Qorvo Inc Stock Price, News & Analysis

Qorvo (Nasdaq: QRVO) announced that its executives will present at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 8:45 a.m. ET. A live webcast of the event will be accessible on the company’s website under the 'Investors' section.

Qorvo specializes in RF solutions, playing a pivotal role in connectivity across various industries, including wireless devices and defense communications. The company is committed to advancing technologies like 5G and IoT.

Qorvo (Nasdaq: QRVO) announced the immediate election of Judy Bruner to its Board of Directors, as well as her membership in the Audit and Governance and Nominating Committees. Bruner brings extensive experience in financial management from previous roles at SanDisk and Palm, Inc. She currently serves on the boards of several technology firms. CEO Bob Bruggeworth expressed enthusiasm for her insights and contributions, highlighting her semiconductor industry expertise. Bruner emphasized her commitment to Qorvo's growth strategy and shareholder value.

Qorvo (Nasdaq: QRVO) has acquired NextInput, a force-sensing solutions provider based in California. This acquisition, announced on May 6, 2021, enhances Qorvo's technology portfolio and accelerates its entry into the HMI market with MEMS-based sensors. NextInput has already shipped millions of sensors across various industries, including smartphones and automotive. The deal aims to strengthen Qorvo's Mobile Products sector, providing innovative sensing solutions and opening new market opportunities.

Qorvo (Nasdaq: QRVO) reported its fiscal 2021 Q4 results, revealing $1.073 billion in revenue and a gross margin of 49.3%. Non-GAAP metrics showed a gross margin of 52.6% and diluted EPS of $2.74. The company experienced strong demand in 5G handsets and Wi-Fi 6, prompting positive projections for the upcoming fiscal year with expected revenue of $1.065 billion to $1.095 billion. Qorvo also announced the acquisition of NextInput to enhance its MEMS-based solutions portfolio and received FDA EUA for its Omnia™ COVID-19 test.

Qorvo (Nasdaq: QRVO) will host a conference call on May 5, 2021, at 5:00 p.m. ET, to discuss its fiscal 2021 fourth quarter financial results. The webcast will be available on their website. Results will be released at 4:00 p.m. ET the same day. A telephone playback will be accessible after the call at 719-457-0820 with passcode 6818780 until May 12, 2021. Qorvo is known for its innovative RF solutions in various sectors, including 5G networks and cloud computing.

Qorvo (Nasdaq: QRVO) has been awarded a $24.4 million contract from the National Institutes of Health (NIH) to accelerate the production and market launch of its Qorvo Omnia™ diagnostic test platform. This platform leverages innovative radio frequency technology to achieve rapid COVID-19 antigen testing with near-PCR-level accuracy. Recently, the test received emergency use authorization (EUA) from the U.S. FDA. The NIH's Rapid Acceleration of Diagnostics (RADx) initiative supports the advancement of this testing technology in the ongoing public health response.

Qorvo (Nasdaq: QRVO) announced that the FDA granted emergency use authorization (EUA) for its Omnia™ SARS-CoV-2 Antigen Test, designed for the qualitative detection of COVID-19 antigens. This platform utilizes advanced Bulk Acoustic Wave (BAW) sensor technology, achieving results in approximately 20 minutes with 100% specificity in clinical trials. The test aims to support rapid and reliable diagnostic testing amidst the ongoing pandemic. The EUA is valid under specific conditions and does not imply FDA approval.

Qorvo (Nasdaq: QRVO) announced increased shipments of its RF Fusion20™ portfolio, enhancing 5G smartphone performance and integration. These advanced RF front-end modules support major 5G bands and chipsets, featuring innovations that improve performance while saving board space. The modules promise faster 5G handset development and cover stringent bandwidth requirements of up to 200 MHz. Building on the success of the RF Fusion™ portfolio, Qorvo aims to meet growing demands from flagship and mass-tier smartphone manufacturers.

Qorvo (Nasdaq: QRVO) has launched the QPG6100 smart home communications controller featuring ConcurrentConnect™ technology, enabling simultaneous connectivity for various low-power wireless protocols. This innovation aims to enhance communication speed and network capacity in smart homes, facilitating the integration of devices like lighting and sensors. According to IDC, global sales of smart home devices are projected to reach 1.4 billion units by 2024, with a CAGR of 14%. The QPG6100 is available for sampling today.