QRVO Stock Recent News

Qorvo (QRVO) shares slumped Thursday after the maker of radio frequency chips and a key supplier for Apple (AAPL) provided weaker-than-expected current-quarter guidance in response to declining mobile phone demand.

A healthy top-line expansion backed by solid demand trends in multiple end markets enable Qorvo (QRVO) to beat fourth-quarter fiscal 2024 earnings estimates.

Although the revenue and EPS for Qorvo (QRVO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Qorvo (QRVO) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $0.26 per share a year ago.

Wireless connectivity chipmaker Qorvo forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as it expects weak demand from flagship smartphone market, sending shares down more than 11% in aftermarket trading.

Qorvo (QRVO) is expected to report revenue growth year over year in the fourth quarter of fiscal 2024, backed by healthy traction in several end markets.

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.

Skyworks Solutions and Qorvo's revenue and earnings are expected to start growing once again thanks to a turnaround in the smartphone market. Both companies are trading at attractive valuations, giving investors the opportunity to buy while they are still cheap.

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”).

The accelerated deployment of 5G is enhancing the prospects of the Zacks Semiconductors - Radio Frequency industry players like Skyworks Solutions (SWKS) and Qorvo (QRVO) despite challenging macroeconomic conditions.