Qorvo reports Q4 FY2023 revenue $633M, GAAP loss $1.39/sh, non-GAAP EPS $0.26; guides June Q revenue $620-660M

Qorvo, Inc.

2023-FY EPS reported $1.00 revenue$3,569,399,000

GAAP revenue $633M, gross margin 18.1%, operating loss $189M, EPS -$1.39; non-GAAP EPS $0.26.
June quarter guidance: revenue $620-660M, non-GAAP gross margin ~41.5%, non-GAAP EPS ~$0.15.
Android channel inventory reduced ~25% in fiscal Q4; expects return to historical norms by calendar year-end.
Secured first Wi-Fi 7 BAW filter design wins; shipped new RFFE architecture for 2024 Android smartphone.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Qorvo, Inc. reported the fiscal 2023 fourth quarter ended April 1, 2023 results: revenue $633 million, net income operating loss was $189 million and loss per share was $1.39, EPS (loss per share) was $1.39.

Period: the fiscal 2023 fourth quarter ended April 1, 2023
Revenue: $633 million
Net income: operating loss was $189 million and loss per share was $1.39
EPS: (loss per share) was $1.39
Result: reported results

Exact text from the filing

On a GAAP basis, revenue for Qorvo’s fiscal 2023 fourth quarter was $633 million, gross margin was 18.1%, operating loss was $189 million and loss per share was $1.39.

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Source: SEC EDGAR

accession 0001604778-23-000039

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