Qorvo (QRVO) Tops Q4 EPS by 20c; Guides Lower

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Go back to Qorvo (QRVO) Tops Q4 EPS by 20c; Guides Lower

Qorvo® Announces Fiscal 2022 Fourth Quarter Financial Results

May 4, 2022 4:00 PM EDT

GREENSBORO, N.C., May 04, 2022 (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 fourth quarter ended April 2, 2022.

On a GAAP basis, revenue for Qorvos fiscal 2022 fourth quarter was $1.166 billion, gross margin was 48.9%, operating income was $271 million and diluted earnings per share was $1.95. On a non-GAAP basis, gross margin was 52.0%, operating income was $377 million and diluted earnings per share was $3.12.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered a strong fiscal 2022 fourth... More