Latest news with #QRVO
Yahoo
26-06-2025
- Business
- Yahoo
Qorvo Enhances DOCSIS 4.0 Portfolio with New Amplifiers
Qorvo Inc. (NASDAQ:QRVO) is one of the best mid cap growth stocks to invest in now. As May was ending, Qorvo introduced 2 new hybrid power doubler amplifiers, the QPA3311 and QPA3316. These devices are designed to bolster Qorvo's DOCSIS 4.0 portfolio for broadband cable networks to deliver high-speed internet and video services over existing cable systems. The announcement was made to support the industry's transition towards Unified DOCSIS and smart amplifier architectures for greater visibility, efficiency, and adaptability in hybrid fiber-coax systems. The QPA3311 and QPA3316 amplifiers are optimized for downstream operations up to 1.8 GHz. They offer higher total composite power and improved signal integrity, which helps reduce cascade requirements and enhance end-of-line performance. A close up of a highly advanced mobile device with the company's branding visible. This innovation will lead to lower infrastructure costs by eliminating the need for expensive booster amplifiers. The QPA3311 is suitable for power-efficient designs requiring strong end-of-line performance. The QPA3316 is designed for high-output nodes needing maximum downstream performance. Qorvo Inc. (NASDAQ:QRVO) develops and commercializes technologies and products for wireless, wired, and power markets worldwide. While we acknowledge the potential of QRVO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
14-06-2025
- Business
- Business Insider
Mizuho Securities Sticks to Their Hold Rating for Qorvo (QRVO)
In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on Qorvo (QRVO – Research Report), with a price target of $75.00. The company's shares closed today at $79.42. Confident Investing Starts Here: According to TipRanks, Rakesh is a 5-star analyst with an average return of 13.4% and a 52.60% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom. In addition to Mizuho Securities, Qorvo also received a Hold from Barclays's Thomas O'Malley in a report issued on June 11. However, on June 10, Citi maintained a Sell rating on Qorvo (NASDAQ: QRVO). The company has a one-year high of $130.99 and a one-year low of $49.46. Currently, Qorvo has an average volume of 2.43M. Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QRVO in relation to earlier this year. Last month, John Harding, a Director at QRVO sold 1,450.00 shares for a total of $101,630.50.
Yahoo
30-05-2025
- Business
- Yahoo
Qorvo Expands DOCSIS 4.0 Portfolio for Broadband Cable Networks
Qorvo, Inc. QRVO recently introduced two cutting-edge hybrid power doubler amplifiers, QPA3311 and QPA3316, designed for Data Over Cable Service Interface Specification ('DOCSIS') 4.0 broadband cable networks. The DOCSIS technology is essential for delivering high-speed internet and video services over existing cable cable-based broadband services, hybrid fiber coax ('HFC') systems serve as a backbone. It enables fast internet delivery using DOCSIS 4.0 technology and effectively supports advanced use cases such as high-definition video streaming, enterprise connectivity to various business services. The growing proliferation of edge computing, AI workloads, IoT applications and various other use cases, such as remote healthcare, smart cities, are driving demand for intelligent, adaptive HFC new DOCSIS 4.0 product offerings, QPA3311 and QPA3316, are well equipped to support this transition. These power doubler amplifiers offer higher total composite power and improved signal integrity to reduce cascade requirements and enhance end-of-line performance. This eliminates the requirement for costly booster amps and lower infrastructure costs. The devices effectively support downstream operations up to 1.8 GHz. QPA3311 is ideal for power-efficient designs that need solid end-of-line performance, while the QPA3316 effectively supports high-output nodes that require maximum downstream performance. Such cutting-edge capabilities will significantly bolster visibility, efficiency and adaptability in modern HFC systems. By minimizing the cascade requirements and other infrastructure costs, Qorvo is addressing key industry challenges related to cost and performance in HFC networks. With its leading-edge innovation, the company is removing the roadblocks and paving the evolution of smart amplifiers and Unified DOCSIS. The launch of QPA3311 and QPA3316 gives service providers an agile and cost-effective way to adopt DOCSIS 4.0 systems and support growing demand for improved network efficiency. This will likely boost Qorvo's commercial company is likely to benefit from the faster-than-expected transition from 4G LTE to 5G technology in emerging markets. The emerging market for 5G advanced smartphones that feature additional transmit, receive and satellite bands aligns favorably with Qorvo's portfolio and boasts substantial growth opportunity. Shares of Qorvo have lost 22.4% over the past year compared with the industry's decline of 29.2%. Image Source: Zacks Investment Research Qorvo currently has a Zacks Rank #3 (Hold).Juniper Networks, Inc. JNPR sports a Zacks Rank of 1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks the last reported quarter, it delivered an earnings surprise of 4.88%. Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities within the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within its AI-driven enterprise portfolio, enabling customers to simplify the rollout of their campus wired and wireless networks while providing greater insight to network IDCC carries a Zacks Rank #2 (Buy) at present. In the trailing four quarters, InterDigital delivered an earnings surprise of 160.15%. The company is a pioneer in advanced mobile technologies that enable wireless communications and designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G, and IEEE 802-related products and Networks, Inc. ANET, carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Qorvo, Inc. (QRVO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-05-2025
- Business
- Yahoo
QRVO Q1 Earnings Call: Revenue Beats Estimates, Margin Initiatives and Tariff Uncertainty in Focus
Communications chips maker Qorvo (NASDAQ: QRVO) announced better-than-expected revenue in Q1 CY2025, but sales fell by 7.6% year on year to $869.5 million. The company expects next quarter's revenue to be around $775 million, close to analysts' estimates. Its non-GAAP profit of $1.42 per share was 41.3% above analysts' consensus estimates. Is now the time to buy QRVO? Find out in our full research report (it's free). Revenue: $869.5 million vs analyst estimates of $850.9 million (7.6% year-on-year decline, 2.2% beat) Adjusted EPS: $1.42 vs analyst estimates of $1.00 (41.3% beat) Adjusted EBITDA: $195.4 million vs analyst estimates of $166.9 million (22.5% margin, 17.1% beat) Revenue Guidance for Q2 CY2025 is $775 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.63 at the midpoint, roughly in line with what analysts were expecting Operating Margin: 3.2%, in line with the same quarter last year Free Cash Flow Margin: 19.6%, up from 18% in the same quarter last year Inventory Days Outstanding: 117, up from 114 in the previous quarter Market Capitalization: $7.32 billion Qorvo's first quarter results were shaped by a mix of product wins, business realignment, and ongoing cost discipline. Management cited the successful launch of its envelope tracking power management solution with its largest smartphone customer and record results in the defense and aerospace segment as key contributors. Frank Stewart, SVP and President of Advanced Cellular, noted, "We're really excited about the fall launch upcoming, really proud of what the team accomplished in capturing content there across multiple product categories." The company also benefitted from continued diversification, with double-digit revenue growth in its Connectivity & Sensors and High Performance Analog businesses. Looking ahead, management attributed forward guidance to expected seasonal declines, ongoing manufacturing consolidation, and external risks such as tariffs. CFO Grant Brown discussed potential tariff impacts, stating, "In the June quarter, we've got about $1 million there, or less than that, and it represents a historical run rate, plus some new tariffs that are relevant in the quarter." The leadership team emphasized its focus on operational efficiency and margin expansion initiatives, while remaining cautious about the unpredictable global trade environment. Qorvo's first quarter financial performance reflected momentum in defense and aerospace, key content wins in mobile, and ongoing portfolio optimization. Management discussed improvements from manufacturing consolidation and portfolio adjustments, as well as tailwinds from elevated global defense spending. Mobile content expansion: Qorvo achieved notable design wins with its largest smartphone customer, including the ramp of an envelope tracking power management chip, which management says positions the company for over 10% year-over-year content growth in the customer's upcoming fall model. Defense and aerospace strength: The High Performance Analog segment posted record revenue in defense and aerospace, driven by demand for radar, satellite communications (SATCOM), and electronic warfare (EW) applications. Management highlighted a $5 billion-plus sales opportunity pipeline in this area. Connectivity and sensors growth: Qorvo's Connectivity & Sensors Group continued to expand its ultra-wideband (UWB) and Wi-Fi product lines, with progress in automotive and consumer applications. The automotive UWB sales funnel exceeded $2 billion, reflecting growing traction in secure keyless entry and in-cabin sensing. Manufacturing footprint consolidation: The company is closing its Costa Rica facility and relocating production to Asia, aiming to reduce costs and align capacity with customer locations. Management expects these actions to support gross margin improvements going forward. Portfolio streamlining: Qorvo exited lower-margin Android programs and divested its silicon carbide business, reallocating resources to higher-margin, differentiated products and segments. These moves are expected to reduce revenue volatility and improve profitability. Management's outlook for the next quarter and year is shaped by seasonal demand cycles, ongoing cost control measures, and external uncertainties like tariffs and macroeconomic conditions. Mobile segment seasonality: Qorvo expects a seasonal slowdown with its largest customer in the June quarter, but anticipates content growth in premium smartphone launches later in the year, which could offset some of the cyclicality. Defense and connectivity diversification: The company is prioritizing expansion in defense, aerospace, and automotive connectivity, projecting double-digit growth in both the High Performance Analog and Connectivity & Sensors segments, which are less tied to consumer cycles. Tariff and trade risks: Management remains cautious regarding new and evolving tariffs, highlighting that direct impacts are currently modest but could increase if international trade policies shift. The company is implementing supply chain flexibility and mitigation strategies to manage these risks. Thomas O'Malley (Barclays): Asked about the drivers of content growth with the largest smartphone customer and potential pricing pressure. Management explained gains were broad-based across product types, with premium content wins offsetting mass-tier declines. Harsh Kumar (Piper Sandler): Sought clarification on whether recent revenue included pull-forwards due to tariffs. CEO Bob Bruggeworth and CFO Grant Brown said any activity was modest and typical for a new phone launch, with no abnormal demand shifts observed. Chris Caso (Wolf Research): Inquired about the company's assumptions and mitigation strategies regarding tariffs. Grant Brown provided a detailed breakdown of tariff exposure and emphasized supply chain flexibility to limit direct impacts. Karl Ackerman (BNP Paribas): Asked if content growth with the largest customer was limited to internal basebands or also included third-party models. Management confirmed that content gains were achieved across both internal and third-party platforms. Srini Pajjuri (Raymond James): Requested detail on the defense and aerospace business's run rate and growth drivers. Philip Chesley, segment president, cited a $400 million current run rate, broad-based demand across radar, EW, and SATCOM applications, and significant opportunities in U.S. and European defense markets. In the coming quarters, the StockStory team will be watching (1) execution on content expansion with Qorvo's largest smartphone and Android customers, especially in upcoming premium device launches; (2) realization of expected margin improvements from manufacturing consolidation and portfolio streamlining; and (3) continued double-digit growth in defense, aerospace, and automotive connectivity businesses. Tariff impacts and macroeconomic shifts will also be key factors to monitor. Qorvo currently trades at a forward P/E ratio of 14.1×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Qorvo Q4 Earnings Surpass Estimates, Revenues Decline Y/Y
Qorvo, Inc. QRVO reported strong fourth-quarter fiscal 2025 results, with both adjusted earnings and revenues surpassing the respective Zacks Consensus Estimate. The company reported a revenue contraction year over year due to a net sales drop in the Advanced Cellular Group (ACG) and Connectivity and Sensors Group (CSG) verticals. However, solid demand trends in multiple end markets, including defense, aerospace, power management, WiFi and smartphones, partially cushioned the top-line growth in this quarter. Net Income On a GAAP basis, the company reported a net income of $31.4 million or 33 cents per share compared with $2.7 million or 3 cents per share in the prior-year quarter. Despite lower revenues, GAAP earnings improved largely due to lower operating expenses and an income tax benefit in the reported quarter. Non-GAAP net income was $133.3 million or $1.42 per share compared with $135.5 million or $1.39 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 41 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) For fiscal 2025, Qorvo reported a GAAP net income of $55.6 million or 58 cents per share against a net loss of $70.3 million or a loss of 72 cents per share. Qorvo, Inc. Price, Consensus and EPS Surprise Qorvo, Inc. price-consensus-eps-surprise-chart | Qorvo, Inc. Quote Revenues Net sales during the quarter declined to $869.5 million from $941 million in the prior-year quarter. Despite significant improvement in inventory levels, demand in various end markets has yet to recover fully, which has impeded revenues. Macroeconomic headwinds also impacted the top line. Nevertheless, during the quarter, the company secured major design wins for low-band, mid-high-band, and ultra-high-band paths, as well as mid-high secondary transmit, antenna tuning, discrete filters, and Wi-Fi 7 front-end modules that offer unmatched flexibility in power management and efficiency. The top line beat the Zacks Consensus Estimate of $852 million. For fiscal 2025, total revenues were $3.72 billion compared with $3.77 billion in fiscal 2024. High Performance Analog contributed $187.9 million in revenues compared with $164.6 million in the year-ago quarter, largely driven by record revenues in the defense and aerospace business. Strength was broad-based and included applications such as manned and drone-based airborne radar, space-based radar, Satellite Communications, Electronic Warfare and missile defense systems. The company secured new product orders for several large domestic and international ground-based radar systems. The transition from legacy mechanical systems to active electronics scanning systems is driving growth in the defense and aerospace business. In power management, the company continues to boast a strong presence in the consumer electronics sector. Healthy traction in automotive also cushioned the top line. The growing demand for DOCSIS 4.0 hybrid power doublers is supporting the growth of the infrastructure business. Revenues from CSG were $101.3 million compared with $122.8 million in the year-earlier quarter, missing our estimate of $122.2 million. Net sales in ACG were $580.3 million, down 11.2% year over year, due to seasonal dynamics. However, the top line beat the Zacks Consensus Estimate of $537.8 million. Other Details Non-GAAP gross profit declined to $398.7 million from $400.4 million, with respective margins of 45.9% and 42.5%. Non-GAAP operating expenses declined to $246.8 million from $253.2 million a year ago. Non-GAAP operating income was $151.8 million compared with $147.2 million in the year-ago quarter. Cash Flow & Liquidity As of March 31, 2025, QRVO had $1.02 billion in cash and cash equivalents and $1.55 billion of long-term debt compared with respective tallies of $1.03 billion and $1.55 billion in the prior-year period. The company generated $199.2 million in net cash from operating activities in the quarter, with a free cash flow of $170.7 million. Outlook For first-quarter fiscal 2026, the company expects revenues of $775 million (+/- $25 million). Non-GAAP gross margin is projected to be between 42% and 44%. Non-GAAP earnings per share are likely to be in the range of 50-75 cents. QRVO's Zacks Rank Qorvo currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Upcoming Releases InterDigital IDCC is scheduled to release first-quarter 2025 earnings on May 1. The Zacks Consensus Estimate for earnings is pegged at $2.05 per share, indicating a decline of 42.74% from the year-ago figure. Bandwidth Inc. BAND is scheduled to release first-quarter 2025 earnings on May 7. The Zacks Consensus Estimate for earnings is pegged at 29 cents per share, indicating an improvement of 7.41% from the year-ago figure. Light and Wonder LNW is scheduled to release first-quarter 2025 earnings on May 7. The Zacks Consensus Estimate for earnings is pegged at $1.17 per share, indicating an improvement of 25.81% from the year-ago figure. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report InterDigital, Inc. (IDCC): Free Stock Analysis Report Qorvo, Inc. (QRVO): Free Stock Analysis Report Bandwidth Inc. (BAND): Free Stock Analysis Report Light & Wonder, Inc. (LNW): Free Stock Analysis Report This article originally published on Zacks Investment Research (
