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

Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001604778-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477824000012/0001604778-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477824000012/rfmd-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001604778-24-000012

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