Qorvo reports Q4 FY2024 revenue $941M, up 49% YoY; non-GAAP EPS $1.39; guides June qtr rev ~$850M

Qorvo, Inc.

2024-FY EPS reported -$0.72 revenue$3,769,506,000

GAAP revenue $941M (+49% YoY); GAAP EPS $0.03; non-GAAP diluted EPS $1.39.
Non-GAAP gross margin 42.5%; operating income $147M.
Completed acquisition of Anokiwave for intelligent active array antennas.
June quarter guidance: revenue ~$850M, non-GAAP gross margin 40-41%, non-GAAP EPS $0.60-$0.80.
Fiscal 2025: expects modest revenue growth and margin improvement vs fiscal 2024.

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 0.99

Qorvo, Inc. reported fiscal 2024 fourth quarter ended March 30, 2024 results: revenue $941 million, EPS $0.03.

Period: fiscal 2024 fourth quarter ended March 30, 2024
Revenue: $941 million
EPS: $0.03
Result: reported results

Exact text from the filing

On a GAAP basis, revenue for Qorvo's fiscal 2024 fourth quarter was $941 million, gross margin was 40.6%, operating income was $30 million, and diluted earnings per share was $0.03.

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Source: SEC EDGAR

accession 0001604778-24-000027

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