NASDAQ$QRVO

Qorvo Inc. · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Qorvo's revenue grew year-over-year and exceeded revenue guidance, while integrating Anokiwave and transitioning Beijing and Dezhou operations.

Qorvo announced its fiscal 2025 first quarter financial results, with revenue of $887 million, a 36% increase year-over-year. The company exceeded its revenue guidance by $37 million and fully integrated Anokiwave into Qorvo.

  • Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 million
  • Transitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo
  • Exceeded the mid-point of June quarterly guidance for revenue, gross margin and EPS.
  • Expect sequential increases in revenue, gross margin and EPS for the September quarter.

Headline financials

Total Revenue

$887M

Previous: $651M+36.2%
EPS

$0.00

Previous: $0.34-100.0%
Gross Margin

37.5%

Previous: 35.2%+6.5%
Non-GAAP Gross Margin

40.9%

Previous: 42.9%-4.7%
Operating Income Margin

0.5%

No prior period
Capital Expenditures

-$38.2M

Previous: -$39.5M+3.1%
Free Cash Flow

-$37.8M

Previous: -$83M+54.5%
Net Income

$414K

Previous: -$43.6M+100.9%
Operating Income

$4.61M

Previous: -$48.1M+109.6%
Gross Profit

$332M

Previous: $229M+45.1%
Cash & Equivalents

$1.08B

Previous: $744M+45.4%
Total Assets

$6.45B

Previous: $6.69B-3.6%
R&D Expense

$188M

No prior period

Revenue & EPS history

Qorvo · Revenue · Quarterly

$887M

Q1 2025+36.2%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Qorvo’s current outlook for the September 2024 quarter is: Quarterly revenue of approximately $1.025 billion, plus or minus $25 million, Non-GAAP gross margin between 46% and 47%, Non-GAAP diluted earnings per share between $1.75 and $1.95

Tailwinds

  • Expect sequential increases in revenue
  • Expect sequential increases in gross margin
  • Expect sequential increases in EPS

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.0%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

42%

21 / 50 earnings

Positive

+21.8%

Q2 2020

Best reaction

-27.1%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.8%-3.1%+2.0%
Q3 2026-6.8%+2.1%+7.4%
Q2 2026-6.5%-8.2%-4.9%
Q4 2025+14.4%+12.9%+21.3%
Q3 2025+0.3%-4.8%-15.3%
Q2 2025-27.1%-28.3%-31.8%
Q1 2025-2.2%-11.9%-7.0%
Q4 2024-18.1%-17.7%-15.8%
Q3 2024+5.5%+7.1%+19.3%
Q2 2024-2.2%+0.8%+11.4%
Q1 2024-4.0%-3.2%-1.6%
Q4 2023+0.6%+0.8%+4.9%
Q3 2023-1.6%-5.9%-5.5%
Q2 2023-4.4%+1.8%+12.3%
Q1 2023+5.5%+3.4%-12.5%
Q4 2022-9.4%-14.4%-9.2%
Q3 2022-7.4%-7.5%-6.7%
Q2 2022-10.2%-7.4%-12.9%
Q1 2022-0.2%-0.8%-5.0%
Q4 2021+1.2%-6.0%+1.3%
Q3 2021-6.5%-4.8%-4.4%
Q2 2021+14.2%+16.4%+28.7%
Q1 2021+13.5%+17.6%+14.0%
Q4 2020+4.8%+2.4%+17.7%
Q3 2020-1.6%-5.3%-11.4%
Q2 2020+21.8%+26.9%+30.5%
Q1 2020-3.3%-4.3%-2.5%
Q4 2019+2.5%+1.0%-14.6%
Q3 2019-6.0%-5.0%-0.1%
Q2 2019+10.6%-2.3%-7.2%
Q1 2019+3.2%+4.2%-2.0%
Q4 2018+6.9%+10.9%+13.9%
Q3 2018+17.9%+6.9%+14.8%
Q2 2018-2.0%+3.5%-2.1%
Q1 2018-1.7%+1.1%+7.6%
Q4 2017-1.9%-3.9%+15.5%
Q3 2017-1.3%+0.2%+3.1%
Q2 2017-8.9%-9.1%-9.8%
Q1 2017-13.2%-13.3%-9.0%
Q4 2016+3.6%
Q3 2016+0.5%
Q2 2016+19.3%
Q1 2016-14.5%
Q4 2013-0.2%
Q2 2014-0.2%
Q1 2014-0.2%
Q4 2015+12.7%
Q4 2014-0.6%
Q3 2014-0.6%
Q3 2015+2.7%
Q2 2015
Q1 2015
Q3 2013
Q2 2013

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