secwatch.observer — SEC 8-K summary
======================================

Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001604778-23-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000078/0001604778-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000078/rfmd-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001604778-23-000078

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