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Dec 28, 2024
Qorvo Q3 2025 Earnings Report
Qorvo exceeded the midpoint of their December quarter non-GAAP guidance in revenue, gross margin, and EPS and executed on strategic initiatives to expand margin and generate strong free cash flow.
Key Takeaways
Qorvo's fiscal 2025 third quarter saw a GAAP revenue of $916.3 million, with a gross margin of 42.7%, operating income of $53.0 million, and diluted earnings per share of $0.43. The company is executing on strategic initiatives to expand margin, generate strong free cash flow, and increase shareholder value.
Qorvo successfully supported their largest customer, who represented approximately 50% of sales.
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Qorvo
Qorvo
Forward Guidance
Qorvo’s current outlook for the March 2025 quarter is: Quarterly revenue of approximately $850 million, plus or minus $25 million, Non-GAAP gross margin between 43% and 44%, Non-GAAP diluted earnings per share between $0.90 and $1.10