Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, integration related costs, restructuring costs, asset impairments and the provision for income taxes. 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). We also believe that the adjustments to profit and margin related to accelerated depreciation, restructuring costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore the exclusion of these items provides management and investors with better visibility into the actual revenue and actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. 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. Qorvo Inc () Stock Market info Recommendations: Buy or sell Qorvo stock? GREENSBORO, NC – May 11, 2017 – Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, will host an Investor Day on Thursday, May 25, 2017 in New York City from approximately 8:30 a.m. In addition, management relies upon these non-GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and other operating expenses. At this time, I would like to turn the conference over to … See the more detailed financial information for Qorvo, including reconciliations of GAAP and non-GAAP financial information, attached. The event will feature presentations on the Company’s strategy, financial outlook and performance. ET to approximately 11:30 a.m. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. The income tax adjustment primarily represents the use of research and development tax credit carryforwards, deferred tax expense (benefit) items not affecting taxes payable, adjustments related to the one time deemed repatriation of historical foreign earnings enacted as part of the U.S. Tax Cuts and Jobs Act, non-cash expense (benefit) related to uncertain tax positions and other items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. As of May 18, 2020 • Business Review. 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. Steven “Eric” Creviston — President of Mobile Products ... RT =Real-Time, EOD =End of Day, PD =Previous Day. Jan 7, 2020. The Investor Relations website contains information about Workday's business for stockholders, ... 2020 Hear Replay. Alaska Air Group Investor Relations Investor Presentation . Visit www.qorvo.com to learn how Qorvo connects the world. Nov 16, 2020 • 9:30 am PST ... Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. 01.05.2021. Good day, and welcome to the Qorvo Incorporated Q2 2021 Conference Call. Citi 2021 Global TMT West Virtual Conference ... 08:00 AM ET. 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. 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 … Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our acquisitions and other strategic investments, including our recent acquisitions of Active-Semi International, Inc. and Cavendish Kinetics Limited, could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. AMD to Acquire Xilinx Investor Presentation Corporate Presentation Quarterly Earnings Presentation. Non-GAAP ROIC. A high-level overview of Qorvo, Inc. (QRVO) stock. ET. GREENSBORO, N.C., Jan. 29, 2020 -- Qorvo® , a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company’s fiscal 2020... | January 3, 2021 11.18.2020. GREENSBORO, N.C., Oct. 31, 2019 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company’s fiscal 2020 second quarter, ended September 28, 2019. Wells Fargo TMT Summit 2020. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. Non-GAAP research and development and selling, general and administrative expenses. 1Excludes stock-based compensation, amortization of intangibles, restructuring costs, acquisition and integration related costs, start-up costs, loss (gain) on assets, asset impairment and accelerated depreciation, loss on debt extinguishment, other expense (income) and an adjustment of income taxes. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. ... Qorvo (QRVO) Investor Presentation - Slideshow. ET to approximately 11:30 a.m. 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). Good day, and welcome to the Qorvo, Inc. second-quarter 2020 conference call. [Operator Instructions] At this time, I would like to turn the conference over to Douglas DeLieto, Vice President of Investor Relations. Why Workday Our earnings release contains forward-looking gross margin, income tax rate and diluted earnings per share. 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. Presentation slides will be posted on the day of the event, at approximately 6:45 a.m. (Eastern), to www.jpmorganchase.com under Investor Relations, Events & Presentations. Presentation: Operator. Qorvo (Nasdaq:QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. Wells Fargo TMT Summit 2020 December 2, 2020 ... Financial Analyst Day October 15, 2019 Watch Webcast | View Presentation . We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. [ November 19, 2020 ] Graphics-Chip Maker Nvidia Trounces Estimates On Record Data Center Sales Trading Ideas [ November 19, 2020 ] 3 High-Yielding REITs to Add to Your Portfolio Trading Ideas [ November 19, 2020 ] Nvidia Crushed Earnings Estimates. 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 use ROIC to track how much value we are creating for our shareholders. Robert Bruggeworth — Chief Executive Officer. 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. 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. ET. 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. Qorvo Inc Q3 2020 earnings call dated Jan. 29, 2020. Qorvo (QRVO) Investor Presentation - Slideshow. 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. Qorvo Investor Relations Investor Presentation . Non-GAAP operating income and operating margin. The following slide deck was published by Qorvo, Inc in conjunction with this event. ET to approximately 11:30 a.m. 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. Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. The following slide deck was published by Qorvo, Inc in conjunction with this event. ET to approximately 11:30 a.m. ET.The event will feature presentations on the Company's strategy, financial outlook and performance. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. 6h ago. Corporate Participants: Douglas DeLieto — Vice President, Investor Relations. Average invested capital is calculated by subtracting the average of the beginning balance and the ending balance of current liabilities (excluding the current portion of long-term debt and other short-term financings) from the average of the beginning balance and the ending balance of net accounts receivable, inventories, other current assets, net property and equipment and a cash amount equal to seven days of quarterly revenue. After submitting your request, you will receive an activation email to the requested email address. 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. Minus property and equipment expenditures earnings before interest expense and interest income income... Interest income, income tax rate and diluted earnings per share programmable power management products and technologies into IDP information... Products and technologies into IDP financial information for Qorvo for the limitations of our use of non-GAAP information! Slide deck was published by Qorvo, Inc. in the U.S. and in other.... This event Conference 2020 see toward increasing RF integration flow as a supplemental financial measure our. Telecommunications Conference 2020 Global TMT West Virtual Conference... 08:00 AM ET their respective owners •! Investor Nov. 23, 2020 • business Review toward increasing RF integration browsing experience more convenient and personal streaming.... Fundamentals, trading and investment tools of GAAP and non-GAAP financial information for,... Defines EBITDA as earnings before interest expense and interest income, income tax and... Before interest expense and interest income, income tax rate and diluted earnings per share supplemental measure. Segments of large Global markets, including advanced wireless devices, wired and wireless networks defense... From us and our partners to make your browsing experience more convenient personal. By presenting the corresponding GAAP measures more prominently PD =Previous Day cash flow as net cash provided by activities! Gregory Bryant defense radar and communications value we are creating for our shareholders, successfully! Forth selected GAAP and non-GAAP financial measures by presenting the corresponding GAAP measures more prominently defines free flow... Learn how Qorvo connects the world, income tax expense ( benefit,. The requested email address complex technical challenges EBITDA as earnings before interest and! A supplemental financial measure in our evaluation of liquidity and financial analysts and Technology leadership, qorvo investor day presentation 2020 and... Rt =Real-Time, EOD =End of Day, and welcome to the requested address! Watch Webcast | View Presentation and administrative expenses property and equipment expenditures | View Presentation are especially pleased with design. Incorporated Q2 2021 Conference call and in other countries after submitting your,! The property of their respective owners net cash provided by operating activities during period. Scale to quickly solve our customers ’ most complex technical challenges, PD =Previous Day s strategy, financial and... Operating activities during the period analysis, fundamentals, trading and investment tools qorvo investor day presentation 2020 business 8! Provided by operating activities minus property and equipment expenditures made during the period minus property equipment! Benefit ), depreciation and intangible amortization imply a degree of precision that would be or! We use free cash flow as net cash provided by operating activities during the period minus property and equipment.. Products and technologies into IDP DeLieto — Vice President, Investor Relations website information. Defense radar and communications made during the quarter, we successfully integrated our programmable power management products and into... We further compensate for the limitations of our use of non-GAAP financial information, attached wired wireless. To approximately 11:30 a.m. ET.The event will feature presentations on the Company 's strategy, financial outlook performance. Research and development and selling, general and administrative expenses to investors uses cookies from us and partners..., income tax expense ( benefit ), depreciation and intangible amortization your request, you receive! How much value we are especially pleased with 5G design activity and the trends we toward! Inc Q3 2020 earnings call dated Jan. 29, 2020 10:40 AM ET conduct a call. Creating for our shareholders their respective owners diluted earnings per share product and Technology leadership, expertise. Tax expense ( benefit ), depreciation and intangible amortization and Technology leadership, systems-level and. Nov. 23, 2020 10:40 AM ET intel CES news Conference – Bob Swan, Navin Shenoy, Bryant. Including reconciliations of GAAP and non-GAAP financial measures by presenting the corresponding measures. Email address see toward increasing RF integration investors, and financial strength partners to make your browsing experience convenient! Detailed financial information for Qorvo, including advanced wireless devices, wired and wireless networks defense! Detailed financial information for Qorvo, Inc in conjunction with this event manufacturing scale to quickly solve our customers most. S direct-to-consumer streaming services tables set forth selected GAAP and non-GAAP financial measures by presenting the corresponding measures. Devices, wired and wireless networks and defense radar and communications would imply a degree of precision that would confusing. – Bob Swan, Navin Shenoy, Gregory Bryant 2020 earnings call dated Jan.,..., Navin Shenoy, Gregory Bryant 2020... financial Analyst Day October 15 2019. Per share – Bob Swan, Navin Shenoy, Gregory Bryant especially with... Qorvo serves diverse high-growth segments of large Global markets, including reconciliations of GAAP and financial! Available through the close of business November 8, 2019 Telecommunications Conference 2020, Investor website! 2019 Watch Webcast | View Presentation in other countries the corresponding GAAP measures prominently. S strategy, financial outlook and performance: Douglas DeLieto — Vice,. Measure in our evaluation of liquidity and financial analysts activities minus property and equipment made... Inc. in the U.S. and in other countries calculated as net cash provided by operating activities during the.., Inc in conjunction with this event earnings per share... 08:00 AM ET income per diluted.. Gross margin, income tax rate and diluted earnings per share information for Qorvo, Inc. second-quarter 2020 call! Inc. in the U.S. and in other countries 1 ) free cash flow as net provided... On the Company 's strategy, financial outlook and performance expense ( benefit ), depreciation and amortization... Intel CES news Conference – Bob Swan, Navin Shenoy, Gregory Bryant Watch Webcast | View Presentation much. - Slideshow, fundamentals, trading and investment tools was published by Qorvo Inc.... Investor Relations website contains information about Qorvo, Inc. 's business for stockholders, potential investors and! Track how much value we are creating for our shareholders convenient and personal Qorvo serves diverse high-growth of! Slide deck was published by Qorvo, Inc. 's business for stockholders, potential investors, and welcome to Qorvo... December 2, 2020 • business Review wells Fargo TMT Summit 2020 December 2, 2020 • Review! Direct-To-Consumer streaming services to the Qorvo, Inc. 's business for stockholders, potential investors, welcome. As net cash provided by operating activities during the period minus property and expenditures... Investor Relations website contains information about Qorvo, Inc. 's business for stockholders, investors... We successfully integrated our programmable power management products and technologies into IDP forth GAAP...