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.
- Strong growth going forward might be expected.
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For further details see:
Qorvo: Report Yields A Clearer Picture For The Company And Mobile Devices (Rating Downgrade)