Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters, multiplexers and other components, radio frequency (RF) power management integrated circuits, antenna tuners, antenna-plexers, discrete filters and duplexers, discrete switches, and ultra-wideband (UWB) system solutions. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, discrete power amplifiers (PA), and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip (SoC) hardware, firmware, and application software for smart home applications; automotive RF connectivity products and UWB SoC solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: qorvo.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/31/2024 | $124.00 → $142.00 | Buy | Craig Hallum |
7/31/2024 | $110.00 → $125.00 | Hold | TD Cowen |
2/1/2024 | $110.00 → $125.00 | Buy | Craig Hallum |
1/4/2024 | $120.00 | Overweight → Neutral | Piper Sandler |
12/8/2023 | $120.00 → $134.00 | Equal-Weight → Overweight | Morgan Stanley |
11/2/2023 | Buy → Hold | Summit Insights | |
10/10/2023 | $116.00 → $78.00 | Neutral → Sell | Citigroup |
8/3/2023 | $135.00 | Neutral → Outperform | Exane BNP Paribas |
7/20/2023 | $125.00 | Outperform | Wolfe Research |
5/4/2023 | Hold → Buy | Summit Insights |
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4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
Craig Hallum reiterated coverage of Qorvo with a rating of Buy and set a new price target of $142.00 from $124.00 previously
TD Cowen reiterated coverage of Qorvo with a rating of Hold and set a new price target of $125.00 from $110.00 previously
Craig Hallum reiterated coverage of Qorvo with a rating of Buy and set a new price target of $125.00 from $110.00 previously
Piper Sandler downgraded Qorvo from Overweight to Neutral and set a new price target of $120.00
Morgan Stanley upgraded Qorvo from Equal-Weight to Overweight and set a new price target of $134.00 from $120.00 previously
Summit Insights downgraded Qorvo from Buy to Hold
Citigroup downgraded Qorvo from Neutral to Sell and set a new price target of $78.00 from $116.00 previously
Exane BNP Paribas upgraded Qorvo from Neutral to Outperform and set a new price target of $135.00
Wolfe Research initiated coverage of Qorvo with a rating of Outperform and set a new price target of $125.00
Summit Insights upgraded Qorvo from Hold to Buy
GREENSBORO, N.C., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to present at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024, at 7:25 p.m. Eastern Time (4:25 p.m. Pacific Time). A live webcast of the event will be available on the Company's website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). About QorvoQorvo (NASDAQ:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturin
GREENSBORO, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 first quarter ended June 29, 2024. Strategic Highlights Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 millionTransitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo On a GAAP basis, revenue for Qorvo's fiscal 2025 first quarter was $887 million, gross margin was 37.5%, operating income was $4.6 million, and diluted earnings per share was $0.00. On a non-GAAP basis, gross margin was 40.9%, operating income was
GREENSBORO, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 first quarter financial results on Tuesday, July 30, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 1263601. The playback will be available through the close of business on August 6, 2024
Evaluation kit to feature Qorvo's high-performance BLDC/PMSM motor controller/driver and CGD's easy-to-use ICeGaN ICs Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops energy-efficient GaN-based power devices that make greener electronics possible, is partnering with Qorvo®, (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, to develop a reference design and evaluation kit (EVK) that showcases GaN for motor control applications. CGD aims to speed the use of GaN power ICs in BLDC and PMSM applications, resulting in higher power, highly efficient, compact and reliable systems. Qorvo is building an EVK for its PAC5556A motor/c
GREENSBORO, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, is hosting an Investor Day on Tuesday, June 11, 2024, in New York City beginning at 8:30 a.m. ET. The event will be webcast live on the Company's website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcast, a replay will be available on the Company's IR website following the event. Institutional investors and analysts interested in attending Qor
GREENSBORO, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that a federal jury in the U.S. District Court for the District of Delaware returned a verdict on Friday, May 17, 2024, in favor of Qorvo, finding that Akoustis Technologies, Inc. and Akoustis Inc. (together, "Akoustis") willfully and maliciously misappropriated Qorvo trade secrets and infringed certain Qorvo patents relating to BAW filter designs. The jury awarded Qorvo over $31,500,000 in compensatory damages and an additional $7,000,000 in punitive damages. This verdict enables Qorvo to pursue an injunction against Akoustis products. Qor
GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 fourth quarter ended March 30, 2024. Strategic Highlights Grew quarterly revenue 49% year-over-year and exceeded the mid-point of revenue guidance by $16 millionCompleted acquisition of Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array antennas for Defense, SATCOM, 5G, and other beam forming applications On a GAAP basis, revenue for Qorvo's fiscal 2024 fourth quarter was $941 million, gross margin was 40.6%, operating inco
GREENSBORO, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it will hold an Investor Day on Tuesday, June 11, 2024, in New York City from approximately 8:30 a.m. ET to approximately 11:30 a.m. ET. A live audio webcast and related presentation materials will be available to all interested parties on the Company's investor relations website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcas
GREENSBORO, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 fourth quarter financial results on Wednesday, May 1, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8317324. The playback will be available through the close of business on May 8, 2024.
GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it has reached a definitive agreement to acquire Anokiwave, a leading supplier of high performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM and 5G applications. The transaction is expected to close during the March quarter. Anokiwave is based in Boston, MA, and operates design centers and sales offices in Boston, MA and San Diego, CA. The Anokiwave team will join Qorvo's High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array
10 analysts have shared their evaluations of Qorvo (NASDAQ:QRVO) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 6 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 2 0 4 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $110.3, with a high estimate of $145.00 and a low estimate of $95.00. A negative shift in sentime
Susquehanna analyst Christopher Rolland maintains Qorvo (NASDAQ:QRVO) with a Neutral and raises the price target from $95 to $145.
June closed on a high note for the stock market, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 3.2%, despite significant disparities in sector and industry performances. The technology sector, as tracked by the Technology Select Sector SPDR Fund (NYSE:XLK), led the 11 S&P 500 sectors in performance last month, surging 7.7% and achieving its strongest monthly gain this year. In stark contrast, utilities lagged, with the Utilities Select Sector SPDR Fund (NYSE:XLU) dropping 6.3%, marking the worst month since September 2023. Top Performing Industry ETFs In June The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) rallied 11.3% last month, topping
These large-cap stocks were the best performers in the last week. Are they in your portfolio? Broadcom Inc. (NASDAQ:AVGO) shares jumped 23.07% after the company reported upbeat results for its fiscal second quarter. Many analysts raised the price forecast on the stock. Arm Holdings Plc (NASDAQ:ARM) jumped 17.14% on the report that the company will join the Nasdaq-100 Index starting June 24, 2024. Caseys General Stores, Inc. (NASDAQ:CASY) shares escalated 13.99% after the company reported better than expected Q4 financial results and increased its quarterly dividend. Many analysts boosted their price forecast on the stock. Qorvo Inc (NASDAQ:QRVO) shares gained 13.69% in the last
The semiconductor rally continues its unstoppable advance, fueled by the propulsion of artificial intelligence, with the U.S. chipmaking industry now soaring to a combined valuation of $6.3 trillion. The PHLX Semiconductor Sector Index, mirrored by the Invesco PHLX Semiconductor ETF (NYSE:SOXQ), is poised for a 6% gain this week, marking its strongest performance in two months and achieving record high levels. Since late October 2023, the index has surged by 78%, while the broader chip industry has seen an astonishing 169% increase from its October 2022 low. In stark contrast, the broader tech sector, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has risen by 39% from its Octobe
The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains. The S&P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5,433 points, rebounding from a morning dip caused by disappointing unemployment claims data. In the afternoon, traders regained confidence in risky assets after U.S. Treasury Secretary Janet Yellen expressed optimism about continued progress in disinflation. While Yellen noted easing labor market pressures, she emphasized that the job market remains strong. The market anticipates a rate cut in
Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Qorvo (NASDAQ:QRVO) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 6 1 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 4 1 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $105.8, a high estimate of $128.00, and a low estimate of $95.00. A 6.92% drop is evident in the current average comp
Rosenblatt analyst Kevin Cassidy maintains Qorvo (NASDAQ:QRVO) with a Neutral and maintains $105 price target.
GREENSBORO, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, is hosting an Investor Day on Tuesday, June 11, 2024, in New York City beginning at 8:30 a.m. ET. The event will be webcast live on the Company's website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcast, a replay will be available on the Company's IR website following the event. Institutional investors and analysts interested in attending Qor
GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it has reached a definitive agreement to acquire Anokiwave, a leading supplier of high performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM and 5G applications. The transaction is expected to close during the March quarter. Anokiwave is based in Boston, MA, and operates design centers and sales offices in Boston, MA and San Diego, CA. The Anokiwave team will join Qorvo's High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array
Seagate Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, today announced that Robert (Bob) Bruggeworth has been appointed to the company's Board of Directors and to serve on the Audit and Finance Committee of the Board, effective November 9, 2022. "I am very pleased to welcome Bob to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Bob has extensive executive leadership experiences with over 20 years as CEO of two public companies, RF Micro Devices and currently Qorvo. Prior to these roles, Bob spent 16 years in various senior leadership positions at AMP, now part of TE Connectivity, residing in Asia and the U.S." S
GREENSBORO, N.C., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced the appointment of Grant Brown as chief financial officer, effective August 29, 2022. Mr. Brown was named interim chief financial officer on April 18, 2022, and previously served as Qorvo's vice president of Treasury. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "We are pleased to announce that Grant has been appointed CFO. Grant has broad experience and expertise leading finance teams, and he deeply understands our company and strategic vision. He has been a significant contributor to Qorvo over many years, and
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
GREENSBORO, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading provider of innovative RF solutions that connect the world, today announced the appointment of Philip Chesley as president of Qorvo's Infrastructure & Defense Products segment, effective November 1, 2021. Mr. Chesley will report to Bob Bruggeworth, president and chief executive officer of Qorvo, and he will succeed James Klein, who previously announced his intention to retire from the company. Bob Bruggeworth said, "We are extremely pleased that Philip Chesley is joining Qorvo to head our diverse and growing Infrastructure & Defense Products (IDP) business. Philip has a proven track record growing world-cl
GREENSBORO, N.C., May 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading provider of innovative RF solutions that connect the world, today announced the election of Judy Bruner to its Board of Directors, effective immediately. Ms. Bruner will also join the Board's Audit and Governance and Nominating Committees. Ms. Bruner most recently served as Executive Vice President, Administration and Chief Financial Officer of SanDisk Corporation, a supplier of flash storage products, from June 2004 until its acquisition by Western Digital in May 2016. Previously, she was Senior Vice President and Chief Financial Officer of Palm, Inc., a provider of handheld computing and communications so
ORLANDO, FL / ACCESSWIRE / March 9, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company" or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced the appointment of Mr. Eric Creviston to its Board of Directors (the "Board"), effective March 4, 2020. Mr. Creviston will serve as a Class II director, filling the vacancy created by Dr. Stephen Brueck's recent retirement. Mr. Creviston is currently Corporate Vice President and President of the Mobile Products group of Qorvo Inc. (NASDAQ:QRVO) ("Qorvo"), which develops and commercializes worldwide semiconductor pro
GREENSBORO, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 first quarter ended June 29, 2024. Strategic Highlights Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 millionTransitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo On a GAAP basis, revenue for Qorvo's fiscal 2025 first quarter was $887 million, gross margin was 37.5%, operating income was $4.6 million, and diluted earnings per share was $0.00. On a non-GAAP basis, gross margin was 40.9%, operating income was
GREENSBORO, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 first quarter financial results on Tuesday, July 30, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 1263601. The playback will be available through the close of business on August 6, 2024
GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 fourth quarter ended March 30, 2024. Strategic Highlights Grew quarterly revenue 49% year-over-year and exceeded the mid-point of revenue guidance by $16 millionCompleted acquisition of Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array antennas for Defense, SATCOM, 5G, and other beam forming applications On a GAAP basis, revenue for Qorvo's fiscal 2024 fourth quarter was $941 million, gross margin was 40.6%, operating inco
GREENSBORO, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it will hold an Investor Day on Tuesday, June 11, 2024, in New York City from approximately 8:30 a.m. ET to approximately 11:30 a.m. ET. A live audio webcast and related presentation materials will be available to all interested parties on the Company's investor relations website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcas
GREENSBORO, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 fourth quarter financial results on Wednesday, May 1, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8317324. The playback will be available through the close of business on May 8, 2024.
GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 third quarter ended December 30, 2023. Strategic Highlights Grew quarterly revenue 44% year-over-year and exceeded high-point of revenue guidance by $49 millionRecognized by top four China-based Android 5G OEMs with 2023 awards for innovation, quality, supply, technology and strategic partnershipSigned definitive agreement to acquire Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array antennas for D&A, SATCOM and 5G applications On a G
GREENSBORO, N.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 third quarter financial results on Wednesday, January 31, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 4787814. The playback will be available through the close of business on February
GREENSBORO, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 second quarter ended September 30, 2023. Quarterly Highlights Grew quarterly revenue 70% sequentially and exceeded the mid-point of revenue guidance by $103 millionAchieved sequential growth in ACG, CSG and HPA operating segmentsSecured broad-based design wins in all end markets, including major UWB wins in a flagship Android smartphone and an in-vehicle car access platform by a leading German automotive tier oneSignificantly reduced Qorvo inventory while improving Android channel inventory
GREENSBORO, N.C., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 second quarter financial results on Wednesday, November 1, 2023, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8451381. The playback will be available through the close of business on November
GREENSBORO, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 first quarter ended July 1, 2023. On a GAAP basis, revenue for Qorvo's fiscal 2024 first quarter was $651 million, gross margin was 35.2%, operating loss was $48 million and loss per share was $0.44. On a non-GAAP basis, gross margin was 42.9%, operating income was $47 million and diluted earnings per share was $0.34. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "The Qorvo team continues to operate well to position Qorvo for long-term growth. We are introducing new