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Apr 02, 2022
Qorvo Q4 2022 Earnings Report
Qorvo reported strong financial results for Q4 2022, exceeding revenue guidance despite a challenging macro environment.
Key Takeaways
Qorvo's Q4 2022 revenue was $1.166 billion. GAAP diluted earnings per share was $1.95, while non-GAAP diluted earnings per share was $3.12. The company's strategic highlights included a multi-million dollar order for SiC power device solutions and design wins for massive MIMO small signal infrastructure applications.
Qorvo delivered a strong fiscal 2022 fourth quarter and full fiscal year.
Revenue exceeded the midpoint of quarterly guidance, despite a dynamic and challenging macro environment.
Customers are excited about the technologies and products Qorvo is releasing.
Qorvo is extremely well positioned with multiyear growth drivers, broadening market and customer exposure and a deep product and technical portfolio.
Qorvo
Qorvo
Forward Guidance
Qorvo's current outlook for the June 2022 quarter includes revenue of $1.0 billion to $1.05 billion, non-GAAP gross margin of approximately 50%, and non-GAAP diluted earnings per share in the range of $2.00 to $2.25.