QorvoNASDAQ: QRVO

CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), a semiconductor company focused on clean technology and energy-efficient GaN-based power devices, has teamed up with Qorvo® (Nasdaq: QRVO), a top provider of connectivity and power solutions. Together, they are launching the PAC5556A + ICeGaN® evaluation kit (EVK), which merges advanced motor control and power efficiency technologies. This partnership highlights Qorvo's high-performance capabilities.

The chip supplier definitely had a second quarter that they would rather not remember.

Qorvo has developed Wi-Fi 7 FEMs that are specifically designed to work well with the MediaTek MT6653 Wi-Fi 7 and Bluetooth® combo chip. These components are optimized for better performance and compatibility.

Qorvo's stock price dropped significantly today, but it still isn't considered "cheap."

The company that makes radio-frequency chips has exceeded expectations for its quarterly earnings and sales, but has provided disappointing forecasts for the future.

Qorvo, Inc. (NASDAQ:QRVO) is holding its Q2 2025 Earnings Conference Call on October 29, 2024, at 5:00 PM ET. The call will feature company representatives including Douglas DeLieto, Robert Bruggeworth, Grant Brown, and Dave Fullwood. Participants from various financial institutions will also be joining the call, but all attendees will be in listen-only mode.

Qorvo (QRVO) reported quarterly earnings of $1.88 per share, which is higher than the Zacks Consensus Estimate of $1.85 per share. This is a decrease compared to earnings of $2.39 per share from the same period last year.

On Tuesday, chipmaker Qorvo predicted that its revenue and profit for the third quarter would be lower than what Wall Street expected. This decline is due to strong competition and a trend of consumers moving towards more affordable smartphones. As a result, the company's shares fell by 14% in after-hours trading.

Alphabet (GOOGL) exceeded expectations, announcing that YouTube ad sales have gone over $50 billion in the last year. On the other hand, Qorvo (QRVO) and Chipotle (CMG) saw their stocks drop following mixed earnings reports.