Qorvo (NASDAQ:QRVO) Q3: Beats On Revenue, Inventory Levels Improve
Update: 2025-11-03
Description
Qorvo, a leading chipmaker, reported a 1.1% year-over-year revenue increase to $1.06 billion in Q3, surpassing analyst expectations. Profit per share was 5% higher than anticipated at $2.22. Despite a cautious profit outlook for the next quarter, Qorvo's solid performance and growth in key segments kept investors optimistic. The company's technology powers popular devices and it's reorganizing business units to boost profits and tap into growing markets. Qorvo's operating margin surged to nearly 15% and inventory turnover improved, but free cash flow decreased. With demand for advanced chips rising, Qorvo expects growth and stronger margins into the end of the year.
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