Qorvo sees Q3 EPS $1.10-$1.30, consensus $1.92

Sees Q3 revenue $900M +/- $25M, consensus $1.06B. Sees Q3 gross margin 45%. Bob Bruggeworth, president and chief executive officer of Qorvo (QRVO), said, “In the September quarter, ACG successfully supported our largest customer’s seasonal smartphone ramp. In HPA, we expanded our D&A business while building a broad-based business in power management. In CSG, we maintained our leadership in Wi-Fi applications while investing to grow in diverse businesses including automotive solutions and SoCs for ultra-wideband and Matter. HPA and CSG are on pace to achieve mid-teen year-over-year growth in fiscal 2025.”