UPDATE: Benchmark Assumes Qorvo Inc (QRVO) at Buy

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Go back to UPDATE: Benchmark Assumes Qorvo Inc (QRVO) at Buy

Qorvo® Announces Fiscal 2022 First Quarter Financial Results

August 4, 2021 4:00 PM EDT

GREENSBORO, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2022 first quarter ended July 3, 2021.

On a GAAP basis, revenue for Qorvos fiscal 2022 first quarter was $1.110 billion, gross margin was 49.2%, operating income was $297 million and diluted earnings per share was $2.51. On a non-GAAP basis, gross margin was 52.5%, operating income was $367 million and diluted earnings per share was $2.83.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, The Qorvo team delivered an... More