The following is a summary of the Qorvo, Inc. (QRVO) Q3 2025 Earnings Call Transcript:
Financial Performance:
Qorvo reported a favorable performance with Q3 revenue of $916 million and non-GAAP diluted EPS of $1.61, showing improvement in gross margin to 46.5%.
They achieved operating cash flow of $214 million, with free cash flow of $176 million.
Business Progress:
Qorvo is experiencing sequential growth in defense and aerospace, industrial and enterprise, and infrastructure segments.
Specific advancements include engagements with tier-1 manufacturers in Ultra-Wideband and WiFi 7, and significant design wins in automotive Ultra-Wideband products.
Opportunities:
Qorvo plans expansion in defense and aerospace supported by upgrades to non-terrestrial networks and transitions in radar systems.
In automotive, there is potential growth from a broad set of new content from automotive-grade Ultra-Wideband products.
Risks:
Projected revenue declines in Android 5G in ACG by approximately $150 million to $200 million annually in fiscal '26 and '27 primarily in China, affecting overall growth rates.
More details: Qorvo IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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