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Qorvo’s quarterly revenue up 44.5% year-on-year

What happened

Qorvo reported fiscal Q3 2024 revenue of $1.07bn, down 2.7% sequentially but up 44.5% year-on-year, exceeding its high-end guidance by $49m. The CFO attributed the strong performance to significant content gains at its largest customer, widely understood to be Apple. 利多: This signals robust, above-forecast demand for Qorvo's RF and power management components in flagship mobile devices, warranting close watch for potential supply chain ripple effects.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

RF ComponentsPower Management ICs

Qorvo Inc

earnings-beatcontent-gainsmobile-demand

Source and time

Source: Semiconductor Today · 2/9/2024 · View original source

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Qorvo’s quarterly revenue up 44.5% year-on-year

What happened

Impact and signal

Affected components and suppliers

Source and time

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