Qorvo (QRVO) Raises Q2 Guidance

Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it is updating the financial guidance provided for the company’s fiscal 2021 second quarter in its earnings release and conference call on July 29, 2020.

During the September quarter, broad-based mobile demand for Qorvo’s advanced 4G and 5G mobile products is exceeding the company’s original expectations. Qorvo is providing revised non-GAAP expectations for revenue, gross margin and diluted earnings per share for the company’s fiscal 2021 second quarter, along with the prior guidance, in the table below.

(Consensus sees Q2 EPS of 1.91 on revenue of $940.7 million)

Qorvo is presenting today at Citi’s 2020 Global Technology Virtual Conference at 5:10 p.m. ET. A live webcast of the virtual event will be available on the company's web site at the following URL: http://www.qorvo.com (under "Investors"). Qorvo plans to announce financial results for its fiscal 2021 second quarter on or about November 4, 2020.

Qorvo’s actual quarterly results may differ from the expectations and projections shown above, and such differences may be material.

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