Qorvo's Business Turn Around: A Long And Winding Road
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Qorvo is shifting its focus to premium 5G products, moving away from mid-tier Android markets. This strategic change is expected to impact revenue in the short term but improve long-term margins and growth prospects. The company projects a single-digit decline in ACG revenue for fiscal '26, with growth in CSG and HPA segments. Qorvo's December quarter results exceeded guidance, with $916 million in revenue and $1.61 EPS.
February 13, 2025 | 12:45 pm
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Qorvo is transitioning to premium 5G products, which may impact short-term revenue but is expected to improve long-term margins and growth. The company reported strong December quarter results, exceeding guidance.
Qorvo's strategic shift to focus on premium 5G products is likely to impact short-term revenue negatively due to the abandonment of mid-tier Android markets. However, this move is expected to improve long-term margins and growth prospects, as indicated by management's projections. The company's strong December quarter results, with revenue and EPS exceeding guidance, further support a positive outlook.
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