Qorvo Inc Stock Price, News & Analysis

Qorvo (Nasdaq:QRVO) reported fiscal 2023 Q1 results with revenue of $1.035 billion, a 36.2% gross margin, and EPS of $0.65 on a GAAP basis. Non-GAAP gross margin was 50.0%, with an EPS of $2.25. Despite macroeconomic challenges, the company is expanding in high-growth markets like IoT and defense. Looking ahead, Qorvo expects Q2 revenue between $1.12 billion and $1.15 billion, with a gross margin of 49%-50% and EPS of $2.45-$2.65.

Qorvo (Nasdaq: QRVO) has successfully completed MFi certification for its Ultra-Wideband (UWB) solutions, ensuring interoperability with Apple's U1 chip in supported iPhone and Apple Watch models. This certification empowers developers to create innovative UWB-enabled accessories that utilize precise location capabilities. The announcement highlights new features in iOS 16, facilitating real-time app interactions without direct engagement. Qorvo's product portfolio includes the DW3110 transceiver, fostering the development of UWB products and aligning with industry standards.

Qorvo (Nasdaq: QRVO) will host a conference call on August 3, 2022, at 5:00 p.m. ET to discuss its fiscal 2023 first quarter financial results. The call will be broadcast live on its website, with results available beforehand at approximately 4:00 p.m. ET the same day. A playback of the conference call will be available within two hours of its conclusion until August 10, 2022. Qorvo specializes in RF solutions for wireless devices and networks, aiming to advance technologies like 5G and IoT.

MaxLinear (MXL) and Qorvo (QRVO) have unveiled a joint solution targeting size, weight, and power issues in massive MIMO radios. This innovative approach combines Qorvo's GaN amplifiers and MaxLinear's MaxLIN technology, achieving a power efficiency of 55.14% with reduced power consumption. The companies emphasize this solution's potential to streamline the design and deployment of energy-efficient radio systems. The market for massive MIMO is projected to grow significantly, from $1.09 billion in 2019 to $15.79 billion by 2027, driven by increased demand for robust wireless infrastructure.

Qorvo (Nasdaq: QRVO) has been selected by the U.S. Department of Defense (DoD) for the STARRY NITE program, aimed at advancing domestic Radio Frequency Gallium Nitride (GaN) manufacturing capabilities. This initiative will focus on producing 90nm GaN foundry processes to support military and commercial wireless systems. The program will enhance Qorvo's manufacturing maturity and advanced integration features, aligning with the DoD’s microelectronics roadmap. According to Philip Chesley, Qorvo aims to provide reliable and compact RF solutions for future defense applications.

Qorvo (Nasdaq: QRVO) has unveiled the QPA1724, a 20W GaN-on-SiC power amplifier optimized for defense and commercial satellite applications, particularly for low earth orbit constellations. Operating in the 17.3 to 21.2 GHz range, this amplifier delivers double the power of competitors, boasting features such as a small signal gain of 25 dB and a power-added efficiency of 27%. The QPA1724 is RoHS compliant and fully tested for electrical specifications, reinforcing Qorvo's position in the RF solutions market.

Qorvo (Nasdaq: QRVO) has announced that its executives will present at the J.P. Morgan 50th Annual Global Technology, Media & Communications Conference on May 23, 2022, at 1:50 p.m. Eastern Time. A live webcast of the event will be available on the company’s website under the 'Investors' section. Qorvo is known for providing innovative RF solutions that enable connectivity in various sectors, including advanced wireless devices and 5G networks. The company emphasizes its commitment to solving complex technical challenges through technology leadership.

Qorvo reported strong financial results for Q4 FY2022, with GAAP revenue of $1.166 billion, a gross margin of 48.9%, and diluted EPS of $1.95. Non-GAAP figures showed a gross margin of 52.0% and diluted EPS of $3.12. The company achieved 16% annual revenue growth, attributed to strategic wins in EV charging solutions, 5G smartphones, and a variety of RF solutions. Despite challenges from COVID lockdowns and geopolitical tensions, Qorvo remains optimistic, projecting quarterly revenue between $1.0 billion to $1.05 billion for June 2022.

Qorvo (Nasdaq: QRVO) will hold a conference call on May 4, 2022, at 5:00 p.m. (ET) to discuss its fiscal 2022 fourth quarter financial results. Results will be released at approximately 4:00 p.m. (ET) the same day. The call can be accessed via the company's website and will be available for playback afterward. Qorvo specializes in RF solutions for various markets including 5G, IoT, and advanced wireless devices. The company emphasizes innovation and design wins to drive growth, despite risks from dependencies on large customers and market fluctuations.