Welcome to our dedicated page for Qorvo news (Ticker: QRVO), a resource for investors and traders seeking the latest updates and insights on Qorvo stock.
Qorvo Inc (NASDAQ: QRVO) - a global leader in radio frequency solutions - powers connectivity across smartphones, defense systems, and network infrastructure. This dedicated news hub provides investors and industry professionals with essential updates on the company's strategic developments.
Track all official Qorvo press releases and curated news coverage in one centralized location. Our repository ensures timely access to critical information including quarterly earnings, technology innovations, and market expansion initiatives that shape the semiconductor landscape.
Key coverage areas include RF product launches, 5G infrastructure developments, defense sector contracts, and strategic partnerships. Stay informed about Qorvo's role in enabling next-generation wireless communications through their cutting-edge filters, power amplifiers, and integrated modules.
Bookmark this page for continuous updates on Qorvo's business milestones and technological advancements. Monitor how QRVO's solutions address evolving demands in mobile connectivity, aerospace systems, and global network deployments.
Qorvo (Nasdaq: QRVO) announced its fiscal Q3 2023 results with revenue of $1.158 billion, a gross margin of 46.5%, and diluted EPS of $1.82. Non-GAAP results showed a gross margin of 49.2% and diluted EPS of $2.66. CEO Bob Bruggeworth highlighted a strong September quarter, despite adjusting for weakening market demand. The company is reducing inventory and expects Q4 revenue of $700 million to $750 million. The board approved a $2 billion share repurchase program to enhance shareholder value.
Qorvo (Nasdaq: QRVO) is set to hold a conference call on November 2, 2022, at 5:00 p.m. ET to discuss its fiscal 2023 second quarter financial results. The results will be available at approximately 4:00 p.m. ET on the same day. Investors can access the live webcast through Qorvo's Investor Relations website. A playback of the call will be available post-event until November 9, 2022. Qorvo specializes in semiconductor solutions across various sectors, including consumer electronics and automotive.
Qorvo (Nasdaq: QRVO), a leader in RF solutions, announced its executives will present at the Goldman Sachs 2022 Communacopia + Technology Conference on September 13, 2022, at 2:30 p.m. ET. A live webcast of the event can be accessed via their website. Qorvo specializes in semiconductor solutions for diverse markets, including consumer electronics, automotive, and healthcare, aiming to solve complex technical challenges. Their innovative approach supports sectors like IoT, EVs, and aerospace.
Qorvo (Nasdaq: QRVO) announced the appointment of Grant Brown as chief financial officer, effective August 29, 2022, after previously serving as interim CFO since April 18, 2022. Brown, with extensive finance experience and knowledge of Qorvo’s strategic vision, is expected to contribute significantly to the company's growth and profitability. Bob Bruggeworth, CEO, expressed confidence in Brown's capabilities, highlighting his long-standing contributions to the company.
Qorvo (Nasdaq: QRVO) has launched the QPA2511, a high-gain 100 watt L-band power amplifier module designed for commercial and defense radar applications. This GaN-on-SiC PAM boasts a 60% power added efficiency while occupying 70% less space than traditional solutions, resulting in reduced power consumption. The module features a robust surface mount package that enhances system design and manufacturing reliability. Qorvo's extensive experience in defense programs positions it as a preferred vendor in the radar manufacturer sector.
Qorvo (Nasdaq: QRVO) has launched the QPD1034, a 1700 watt high power RF GaN pallet designed for TACAN and DME applications in air traffic control. The QPD1034 operates in the frequency range of 960 to 1,215 MHz, featuring 16dB of gain and 62% drain efficiency. This product aims to meet the increasing demand for modular, scalable, and reliable RF solutions manufactured in the U.S. Doug Cole, Qorvo's Defense and Aerospace GM, emphasized the company's commitment to quality and reliability.
Qorvo (Nasdaq: QRVO) announced the FDA's emergency use authorization (EUA) for its Qorvo Omnia™ SARS-CoV-2 Antigen Test, now available in Point-of-Care (POC) settings. This test allows qualitative detection of COVID-19 antigens in individuals suspected of infection, expanding market access to physician offices, pharmacies, and urgent care centers. The Omnia platform utilizes advanced Bulk Acoustic Wave (BAW) sensor technology, achieving high sensitivity and specificity rates of 85% and 86%, respectively, during clinical studies. This strategic move positions Qorvo favorably in the evolving testing landscape.
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.
