Qorvo Reports Q1 Financials, FY24 Sales at $6.9B
Ticker: QRVO · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1604778
Sentiment: neutral
Topics: financial-results, earnings
TL;DR
Qorvo dropped its Q1 earnings, FY24 sales hit $6.9B. Check the numbers.
AI Summary
On July 30, 2024, Qorvo, Inc. filed an 8-K report to announce its financial results for the first fiscal quarter ended March 29, 2024. The company reported net sales of $6.90 billion for the fiscal year ended March 29, 2024. This filing also includes information regarding the company's financial statements and exhibits.
Why It Matters
This filing provides investors with the latest financial performance data for Qorvo, Inc., crucial for assessing the company's current health and future prospects in the semiconductor industry.
Risk Assessment
Risk Level: medium — The filing contains financial results which can lead to stock price volatility based on performance against expectations.
Key Numbers
- $6.90B — FY24 Net Sales (Total net sales for the fiscal year ended March 29, 2024.)
Key Players & Entities
- Qorvo, Inc. (company) — Registrant
- Rocky Holding, Inc. (company) — Former Company Name
- $6.90 billion (dollar_amount) — Net sales for the fiscal year ended March 29, 2024
- March 29, 2024 (date) — Fiscal year end date
- July 30, 2024 (date) — Filing date
FAQ
What specific financial results are being reported in this 8-K?
This 8-K reports on the financial results for the first fiscal quarter ended March 29, 2024, and includes net sales of $6.90 billion for the fiscal year ended March 29, 2024.
What is the exact date of the fiscal year end for Qorvo, Inc.?
The fiscal year end for Qorvo, Inc. is March 29.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on July 30, 2024.
What was Qorvo, Inc.'s former company name?
Qorvo, Inc.'s former company name was Rocky Holding, Inc.
What is the principal executive office address for Qorvo, Inc.?
The principal executive office address for Qorvo, Inc. is 7628 Thorndike Road, Greensboro, North Carolina 27409-9421.
Filing Stats: 422 words · 2 min read · ~1 pages · Grade level 9.8 · Accepted 2024-07-30 16:08:38
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value QRVO The Nasdaq Stock Market
Filing Documents
- rfmd-20240730.htm (8-K) — 22KB
- earningsrelease20240629.htm (EX-99.1) — 273KB
- earningsreleaseimagea17.jpg (GRAPHIC) — 16KB
- rfmd-20240730_g1.jpg (GRAPHIC) — 20KB
- 0001604778-24-000056.txt ( ) — 542KB
- rfmd-20240730.xsd (EX-101.SCH) — 2KB
- rfmd-20240730_def.xml (EX-101.DEF) — 14KB
- rfmd-20240730_lab.xml (EX-101.LAB) — 25KB
- rfmd-20240730_pre.xml (EX-101.PRE) — 15KB
- rfmd-20240730_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 30, 2024, Qorvo, Inc. issued a press release announcing financial results for its fiscal 2025 first quarter ended June 29, 2024. A copy of this press release is furnished as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated July 30, 2024, announcing financial results for Qorvo's fiscal 2025 first quarter ended June 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Qorvo, Inc. By: /s/ Grant A. Brown Grant A. Brown Senior Vice President and Chief Financial Officer Date: July 30, 2024