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Wireless

Qorvo beats guidance with strong rise in Q2 profits

Thursday 5 November 2020 | 13:33 CET | News
Qorvo saw revenues in its second fiscal quarter to 3 October reach USD 1.06 billion, up versus USD 806.7 million a year ago and better than the company's improved guidance. Gross profit grew to USD 491.6 million from USD 323.6 million, and the margin went up to 46.4 percent from 40.1 percent. Operating income nearly doubled, to USD 221.6 million from USD 112.8 million, and adjusted earnings per share totaled USD 2.43, up from USD 1.52 a year ago and also better than forecast. 

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Categories: Mobile & Wireless
Companies: Qorvo
Countries: World
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