Qorvo (QRVO) Tops Q3 EPS by 42c, Revenues Beat; Offers 4Q EPS/Revenue Guidance
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Qorvo® Announces Fiscal 2021 Third Quarter Financial Results
February 3, 2021 4:00 PM ESTGREENSBORO, N.C., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2021 third quarter, ended January 2, 2021.
On a GAAP basis, revenue for Qorvos fiscal 2021 third quarter was $1.1 billion, gross margin was 49.1%, operating income was $299 million and diluted earnings per share was $1.74. On a non-GAAP basis, gross margin was 54.4%, operating income was $401 million and diluted earnings per share was $3.08.
Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered an exceptional... More
