Qorvo Shares Soar 7% Following Q1 Beat
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Qorvo® Announces Fiscal 2023 First Quarter Financial Results
August 3, 2022 4:00 PM EDTGREENSBORO, N.C., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2023 first quarter ended July 2, 2022.
On a GAAP basis, revenue for Qorvos fiscal 2023 first quarter was $1.035 billion, gross margin was 36.2%, operating income was $102 million and diluted earnings per share was $0.65. On a non-GAAP basis, gross margin was 50.0%, operating income was $284 million and diluted earnings per share was $2.25.
Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo is executing well and delivering solid... More
