Qorvo (QRVO) Tops Q4 EPS by 24c; Guides Above Views

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Qorvo® Announces Fiscal 2020 Fourth Quarter Financial Results

May 7, 2020 4:02 PM EDT

GREENSBORO, N.C., May 07, 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 fourth quarter, ended March 28, 2020.  On a GAAP basis, revenue for Qorvos fiscal 2020 fourth quarter was $788 million, gross margin was 42.6%, operating income was $102 million and diluted earnings per share was $0.43.  On a non-GAAP basis, gross margin was 49.6%, operating income was $210 million and diluted earnings per share was $1.57.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered a strong quarter... More