Qorvo (QRVO) Tops Q1 EPS by 37c; Guides Abovce

Qorvo (NASDAQ: QRVO) reported Q1 EPS of $1.50, $0.37 better than the analyst estimate of $1.13. Revenue for the quarter came in at $787 million versus the consensus estimate of $730.17 million.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo delivered an exceptional June quarter, with revenue and EPS well above guidance. The Qorvo team continues to operate very well in a challenging environment. We are supporting leading customers with best-in-class products, and our technology investments are aligned with long-term market drivers in 5G handsets and infrastructure, defense, Wi-Fi 6 and IoT.”

GUIDANCE:

Qorvo sees Q2 2021 EPS of $1.90, versus the consensus of $1.44. Qorvo sees Q2 2021 revenue of $925-955 million, versus the consensus of $802.77 million.

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Robinhood prices $2B convertible notes offering due 2029
• NVE Corporation names new CEO and expands board to seven members