Qorvo, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 30, 2023
January 31, 2024 at 04:07 pm EST
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Qorvo, Inc. reported earnings results for the third quarter and nine months ended December 30, 2023. For the third quarter, the company reported sales was USD 1,073.86 million compared to USD 743.28 million a year ago. Net loss was USD 126.94 million compared to USD 15.93 million a year ago. Diluted loss per share from continuing operations was USD 1.31 compared to USD 0.16 a year ago.
For the nine months, sales was USD 2,828.52 million compared to USD 2,936.7 million a year ago. Net loss was USD 73.06 million compared to net income of USD 241.57 million a year ago. Diluted loss per share from continuing operations was USD 0.75 compared to diluted earnings per share from continuing operations of USD 2.33 a year ago.
Qorvo, Inc. specializes in the design, production and marketing of radio-frequency components and solutions. In particular, the group makes power amplifiers, embedded modules, selector switches, duplexers, power management devices, wireless connection solutions, frequency convertors, oscillators, couplers and optical components.
Net sales break down by activity as follows:
- mobile terminals and electronic devices (76.3%);
- defense and aeronautics equipment, network infrastructures (23.7%).
At the end of March 2022, the group had 7 production sites located in the United States (3), China (2), Costa Rica and Germany.
Net sales break down geographically as follows: the United States (41.5%), China (32.3%), Taiwan (7.4%), Asia (13.4%) and Europe (5.4%).
QORVO, INC. 
