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Sep 28, 2024
Qorvo Q2 2025 Earnings Report
Qorvo's Q2 2025 financial results were announced, showing mixed performance across segments and exceeding guidance in revenue, gross margin, and EPS.
Key Takeaways
Qorvo reported Q2 2025 revenue of $1.047 billion. While ACG supported a large customer's smartphone ramp, unfavorable mix and a shift in Android 5G demand are expected to impact future results. Full-year fiscal 2025 revenue and gross margin are expected to be slightly down compared to fiscal 2024.
Revenue for Q2 2025 was $1.047 billion.
GAAP gross margin was 42.6%, and operating income was $9.7 million.
Non-GAAP gross margin was 47.0%, and operating income was $212.2 million.
Diluted loss per share was $0.18 on a GAAP basis, while diluted earnings per share was $1.88 on a non-GAAP basis.
Qorvo
Qorvo
Forward Guidance
Qorvo expects December 2024 quarter revenue to be approximately $900 million, plus or minus $25 million, with a non-GAAP gross margin of approximately 45% and non-GAAP diluted earnings per share between $1.10 and $1.30.