secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001604778-24-000078
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo Q2 rev $1.047B, non-GAAP EPS $1.88; Dec Q guidance ~$900M rev, full-year slightly down
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- GAAP revenue $1.047B, GAAP loss per share $0.18; non-GAAP diluted EPS $1.88, gross margin 47%.
- Non-GAAP operating income $212.2M (up from GAAP $9.7M on restructuring and amortization).
- December quarter guidance: revenue ~$900M (±$25M), non-GAAP gross margin ~45%, EPS $1.10–$1.30.
- Full-year fiscal 2025 revenue and gross margin expected slightly down vs fiscal 2024 due to unfavorable product mix shift in Android 5G.
- Company initiating factory consolidation and operating expense reductions to align with profitability targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477824000078/0001604778-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477824000078/rfmd-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001604778-24-000078

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