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Qorvo (QRVO)
NASDAQ:QRVO
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
1Last Year’s EPS
1.39Same Quarter Last Year
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -11.21%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in the Defense and Aerospace sector and positive cash flow generation, along with effective cost reduction strategies. However, these were balanced by challenges such as expected declines in Android 5G revenue, sequential declines in the mobile and automotive markets, and an anticipated increase in the tax rate.Company Guidance
During the Qorvo Third Quarter 2025 Earnings Conference Call, the company provided guidance for the upcoming fiscal periods. For fiscal year 2025, Qorvo's Android 5G revenue within the Advanced Cellular Group (ACG) is expected to be approximately $875 million, with a projected decline of $150 million to $200 million annually in fiscal 2026 and fiscal 2027. ACG revenue is anticipated to experience a single-digit decline in fiscal 2026, while the High Performance Analog (HPA) and Connectivity and Sensors Group (CSG) are expected to grow by approximately 10% to 12%, excluding the silicon carbide business. Overall, the company forecasts flat revenue for fiscal 2026. Qorvo aims to improve its gross margin by 150 basis points in fiscal 2026, driven by portfolio management and restructuring efforts, with potential gross margins reaching up to 50% in a strong quarter during fiscal 2027. Operating expenses are projected to average approximately $250 million per quarter in fiscal 2026.Defense and Aerospace Revenue Growth
December was a record revenue quarter for Qorvo's Defense and Aerospace business, and they expect continued strength with full-year year-over-year growth this fiscal year and next fiscal year.
Free Cash Flow Generation
Qorvo generated operating cash flow of $214 million and capital expenditures of $38 million, resulting in free cash flow of $176 million.
Cost Reduction and Efficiency Improvements
Implemented a significant workforce reduction and streamlined digital transformation efforts, achieving over $100 million in gross annualized savings across COGS and OpEx.
HPA and CSG Growth Projections
Qorvo expects double-digit growth in HPA and CSG in fiscal '25 and double-digit growth again next fiscal year.
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QRVO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QRVO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $85.78 | $86.03 | +0.29% |
| Oct 29, 2024 | $100.48 | $73.04 | -27.31% |
| Jul 30, 2024 | $119.46 | $119.80 | +0.28% |
| May 01, 2024 | $111.89 | $95.67 | -14.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Qorvo (QRVO) report earnings?
Qorvo (QRVO) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Qorvo (QRVO) earnings time?
Qorvo (QRVO) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRVO EPS forecast?
QRVO EPS forecast for the fiscal quarter 2025 (Q4) is 1.
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