Qorvo Inc Stock Price, News & Analysis

On November 3, 2021, Qorvo (Nasdaq:QRVO) reported its fiscal 2022 Q2 results, achieving a revenue of $1.255 billion, up from $1.110 billion in the previous quarter. The gross margin was 49.5%, with diluted EPS at $2.84 on a GAAP basis. Non-GAAP metrics showed gross margin at 52.4% and diluted EPS of $3.42. Despite a strong performance, the company anticipates a sequential revenue decrease in Q3 due to global smartphone demand challenges. Full fiscal year 2022 growth is projected at 15% with a gross margin exceeding 52%.

Qorvo (Nasdaq: QRVO) will hold a conference call to discuss its fiscal 2022 second quarter financial results on November 3, 2021, at 5:00 p.m. ET. The results will be released at approximately 4:00 p.m. ET the same day. Participants can access the live webcast on Qorvo's website or listen to a playback through a provided phone number. The company emphasizes its focus on innovative RF solutions across various high-growth market segments, including advanced wireless devices and 5G networks, while highlighting the risks associated with market dependence and external economic factors.

Qorvo (Nasdaq: QRVO) announced its participation in the Citi 2021 Global Technology Virtual Conference on September 13, 2021, at 9:40 a.m. ET. The event will feature executive presentations focused on Qorvo's innovative RF solutions that enhance connectivity worldwide. Interested parties can access the live webcast on the Qorvo website under the 'Investors' section. The company is recognized for its leadership in advanced wireless technology, contributing to sectors such as 5G, cloud computing, and the Internet of Things.

Qorvo (Nasdaq:QRVO) reported fiscal Q2 2022 results ending July 3, 2021, with revenue of $1.110 billion and a gross margin of 49.2%. Operating income was $297 million and diluted EPS reached $2.51 on a GAAP basis. Non-GAAP figures showed a gross margin of 52.5%, operating income of $367 million, and diluted EPS of $2.83. Outlook for Q3 projects revenue between $1.235 billion and $1.265 billion, with a non-GAAP gross margin above 52%.

Qorvo (QRVO) announced a significant milestone for its Omnia SARS-CoV-2 Antigen Test through independent studies by the NIH RADx initiative. The studies achieved 100% sensitivity/specificity in adults and 83% sensitivity with 100% specificity for pediatric samples. Results were available within 20 minutes, leveraging high-frequency BAW sensors for rapid testing. The test received Emergency Use Authorization from the FDA in April 2021, aimed at detecting SARS-CoV-2 in nasal swabs. This advancement reflects Qorvo's commitment to improving diagnostic capabilities.

Qorvo (Nasdaq: QRVO) will host a conference call to review its fiscal 2022 first quarter results on August 4, 2021, at 5:00 p.m. ET. The call will be available live on their website, with a playback accessible two hours post-call until August 11, 2021. Financial results will be released at 4:00 p.m. ET on the same day. Qorvo specializes in RF solutions and serves several high-growth markets including 5G and IoT. Investors are encouraged to tune in for insights into the company's financial performance and outlook.

Qorvo (Nasdaq: QRVO) has launched the world’s first family of electronically reconfigurable dual-band GaN power amplifiers (PAs), aimed at transforming radar technology in defense and commercial avionics. The QPA0007 and QPA0004 models allow rapid reconfiguration between S- and X-bands, significantly enhancing radar platform flexibility while reducing size, weight, power, and costs. These amplifiers boast higher power efficiency and lower BOM by 50%. They are now available for sampling, with a focus on optimizing manufacturability and performance.

Qorvo (Nasdaq:QRVO) announced the interoperability of its DW3000 ultra-wideband (UWB) chipset with the Apple U1 chip, enabling developers to create new app experiences based on spatial awareness. The DW3000 family is set to ramp into full production, compliant with the IEEE 802.15.4z standard and supported by several development kits. The global market for UWB technology is projected to see 300 million device shipments in 2021, suggesting strong growth potential. The integration of UWB in smartphones enhances location accuracy for various applications, signaling new user experiences.

Qorvo (Nasdaq: QRVO) will present at the Bank of America Securities 2021 Global Technology Conference on June 8, 2021, at 2:30 p.m. ET. This virtual event will be available via live webcast on Qorvo's investor site. As a leading provider of RF solutions, Qorvo focuses on advanced wireless devices, cloud computing, and 5G networks, addressing the complex challenges faced by customers in various sectors. The company emphasizes the importance of its innovative technologies in connecting the world.