---
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"
generated_at: "2026-06-22T14:01:56.418705+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Qorvo Q2 FY2023 EPS beat, but Q3 guidance weak: revenue $700-750M, EPS $0.50-0.75; $2B buyback authorized

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604778-22-000060
- JSON: https://secwatch.observer/filing/0001604778-22-000060.json
- Plain text: https://secwatch.observer/filing/0001604778-22-000060.txt

## Key facts
- Earnings Releases
  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.
  - Period: the Company’s fiscal 2023 second quarter ended October 1, 2022
  - Revenue: $1.158 billion
  - Net income: $188.6
  - EPS: $1.82
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604778/000160477822000060/0001604778-22-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.