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Qorvo, Inc. (Nasdaq: QRVO) is a leading provider of innovative radio frequency (RF) solutions. The company is committed to creating a better world through advanced connectivity. Established from the merger of RF Micro Devices and TriQuint Semiconductor in January 2015, Qorvo specializes in RF filters, power amplifiers, and front-end modules that are essential components in high-end wireless devices, including some of the world's most advanced smartphones.
Qorvo's product range extends beyond smartphones to include applications in wireless base stations, cable TV, networking equipment, and critical infrastructure for military and defense purposes. The company leverages its competitive strengths to advance emerging technologies such as 5G networks, cloud computing, and the Internet of Things (IoT), playing a crucial role in the global framework that interconnects people, places, and things.
Qorvo's strategic market segments include consumer electronics, smart home/IoT, automotive sectors like electric vehicles (EVs) and battery-powered appliances, as well as network infrastructure and aerospace/defense. The company’s robust product portfolio aims to meet the growing demands for efficiency, latency, and throughput across these diverse markets.
Recently, Qorvo has been active in expanding its operational capabilities. In fiscal 2024, Qorvo achieved significant content gains with key mobile customers and strong revenue growth in its defense and aerospace business. The company also acquired Anokiwave, aiming to accelerate the adoption of their innovative technologies and integrate them with Qorvo's own RF and power management solutions.
Financially, Qorvo reported a GAAP revenue of $1.074 billion for the fiscal 2024 third quarter, demonstrating strong execution and alignment with market demand. Additionally, the company has taken steps to optimize its capital expenditure and improve its gross margin profile, including the sale of its Beijing and Dezhou assembly and test facilities to Luxshare Precision Industry Co., Ltd., under a long-term supply agreement.
Qorvo continues to innovate and adapt in a competitive industry, focusing on long-term growth strategies and content gains at major customers to improve financial performance. The company's management emphasizes the importance of non-GAAP financial measures to better represent the ongoing operational performance, excluding certain costs and adjusting for non-cash expenses.
With a commitment to product and technology leadership, global manufacturing scale, and systems-level expertise, Qorvo is well-positioned to solve complex technical challenges for its customers, ensuring their success and supporting global connectivity.
Qorvo (QRVO), a leading global provider of connectivity and power solutions, has announced it will host a conference call to discuss its fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. ET. The company will release its financial results at approximately 4:00 p.m. ET on the same day.
The conference call will be accessible through a live webcast on the Company's Investor Relations website. For those unable to attend the live event, a telephone playback will be available about two hours after the call's completion until February 4, 2025, accessible by dialing 1-412-317-0088 with passcode 8143934.
Qorvo (QRVO) has announced its automotive-qualified QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is now sampling with key customers. The breakthrough SoC targets automotive applications including secure keyless entry, Digital Key, and UWB radar applications such as child presence detection and motion sensing.
The QPF5100Q features configurable software that allows automotive designers to customize features for enhanced performance and application differentiation. Currently in Design Verification Testing with leading automotive manufacturers, the chip is scheduled to enter production later in 2025.
Building on Qorvo's decade-long UWB expertise, the SoC is designed to meet strict automotive standards while offering low-power operation and high integration. The company's automotive UWB solutions feature scalable system architectures to ensure adaptability to evolving industry standards and emerging applications.
Qorvo (Nasdaq: QRVO) has been awarded the 2024 Most Respected Public Semiconductor Company Award by the Global Semiconductor Alliance (GSA). This marks the company's second recognition in this category, following their previous win in 2022. The award acknowledges semiconductor companies demonstrating excellence in success, vision, strategy, and future opportunities.
The GSA, representing over 300 corporate members including 120+ public companies that constitute 75% of the $575+ billion semiconductor industry, presents this award as one of the most prestigious honors in the semiconductor sector. The recognition highlights Qorvo's leadership in diverse markets and their role in connecting, protecting, and powering technology through advanced solutions and world-class design.
Qorvo (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, has announced its participation in the Barclays 22nd Annual Global Technology Conference. Company executives will deliver a presentation on Thursday, December 12, 2024, at 12:50 p.m. Eastern Time (9:50 a.m. Pacific Time). Interested parties can access a live webcast of the presentation through Qorvo's investor relations website at https://ir.qorvo.com under the Events & Presentations section.
Qorvo (Nasdaq:QRVO) announced the appointment of Alan S. Lowe to its Board of Directors and Audit Committee, effective November 11, 2024. Lowe currently serves as president and CEO of Lumentum Holdings, a designer and manufacturer of optical and photonic products. Prior to joining Lumentum in 2015, he held executive positions at Viavi Solutions, including senior vice president of the Lasers business and executive vice president of communications and commercial optical products business.
Cambridge GaN Devices (CGD) and Qorvo (QRVO) have partnered to create the PAC5556A + ICeGaN® evaluation kit, combining Qorvo's BLDC/PMSM motor controller/driver with CGD's ICeGaN ICs. The collaboration aims to enhance motor control applications with improved efficiency and power density. The PAC5556AEVK2 achieves 400W peak performance without a heatsink, while PAC5556AEVK3 reaches 800W peak with minimal cooling. The solution targets industrial and home automation applications, particularly in white goods, ceiling fans, refrigerators, compressors, and pumps.
Qorvo has been chosen by MediaTek as a key supplier for Wi-Fi 7 front-end modules (FEMs) used in the MediaTek MT6653 Wi-Fi 7/Bluetooth combo chip for the Dimensity 9400 platform. The Wi-Fi 7 FEMs are designed to deliver enhanced performance, power efficiency, and technical features in mobile devices. Qorvo offers the industry's most comprehensive portfolio of Wi-Fi 7 FEMs for mobile applications, featuring multiple transmit modes and supporting both linear and non-linear architectures. Volume shipments will begin in Q4 2024.
Qorvo (QRVO) reported fiscal 2025 Q2 results with revenue of $1.047 billion. GAAP gross margin was 42.6% with operating income of $9.7 million and a loss per share of $0.18. Non-GAAP figures showed stronger performance with 47.0% gross margin, $212.2 million operating income, and $1.88 earnings per share. The company faces challenges in smartphone market mix, particularly in Android 5G segments. For Q3 FY2025, Qorvo forecasts revenue around $900 million with non-GAAP gross margin of 45% and earnings per share between $1.10-$1.30. Management expects full-year fiscal 2025 revenue and gross margin to be slightly lower than fiscal 2024.
Qorvo (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, has announced its upcoming fiscal 2025 second quarter earnings conference call. The call is scheduled for Tuesday, October 29, 2024, at 5:00 p.m. (ET). Investors and interested parties can access the live webcast on Qorvo's Investor Relations website at https://ir.qorvo.com under the 'Events & Presentations' section.
The company will release its fiscal 2025 second quarter financial results at approximately 4:00 p.m. (ET) on the same day. For those unable to attend the live call, a telephone playback will be available about two hours after the call's completion. The playback can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. This replay option will be available through November 5, 2024.
Qorvo (Nasdaq: QRVO), a global leader in connectivity and power solutions, has announced its participation in the upcoming Goldman Sachs Communacopia + Technology Conference. Company executives are scheduled to present on Tuesday, September 10, 2024, at 7:25 p.m. Eastern Time (4:25 p.m. Pacific Time).
Investors and interested parties can access a live webcast of the presentation through Qorvo's investor relations website at https://ir.qorvo.com under the 'Events & Presentations' section. This event provides an opportunity for Qorvo to showcase its latest innovations and strategies to a broad audience of industry professionals and investors.
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