Qorvo (QRVO) Posts Q3 Results, Guides

Qorvo (NASDAQ: QRVO) reported Q3 EPS of $0.84 (combined) which may note compare to the analyst estimate of $1.16. Revenue for the quarter came in at $742 million versus the consensus estimate of $723.43 million.

Qorvo sees Q4 2015 EPS of $0.80-$0.90, versus the consensus of $0.82. Qorvo sees Q4 2015 revenue of $615-625 million.

For Qorvo (RFMD only)

• December 2014 GAAP quarterly revenue was $397.1 million
• GAAP gross margin was 48% and non-GAAP gross margin was 49.3%
• GAAP operating income was $103.6 million and non-GAAP operating income was $121.5 million
• GAAP net income was $87.9 million and non-GAAP net income was $108.4 million
• GAAP diluted EPS was $1.18 and non-GAAP diluted EPS was $0.36

For TriQuint

• December 2014 revenue was $344.9 million
• GAAP gross margin was 46.8% and non-GAAP gross margin was 48.8%
• GAAP operating income was $76.3 million and non-GAAP operating income was $91.4 million
• GAAP net income was $61.6 million and non-GAAP net income was $89.6 million
• GAAP diluted EPS was $0.78 and non-GAAP diluted EPS was $0.48

For earnings history and earnings-related data on Qorvo (QRVO) click here.

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