Qorvo Inc ( (QRVO) ) has released its Q3 earnings. Here is a breakdown of the information Qorvo Inc presented to its investors.
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Qorvo Inc, a global leader in connectivity and power solutions, operates within the semiconductor industry, providing innovative technology to a range of sectors including mobile, defense, and aerospace.
In its fiscal 2025 third-quarter earnings report, Qorvo reported revenue of $916.3 million and a gross margin of 42.7% on a GAAP basis. The company is pursuing strategic initiatives aimed at expanding margins and generating strong cash flow. Notably, Qorvo’s largest customer accounted for approximately 50% of its sales, and the company is focusing its Android 5G product portfolio on premium tiers.
Key financial highlights include a non-GAAP gross margin of 46.5%, operating income of $177.9 million, and diluted earnings per share of $1.61. Qorvo has taken steps to reduce operating expenses in its Android business and divested its silicon carbide unit to improve its financial standing. The High Performance Analog (HPA) segment saw record revenue, with expectations for continued growth.
Looking ahead, Qorvo projects revenue of approximately $850 million for the next quarter, with a non-GAAP gross margin between 43% and 44%. The company remains committed to its growth and diversification strategy, with anticipated double-digit growth in its HPA and Core Semiconductor Groups (CSG) for the fiscal year 2025 and beyond.
