Qorvo (QRVO) Tops Q2 EPS by 31c; Guides Above Views
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Qorvo® Announces Fiscal 2021 Second Quarter Financial Results
November 4, 2020 4:00 PM ESTGREENSBORO, N.C., Nov. 04, 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 2021 second quarter, ended October 3, 2020.
On a GAAP basis, revenue for Qorvos fiscal 2021 second quarter was $1.06 billion, gross margin was 46.4%, operating income was $222 million and diluted earnings per share was $1.18. On a non-GAAP basis, gross margin was 51.7%, operating income was $329 million and diluted earnings per share was $2.43. Fiscal year 2021 is a 53-week fiscal year, and the September quarter was a 14-week fiscal quarter.
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