Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 48.7% year on year to $941 million. On the other hand, next quarter's revenue guidance of $850 million was less impressive, coming in 8% below analysts' estimates. It made a non-GAAP profit of $1.39 per share, improving from its profit of $0.26 per share in the same quarter last year.
Communications chips maker Qorvo (NASDAQ: QRVO) announced better-than-expected results in Q3 FY2024, with revenue up 44.5% year on year to $1.07 billion. Guidance for next quarter's revenue was also better than expected at $925 million at the midpoint, 1.2% above analysts' estimates. It made a non-GAAP profit of $2.10 per share, improving from its profit of $0.75 per share in the same quarter last year.
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