Visit performance for information about the performance numbers displayed above. The playback will be available through the close of business May 14, 2020. GREENSBORO, N.C., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, will host a … If you do not, click Cancel. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions resulting from natural disasters, extreme weather conditions and public health issues, including the outbreak of COVID-19; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ET today to discuss today’s press release. We believe disclosure of these non-GAAP operating expenses has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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 6708971. QRVO is a stock for your portfolio of the future. In addition, management relies upon these non-GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and other operating expenses. Have You Seen Zacks’ 2020 Election Stock Report?The upcoming election could be a massive buying opportunity for savvy investors. 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. Recent stocks from this report have soared up to +178.7% in 3 months. Qorvo stock is nearing a buy point. For Immediate Release Chicago, IL – November 2, 2020 – Zacks Equity Research highlights Qorvo QRVO as the Bull of the Day and Nikola NKLA as the Bear of the Day. Net debt or positive net cash. Qorvo is a radio frequency (RF) technology leader: the driving force behind the internet of things (IoT) and the 5G revolution. At this time, I would like to turn the conference over to … (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures. This includes personalizing content and advertising. Non-GAAP operating income and operating margin. GREENSBORO, N.C., May 07, 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 2020 fourth quarter, ended March 28, 2020. Check out Zacks’ 2020 Election Stock Report >>. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. To learn more, click here. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. GREENSBORO, N.C., May 07, 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 2020 fourth quarter, ended March 28, 2020. Stock Market Ends Year On Positive Note As Nasdaq Notches Huge 2020 Gain; Apple, Tesla Were 2020 Stars The major stock indexes ended higher Thursday, as the stock market closed out 2020 on a positive note. Qorvo (QRVO) and four other stocks are well poised to make the most of 5G boom amid solid demand for 5G chipsets courtesy of 5G smartphone production ramp up and rise in 5G infrastructure investments. Qorvo (QRVO Quick Quote QRVO - Free Report) is set to release second-quarter fiscal 2021 results on Nov 4.. Qorvo stock is approaching a buy point from a bullish chart pattern. QORVO, INC. AND SUBSIDIARIESADDITIONAL SELECTED NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS(In thousands)(Unaudited), QORVO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited), At Qorvo®Doug DeLietoVP, Investor Relations1.336.678.7968, Qorvo® Announces Fiscal 2020 Fourth Quarter Financial Results, Weighted average outstanding diluted shares, Acquisition and integration related costs, Asset impairment and accelerated depreciation, (Gain) loss on assets, start-up costs and other non-cash expenses, GAAP weighted average outstanding diluted shares, Non-GAAP weighted average outstanding diluted shares, Net cash provided by operating activities, Non-GAAP research and development expense, GAAP selling, general and administrative expense, Non-GAAP selling, general and administrative expense, Total liabilities and stockholders’ equity, Enabled sub-6 GHz 5G network deployments with the ramp of GaN power amplifiers and small signal solutions, Accelerated Wi-Fi 6 shipments and secured cable amplifier design wins to support increased data to the home, Enjoyed growth in data centers, computing and gaming consoles with differentiated programmable power management solutions, Sampled broadband 100-watt (27-31 GHz) and 130-watt (32-38 GHz) millimeter wave power amplifiers, expanding portfolio of GaN-based solid state amplifiers for defense applications, Supported the Samsung® Galaxy S20 platform with a broad set of high performance and highly integrated advanced 4G and 5G components, Supplied a leading smartphone manufacturer with complete main path (LB, MHB and UHB integrated solutions) as well as Wi-Fi FEM, switches and tuners for flagship 5G smartphone, Expanded position in UHB solutions at leading Android smartphone manufacturers and across all 5G chipset solutions, Completed the acquisition of Custom MMIC, expanding leadership in GaAs and GaN RF solutions for defense and aerospace applications, Completed the acquisition of Decawave, positioning, Introduced high sensitivity point-of-care diagnostic test platform, utilizing acoustic resonator technology, for veterinary applications, Non-GAAP gross margin of approximately 47.5%. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Good day, and welcome to the Qorvo, Inc. second-quarter 2020 conference call. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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, (gain) loss on assets, asset impairment and accelerated depreciation, start-up costs, certain non-cash expenses, gain on consolidation of investment, impairment on investment, loss on debt extinguishment, other expense (income) and also reflect an adjustment of income taxes. In its last earnings report on July 29, 2020, Qorvo reported EPS of $1.5 versus consensus estimate of $1.13. GREENSBORO, N.C., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect … Management believes that this measure is useful as an indicator of our ability to service our debt, meet other payment obligations and make strategic investments. The monthly returns are then compounded to arrive at the annual return. The recent pre-election jitters and the uptick in COVID cases have brought the whole market down a notch in the past few weeks, and QRVO was no exception to this trend. November 02, 2020. Qorvo® Announces Fiscal 2021 First Quarter Financial Results. All other trademarks are the property of their respective owners. Non-GAAP gross profit and gross margin exclude stock-based compensation expense, amortization of intangible assets, accelerated depreciation, restructuring related charges and certain non-cash expenses. Qorvo Stock Price Forecast, QRVO stock price prediction. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question. This year’s picks could be even more lucrative. Wall Street Bets: Making Waves or Creating Bubbles. Our rationale for using these non-GAAP financial measures, as well as their impact on the presentation of Qorvo's operations, are outlined below: Non-GAAP gross profit and gross margin. 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. See the report's 7 new picks today, absolutely FREE. 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 is the IBD Stock Of The Day as the wireless chipmaker is seen getting a lift from 5G smartphone sales. Analysts’ Opinion on Qorvo, Inc. (NASDAQ:QRVO) Many brokerage firms have already submitted their reports for QRVO stocks, with Oppenheimer repeating the rating for QRVO shares by setting it to “Outperform”. Qorvo (QRVO Quick QuoteQRVO - Free Report) is a chip powerhouse striving to digitally connect the world. Our earnings release contains forward-looking gross margin, income tax rate and diluted earnings per share. Forward-looking non-GAAP measures. GREENSBORO, N.C., July 15, 2020 -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal. 1Excludes stock-based compensation, amortization of intangibles, restructuring related charges, acquisition and integration related costs, start-up costs, asset impairment and accelerated depreciation, (gain) loss on assets, loss on debt extinguishment, gain on consolidation of investment, impairment on investment, other expense (income) and an adjustment of income taxes. 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. Qorvo (QRVO) closed at $158.33 in the latest trading session, marking a -1.28% move from the prior day. Trillions of dollars will shift into new market sectors after the election. We are only at the dawn of the 5G revolution. GREENSBORO, NC – January 29, 2020 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2020 third quarter, ended December 28, 2019. EBITDA. On a GAAP basis, revenue for Qorvo’s fiscal 2020 fourth quarter was $788 million, gross margin was 42.6%, operating income was $102 million and diluted earnings per share was $0.43. NYSE and AMEX data is at least 20 minutes delayed. Also, we believe that non-GAAP financial measures provide useful supplemental information to investors and enable investors to analyze the results of operations in the same way as management. Do the numbers hold clues to what lies ahead for the stock? GREENSBORO, NC – May 16, 2018 – Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, will host an Investor Day on Wednesday, May 23, 2018 in New York City from approximately 8:30 a.m. Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. NASDAQ data is at least 15 minutes delayed. Analysts project that this "landmark" smartphone will sell 50 million units in the final months of 2020, with this figure expected to multiply in 2021. 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). Non-GAAP net income and non-GAAP net income per diluted share. But remember the old Warren Buffett proverb, "be greedy when others are fearful.". We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. While our June quarter guidance reflects the ongoing demand and supply effects of COVID-19, we are encouraged by continued growth in 5G handsets and infrastructure, and we remain confident in the long-term growth drivers of our business.”. Management was very optimistic in its last earnings report 3 months ago, increasing its mid-point revenue guidance for its September quarterly report from $940 million to $1.015 billion and a 13% EPS increase to $2.14. Qorvo is the IBD Stock Of The Day as the wireless chipmaker is seen gaining from the 5G cellular transition. These returns cover a period from January 1, 1988 through January 4, 2021. 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. The value of Return on Investment is projected to decrease to 4.63. Qorvo is well-positioned to heavily profit from this exciting industry’s rapid growth. 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 … Each of these non-GAAP financial measures is either adjusted from GAAP results to exclude certain expenses or derived from multiple GAAP measures, which are outlined in the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables, attached, and the "Additional Selected Non-GAAP Financial Measures and Reconciliations” tables, attached. Qorvo (QRVO) delivered earnings and revenue surprises of 32.74% and 7.81%, respectively, for the quarter ended June 2020. However, I am confident that this RF chip powerhouse will play a critical role in the budding 5G Revolution. The conference call will be broadcast live over the Internet and can be accessed by any interested party at http://www.qorvo.com (under “Investors”). ET . Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. Non-GAAP research and development and selling, general and administrative expenses. The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. Zacks has a proven record of recommending stocks with significant upside potential. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Real time prices by BATS. GREENSBORO, NC – November 4, 2020 – 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. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. Daniel Laboe In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. 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