guidance was 12.9% below. Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps (half a percent) in September 2024. Given recent employment data that suggests the US economy could be wobbling,
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QRVO
News
- Qorvo, Inc. (NASDAQ: QRVO) was upgraded by analysts at TD Cowen to a "hold" rating.MarketBeat
- Why Qorvo (QRVO) Shares Are Sliding Today [Yahoo! Finance]Yahoo! Finance
- 2 Radio Frequency Stocks to Watch in a Prospering Industry [Yahoo! Finance]Yahoo! Finance
- Qorvo, Inc. (QRVO) Goldman Sachs Communacopia + Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
- Qorvo (QRVO) Down 6.3% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
QRVO
Earnings
- 7/30/24 - Beat
QRVO
Sec Filings
- 9/9/24 - Form 4
- 9/6/24 - Form 144
- 9/4/24 - Form 4
- QRVO's page on the SEC website