Communications chips maker Qorvo (NASDAQ: QRVO) announced better-than-expected revenue in Q1 CY2025, but sales fell by 7.6% year on year to $869.5 million. The company expects next quarter’s revenue to be around $775 million, close to analysts’ estimates. Its non-GAAP profit of $1.42 per share was 41.3% above analysts’ consensus estimates.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Shares of communications chips maker Qorvo (NASDAQ: QRVO)
jumped 11.4% in the pre-market session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue, EPS, and adjusted operating income expectations. In addition, its full-year revenue guidance topped Wall Street's estimates. Revenue declined 7.6% compared to the same period last year. Still, performance was better than expected thanks to gains in its High-Performance Analog segment and stable demand from its largest customer in mobile. On the other hand, its inventory levels increased. Still, we think this was a good quarter with some key areas of upside.
Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 7.6% year on year to $869.5 million. Guidance for next quarter’s revenue was optimistic at $775 million at the midpoint, 2.4% above analysts’ estimates. Its non-GAAP profit of $1.42 per share was 41.6% above analysts’ consensus estimates.
QRVO stock rebounds, but still down 46% in 12 months. Hedge fund Starboard adds 7.76% stake. Technicals bearish, but activist investor may shake things up.
Qorvo has gotten torched over the last six months - since October 2024, its stock price has dropped 41.7% to $59.21 per share. This might have investors contemplating their next move.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the processors and graphics chips industry, including Nvidia (NASDAQ:NVDA) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Intel (NASDAQ:INTC) and the rest of the processors and graphics chips stocks fared in Q4.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Allegro MicroSystems (NASDAQ:ALGM) and the rest of the processors and graphics chips stocks fared in Q4.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the processors and graphics chips industry, including Qorvo (NASDAQ:QRVO) and its peers.
Apple Inc (NASDAQ: AAPL) commits $500 billion for AI, data centers, and Apple TV+ productions in the U.S. Plans to hire 20,000 people for R&D and silicon engineering.
