Qorvo

Qorvo (NASDAQ:QRVO) reported fiscal Q1 non-GAAP earnings  of $0.34 per diluted share, down from $2.25 a year earlier. Analysts polled by Capital IQ expected $0.15. Revenue for the quarter ended July 1 was $651.2 million, down from $1.04 billion a year earlier. Analysts surveyed by Capital IQ expected $639.7 million. The company said it expects fiscal Q2 non-GAAP diluted EPS of $1.75. Analysts polled by Capital IQ are looking for $1.62. Revenue for the fiscal quarter is projected to be $1 billion, plus or minus $15 million. the company said. Analysts surveyed by Capital IQ are expecting $953.8 million.

February 1, 2023 — Qorvo(NASDAQ:QRVO) , a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2023 third quarter ended December 31, 2022. Qorvo(NASDAQ:QRVO) reported Wednesday fiscal Q3 non-GAAP earnings of $0.75 per diluted share, Analysts polled by Capital IQ expected $0.63. Revenue for the quarter ended Dec. 31, 2022, was $743.3 million, Analysts polled by Capital IQ expected $726.3 million. The company said it expects fiscal Q4 non-GAAP diluted EPS of $0.10 to $0.15. Analysts polled by Capital IQ expect $0.60. The company expects revenue for the quarter of $600 million to $640 million. Analysts polled by Capital IQ expect $725.9 million. On a GAAP basis, revenue for Qorvo’s fiscal 2023 third quarter was $743 million, gross margin was 36.1%, operating income was $9 million and loss per share was $0.16. On a non-GAAP basis, gross margin was 40.9%, operating income was $99