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QRVO - Qorvo: Report Yields A Clearer Picture For The Company And Mobile Devices (Rating Downgrade)
Qorvo Inc.
2024-05-07 07:51:56 ET
Summary
Qorvo reported solid March quarter results but missed analysts' expectations for the June quarter by 6%, causing the stock to decline.
The company saw growth in its defense and aerospace business, driven by the acquisition of Anokiwave and design wins in radar and SATCOM applications.
Qorvo is leveraging its RF power management portfolio and expertise to address power management opportunities in mobile devices and reduce current consumption.