Categories Earnings, Technology

Qorvo (QRVO): Q3 2020 Earnings Snapshot

— Qorvo (NASDAQ: QRVO) reported Q3 2020 earnings of $1.86 per share, vs. $1.68 expected.

— Revenues totaled $869 million, vs. $852 million expected.

— Qorvo commenced volume shipments of BAW filters to a top-tier infrastructure OEM supporting China Mobile’s 5G small cell deployment.

— The company secured new design wins and increased shipments of Wi-Fi 6 FEMs across CPE, retail and mobile.

— Q4 2020 revenue is expected to be $800-840 million.

— Q4 2020 adjusted EPS is expected to be $1.55 at the midpoint of guidance.

— QRVO shares gained 8% immediately following the announcement.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top