Qorvo® to Webcast Investor Day Presentation on Wednesday, May 23, 2018 PDF Version GREENSBORO, N.C. , May 16, 2018 (GLOBE NEWSWIRE) -- 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. ET to approximately 11:30 a.m. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo's indebtedness by reflecting cash and investments that could be used to repay debt. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. NASDAQ data is at least 15 minutes delayed. ZacksTrade and Zacks.com are separate companies. 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. 15 out of 18 analysts are calling these shares a buy today with no sell ratings. 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. 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. Free cash flow. Qorvo is the IBD Stock Of The Day as the wireless chipmaker benefits from the launch of Apple's iPhone 12 and other 5G smartphones.Meanwhile, Qorvo stock … We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. GREENSBORO, N.C., July 29, 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 first quarter, ended June 27, 2020. We use free cash flow as a supplemental financial measure in our evaluation of liquidity and financial strength. ET. 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. QRVO's stochastic dip indicates that this could be an opportunity to jump into these shares before they jump back up to new highs. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. NYSE and AMEX data is at least 20 minutes delayed. 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. 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. We are operating well, focused on keeping our employees, partners and communities healthy, while supporting customers and advancing technology. If you wish to go to ZacksTrade, click OK. ET today to discuss today’s press release. 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. Get the latest price and volume on Qorvo Inc in IBD stock charts. 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. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We are only at the dawn of the 5G revolution. From the period between 2010 and 2020, Qorvo, Return on Investment regression line of its data series had standard deviation of 2.83 and standard deviation of 2.83. Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. The question is, which sectors will soar for each candidate? Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. Qorvo will conduct a conference call at 5:00 p.m. Net debt or positive net cash. 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. Our investment research resources are provided to help you make informed investment decisions. Visit www.qorvo.com to learn how Qorvo connects the world. See the report's 7 new picks today, absolutely FREE. 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. 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. Similarly, we believe that presentation of non-GAAP gross profit and gross margin and other non-GAAP financial measures that exclude the impact of stock-based compensation expense assists management and investors in evaluating the period-over-period performance of Qorvo's ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of Qorvo during the period in which the expense is incurred and generally are outside the control of management. QRVO is a stock for your portfolio of the future. Visit performance for information about the performance numbers displayed above. Non-GAAP ROIC is calculated by dividing annualized non-GAAP operating income, net of an adjustment for income taxes (as described above), by average invested capital. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Qorvo Return on Investment yearly trend continues to be quite stable with very little volatility. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 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. 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. We believe that restructuring related charges, acquisition and integration related costs, (gain) loss on assets, asset impairment and accelerated depreciation, start-up 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. 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. Non-GAAP operating income and operating margin exclude 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 and certain non-cash expenses. Right now, QRVO is teetering in oversold territory. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. Today's conference is being recorded. Investor Day 2020 - Darren Moorcroft Darren Moorcroft, chief executive of the Woodland Trust, the UK’s largest woodland nature conservation charity, explains the importance of woodland for biodiversity to thrive, and how important it is for people to reconnect with nature. Qorvo® Announces Fiscal 2021 First Quarter Financial Results. (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures. 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%. Visit www.zacksdata.com to get our data and content for your mobile app or website. In its last earnings report on July 29, 2020, Qorvo reported EPS of $1.5 versus consensus estimate of $1.13. 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. Qorvo is a radio frequency (RF) technology leader: the driving force behind the internet of things (IoT) and the 5G revolution. "We see Qorvo as a strong beneficiary from the 5G handset ramp beginning in the second half of 2020 and continuing for several more years," Kumar said in a note to clients. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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.”. The global pandemic has forced society online, and today we are more connected than ever before through the world wide web. Qorvo stock has risen as the chipmaker has forecast an improving business for the second half of 2020 thanks to 5G wireless adoption. 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. Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. If you do not, click Cancel. Qorvo Inc. (QRVO) has a 20-day trading average at $111.11 and the current price is -7.96% off the 52-week high compared with 66.75% distance from its 52-week low. To explode over the next 30 days, equally-weighted average return of all Zacks Rank stocks included in Zacks portfolios! 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