Qorvo Inc
QRVO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !>N | LOCK|Sn | LOCK|h%sD$J |
Qorvo Earnings: Strong Revenue Guidance With Content Gains at Apple; Shares Fairly Valued
Qorvo reported fiscal first-quarter revenue that was down 6% sequentially and down 8% year over year but above the high end of guidance. Qorvo expects September-quarter revenue to be down only 2% year over year, up 25% sequentially, and ahead of FactSet consensus estimates.
