Qorvo's Q3: Stable Performance, Strategic Shift
Update: 2025-11-10
Description
Qorvo, a leading chipmaker, reported stable Q3 results with revenue of $1.06 billion, slightly above predictions, and adjusted earnings per share of $2.22, beating estimates by 5.1%. The company is restructuring to focus on higher-value segments, exiting lower-margin Android products, and streamlining operations. Qorvos largest customer saw content growth, and operating margin jumped to 14.9%. Despite a slight miss on Q4 earnings guidance, analysts remain optimistic about the companys growth prospects in defense and aerospace.
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