Qorvo (QRVO) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.34 per share a year ago.
Chipmaker Qorvo beat Wall Street expectations for first-quarter revenue on Tuesday, as it benefited from a rise in orders due to a recovery in the smartphone market.
Qorvo (QRVO) will likely report top-line growth year over year, backed by healthy demand in Connectivity and Sensors Group and Advance Cellular Group.
Qorvo's latest quarterly results point toward a significant acceleration in growth. The company's smartphone chips are used by the likes of Apple and Samsung, putting it in a solid position to make the most of the AI smartphone market's growth.
Qorvo (QRVO) introduces an advanced suite of high-powered amplifiers to enhance commercial prospects in the defense and aerospace sectors.
Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?