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Qorvo grows year-on-year after content gains with largest mobile customers and record defense revenue

Qorvo, Inc (NASDAQ:QRVO) Q4 2024 Earnings Call Transcript

Operator: Good day, and welcome to Qorvo, Inc. Earning Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

Qorvo (NASDAQ:QRVO) Posts Better-Than-Expected Sales In Q1 But Stock Drops 10 6% On Weak Guidance

Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 48.7% year on year to $941 million. On the other hand, next quarter's revenue guidance of $850 million was less impressive, coming in 8% below analysts' estimates. It made a non-GAAP profit of $1.39 per share, improving from its profit of $0.26 per share in the same quarter last year.

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