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Qorvo, Inc. - $QRVO STOCK NEWS

Welcome to our dedicated page for Qorvo news (Ticker: $QRVO), a resource for investors and traders seeking the latest updates and insights on Qorvo stock.

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Rhea-AI Summary

Qorvo announced its fiscal 2024 fourth-quarter financial results, showcasing a 49% year-over-year revenue growth and exceeding revenue guidance by $16 million. The company acquired Anokiwave and saw significant content gains with key mobile customers. Qorvo expects modest revenue growth and margin improvement for full-year fiscal 2025.

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-14.5%
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Rhea-AI Summary
Qorvo® (Nasdaq: QRVO) has announced that it will hold an Investor Day on June 11, 2024, in New York City. The event will provide a platform for institutional investors and analysts to engage with the company's leadership team. Interested parties can access a live webcast and presentation materials on the company's investor relations website. Registration details for attending the event in person or via email have also been provided.
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3.86%
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Rhea-AI Summary
Qorvo® (QRVO) will host a conference call to discuss fiscal 2024 fourth quarter financial results on May 1, 2024. The call will be webcast live on the Company's Investor Relations website. A telephone playback will also be available. Qorvo will release the financial results at 4:00 p.m. (ET) on the same day.
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-1.08%
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conferences earnings
News
Rhea-AI Summary
Qorvo, a leading provider of connectivity and power solutions, has announced the acquisition of Anokiwave, a supplier of high-performance silicon integrated circuits for intelligent active array antennas for D&A, SATCOM, and 5G applications. The acquisition is expected to close in the March quarter, with Anokiwave joining Qorvo’s High Performance Analog (HPA) segment to continue developing beamformers and IF-RF solutions for defense phased array, AESA radar, electronic warfare, satellite communications, and 5G applications.
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6.03%
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Rhea-AI Summary
Qorvo (QRVO) announced its fiscal 2024 third-quarter financial results, showing a 44% year-over-year revenue growth and the acquisition of Anokiwave. On a GAAP basis, revenue was $1.074 billion, with a gross margin of 36.1%. On a non-GAAP basis, gross margin was 43.8%, operating income was $237 million, and diluted earnings per share was $2.10. The company's outlook for the March 2024 quarter includes a revenue estimate of approximately $925 million.
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Rhea-AI Sentiment
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6.03%
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Rhea-AI Summary
Qorvo (QRVO) will host a conference call to review fiscal 2024 third quarter financial results on January 31, 2024. The call will be webcast live on the Company's Investor Relations website and a telephone playback will be available. Qorvo will distribute fiscal 2024 third quarter financial results on the same day.
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-1.5%
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conferences earnings
Rhea-AI Summary
Qorvo (Nasdaq: QRVO) has reached a definitive agreement with Luxshare Precision Industry Co., Ltd. to sell its assembly and test facilities in Beijing and Dezhou, China. The transaction is expected to be completed by the first half of calendar 2024, subject to regulatory approvals and other closing conditions. Luxshare will acquire the facilities' operations, assets, and workforce, while Qorvo will maintain its sales, engineering, and customer support employees in China. Luxshare will also assemble and test products for Qorvo under a long-term supply agreement.
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-0.38%
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partnership
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Qorvo (QRVO) executives to present at UBS Global Technology Conference on November 29, 2023
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0.24%
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Qorvo reported strong financial results for its fiscal 2024 second quarter, with a 70% sequential revenue growth and exceeding revenue guidance by $103 million. The company achieved sequential growth in all operating segments and secured design wins in all end markets. On a GAAP basis, revenue was $1.103 billion, gross margin was 44.4%, operating income was $151 million, and diluted earnings per share was $0.99. On a non-GAAP basis, gross margin was 47.6%, operating income was $279 million, and diluted earnings per share was $2.39.
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-2.66%
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Rhea-AI Summary
Qorvo to host conference call to review fiscal 2024 second quarter financial results
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-1.14%
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conferences earnings
Qorvo, Inc.

Nasdaq:QRVO

QRVO Rankings

QRVO Stock Data

9.34B
95.72M
0.53%
90.64%
2.38%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
GREENSBORO

About QRVO

qorvo (nasdaq:qrvo) makes a better world possible by providing innovative rf solutions at the center of connectivity. we combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers'​ most complex technical challenges. qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. we also leverage our unique competitive strengths to advance 5g networks, cloud computing, the internet of things, and other emerging applications that expand the global framework interconnecting people, places and things. visit www.qorvo.com to learn how qorvo connects the world.