Qorvo reports Q3 fiscal 2023 revenue $743M, GAAP loss $0.16/share; Q4 guidance weak

Qorvo, Inc.

2023-Q3 EPS reported $2.33 revenue$2,936,696,000

Revenue $743M; GAAP gross margin 36.1%, operating income $9M, loss per share $0.16.
Non-GAAP gross margin 40.9%, operating income $99M, diluted EPS $0.75.
Q4 guidance: revenue $600-640M, non-GAAP gross margin ~41%, non-GAAP EPS $0.10-$0.15.
Channel inventories declined in December quarter and expected to continue declining.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Qorvo, Inc. reported fiscal 2023 third quarter ended December 31, 2022 results: revenue $743 million, EPS $0.16. Guidance initiated.

Period: fiscal 2023 third quarter ended December 31, 2022
Revenue: $743 million
EPS: $0.16
Guidance: initiated
Result: reported results

Exact text from the filing

Qorvo ® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2023 third quarter ended December 31, 2022. On a GAAP basis, revenue for Qorvo’s fiscal 2023 third quarter was $743 million, gross margin was 36.1%, operating income was $9 million and loss per share was $0.16.

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Source: SEC EDGAR

accession 0001604778-23-000027

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