Qorvo Stock: Report Yields A Clearer Picture For Company And Mobile Devices (NASDAQ:QRVO) | Old North State Wealth News
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Qorvo Stock: Report Yields A Clearer Picture For Company And Mobile Devices (NASDAQ:QRVO)

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Qorvo (NASDAQ:QRVO) reported solid March quarter results but guided according to analysts, light for the June quarter missing numbers by 6% as posted on Yahoo. The stock, like others, tanked. Because of the market reaction, we are downgrading our rating to a hold until the dustGetting Richer with Qorvo,

March Revenue (Millions) Margin Earnings
2024 $941 40.6 $1.39
2023 $633 41.3 $0.26
June 2024 (Guide) $850 41 App. $0.80
June 2023 (Actual) $651 42.9 $0.34

Growth Vectors (Millions) * Last Year’s Apple Win 5G Upgrades New Apple Win (Per $ ASP) Defense Wins Totals (Range)
FS-25 Sift $200 $300 ** $225 > $100 *** $500 – $800 ****

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