SELECTED GAAP RESULTS BY OPERATING SEGMENT | |||||||||||||||||
(In millions, except percentages) | |||||||||||||||||
(Unaudited) | |||||||||||||||||
Q1 Fiscal 2025 | Q4 Fiscal 2024 | Q1 Fiscal 2024 | Sequential Change | Year-over-Year Change | |||||||||||||
Revenue | |||||||||||||||||
HPA | $ | 129.5 | $ | 164.6 | $ | 139.7 | (21.3 | )% | (7.3 | )% | |||||||
CSG | 114.9 | 122.8 | 99.3 | (6.4 | )% | 15.7 | % | ||||||||||
ACG | 642.3 | 653.6 | 412.2 | (1.7 | )% | 55.8 | % | ||||||||||
Total revenue | $ | 886.7 | $ | 941.0 | $ | 651.2 | (5.8 | )% | 36.2 | % | |||||||
Operating income (loss) | |||||||||||||||||
HPA | $ | 4.9 | $ | 31.5 | $ | 24.0 | (84.4 | )% | (79.6 | )% | |||||||
CSG | (19.5 | ) | (15.2 | ) | (20.2 | ) | (28.3 | )% | 3.5 | % | |||||||
ACG | 116.4 | 134.3 | 45.0 | (13.3 | )% | 158.7 | % | ||||||||||
All other (1) | (97.2 | ) | (120.6 | ) | (96.9 | ) | 19.4 | % | (0.3 | )% | |||||||
Total operating income (loss) | $ | 4.6 | $ | 30.0 | $ | (48.1 | ) | (84.7 | )% | 109.6 | % | ||||||
Operating income (loss) as a % of revenue | |||||||||||||||||
HPA | 3.8 | % | 19.1 | % | 17.2 | % | (15.3) ppt | (13.4) ppt | |||||||||
CSG | (17.0 | ) | (12.4 | ) | (20.3 | ) | (4.6) ppt | 3.3 ppt | |||||||||
ACG | 18.1 | 20.5 | 10.9 | (2.4) ppt | 7.2 ppt | ||||||||||||
Total operating income (loss) as a % of revenue | 0.5 | % | 3.2 | % | (7.4 | )% | (2.7) ppt | 7.9 ppt |
Qorvo® Announces Fiscal 2025 First 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, adjustments related to a terminated capacity reservation agreement, gain or loss on assets, other expense or income, gain or loss on investments, and an adjustment of income taxes.
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