Qorvo beats Q3 fiscal 2024 guidance; revenue $1.074B up 44% YoY, non-GAAP EPS $2.10

Qorvo, Inc.

2024-Q3 EPS reported -$0.75 revenue$2,828,518,000

GAAP operating loss of $42M and loss per share $1.31; non-GAAP operating income $237M, diluted EPS $2.10.
Revenue $1.074B, exceeding high-end of guidance by $49M and up 44% YoY.
Record quarterly cash flow from operations of $493M and free cash flow $467M.
Signed definitive agreement to acquire Anokiwave for intelligent active array antennas.
March quarter guidance: revenue ~$925M, non-GAAP gross margin ~42%, non-GAAP EPS ~$1.20.

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 0.9

Qorvo, Inc. reported fiscal 2024 third quarter ended December 30, 2023 results: revenue $1.074 billion, EPS $1.31 per share. Guidance initiated.

Period: fiscal 2024 third quarter ended December 30, 2023
Revenue: $1.074 billion
EPS: $1.31 per share
Guidance: initiated
Result: reported results

Exact text from the filing

On a GAAP basis, revenue for Qorvo’s fiscal 2024 third quarter was $1.074 billion, gross margin was 36.1%, operating loss was $42 million, and loss per share was $1.31.

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Source: SEC EDGAR

accession 0001604778-24-000012

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