|Bid||100.58 x 1100|
|Ask||100.26 x 900|
|Day's range||91.18 - 100.89|
|52-week range||58.52 - 122.36|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||35.18|
|Earnings date||04 May 2020 - 10 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||127.29|
Intel (INTC) introduces broad portfolio to accelerate 5G network implementation. This move challenges Qorvo, and other semiconductor players involved in bringing 5G mainstream in 2020.
Apple (AAPL) does not anticipate meeting the second-quarter fiscal 2020 revenue guidance owing to coronavirus crisis. This is likely to create pressure on its suppliers at least in the near term.
(Bloomberg) -- Qualcomm Inc. tamped down expectations for sales growth next quarter, saying the payoff from the introduction of smartphones capable of using new high-speed wireless networks will take longer than anticipated.The chipmaker, which has tied its success to the roll out of fifth-generation, or 5G, networks, gave a sales forecast for the second fiscal quarter that topped analysts’ estimates. But revenue will be little changed in the following three-month period ending in June, Chief Financial Officer Akash Palkhiwala said Wednesday on a conference call after earnings were reported.Analysts had predicted Qualcomm’s revenue would increase quarter over quarter through the year. Shares, which had initially gained in extended trading, fell about 2% on the remarks.Consumers have been hanging on to handsets longer as technology advances slow. Qualcomm and the rest of the industry are arguing that 5G will reverse that trend. While 5G networks are beginning to roll out, much of that demand won’t come until the introduction of new smartphones in the September quarter, Palkhiwala said.“We expect the next inflection point with the launch of additional 5G flagship handsets to be in the fourth quarter and extend into fiscal 2021,” Palkhiwala said on the call. “We expect our third fiscal quarter performance to be in line with our second fiscal quarter.”Revenue will be $4.9 billion to $5.7 billion in the fiscal second quarter, which ends in March, the San Diego-based company said in a statement. Analysts, on average, estimated $5.1 billion, according to data compiled by Bloomberg. Fiscal first-quarter sales and profit also beat estimates.The company has factored in the possible disruption of the coronavirus in China, the biggest market for smartphones, on consumer demand, Palkhiwala said.Qualcomm shares declined to a low of $86.68 in extended trading after closing at $90.91 in New York. The stock has gained 79% in the past 12 months.In the first quarter, net income fell to $925 million, or 80 cents a share, from $1.07 billion, or 87 cents, a year earlier. Excluding certain items, profit was 99 cents a share, compared with an average estimate of 85 cents.Revenue rose 4.9% to $5.08 billion in the period, which ended Dec. 29. Analysts on average had predicted $4.83 billion in sales. It was the first year-over-year sales growth in six quarters.The chipmaker is the largest provider of technology underpinning modern phone networks, making its results a key indicator of industry demand. Qualcomm predicted that as many as 1.85 billion phones will be sold in 2020, a return to growth after a decline last year.The company gets the bulk of its profit from licensing patents that it says cover the fundamentals of modern phone systems. Qualcomm charges a percentage of the selling price of each handset, payable by phone makers regardless of whether they use its chips. The company’s modems and processors provide it with the majority of revenue.Technology licensing revenue jumped 38% to $1.4 billion in the fiscal first quarter, but the company projected a decline to $1 billion to $1.2 billion in the current period. The chip division generated $3.6 billion, falling 3.2% from a year earlier. Qualcomm predicted sales will reach as much as $4.5 billion this quarter.The company is emerging from years of legal disputes and regulatory proceedings that threatened its licensing model. It still has to reach an agreement in a patent-fee standoff with China’s Huawei Technologies Co. and overturn a sweeping U.S. antitrust decision through an appeal that is due to start next week.Qualcomm settled a broad-ranging legal dispute with Apple Inc. and the iPhone maker agreed to resume using Qualcomm chips. But a Federal Trade Commission case alleged unfair business practices and Qualcomm has been ordered to renegotiate patent licenses. The company has won a stay on that decision. Other branches of the U.S. government have said they support Qualcomm’s position against the FTC and the lower court, sparking optimism it will succeed.Separately, Qualcomm disclosed in a filing that it received a request for information on Dec. 3 from the European Commission, which is investigating whether the company engaged in anti-competitive behavior by exploiting its market position in baseband processors to help it in the 5G radio-frequency chip market. Qualcomm said it’s in the process of responding.The company has increased its efforts in RF chips, which help convert radio waves into data that can be processed by other parts of a phone. It competes in the market with Broadcom Inc., Qorvo Inc. and Skyworks Solutions Inc. While Qualcomm has touted its success in RF in new handset models, 5G phones are still a fraction of the total smartphones sold.(Updates with EU investigation in the final two paragraphs)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, Andrew Pollack, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Last week, you might have seen that Qorvo, Inc. (NASDAQ:QRVO) released its quarterly result to the market. The early...
Qorvo's (QRVO) third-quarter 2020 results benefit from increased demand in the performance tier for RF Fusion-based solutions and BAW-based multiplexers.
Qorvo's (QRVO) third-quarter fiscal 2020 results are likely to reflect robust mobile volume growth and strong demand for solutions in defense and connectivity.
(Bloomberg) -- Semiconductor makers Qorvo Inc. and Skyworks Solutions Inc. are weighing bids for Broadcom Inc.’s wireless-chip business, which could fetch about $10 billion in a sale, according to people familiar with the matter.Other potential buyers could be interested, said the people, who asked to not be identified because the matter isn’t public. The unit makes radio-frequency, or RF, chips.A final decision hasn’t been made and Qorvo and Skyworks may opt not to proceed with offers, they said.A representative for Broadcom declined to comment. Representatives for Qorvo and Skyworks didn’t respond to requests for comment.Broadcom on Thursday disclosed new agreements to provide components for Apple Inc. devices for several years. The disclosure lets potential acquirers of the radio frequency unit know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.The potential sale comes as Broadcom Chief Executive Officer Hock Tan -- fresh off a $10.7 billion takeover of Symantec Corp.’s security software unit -- seeks to focus on businesses with strong share in profitable markets that don’t require excessive investment. He’s jettisoning components that don’t fit that plan. Broadcom agreed to sell a cybersecurity services business this month to Accenture Plc.The RF unit’s chips are used to filter and amplify radio frequency signals. Its filters also let wireless communications systems support a large number of subscribers at the same time by ensuring that voice and data streams don’t interfere with each other.The Wall Street Journal reported in December that Broadcom was seeking a buyer for the division.To contact the reporters on this story: Ed Hammond in New York at firstname.lastname@example.org;Liana Baker in New York at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, ;Alistair Barr at firstname.lastname@example.org, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Qorvo (QRVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Today we are going to look at Qorvo, Inc. (NASDAQ:QRVO) to see whether it might be an attractive investment prospect...
(Bloomberg) -- For Paul Boudre, U.S. President Donald Trump’s push against Chinese telecommunications companies is less about espionage than the race for technological supremacy.Boudre, the chief executive officer of Soitec, a French maker of semiconductor materials that go into 5G equipment, automobiles, cloud computing and IT infrastructure, says Trump’s actions are aimed primarily at allowing American firms to catch up.“Trump’s kick in the pants for companies is to wake them up and to catch up,” Boudre said in an interview Tuesday in Paris. “Trump is the emissary saying that if nothing is done, we’ll be blown away. That’s why he’s been trying to put a brake on the advances that China has made.”With the “everything-connected” era well under way, the race for a technological edge is intensifying. Trump has repeated railed against China and its companies, including Huawei Technologies Co., citing industrial espionage and intellectual property theft. He has limited their access to the U.S. market and to American suppliers, while also pressing allies from Japan to The Netherlands to review policies toward the Asian giant.The executive push and the infrastructure policy are driving U.S. companies like Cisco, Qorvo Inc., Skyworks Solutions to accelerate their research, a move that could allow American players to get new 5G technologies rolling out potentially in 2021, Boudre said.“Technology has become political today,” he said.Supply ChainsThe U.S. pushed to block the sale of chip manufacturer ASML’s technology to China by sharing a classified intelligence report with the Dutch government, Reuters reported on Monday, citing unidentified people familiar with the matter.Soitec, which has factories and licenses for producing the substrate for handsets and infrastructure in France, Singapore and China, can provide “China Free” material if requested, Boudre said, adding that no such demands have been made by its clients.“What’s happened with Trump is a modification of supply chains,” he said. “Huawei won’t rely exclusively anymore on Qorvo, Skyworks, Qualcomm, because there is a risk. So they’ve developed relations with Murata, STMicro and others.”Developments in the U.S. 5G market this year and next will be a test of whether Trump’s policies were fruitful, Boudre said.“Clearly, two technologies are now being implemented,” with China’s 5G building on 4G, while the U.S.’s 5G that’s more of a new development called “millimeter wave.” The U.S. technology may hit the broad market in 2021, Boudre said, with Cisco driving the innovation. Qualcomm’s modem chip using millimeter wave technology is likely to hit the market in 2020.Soitec RisingWhile Trump’s moves have roiled trade and supply chains for companies building 5G and other technologies, Soitec has been spared, the executive said.The company, whose material goes into almost every smartphone in the world, plans to double sales in the next three years, reaching $1 billion in its fiscal year 2022, and sees revenue tripling in the next five years or so.Founded in the early 1990s in the French Alps, Soitec, which now employs 1,500 people, sits at the heart of the revolution that’s made possible everything from mobile phones, personal assistants like Amazon.com Inc.’s Alexa and Google’s Nest, to 5G antennas and connected devices in cars.In the automotive sector, where Europe has an edge, Soitec is working with Robert Bosch GmbH, Audi AG, STMicroelectronics NV and others to define future components, Boudre said. In artificial intelligence, he sees a shift of computing power from the cloud to devices lifting demand for Soitec’s materials, which allow chipmakers to combine computing, memory and connectivity on a single chip.The extent of all that growth will be evident when the company discusses its long-term plans in June, Boudre said.Soitec’s stock rose 85% in 2019, making it among the top 10 performers of the benchmark SBF120 index.\--With assistance from Caroline Connan and Francine Lacqua.To contact the reporters on this story: Helene Fouquet in Paris at email@example.com;Rudy Ruitenberg in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Vidya RootFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.