Qorvo, Inc. (QRVO) (Q1FY24)
Stock Performance: Qorvo stock price showed a downward trend in the past 3-month period and gave -15% returns. The price increased by 12% in the past 1 year. The stock has a 52-week high of $114.59 and its 52-week low is $79.72.
Q1FY24 Performance: On a GAAP basis, Revenue for Qorvo’s fiscal 2024 first quarter was $651mn, gross margin was 35.2%, operating loss was $48mn and loss per share was $0.44.
On a non-GAAP basis, gross margin was 42.9%, operating income was $47 million and diluted earnings per share was $0.34.
Management Guidance: Qorvo’s outlook for the September 2023 quarter is: Quarterly revenue of approximately $1bn, plus or minus $15mn. Non-GAAP gross margin between 45% and 46%. Non-GAAP diluted earnings per share of approximately $1.75 at the midpoint of revenue.
High-Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG) – faced setbacks due to global economic challenges.
This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.
– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum
Actual & Historical Performance
– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Business Highlights
– M&A Deals
– Price Performance
No of Pages: 34
To download the previous quarter’s equity/report CLICK HERE
To Download other equity/reports CLICK HERE
Follow our LinkedIn page for more updates.