SELECTED GAAP RESULTS BY OPERATING SEGMENT | |||||||||||||||||
(In millions, except percentages) | |||||||||||||||||
(Unaudited)
| |||||||||||||||||
Q4 Fiscal
2024 |
Q3 Fiscal
2024 |
Q4 Fiscal
2023 |
Sequential
Change |
Year-over-
Year Change | |||||||||||||
Revenue | |||||||||||||||||
HPA | $ | 164.6 | $ | 118.9 | $ | 133.1 | 38.4 | % | 23.7 | % | |||||||
CSG | 122.8 | 108.9 | 81.9 | 12.8 | % | 49.9 | % | ||||||||||
ACG | 653.6 | 846.1 | 417.7 | (22.8 | )% | 56.5 | % | ||||||||||
Total revenue | $ | 941.0 | $ | 1,073.9 | $ | 632.7 | (12.4 | )% | 48.7 | % | |||||||
Operating income (loss) | |||||||||||||||||
HPA | $ | 31.5 | $ | 1.6 | $ | 17.7 | 1,868.8 | % | 78.0 | % | |||||||
CSG | (15.2 | ) | (25.6 | ) | (42.2 | ) | 40.6 | % | 64.0 | % | |||||||
ACG | 134.3 | 263.8 | 58.3 | (49.1 | )% | 130.4 | % | ||||||||||
All other (1) | (120.6 | ) | (281.4 | ) | (222.8 | ) | 57.1 | % | 45.9 | % | |||||||
Total operating income (loss) | $ | 30.0 | $ | (41.6 | ) | $ | (189.0 | ) | 172.1 | % | 115.9 | % | |||||
Operating income (loss) as a % of revenue | |||||||||||||||||
HPA | 19.1 | % | 1.3 | % | 13.3 | % | 17.8 | ppt | 5.8 | ppt | |||||||
CSG | (12.4 | ) | (23.5 | ) | (51.5 | ) | 11.1 | ppt | 39.1 | ppt | |||||||
ACG | 20.5 | 31.2 | 14.0 | (10.7 | ) ppt | 6.5 | ppt | ||||||||||
Total operating income (loss) as a % of revenue | 3.2 | % | (3.9 | )% | (29.9 | )% | 7.1 | ppt | 33.1 | ppt | |||||||
Qorvo® Announces Fiscal 2024 Fourth Quarter Financial Results
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(1) Adjusted for stock-based compensation expense, amortization of intangible assets, restructuring-related charges, acquisition and integration-related costs, goodwill impairment, net adjustments related to a long-term capacity reservation agreement, gain or loss on disposal of business and assets, other expense or income, gain or loss on investments, and an adjustment of income taxes.
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