secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001604778-23-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000039/0001604778-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000039/rfmd-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001604778-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer