Qorvo (NASDAQ: QRVO) reported Q4 EPS of $2.74, $0.31 better than the analyst estimate of $2.43. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.04 billion.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo’s March quarterly revenue exceeded expectations driven by demand in 5G handsets and Wi-Fi 6 and 6E. Our outlook is strong as Qorvo is enabling multiyear upgrade cycles in existing markets and introducing disruptive technologies including ultra-wideband, RF-based biotechnology testing and MEMS-based solutions.

“After the quarter closed, we acquired NextInput, a pioneer in the emerging field of force-sensing solutions utilizing MEMS-based sensors. We welcome the NextInput team to the Qorvo family, and we are excited to expand our technology portfolio and accelerate the deployment of the technology to our broad customer base and new markets.”

GUIDANCE:

Qorvo sees Q1 2022 EPS of $2.45, versus the consensus of $2.16. Qorvo sees Q1 2022 revenue of $1.065-1.095 billion, versus the consensus of $0.93046 billion.

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