Qorvo reports Q4 adjusted EPS $1.42, consensus $1.00

Reports Q4 revenue $869.5M, consensus $850.52M. Bob Bruggeworth, president and chief executive officer of Qorvo (QRVO), said, “During the March quarter, Qorvo achieved stronger than seasonal sequential revenue while surpassing the midpoint of EPS guidance by 42 cents and expanding gross margin year-over-year. Looking across our business segments, our growth and margin targets are anchored in a multi-year strategy focused on winning content with our largest customer and building on our core RF and power expertise to drive diversification through CSG and HPA. We are on a path to continue to improve our business mix and our manufacturing footprint.”