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Stock impact report

Unpacking Q3 Earnings: Qorvo (NASDAQ:QRVO) In The Context Of Other Processors and Graphics Chips Stocks [Yahoo! Finance]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research 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 8 processors and graphics chips stocks we track reported a mixed Q3. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was 5% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.9% since the latest earnings results. Formed by the merger of TriQuint and RF Micro Devices, Qorvo (NASDAQ: QRVO) is a designer and manufacturer of RF chips used in almost all smartphones globally, along with a variety of chips used in networking equipment and inf Show less Read more
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