Loading...
•
Apr 03, 2021
Qorvo Q4 2021 Earnings Report
Qorvo exceeded expectations driven by demand in 5G handsets and Wi-Fi 6 and 6E.
Key Takeaways
Qorvo's Q4 2021 revenue was $1.073 billion, exceeding expectations driven by demand in 5G handsets and Wi-Fi 6 and 6E. The company's outlook is strong, enabling multiyear upgrade cycles and introducing disruptive technologies. Qorvo acquired NextInput, expanding its technology portfolio.
Achieved record shipments of LB, MHB and UHB main path solutions and Wi-Fi 6E FEMs in support of leading Android® smartphone OEMs.
Continued to expand content opportunity with leading Android OEMs by securing complete main path solutions and secondary transmit in the diversity path.
Selected by leading provider of consumer IoT products to integrate UWB into a broad set of connected home devices.
Honored by Samsung® with its Best Quality Award in recognition of Qorvo’s innovation and outstanding performance in support of the Galaxy® product family.
Qorvo
Qorvo
Forward Guidance
Qorvo expects robust end market demand to support double-digit revenue growth and operating margin expansion for the current fiscal year ending March 2022.
Positive Outlook
- Quarterly revenue of $1.065 billion to $1.095 billion
- Non-GAAP gross margin of approximately 50%
- Non-GAAP diluted earnings per share of $2.45 at the midpoint of guidance