NuAxiSemiconductor trade intelligence
Qorvo’s below-seasonal June-quarter revenue follows major ramp at Samsung
What happened
Qorvo reported Q1 FY2025 revenue of $886.7M, a 5.8% sequential decline despite exceeding guidance, attributed to below-seasonal performance following a major ramp at Samsung. The company's commentary suggests ongoing inventory digestion and soft demand in its core markets, particularly mobile. Bearish: The sequential revenue drop and weak forward commentary signal continued demand pressure for RF components, potentially impacting spot market pricing.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
RF Front-End ModulesPower Management ICsWi-Fi/BT Combo Chips
QorvoSamsung Electronics
earningsdemand-weaknessinventory
Source and time
Source: Semiconductor Today · 8/6/2024 · View original source
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