QRVO Stock Recent News

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.”

Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

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. Qorvo is pleased with the outcome of this case that was originally filed in October 2021.

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.