Qorvo (QRVO) on Monday reported second-quarter net income of $119.6 million or $1.28 per share, compared to a net loss of $17.4 million or $0.18 per share last year.
On a non-GAAP basis, net income was $208.3 million or $2.22, compared to $179.8 million or $1.88 per share last year.
Revenue for the second quarter was $1.06 billion, up 12% from $1.05 billion last year.
Looking forward to the third quarter, the company expects quarterly revenue of about $985 million, plus or minus $50 million, and adjusted earnings per share of $1.85, plus or minus 20 cents.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.