Qorvo beat EPS expectations but struggled with revenue in Q3 fiscal 2025

From Nasdaq: 2025-01-28 18:40:46

Qorvo (NASDAQ:QRVO) beat expectations in its Q3 Fiscal 2025 earnings, reporting a Non-GAAP EPS of $1.61, outperforming estimates by $0.40 or 33.1%. Revenue also exceeded expectations at $916.3 million, a 1.6% outperformance. Despite challenges, Qorvo showcased resilience and strategic focus on diversification and innovation.

In Q3, Qorvo’s revenue fell by 14.7% year-over-year to $916.3 million. The Advanced Cellular Group segment saw a decline, while the High Performance Analog segment posted strong growth. Qorvo made operational improvements, selling its silicon carbide business. Cost management efforts led to a decrease in adjusted operating expenses.

For the upcoming quarter, Qorvo forecasts revenue between $825 million and $875 million, with Non-GAAP gross margins between 43% and 44%. Strategic shifts towards diversification and cost management are expected to drive profitability amidst segment-specific challenges. Investors should monitor Qorvo’s efforts to mitigate risks and maintain competitiveness in the RF solutions market.



Read more at Nasdaq: Qorvo EPS Beats, Revenue Struggles