Qorvo (QRVO) Tops Q2 EPS by 9c; Guides Q3 Below

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Qorvo® Announces Fiscal 2018 Second Quarter Financial Results

November 1, 2017 4:00 PM EDT

GREENSBORO, N.C., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2018 second quarter, ended September 30, 2017.  On a GAAP basis, fiscal 2018 second quarter revenue was $821.6 million, gross margin was 39.1%, operating income was $49.6 million, and diluted net income per share was $0.27.  On a non-GAAP basis, fiscal 2018 second quarter revenue was $820.6 million, gross margin was 47.4%, operating income was $230.5 million, or 28.1% of sales, and diluted EPS was $1.52.

Qorvo delivered a strong September quarter, with revenue and EPS exceeding... More