{"schema_version":"secwatch.filing_event.v1","accession":"0001604778-22-000060","form_type":"8-K","ticker":"QRVO","cik":"0001604778","company_name":"Qorvo, Inc.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.381782+00:00","generated_at":"2026-06-22T14:01:56.418705+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Qorvo Q2 FY2023 EPS beat, but Q3 guidance weak: revenue $700-750M, EPS $0.50-0.75; $2B buyback authorized","bullets":["Q2 FY2023 revenue $1.158B, GAAP EPS $1.82, non-GAAP EPS $2.66; revenue down 7.7% YoY, non-GAAP EPS down 22%.","Q3 guidance sharply lower: revenue $700-750M, non-GAAP gross margin 43-44%, non-GAAP EPS $0.50-0.75.","Board authorized $2B share repurchase program, replacing prior program; no fixed term or minimum repurchase requirement.","Management cites weakening end-market demand and inventory correction at Android smartphone customers as key headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001604778-22-000060","json":"https://secwatch.observer/filing/0001604778-22-000060.json","markdown":"https://secwatch.observer/filing/0001604778-22-000060.md","text":"https://secwatch.observer/filing/0001604778-22-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604778/000160477822000060/0001604778-22-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604778/000160477822000060/rfmd-20221102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T14:01:56.418705+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a2837b2f63243178c465138c9405c7877f31a4c2","claim":"Qorvo, Inc. reported the Company’s fiscal 2023 second quarter ended October 1, 2022 results: revenue $1.158 billion, net income $188.6, EPS $1.82. Guidance initiated.","evidence_excerpt":"today announced financial results for the Company’s fiscal 2023 second quarter ended October 1, 2022. On a GAAP basis, revenue for Qorvo’s fiscal 2023 second quarter was $1.158 billion, gross margin was 46.5%, operating income was $262 million and diluted earnings per share was $1.82. On a non-GAAP basis, gross margin was 49.2%, operating income was $338","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604778/000160477822000060/0001604778-22-000060-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the Company’s fiscal 2023 second quarter ended October 1, 2022"},{"label":"Revenue","value":"$1.158 billion"},{"label":"Net income","value":"$188.6"},{"label":"EPS","value":"$1.82"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}