The earnings call highlighted strong revenue growth and performance in HPA and CSG segments, alongside significant automotive and defense design wins. However, the challenges in the Android ecosystem and reduced revenue outlook dampened the overall positive sentiment.

Company Guidance

During the Qorvo Q2 2025 earnings call, guidance was provided indicating several key metrics and expectations for the coming quarters. Revenue for the quarter was reported at $1.047 billion, marking an 18% sequential increase, with a non-GAAP gross margin of 47%. However, the outlook for the next quarter anticipates a decline to approximately $900 million in revenue, with a non-GAAP gross margin of 45% and diluted EPS between $1.10 and $1.30. For the fiscal year 2025, revenue is expected to be slightly down compared to 2024, attributed mainly to unfavorable shifts in the Android smartphone market and varying content ramp profiles with key customers. The company remains focused on growth in the mid-teens for its HPA and CSG segments, while anticipating structural improvements to enhance gross margins in the longer term, aiming for a return to the 50% range. Operating expenses are projected to be around $265 million in the December quarter, considering reductions in manufacturing and other expenses to align with the changing market dynamics.

Revenue Increase and Segment Growth

Qorvo reported a revenue of $1,047 million for the quarter, representing an 18% sequential increase. All three operating segments reported double-digit sequential growth.

Strong Performance in HPA and CSG

HPA and CSG are expected to grow in the mid-teens for the fiscal year. HPA witnessed record design and billing activities, indicating strong market performance.

Automotive and Defense Design Wins

Qorvo secured significant design wins in the automotive sector and defense markets, indicating strong market penetration and future growth potential.

Inventory Reduction

Qorvo ended the quarter with a net inventory balance of $694 million, the lowest in three years, reflecting ongoing inventory reduction efforts.

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Qorvo Inc (DE:2QO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:2QO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 01, 2018	2019 (Q1)	- / 0.93	0.84	10.34% (+0.09)	―	―
Oct 31, 2018	2019 (Q2)	- / 1.69	1.468	15.13% (+0.22)	―	―
Feb 07, 2019	2019 (Q3)	- / 1.79	1.632	9.47% (+0.15)	―	―
May 07, 2019	2019 (Q4)	- / 1.18	1.033	14.02% (+0.14)	―	―
Aug 01, 2019	2020 (Q1)	- / 1.31	0.927	41.67% (+0.39)	―	―
Oct 31, 2019	2020 (Q2)	- / 1.47	1.69	-13.14% (-0.22)	―	―
Jan 29, 2020	2020 (Q3)	- / 1.80	1.787	0.54% (<+0.01)	―	―
May 07, 2020	2020 (Q4)	- / 1.52	1.178	28.69% (+0.34)	―	―
Jul 29, 2020	2021 (Q1)	- / 1.45	1.314	10.29% (+0.14)	―	―
Nov 04, 2020	2021 (Q2)	- / 2.35	1.468	59.87% (+0.88)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:2QO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	€78.82	€70.82	-10.15%
Jul 30, 2024	€112.54	€103.90	-7.68%
Jan 31, 2024	€91.59	€96.77	+5.66%
Nov 01, 2023	€82.52	€80.15	-2.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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