Qorvo® Announces Fiscal 2024 Fourth Quarter Financial Results [Yahoo! Finance]
Qorvo, Inc. (QRVO)
Last qorvo, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
ir.qorvo.com/investor-relations
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Source: Yahoo! Finance
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 million Completed 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 income was $30 million, and diluted earnings per share was $0.03. On a non-GAAP basis, gross margin was 42.5%, operating income was $147 million, and diluted earnings per share was $1.39. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo delivered year-over-year revenue growth in the March quarter in each of our three operating segments. There are global macro trends supporting our markets that are increasing customer r
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QRVO
News
- Qorvo, Inc. (NASDAQ: QRVO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Qorvo, Inc. (NASDAQ: QRVO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Qorvo, Inc. (NASDAQ: QRVO) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $117.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Qorvo, Inc. (NASDAQ: QRVO) had its price target lowered by analysts at Barclays PLC from $110.00 to $100.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why Qorvo (QRVO) Stock Is Nosediving [Yahoo! Finance]Yahoo! Finance
QRVO
Earnings
- 5/1/24 - Beat
QRVO
Sec Filings
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- QRVO's page on the SEC website