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Qorvo’s December quarter exceeds the mid-point of guidance for revenue, gross margin and EPS

What happened

Qorvo reported fiscal Q3 2022 revenue of $1.114B, down 11.2% sequentially but up 1.7% YoY, exceeding the midpoint of its guidance range. The results reflect a mixed demand environment with strength in defense and IoT offsetting softer mobile demand. Neutral: The report confirms ongoing inventory digestion and stable execution but offers no immediate catalyst for component price direction.

Impact and signal

Medium impactImpact score: 55/100

Affected components and suppliers

RF ComponentsPower Management ICs

Qorvo Inc

earningsguidance-beat

Source and time

Source: Semiconductor Today · 2/9/2022 · View original source

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Qorvo’s December quarter exceeds the mid-point of guidance for revenue, gross margin and EPS

What happened

Impact and signal

Affected components and suppliers

Source and time

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