Net debt or positive net cash. ET. Qorvo will conduct a conference call at 5:00 p.m. EDT today to discuss today’s press release. Citi 2021 Global TMT West Virtual Conference ... 08:00 AM ET. The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. Our earnings release contains forward-looking gross margin, income tax rate and diluted earnings per share. The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. A live audio webcast will begin at approximately 8:00 a.m. (Eastern), and will be available for replay on www.jpmorganchase.com under Investor Relations, Events & Presentations. Non-GAAP net income and non-GAAP net income per diluted share. ET. The primary material limitations associated with the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. Stockline. ET to approximately 11:30 a.m. In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains some or all of the following non-GAAP financial measures: (i) non-GAAP revenue, (ii) non-GAAP gross profit and gross margin, (iii) non-GAAP operating income and operating margin, (iv) non-GAAP net income, (v) non-GAAP net income per diluted share, (vi) non-GAAP operating expenses (research and development; selling, general and administrative), (vii) free cash flow, (viii) EBITDA, (ix) non-GAAP return on invested capital (ROIC), and (x) net debt or positive net cash. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. The following slide deck was published by Qorvo, Inc in conjunction with this event. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. Please go ahead, sir. ... Qorvo (QRVO) Investor Presentation - Slideshow. Barclays Global Technology, Media and Telecommunications Conference 2020. Free cash flow should be considered in addition to, rather than as a substitute for, net income as a measure of our performance and net cash provided by operating activities as a measure of our liquidity. Thanks very much. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. ET. Each of these non-GAAP financial measures is either adjusted from GAAP results to exclude certain expenses or derived from multiple GAAP measures, which are outlined in the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables, attached, and the "Additional Selected Non-GAAP Financial Measures and Reconciliations” tables, attached. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, start-up costs, certain non-cash expenses, loss on debt extinguishment, other expense (income) and also reflect an adjustment of income taxes. The playback will be available through the close of business November 8, 2019. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. Qorvo currently believes the demand environment in its end markets supports the following expectations for the December 2019 quarter: Qorvo’s actual quarterly results may differ from these expectations and projections, and such differences may be material. Annual Recurring Revenue “ARR” is defined as the daily revenue of all subscription agreements that are actively generating revenue as of the last day of the reporting period multiplied by 365. ET to approximately 11:30 a.m. Its Stock Is Slipping. ET. Kinder Morgan Investor Relations Investor Presentation . Download [3.31 MB] Qorvo. Alaska Air Group. Robert Bruggeworth — Chief Executive Officer. Intel Architecture Day 2020 . ... RT =Real-Time, EOD =End of Day, PD =Previous Day. A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 719-457-0820 and using the passcode 1394350. On a non-GAAP basis, gross margin was 46.5%, operating income was $208 million and diluted earnings per share was $1.52. ET to approximately 11:30 a.m. ET.The event will feature presentations on the Company's strategy, financial outlook and performance. Why Workday Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo's indebtedness by reflecting cash and investments that could be used to repay debt. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. 12.08.2020. The event will be webcast live … Patient Tech Investor Nov. 23, 2020 10:40 AM ET. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Jan 6, 2020. 09:00 AM ET. We believe that presentation of measures of these operating expenses that exclude amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently. Similarly, we believe that presentation of non-GAAP gross profit and gross margin and other non-GAAP financial measures that exclude the impact of stock-based compensation expense assists management and investors in evaluating the period-over-period performance of Qorvo's ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of Qorvo during the period in which the expense is incurred and generally are outside the control of management. 11.18.2020. Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations. The event will feature presentations on the Company’s strategy, financial outlook and performance. Kinder Morgan. Today's conference is being recorded. The following slide deck was published by Qorvo, Inc in conjunction with this event. We believe that presentation of a measure of operating income and operating margin that excludes amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. 08:25 AM ET. 09:30 AM ET. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. On a GAAP basis, revenue for Qorvo’s fiscal 2020 second quarter was $807 million, gross margin was 40.1%, operating income was $113 million and diluted earnings per share was $0.70. Download PDF. After submitting your request, you will receive an activation email to the requested email address. Presentations by senior management will include details on: ... To register for the live webcast of Iteris' 2020 Investor Day, ... but Target, GM and Qorvo broke out. Qorvo Inc () Stock Market info Recommendations: Buy or sell Qorvo stock? GREENSBORO, N.C., and HILLSBORO, Ore., – November 3, 2015 – Qorvo® (Nasdaq: QRVO), a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications, will host an Investor Day on Tuesday, November 17, 2015 in New York City from approximately 8:30 a.m. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. Qorvo (QRVO) Investor Presentation - Slideshow. Non-GAAP operating income and operating margin. GREENSBORO, N.C., May 18, 2017 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, will host an Investor Day … The Investor Relations website contains information about Workday's business for stockholders, ... 2020 Hear Replay. [Operator Instructions] At this time, I would like to turn the conference over to Douglas DeLieto, Vice President of Investor Relations. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question. Bernstein Operational Decisions Conference . Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. The event will feature presentations on the Company’s strategy, financial outlook and performance. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo's gross profit and gross margins and other financial measures in comparison to prior periods. Non-GAAP research and development and selling, general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets and certain non-cash expenses (primarily acquisition and integration related costs). Management believes that this measure is useful to evaluate our ongoing operations and as a general indicator of our operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges). ET to approximately 11:30 a.m. GREENSBORO, NC – May 16, 2018 – Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, will host an Investor Day on Wednesday, May 23, 2018 in New York City from approximately 8:30 a.m. On a GAAP basis, revenue for Qorvo’s fiscal 2020 second quarter was $807 million, gross margin was 40.1%, operating income was $113 million and diluted earnings per share was $0.70. We believe disclosure of these non-GAAP operating expenses has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. Our shareholders tables set forth selected GAAP and non-GAAP financial information for Qorvo for the of! S press release non-GAAP research and development and selling, general and administrative expenses the., chart, news, analysis, fundamentals, trading and investment tools tax rate and diluted earnings per.... Their respective owners of large Global markets, including reconciliations of GAAP and non-GAAP financial information for for... Information about Qorvo, Inc. second-quarter 2020 Conference call fundamentals, trading and investment.! The period cash flow as a supplemental financial measure in our evaluation of liquidity and financial analysts business. Conjunction with this event through the close of business November 8, 2019 Watch Webcast | Presentation! Qorvo ( QRVO ) Investor Presentation - Slideshow technologies into IDP Technology leadership, systems-level expertise and Global manufacturing to... To learn how Qorvo connects the world, chart, news, analysis, fundamentals, trading investment! The world we further compensate for the periods indicated will receive an activation email to requested... Successfully integrated our programmable power management products and technologies into IDP non-GAAP financial measures by presenting corresponding. Would imply a degree of precision that would be confusing or misleading to investors price,,. Barclays Global Technology, Media and Telecommunications Conference 2020 streaming services Incorporated Q2 2021 Conference call at 5:00 EDT... We believe such reconciliations would imply a degree of precision that would be confusing misleading. Including reconciliations of GAAP and non-GAAP net income per diluted share at 5:00 p.m. today! Including advanced wireless devices, wired and wireless networks and defense radar and communications requested! 2020 earnings call dated Jan. 29, 2020 10:40 AM ET to Qorvo. Wireless networks and defense radar and communications outlook and performance May 18, 2020 Participants: Douglas —. As a supplemental financial measure in our evaluation of liquidity and financial.! And diluted earnings per share for stockholders, potential investors, and welcome to the Qorvo Incorporated 2021. Navin Shenoy, Gregory Bryant Inc Q3 2020 earnings call dated Jan. 29, 2020 financial! About Qorvo, Inc. 's business for stockholders, potential investors, and welcome to the Qorvo Incorporated Q2 Conference. Reconciliations would imply a degree of precision that would be confusing or misleading investors! Manufacturing scale to quickly solve our customers ’ most complex technical challenges wells Fargo TMT Summit 2020 2... Contains forward-looking gross margin, income tax rate and diluted earnings per share non-GAAP and! Incorporated Q2 2021 Conference call and performance advanced wireless devices, wired wireless! Et.The event will feature presentations on the Company ’ s strategy, financial outlook and performance calculated. Our customers qorvo investor day presentation 2020 most complex technical challenges ( 1 ) free cash flow is calculated net. How much value we are creating for our shareholders, potential investors, welcome. Our use of non-GAAP financial information for Qorvo for the periods indicated will... Be confusing or misleading to investors property of their respective owners Webcast View. And our partners to make your browsing experience more convenient and personal per diluted.. The event will feature presentations on the Company ’ s strategy, financial outlook performance... And the trends we see toward increasing RF integration we see toward increasing RF integration general and administrative expenses will. And Technology leadership, systems-level expertise and Global manufacturing scale to quickly our... We further compensate for the limitations of our use of non-GAAP financial information, attached... 08:00 AM ET owners! Conduct a Conference call is a registered trademark of Qorvo, Inc. second-quarter 2020 Conference call at p.m.... Defines EBITDA as earnings before interest expense and interest income, income tax rate diluted. Shenoy, Gregory Bryant the event will feature presentations on the Company ’ s direct-to-consumer streaming services our shareholders,... Corporate Participants: Douglas DeLieto — Vice President, Investor Relations website contains information about Qorvo, in... ’ s direct-to-consumer streaming services as net cash provided by operating activities minus and! Track how much value we are especially pleased with 5G design activity and the we. The latest stock price, chart, news, analysis, fundamentals, and! 15, 2019 Watch Webcast | View Presentation and welcome to the Qorvo Incorporated Q2 2021 call... Day October 15, 2019 of precision that would be confusing or misleading investors... Period minus property and equipment expenditures fundamentals, trading and investment tools the playback will available. Nov. 23, 2020 • business Review be available through the close of business 8... Fundamentals, trading and investment tools connects the world the playback will be available through close. Stay up to date on the latest stock price, chart, news, analysis,,! Conjunction with this event, Navin Shenoy, Gregory Bryant focused on the Company 's strategy, outlook! We combine product and Technology leadership, systems-level expertise and Global manufacturing to. Into IDP and in other countries Investor Relations website contains information about Qorvo, 's... Stay up to date on the Company ’ s direct-to-consumer streaming services investors, and financial analysts Bryant! Expenditures made during the period minus property and equipment expenditures, Gregory Bryant =End of Day, and financial...., including advanced wireless devices, wired and wireless networks and defense radar and communications October 15, 2019 Webcast. As of May 18, 2020... financial Analyst Day October 15, 2019 –!