Qorvo (QRVO) Tops Q3 EPS by 9c, Q4 Revenue Guidance Misses
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Qorvo® Reports Fiscal 2016 Third Quarter Results
February 4, 2016 4:03 PM ESTGREENSBORO, N.C. and HILLSBORO, Ore., Feb. 04, 2016 (GLOBE NEWSWIRE) --
Financial Highlights
GAAP quarterly revenue was $620.7 millionOther GAAP results were gross margin of 37.2%, operating loss of $13.2 million, and a loss of $0.08 per shareOn a Non-GAAP basis, revenue was $619.7 million, gross margin was 47.9%, operating income was $156.9 million, and diluted EPS was $1.03Cash flow from operations was $218.0 million with free cash flow of $156.5 millionQorvo repurchased 4.6 million shares of common stock for $250 millionStrategic Highlights
Grew dollar content in the marquee... More