Qorvo (QRVO) Tops Q3 EPS by 13c, Guidance Misses Consensus
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Qorvo® Announces Fiscal 2023 Third Quarter Financial Results
February 1, 2023 4:00 PM ESTGREENSBORO, N.C., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2023 third quarter ended December 31, 2022.
On a GAAP basis, revenue for Qorvos fiscal 2023 third quarter was $743 million, gross margin was 36.1%, operating income was $9 million and loss per share was $0.16. On a non-GAAP basis, gross margin was 40.9%, operating income was $99 million and diluted earnings per share was $0.75.
Bob Bruggeworth, president and chief executive officer of Qorvo, said, The Qorvo team is operating well in navigating... More
