qorvo news releases

1Excludes stock-based compensation expense, amortization of intangible assets, restructuring related charges, acquisition and integration related costs, accelerated depreciation, loss (gain) on assets, start-up costs, gain (loss) on investments, other (income) expense and an adjustment of income taxes. Our newsroom offers links to Qorvo news releases, media contacts, our upcoming event schedule and other media resources. X. GREENSBORO, NC — October 7, 2019 — Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it has acquired Cavendish Kinetics, Inc., the world's leading provider of high-performance RF MEMS technology for antenna tuning applications. News Headlines for Qorvo Inc. Tuesday, Jan 05, 2021. Forward-looking non-GAAP measures. The MarketWatch News Department was not involved in the creation of this content. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. Net debt or positive net cash. The AP news staff was not involved in its creation. We believe that acquisition and integration related costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, restructuring related charges, acquisition and integration related costs, loss (gain) on assets, accelerated depreciation, start-up costs, certain non-cash expenses, (gain) loss on investments, other (income) expense and also reflect an adjustment of income taxes. We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin gives management and investors a more effective means of evaluating Qorvo's historical performance and projected costs and the potential for realizing cost efficiencies. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Qorvo’s Wi … Non-GAAP ROIC. We believe that presentation of measures of these operating expenses that exclude amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. Here’s what’s in store for Marvell Technology, Qualcomm and other semiconductor companies this year MarketWatch. Qorvo — The semiconductor company's stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo® Announces Fiscal 2021 First Quarter Financial Results. Qorvo® to Present at Wells Fargo TMT Virtual Summit. CES: Qorvo releases to new Wi-Fi 6E compact FEMs A perhaps lesser known but no less performance-critical component of new 6 GHz Wi-Fi systems is the front end module or ‘FEM’ – and today at CES, market-leader Qorvo released their bid for dominance of the quickly expanding 6 GHz Wi-Fi FEM component market. GREENSBORO, N.C., Jan. 12, 2021 — Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules (FEMs) designed to maximize throughput and range in high-bandwidth applications such as 8K video streaming, online gaming and virtual reality. Get the latest Qorvo, Inc. (QRVO) stock news and headlines to help you in your trading and investing decisions. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo delivered an exceptional June quarter, with revenue and EPS well above guidance. GREENSBORO, N.C., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq:QRVO), a leading provider of innovative Radio Frequency (RF) solutions … Coronavirus threatens Apple supply chain, sales; shares drop We … AP NEWS ... Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, acquisition and integration related costs, restructuring related charges, asset impairments and the provision for income taxes. And more gains could come. QORVO, INC. : Press releases relating to QORVO, INC. Investor relations | Nasdaq: QRVO | Nasdaq Press release content from Globe Newswire. GREENSBORO, N.C., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it proposes to offer, subject to market conditions and other factors, $700 million principal amount of senior notes due 2031 (the, GREENSBORO, N.C., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it is updating the financial guidance provided for the company’s fiscal 2021 second quarter in its earnings release and conference, GREENSBORO, N.C., Sept. 01, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Citi's 2020 Global Technology Virtual Conference on Tuesday, September 8, 2020 at, Qorvo® to Present at Barclays Global Technology, Media and Telecommunications Virtual Conference, Qorvo® to Present at Wells Fargo TMT Virtual Summit. Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations. We believe that these non-GAAP financial measures offer an additional view of Qorvo's operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of Qorvo's results of operations and the factors and trends affecting Qorvo's business. GREENSBORO, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules (FEMs) designed to maximize throughput and range in high-bandwidth applications such as 8K video streaming, online gaming and virtual reality. NEWS RELEASE Continued About Qorvo Inc. Qorvo (Nasdaq:QRVO) is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. GREENSBORO, N.C., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company’s fiscal 2021 second quarter, ended October 3, 2020. Press release content from Globe Newswire. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Monday, Dec 28, 2020. QORVO, INC. press releases | Nasdaq: QRVO | Nasdaq. Qorvo’s Richardson TX Plant (source: Qorvo) The official press release from Qorvo highlights many things confirmed in my conversation with White. We believe that presentation of a measure of operating income and operating margin that excludes amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to operations, certain non-cash expenses and stock-based compensation expense, which may obscure trends in Qorvo's underlying performance. Visit www.qorvo.com to learn how Qorvo connects the world. The AP news staff was not involved in its creation. On a GAAP basis, revenue for Qorvo’s fiscal 2021 first quarter was $787 million, gross margin was 41.4%, operating income was $93 million and diluted earnings per share was $0.83. Get the latest QORVO INC.DL -,0001 (2QO.DU) stock news and headlines to help you in your trading and investing decisions. QRVO: Get the latest Qorvo stock price and detailed information including QRVO news, historical charts and realtime prices. Qorvo has conducted preliminary analytical and functional sensitivity testing on its investigational BAW platform as well as feasibility testing for certain initial immunoassay candidates in its other development work. Qorvo, a provider of radio frequency (RF) chips, is well-poised to benefit from the increase in production ramp-up of Apple’s iPhones. Find the latest press releases from Qorvo, Inc. Common Stock (QRVO) at Nasdaq.com. We believe that presentation of measures of net income and net income per diluted share that exclude these items is useful to both management and investors for the reasons described above with respect to non-GAAP gross profit and gross margin and non-GAAP operating income and operating margin. Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo's gross profit and gross margins and other financial measures in comparison to prior periods. Visit You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. GREENSBORO, N.C., Jan. 12, 2021 -- Qorvo® , a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules designed to maximize... | January 12, 2021 Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. Qorvo further provides defense customers with … Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. Home » News » Qorvo Introduces World’s Smallest, 20-Watt ... Vecow Releases DVC-1000 Embedded Vision Camera. GREENSBORO, N.C., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced the completion of its offering of $700 million principal amount of its senior notes maturing in 2031 (the “Notes”). The primary material limitations associated with the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. In managing Qorvo's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. Want to see what’s on the minds of Qorvo experts? Return on invested capital (ROIC) is a non-GAAP financial measure that management believes provides useful supplemental information for management and the investor by measuring the effectiveness of our operations' use of invested capital to generate profits. We use ROIC to track how much value we are creating for our shareholders. QORVO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share data)(Unaudited), QORVO, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES(In thousands, except per share data)(Unaudited), QORVO, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES(Unaudited). On a GAAP basis, revenue for Qorvo’s fiscal 2021. GREENSBORO, N.C., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect … GREENSBORO, N.C., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced the pricing of its offering of $700 million principal amount of its senior notes maturing in 2031 (the “Notes”). On a GAAP basis, revenue for Qorvo’s fiscal 2021 New Release: Qorvo GaN Library 20.4.4: Modelithics, Inc. 9/29/2020 Modelithics Qorvo GaN Library v19.4.1 Now Available! All News Headlines and Company Releases. A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 719-457-0820 and using the passcode 2952909. GREENSBORO, N.C., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Barclays Global Technology, Media and Telecommunications Virtual Conference on. Non-GAAP research and development and selling, general and administrative expenses. Qorvo Acquires Cavendish Kinetics, Inc. GREENSBORO, NC — October 7, 2019 — Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it has acquired Cavendish Kinetics, Inc., the world's leading provider of high-performance RF MEMS technology for antenna tuning applications. TAMPA, FLORIDA & RICHARDSON, TEXAS – December 8, 2014 – Modelithics, Inc., in partnership with TriQuint Semiconductor, has released the latest update to the growing library of high-accuracy non-linear simulation models for TriQuint gallium nitride (GaN) transistors. Qorvo was formed following the merger of RFMD and TriQuint, and has nearly 7,000 global employees dedicated to delivering solutions for everything that connects the world. GREENSBORO, N.C., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it is updating the financial guidance provided for the company’s fiscal 2021 second quarter in … GREENSBORO, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi … GREENSBORO, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect … Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. View the latest Qorvo Inc. (QRVO) stock price, news, historical charts, analyst ratings and financial information from WSJ. 02:41 PM ET. Qorvo Launches First Fully Integrated Automotive eCall Switch with Industry-Leading Reliability and Performance 01/11/2021; Qorvo Introduces World's Smallest 20-Watt Single-Chip Programmable Motor Control and Drive Solution for Brushless DC Motors 01/04/2021; Visit our Press Release Section GREENSBORO, N.C., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Qorvo® … All other trademarks are the property of their respective owners. The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated.
qorvo news releases 2021