$QRVO (Qorvo, Inc.)

$QRVO {{ '2015-12-11T15:10:22+0000' | timeago}} • SEC

At Oct. 3, 2015, $QRVO had capital commitments of approx. $56.2MM mainly related to projects for increasing manufacturing capacity. In Nov. 2015, the company's Board of Directors authorized up to an additional $128MM in capital expenditures in FY16 to fund various manufacturing-related projects.

$QRVO {{ '2017-05-03T20:43:08+0000' | timeago}} • Announcement

For 1Q18, $QRVO expects non-GAAP revenue to be in the range of $610-650MM. Non-GAAP diluted EPS is expected to be in the range of $0.70-0.90.

$QRVO {{ '2017-05-03T20:42:15+0000' | timeago}} • Announcement

Chipmaker $QRVO reported 4Q17 net income of $55.9MM, or $0.43 per share, compared to net loss of $24.2MM, or $0.18 per share during 4Q16. Revenue rose 5.7% YoY to $643MM. Excluding items, $QRVO earned $0.85 per share.

$QRVO {{ '2017-02-02T00:04:28+0000' | timeago}} • Webcast

$QRVO expects CapEx for FY17 to total around $500MM, down from earlier estimates. CapEx to remain elevated in FY18, but is expected to be down from previous estimate to around $400MM. For FY18, $QRVO expects double-digit YoY revenue growth, driven by continued broad-based growth in IDP and increasing demand for its mobile products.

$QRVO {{ '2017-02-01T21:21:13+0000' | timeago}} • Announcement

$QRVO expects 4Q17 revenue of $610-650MM, gross margin of about 46%, tax rate of about 8% and EPS of $0.70-0.80. The company currently believes the demand environment in its end markets supports this non-GAAP expectations for 4Q17.

$QRVO {{ '2017-02-01T21:20:48+0000' | timeago}} • Announcement

Chipmaker $QRVO reported a wider 3Q17 loss due to income tax expenses as well as higher costs and expenses. Net loss widened to to $78.64MM or $0.62 per share from $11.13MM or $0.08 per share last year. Revenue grew to $826.35MM from $620.68MM. Non-GAAP EPS increased to $1.35 from $1.03.

$QRVO {{ '2016-12-23T12:10:43+0000' | timeago}} • Announcement

$QRVO said it elected Susan L. Spradley to its BoD, effective Jan. 1, 2017. Ms. Spradley will also join the Board's governance and nominating committee.

$QRVO {{ '2016-11-04T15:26:10+0000' | timeago}} • Webcast

$QRVO, which managed to offset a rise in expenses with revenue growth to post higher profit in 2Q17, said it expects opex to remain near 20% of sales in 3Q17. "CapEx will remain elevated through the rest of the year, as we invest in premium filter capacity to support forecasted customer demand," the company said on a conference call with analysts.

$QRVO {{ '2016-11-04T14:36:01+0000' | timeago}} • Announcement

$QRVO's BoD authorized repurchase of up to $500MM of its outstanding common stock. The new repurchase program includes about $159MM authorized on prior program that was set to expire on Nov. 4, 2016.

$QRVO {{ '2016-11-03T21:43:31+0000' | timeago}} • Announcement

$QRVO expects 3Q17 revenue of $800-840MM and EPS of $1.15-1.35. The company projects sequential gross margin expansion of 100-200 basis points and tax rate of about 8%. $QRVO believes demand environment in its end markets supports non-GAAP expectations for 3Q17. Also, BoD authorized $500MM share repurchase program.

$QRVO {{ '2016-11-03T21:40:17+0000' | timeago}} • Announcement

Chipmaker $QRVO reported a rise in 2Q17 earnings driven by higher revenue, despite a rise in costs and expenses. Net income rose to $11.85MM or $0.09 per share from $4.45MM or $0.03 per share last year. Revenue grew to $864.7MM from $708.34MM. Non-GAAP EPS increased to $1.29 from $1.22.

$QRVO {{ '2016-08-04T18:40:05+0000' | timeago}} • Announcement

$QRVO said its shareholders approved all proposals during 2016 annual meeting. Proposals include: election of 10 directors to serve 1-year term, approved the compensation of named executive officers, reapproved cash bonus plan and ratified appointment of KPMG LLP as its independent registered public accounting firm for FY17.

$QRVO {{ '2016-08-02T22:42:04+0000' | timeago}} • Webcast

Craig Hettenbach of Morgan Stanley asks how $QRVO wants to use the cash. CEO Robert Bruggerworth said that the company expects to continue buying back shares under the $1Bil authorization program and it expects to buy back steadily. He added that $QRVO will look for acquisition opportunities that would fit well with the company.

$QRVO {{ '2016-08-02T22:28:41+0000' | timeago}} • Webcast

Atif Malik of Citigroup asks about FY17 CapEx expectations. $QRVO CFO Mark Murphy said that CapEx expectation is going to be about 15% of sales for the year if the company maintains the pace of the spending. He added that $QRVO will slow down the spending if it doesn't have the clarity.

$QRVO {{ '2016-08-02T22:11:11+0000' | timeago}} • Webcast

Harsh Kumar of Stephens asks whether $QRVO expects most of the growth from mobile in September quarter. CEO Robert Bruggerworth agreed with him and said that the company expects most of the growth from mobile with some growth in IDP division.

$QRVO {{ '2016-08-02T22:03:56+0000' | timeago}} • Webcast

$QRVO said that OpEx increased in 1Q17 on higher R&D expenses, higher variable compensation expenses and the addition of Greenpeak acquisition. $QRVO expects OpEx to trend down through 2H17 and projects CapEx to remain elevated as it aligns capacity additions with stronger customer demand for premium filters and integrated modules.

$QRVO {{ '2016-08-02T21:57:12+0000' | timeago}} • Webcast

In 1Q17, $QRVO had three 10% customers, the largest at approx. 29% of revenue, representing the aggregated demand of multiple subcontractors for this end customer. The other 10% customers during the quarter were Samsung and Huawei.

$QRVO {{ '2016-08-02T21:39:48+0000' | timeago}} • Webcast

$QRVO said that in 1Q17, mobile product revenue was approx. flat year-over-year. Across all of the mobile products, customer order activity strengthened throughout 1Q17 with many orders placed well within lead times, the company said. $QRVO expects the acquisition of GreenPeak Technologies to be accretive by the end of 2016.

$QRVO {{ '2016-08-02T21:26:48+0000' | timeago}} • Webcast

$QRVO said that its 1Q17 revenue was above the quarterly guidance provided on May 4, reflecting strength in mobile in China, a large customer smartphone ramp, and growth in IDP division's broad markets. During 1Q17, customer demand was stronger than expected, the company said.

$QRVO {{ '2016-08-02T20:31:22+0000' | timeago}} • Announcement

$QRVO expects 2Q17 revenues of $820-850MM and EPS of about $1.35-1.45. The company anticipates gross margin of about 47% for 2Q17. Tax rate is expected to be about 10%. CEO Bob Bruggeworth said $QRVO continues to see strong demand in 2Q17 in support of this year's most popular devices.

$QRVO {{ '2016-08-02T20:28:11+0000' | timeago}} • Announcement

Chipmaker $QRVO reported a 1Q17 loss of $5.68MM or $0.04 per share compared to a profit of $2.04MM or $0.01 per share last year, due to higher interest expenses as well as a rise in total costs and expenses. Revenue rose to $698.54MM from $673.64MM. Non-GAAP EPS declined to $1.08 from $1.09.

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