Qorvo (QRVO) Tops Q2 EPS by 12c

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Go back to Qorvo (QRVO) Tops Q2 EPS by 12c

Qorvo® Announces Fiscal 2023 Second Quarter Financial Results

November 2, 2022 4:00 PM EDT

GREENSBORO, N.C., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2023 second quarter ended October 1, 2022.

On a GAAP basis, revenue for Qorvos fiscal 2023 second quarter was $1.158 billion, gross margin was 46.5%, operating income was $262 million and diluted earnings per share was $1.82. On a non-GAAP basis, gross margin was 49.2%, operating income was $338 million and diluted earnings per share was $2.66.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered a solid September... More