Qorvo has a $3bn FY 2017

Qorvo, the RF specialist which gets 37% of its revenues from Apple, saw calendar Q1 revenues increase 5.7% y-o-y to $643 million. Gross margin was 36.0% and the operating loss was $24.5 million.

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“For fiscal year 2017, Qorvo delivered revenue of $3 billion, up 16% year-over-year, with 23% growth in IDP and 14% growth in mobile products,” says Qorvo CEO Bob Bruggeworth, “we expect continued strong revenue growth and margin expansion in fiscal year 2018.”

“In the March quarter, we collaborated with all major infrastructure OEMs on next-generation 4G and pre-5G macro base station GaN PAs, we supported 1 Gbps throughput in the ZTE Gigabit smartphone, we supplied the industry’s first 5G RF front end in collaboration with Intel, and we achieved full certification of the first single-placement integrated module covering low, mid and high bands on a MediaTek baseband.”


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