Qorvo reports Q2 adjusted EPS $2.22, consensus $2.11

Reports Q2 revenue $1.1B, consensus $1.04B. Bob Bruggeworth, president and chief executive officer of Qorvo (QRVO), said, “In the September quarter, ACG supported our largest customer’s smartphone ramp while continuing to serve Android’s premium and flagship tiers. In HPA, we grew our D&A and infrastructure businesses while supporting a recently launched smartwatch with our power management ICs. In CSG, we consolidated our organizational structure to improve profitability and prioritize opportunities in automotive, industrial, enterprise, and other markets. In the December quarter, we expect year-over-year revenue growth and margin expansion, supported by strategic customers in mobile and D&A markets.”