And then our channel remains very, very healthy. Also contributing were multi-year defense programs and the continued ramp of WiFi 6. Thanks, Bob, and good afternoon, everyone. Not much really to add, Bill. So that implies that that's going to get cut basically more than half Q-on-Q. Infrastructure was especially strong. Now from a power perspective, you can tell from our defense related comments over the last few quarters that we definitely have experience in very, very high power. We'll continue to focus that way. Just going back to the great traction in GaN I wonder if you could describe kind of the market toward GaN adoption in China as well as outside of China? Our efforts to improve the portfolio and drive productivity are yielding favorable results and we expect this progress to continue, as we are forecasting approximately 50% gross margin in the September quarter. We're doing a good job of keeping capex down so our footprint we're very sensitive to that. Yes, thanks for taking my questions. Cumulative Growth of a $10,000 Investment in Stock Advisor, Qorvo Inc (QRVO) Q1 2021 Earnings Call Transcript @themotleyfool #stocks $QRVO, This 5G Stock Has Doubled, but It Can Keep Crushing the Market, Qorvo Inc (QRVO) Q2 2021 Earnings Call Transcript, Copyright, Trademark and Patent Information. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. Your December to March revenues were down, call it, 90-something percent. I think we're headed for a really nice Q1 and be able to get back into year-over-year growth. So we've been projecting this. I did say it was a product mix, specifically. We encourage you to review the safe harbor statement contained in the earnings release published today as well as the risk factors associated with our business in our annual report on Form 10-K filed with the SEC because these risk factors may affect our operations and financial results. Our September quarter gross margin guide of approximately 50% reflects volume growth and ongoing efforts to improve the quality and efficiency of our business. And we are engaged with virtually all of the rest of the Tier 1s and Tier 2s in the space. I'm just curious on what impacts you're discussing when you think about your June outlook, as well as the second-half outlook as well? We brought a lot of products, different frequencies and different power levels to the market, and we almost doubled our GaN last quarter, and I suspect we'll do it again. Qorvo is operating under enhanced safety protocols to keep our employees and operations safe, while supporting our customers. It's actually quite broad with our Fusion 20 portfolio, we're talking about this year we're engaged with every single 5G baseband. This innovative device features unique sensor technology and is designed to address the needs of medical clinicians for rapid and accurate results. So we understand how to deal with the thermals, how to deal with the high current loads those sort of things. Though I would say that the primary contributor to the current outlook is related to the effects of COVID-19. Yeah. Recognizing that a potential impact to our demand and supply chain remains, given the uncertainty due to the pandemic, we believe our work to minimize inventories and reduce our cost structure will help us sustain approximately 50% gross margin through the balance of the year. ET. So we've got a lot we can do to help them across our portfolio. So definitely, the opportunity is out there. I was curious, what revenue contribution are you assuming for both Decawave and Custom MMIC in June? I mean we'll be releasing the K, and you'll see that in the SEC financials here when we report that. We'll hear next from Bill Peterson with J.P. Morgan. You're down a little bit in June, but your December to March gross margin stayed relatively flat within 30 basis points, but there's a material decline here in June. Yeah. We've got very cost effective and very high performance BAW filters across every single band now even going up into the higher frequencies. This is the year where there's going to be some commercial rollout. We supported both of these markets with a really broad set of products including GaN power amplifiers and driver modules, integrated front-end modules, BAW filters and numerous discrete products and we supported a broad set of customers in both of those markets. We've got, as you know, a lot of presence there all around the antenna structures and with 5G not only because of the higher bandwidths, but also new bands, some coming in on even higher frequencies and the implications of running in dual transmit mode where you're running on multiple bands at the same time, when you put all that together the antenna issues that our customers are struggling with just continue to get exponentially worse every year, especially with 5G. I think we're in good company with most companies that are not providing full-year guidance. Okay. This will drive strength in IDP given our technologies, design capabilities and operational excellence. Of course, there's much tighter requirements on filtering. So it's good, and we absolutely want to support them all. So there's no going back. Other expense will increase to over $20 million driven by the full quarter effect of the net interest charge from debt added in June. We did repurchase $125 million in this last quarter. Did you see this result in any pull-ins from customers, particularly in China? While there is considerable economic uncertainty associated with the ongoing facts of the pandemic, currently we expect end market demand to support full fiscal year revenue growth for Qorvo. I'm not going to break down each acquisition, each quarter and what it's contributing or not. While smartphone units are forecast to be down over 10% year-over-year, RF content expansion in 5G devices of approximately $5 to $7 is mitigating the impact of fewer units. We have seen many analysts that also cover the industries bringing their numbers up. As far as third- to fourth-quarter sequential, it was largely driven by more favorable manufacturing variances. I think it's fairly broad-based massive MIMO or 5G roll-outs have been a really positive for us. Steven Creviston — President of Mobile Products This call will include forward-looking statements that involve risk factors that could cause our actual results to differ materially from management's current expectations. And my follow up, you talked about very strong sort of growth or sort of talking just generally very strong trends in 5G handsets. And so, we're seeing just a lot of design activity across the tiers. We ended the quarter with $715 million of cash, an untapped revolver and no near-term maturities. The base station business itself will also be very strong in Q2. Hello everybody, and welcome to Qorvo's fiscal 2021 first quarter earnings conference call. Turning to our June out -- quarter outlook. And so where December falls in that is tough to call at this point, but we think it's probably going to be roughly flat for the September quarter adjusted. I think what's very clear is first half of the calendar year is significantly impacted. So I guess, the question is like what sort of shelf life does the stuff that you've shipped to them have? In fiscal '20, our spend was $164 million or just over 5% of sales. As a result, we expect year-over-year gross margin expansion in the June quarter despite top line adversely impacted by COVID-19 and trade effects. I appreciate it. But the fact is size is such a premium in today's handsets and the complexity of 5G has made it such that really integration is quite helpful to the customer. And I'm sorry, but Eric, real quick. They've obviously seen some of these restrictions coming, so they seem to be ordering ahead of all these restrictions. We -- our inventory only ticked up a little bit sequentially fourth to first quarter and we -- our terms are sort of historical levels. 1 November 2018. That, along with continued throughput improvements we've made in Richardson, afford us the flexibility to defer further investment in Farmers Branch until additional capacity is needed. We've seen an uptick in the rollout of sub-6 gigahertz just in the last period, and we expect to be well on track with what we're doing in China. Just wanted to get a sense from you in terms of adoption of GaN base stations relative to LDMOS in the 5G infrastructure deployment in China, and how your differentiation in that technology is going to lend itself to perhaps more market share gains throughout the year? May 7, 2019, 9:24 PM. And then finally, opex. We are also supplying an innovative antenna-plexer solution that addresses antenna network complexity and optimizes system efficiency for an upcoming foldable smartphone. That doesn't mean something new might come out. Yeah. Qorvo enjoys broad exposure to cellular IoT, ranging from our discrete portfolio of RF solutions to our highly integrated modules through our partnership with Nordic Semi for high-volume CAT-M and narrowband IoT applications. [Operator instructions] And we'll go first to Harsh Kumar with Piper Sandler. Good day, and welcome to the Qorvo Inc. Q3 2020 conference call. Read full article. Speaking of networks, James, why don't you pick up? This call will include forward-looking statements that involve risk factors that could cause our actual results to differ materially from management’s current expectations. In power management, we increased shipments of mobile power management solutions, driven by the adoption of 4G, 5G, dual transmit and the associated complexity it introduces. We will begin today with a look at our March quarter and highlight what drove our performance in both Mobile Products and Infrastructure and Defense. So that number was 250 million, if I remember, kind of just curious --. Hey, so Ed, so we weren't surprised to see GaN double at all. Yes, thanks. Bill, from my perspective, millimeter wave, still a really small part of the overall rollout of 5G. Quarterly revenue, gross margin and EPS were each well above guidance. Douglas DeLieto -- Vice President of Investor Relations. And so I was wondering, if that is indeed the number you gave us, where are we year-to-date? On March 3, we updated our guidance as macro conditions worsened. And while you might expect that there could be less integrated more discrete implementations to save cost the fact is that most of the band combinations and requirements are the same. We never have provided rate and pace on the repurchase. So we picked up a tremendous amount of content in 5G and that's really helped drive the growth, but we're setting records in our WiFi space as well. With Wi-Fi 6 coming on board over the last couple of quarters, this was our third consecutive quarter of double-digit quarter-over-quarter growth in that part of the market. Q4 2020 Qorvo Inc Earnings Call. We don't typically see things reverse and go back to discrete. After the quarter closed, we introduced our high sensitivity point-of-care diagnostic test platform and cartridges, utilizing acoustic resonator technology for veterinary applications. So I can't really give comps year over year and all that, I typically don't. Bob, you talked about the smartphone market in calendar 2020, potentially being down 10% year over year in your remarks. We will discuss COVID-19 and cover some of the steps we have taken to support our employees and customers. Yeah. We are shipping some products that are exempt from restrictions to Huawei, but they're immaterial in the amount of IDP's revenue in the fourth quarter and in our guidance in Q1. Reflects an exceptional effort by the ramp of WiFi 6 in your Prepared,. On keeping our employees and operations and about half of that is addressable by us be under... Small signal components increased sequentially in the market as we move into the middle tiers of the market that 's... 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