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Jun 29, 2024
Qorvo Q1 2025 Earnings Report
Qorvo's revenue grew year-over-year and exceeded revenue guidance, while integrating Anokiwave and transitioning Beijing and Dezhou operations.
Key Takeaways
Qorvo announced its fiscal 2025 first quarter financial results, with revenue of $887 million, a 36% increase year-over-year. The company exceeded its revenue guidance by $37 million and fully integrated Anokiwave into Qorvo.
Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 million
Transitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo
Exceeded the mid-point of June quarterly guidance for revenue, gross margin and EPS.
Expect sequential increases in revenue, gross margin and EPS for the September quarter.
Qorvo
Qorvo
Forward Guidance
Qorvo’s current outlook for the September 2024 quarter is: Quarterly revenue of approximately $1.025 billion, plus or minus $25 million, Non-GAAP gross margin between 46% and 47%, Non-GAAP diluted earnings per share between $1.75 and $1.95
Positive Outlook
- Expect sequential increases in revenue
- Expect sequential increases in gross margin
- Expect sequential increases in EPS