Qorvo Inc reports results for the quarter ended June 30 - Earnings Summary

Qorvo

29/07/2025 22:02

Qorvo Inc QRVO.OQ reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 87 cents.  The mean expectation of twenty two analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 19 cents to 64 cents per share.

Revenue fell 7.7% to $818.78 million from a year ago; analysts expected $775.56 million.

Qorvo Inc's reported EPS for the quarter was 27 cents​.

The company reported quarterly net income of $25.59 million.

Qorvo Inc shares had fallen by 0.7% this quarter and gained 20.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 18 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is  "buy."

Wall Street's median 12-month price target for Qorvo Inc is $85.00, about 0.8% above its last closing price of $84.32

This summary was machine generated from LSEG data July 29 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.60
0.92
Beat
Mar. 31 2025
1.00
1.42
Beat
Dec. 31 2024
1.20
1.61
Beat
Sep. 30 2024
1.85
1.88
Beat