Qorvo Inc Stock Price, News & Analysis

Qorvo (Nasdaq: QRVO) will hold a conference call on May 3, 2023, at 5:00 p.m. (ET) to discuss its fourth-quarter fiscal 2023 financial results. The call will be available via webcast on the Company's Investor Relations website and will include a playback accessible by phone shortly after the call's conclusion. Qorvo will release its financial results at approximately 4:00 p.m. (ET) on the same day. As a key player in semiconductor solutions, Qorvo targets high-growth markets, including consumer electronics, smart home technology, and automotive sectors. The company addresses complex technical challenges through innovative products and technology. However, investors should note that the conference call may discuss forward-looking statements that could differ from actual results due to various risks and uncertainties, including market volatility and customer demand fluctuations.

Qorvo (Nasdaq: QRVO) has expanded its power management portfolio with the introduction of the PAC22140 and PAC25140 Power Application Controllers. These devices are designed as single-chip solutions that support battery packs with up to 20 cells in series, ideal for industrial and e-mobility applications. The PACs save designers over 50% in PCB space and decrease the total bill of materials cost by 30%. Additionally, they feature various integrated peripherals and support for high cell counts to meet increasing demands for battery performance. The PAC22140 is available now, while the PAC25140 will begin production in April 2023.

Qorvo (Nasdaq: QRVO), a leader in connectivity and power solutions, will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 10:25 a.m. ET. The event will be accessible via a live webcast on Qorvo's website. The company specializes in innovative semiconductor solutions serving various sectors, including consumer electronics, smart home, automotive, healthcare, and aerospace. With a strong focus on product leadership and customer challenges, Qorvo is positioned to make impactful advancements in technology and sustainability.

Qorvo (Nasdaq: QRVO) announced a new three-stage power solution for phased array radar applications on Feb. 2, 2023. This innovative chipset enhances system performance through configurable GaN bias point autocalibration and reduces capacitance by up to 90%, leading to a 30% decrease in system volume and lower operating costs. The solution includes three components: the ACT43950 capacitor charge controller, the ACT43850 RF Point-of-Load power converter, and the ACT43750 drain switch regulator. An evaluation board is available for performance testing, facilitating faster market entry for customers.

Qorvo (Nasdaq: QRVO) reported its fiscal 2023 third-quarter results with revenue of $743 million, a 36.1% gross margin, and an operating income of $9 million. The loss per share stood at $0.16 on a GAAP basis. Non-GAAP metrics showed a 40.9% gross margin, $99 million operating income, and $0.75 diluted EPS. CEO Bob Bruggeworth noted ongoing improvements despite challenges and highlighted strategic growth in product offerings. The company expects March quarter revenue between $600 million and $640 million, with a projected non-GAAP gross margin of 41% and diluted EPS between $0.10 and $0.15.

Qorvo (Nasdaq: QRVO) will host a conference call on February 1, 2023, at 5:00 p.m. ET to discuss its fiscal 2023 third quarter financial results. The financial results will be released at approximately 4:00 p.m. ET on the same day. Investors can access the live call via the Company's Investor Relations website. A playback of the call will be available within two hours after its conclusion, through February 8, 2023. Qorvo specializes in innovative semiconductor solutions across various sectors including consumer electronics, IoT, and automotive.

Qorvo (Nasdaq: QRVO) received the 2022 Golden Supplier Award from HONOR for excellence in performance and collaboration. The award was presented to Qorvo's CEO Bob Bruggeworth on December 8, 2022, at the company's San Jose office. HONOR recognized Qorvo's support as a strategic supplier since its establishment in 2020, particularly in powering multiple 5G smartphones in 2022. HONOR's CPO indicated optimism for future collaboration as 5G technology expands. Bruggeworth expressed gratitude for the recognition, emphasizing Qorvo's commitment to exceeding HONOR's expectations with top-tier products and support.

Qorvo (Nasdaq: QRVO) has been awarded the 2022 title of Most Respected Public Semiconductor Company by the Global Semiconductor Alliance (GSA). This honor reflects Qorvo's excellence in innovation and customer commitment, with notable contributions in connectivity and power solutions over 30 years. Jodi Shelton, GSA president, praised Qorvo's advancements and growth potential, highlighting the company's recent acquisitions aimed at driving further innovation. The GSA represents about 70% of the $550 billion semiconductor industry, showcasing Qorvo's industry standing.

Qorvo (Nasdaq: QRVO) has secured multiple design wins with MediaTek, enhancing its leadership in 5G smartphones and mobile Wi-Fi technologies.

The collaborations include design integrations for Wi-Fi 6, 6E, and 7 in devices like smartphones and routers, alongside automotive solutions that enable 5G connectivity in upcoming vehicles. These innovations aim to improve safety and entertainment features in cars and enhance mobile connectivity performance.