QorvoNASDAQ: QRVO

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.

CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops energy-efficient GaN-based power devices that make greener electronics possible, is partnering with Qorvo®, (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, to develop a reference design and evaluation kit (EVK) that showcases GaN for motor control applications. CGD aims to speed the use of GaN power ICs in BLDC and PMSM applications, resulti.

Qorvo (QRVO) exceeded fourth-quarter fiscal 2024 earnings estimates due to strong demand trends in various end markets supporting healthy top-line growth.

While the revenue and EPS numbers for Qorvo (QRVO) can provide insight into its performance in the quarter ending March 2024, it may be beneficial to also analyze how certain key metrics stack up against Wall Street predictions and the figures from the same period last year.

Qorvo (QRVO) reported earnings of $1.39 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.21 per share. This marks a significant increase from earnings of $0.26 per share in the same quarter last year.

Qorvo, a chipmaker specializing in wireless connectivity, projected lower revenue and profit for the first quarter than what Wall Street had predicted. This was due to anticipated low demand in the flagship smartphone market, causing the company's shares to drop over 11% in after-hours trading.

Qorvo (QRVO) is anticipated to show an increase in revenue compared to the previous year in the fourth quarter of fiscal 2024, driven by strong performance in various sectors.

Both Skyworks Solutions and Qorvo are projected to see an increase in revenue and earnings due to the smartphone market rebounding. With their current low valuations, investors have the chance to purchase these companies at a favorable price.