I saw the Qorvo logo of the US Semiconductor Corporation on a smartphone and PC screen.
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Stocks of semiconductor suppliers QorvoHope apple Regarding a large number of income, the company warned its “biggest customer” to sell smoothly, which was caught in an extended transaction.
Qorvo’s stock initially reported after the company’s third -quarter earnings of the expected finances. According to LSEG’s investigation, the company’s performance compared with the expectations of analysts.
- Earnings per share: $ 1.61, adjustment, expected $ 1.20
- income: $ 916 million and expected to be US $ 902 million
The radio frequency chip used by the Qurvo manufacturer of smartphone manufacturers provides guidelines for this quarter, saying that its expected revenue is US $ 850 million, surpassing the analyst’s US $ 841 million forecast in advance. The company is expected to be $ 1 per share, and the expected 86 cents.
However, the stock turned sharply shortly after the beginning of the revenue. At that time, Bob Bruggeworth, the chief executive officer, told analysts that as of the fiscal year of March 2026, the sales to its top customers almost almost almost No increase.
“Bruggeworth said,” For fiscal 2026, we currently predict that the income of the largest customer will be flat. ”
After the call, the stock fell 3.4 %.
Qorvo did not name customers in its income report, but the company said Annual filing Last year, Apple accounted for 46 % of revenue in fiscal 2024. On the phone, Qorvo said that its largest customers accounted for more than half of their revenue in December.
According to LSEG data, analysts predict that the total revenue of fiscal 2026 was US $ 3.85 billion, an increase of more than 4 % over the same period last year.
Bruggeworth said the company also faces the challenges facing its Android business. In fiscal 2026, revenue will fall by about $ 150 million to $ 200 million, and the revenue of the second year will be about 200 million US dollars.
He said: “Most of them will be in China.”
Earlier this month, the value reveal Qorvo’s shares 7.7 %.
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