Qorvo (QRVO) Tops Q3 EPS by 18c; Guides Q4 Higher

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Qorvo® Announces Fiscal 2020 Third Quarter Financial Results

January 29, 2020 4:00 PM EST

GREENSBORO, N.C., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2020 third quarter, ended December 28, 2019.  On a GAAP basis, revenue for Qorvos fiscal 2020 third quarter was $869 million, gross margin was 42.4%, operating income was $153 million and diluted earnings per share was $1.36.  On a non-GAAP basis, gross margin was 49.3%, operating income was $252 million and diluted earnings per share was $1.86.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered an exceptional December... More