Qorvo reports FQ1 revenue $651M, GAAP loss per share $0.44; guides Sep Q revenue ~$1B, non-GAAP EPS ~$1.75

Qorvo, Inc.

2024-Q1 EPS reported -$0.44 revenue$651,164,000

Revenue $651M, GAAP gross margin 35.2%, operating loss $48M, loss per share $0.44.
Non-GAAP gross margin 42.9%, operating income $47M, diluted EPS $0.34.
Sep Q guidance: revenue ~$1B (±$15M), non-GAAP gross margin 45-46%, non-GAAP diluted EPS ~$1.75.
Management expects Sep Q revenue up >50% sequentially, driven by content gains at largest customer.
Booked multi-million-dollar SiC power order for AI servers; multiple design wins in automotive, Wi-Fi 7, and 5G.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Qorvo, Inc. reported fiscal 2024 first quarter ended July 1, 2023 results: revenue $651 million, EPS loss per share was $0.44.

Period: fiscal 2024 first quarter ended July 1, 2023
Revenue: $651 million
EPS: loss per share was $0.44
Result: reported results

Exact text from the filing

On a GAAP basis, revenue for Qorvo's fiscal 2024 first quarter was $651 million, gross margin was 35.2%, operating loss was $48 million and loss per share was $0.44.

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Source: SEC EDGAR

accession 0001604778-23-000078

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