Qorvo expresses ‘confidence’ in year-over-year content growth

While presenting at the Barclays Global Technology Conference, executives from Qorvo (QRVO) said that looking forward into next year, “we’ve secured sufficient wins to date that give us confidence in year-over-year content growth in our next year. And we’re very excited about that and very well-positioned.” The executives added, according to a transcript of the event: “We’re in, of course, as you know, based on the teardowns, all models, but we tend to be weighted toward the pro models and you can expect continued strength there. Beyond next year, we’ve been invited to compete and we are investing to grow content even further. In fact, we’re engaged on more product programs today than ever before… I think it’s important also to address some questions that have come up around some misinformation in a recent news article about our opportunity with the internal modem. To be clear, we don’t do modems, we don’t do transceivers, and we don’t do millimeter wave. What the customer counts on us for is integrated RF modules, ET PMICs, antenna tuning and discrete filters and switches. The incremental opportunity for us as they move to the internal platform is the ET PMICs. So, I want to make sure that was clear because I know there’s some confusion, and a lot of questions about that.”