Reports Q2 revenue $1.1B, consensus $1.04B. Bob Bruggeworth, president and chief executive officer of Qorvo (QRVO), said, “In the September quarter, ACG supported our largest customer’s smartphone ramp while continuing to serve Android’s premium and flagship tiers. In HPA, we grew our D&A and infrastructure businesses while supporting a recently launched smartwatch with our power management ICs. In CSG, we consolidated our organizational structure to improve profitability and prioritize opportunities in automotive, industrial, enterprise, and other markets. In the December quarter, we expect year-over-year revenue growth and margin expansion, supported by strategic customers in mobile and D&A markets.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QRVO:
- Notable companies reporting after market close
- DoorDash, Microsoft, Intellia, Upwork, Qorvo: Trending by Analysts
- Midday Fly By: Nvidia hits $5T market cap, Boeing takes big 777X charge
- Skyworks upgraded, UnitedHealth downgraded: Wall Street’s top analyst calls
- Qorvo price target raised to $108 from $100 at UBS