Qorvo (QRVO) Tops Q3 EPS by 40c, Beats on Revenue, Offers Strong Guidance

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Go back to Qorvo (QRVO) Tops Q3 EPS by 40c, Beats on Revenue, Offers Strong Guidance

Qorvo® Announces Fiscal 2025 Third Quarter Financial Results

January 28, 2025 4:00 PM EST

GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2025 third quarter ended December 28, 2024.

On a GAAP basis, revenue for Qorvos fiscal 2025 third quarter was $916.3 million, gross margin was 42.7%, operating income was $53.0 million, and diluted earnings per share was $0.43. On a non-GAAP basis, gross margin was 46.5%, operating income was $177.9 million, and diluted earnings per share was $1.61.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo is executing on a broad set... More