Qorvo (NASDAQ: QRVO) reported Q4 EPS of $1.07, $0.02 better than the analyst estimate of $1.05. Revenue for the quarter came in at $664.4 million versus the consensus estimate of $655.72 million.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, “We are pleased with our March quarterly performance, during which the Qorvo team delivered revenue and EPS above the midpoint of our range and record free cash flow. In fiscal 2018, IDP expanded margins and achieved outstanding revenue growth, up over 20%, while Mobile Products expanded margins and built a solid foundation for profitable growth. I’m particularly pleased with our BAW-based design win momentum across multiple products and customers. Qorvo is better positioned today to target and win our markets’ highest growth and most complex opportunities, which will drive us toward our target operating model.”

GUIDANCE:

Qorvo sees Q1 2019 GAAP EPS of $0.75, which may not compare to the consensus of $1.08. Qorvo sees Q1 2019 revenue of $645-665 million, versus the consensus of $678.43 million.

For earnings history and earnings-related data on Qorvo (QRVO) click here.