secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001604778-23-000096
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo Q2 FY2024 revenue $1.103B (+70% seq); non-GAAP EPS $2.39 beats; guides Dec Q revenue ~$1B
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- Revenue $1.103B, up 70% sequentially, exceeded guidance midpoint by $103M; GAAP EPS $0.99, non-GAAP EPS $2.39.
- Sequential growth in ACG, CSG, HPA; major UWB design wins in flagship Android smartphone and German auto tier-one.
- December quarter guidance: revenue ~$1B ±$25M, non-GAAP gross margin 43-44%, non-GAAP diluted EPS ~$1.65.
- Expects YoY revenue growth in FY2024; reduced Qorvo inventory, improved Android channel inventory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000096/0001604778-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000096/rfmd-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001604778-23-000096

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