Qorvo® Announces Fiscal 2025 Second Quarter Financial Results


QORVO, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
 
  Three Months Ended
(in thousands, except percentages) September 28, 2024  June 29, 2024  September 30, 2023
GAAP gross profit/margin$445,306   42.6% $332,304   37.5% $489,690   44.4%
Stock-based compensation expense 6,047   0.6   5,186   0.6   7,481   0.7 
Amortization of intangible assets 25,523   2.4   25,827   2.9   25,591   2.3 
Restructuring-related charges 15,414       1.4                   2,482       0.2  
Acquisition and integration-related costs   636       0.1       1,925       0.2       1        
Other income   (885 )     (0.1 )     (2,586 )     (0.3 )            
Non-GAAP gross profit/margin $ 492,041       47.0 %   $ 362,656       40.9 %   $ 525,245       47.6 %

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