This is Eric. So I'm just wondering how that content expansion might change as we go into second half? Mark, now that we're done with fiscal 2020, can you give us how big your largest customer was in terms of percent of revenue? Qorvo Inc (NASDAQ: QRVO) Q2 2019 Earnings Conference Call Oct. 31, 2018 , 5:00 p.m. The shape of the 5G, you kept your number and Qualcomm kept their number. 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? Sure. I talked about in the past that we see content gains of about 10 times on a MIMO base station compared to conventional macro. Content expansion and increased complexity supporting 5G architectures favor our design expertise and technologies at scale. And with that, I'll hand the call over to Mark. Do you expect that to continue for the rest of the year? On ultrawide band we see a wide array of applications emerging with this wireless technology and have significant customer engagement on the design of new products and solutions. Do you see that in one quarter? The engagements are strong and growing across like asset tags, smart home controls, various sort of industrial IoT applications. Our other recent acquisitions are already accretive. Contents: Prepared Remarks. Thank you for joining us on our call tonight. Thank you. And from Morgan Stanley we'll move to Craig Hettenbach. So hopefully, that provides you some perspective. I think on the small signal side, we've got a great set of competitors there as well and we're doing the same thing, we're just continuing to focus on innovation, bringing more highly integrated modules to play, bringing ball filters, as an example, into our mix in the infrastructure side. In fiscal '20, our spend was $164 million or just over 5% of sales. In today's release and on today's call, we provide both GAAP and non-GAAP financial results. Just kind of curious, two things. Our WiFi business is rapidly mixing toward WiFi 6, and especially as you move and add the new 7.2 gigahertz capability and so forth, we do have a lot of unique capability to bring to that. Revenue was diversified across categories, including modules integrating PAs, switches BAW and SAW filters as well as antenna-plexer, antenna tuners and specialize RF power management. Custom MMIC, a bolt on to our IDP segment exceeded plan in its first full quarter and further strengthens our defense and aerospace franchise. Qorvo (QRVO) Q1 2020 Earnings Call Transcript. So antenna element counts are significantly up. That's because two factors, really. The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. So I'm just wondering, is that the beginning of inventory digestion? Market data powered by FactSet and Web Financial Group. And we see that happening really across the board with high-end retail, but also in the MSO rollouts. This is Eric, Ed and yes, as you pointed out, antenna plexing is relatively new for us. Turning to Mobile Products, we supported multiple production ramps and benefited broadly from integration trends at multiple customers. The June quarter marked our first full quarter for Custom MMIC and Decawave in just over a year since acquiring Active-Semi. Qorvo delivered a very strong March quarter. First, on 5G, Eric, maybe you can talk about what sort of content expansion you're seeing in early 5G designs? Then Mark will provide additional details on our financials and operations. It complements the BOE approaches, which are being rolled out first, of course, by providing a much, much more accurate distance measurements between folks. But we're in a reasonably good position if you compare our inventory levels to historical levels and then also compared to others that we've seen in the space, inventories were up sequentially as we thought they would have been but as I mentioned, the turns are on the better side of OK, historically speaking. And how would you characterize the uptake of Samsung's baseband and more importantly, your content on it relative to the other baseband you support? First, let me comment. In programmable power management, we enjoyed growth in data center, computing and gaming consoles with our differentiated solutions. 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. But on the second quarter, we did put up a very strong guide and we've been very clear that included that extra week for our 53-week fiscal year, because excluding that it's still a very strong guide. It's been over a year now, since we added our programmable power management business and the team is doing a great job of driving growth across diversified markets. And so, as I mentioned earlier in the call, I think we see about a $5 to $7 increase in content per handset, and that's relatively constant, whether you're adding it to a premium smartphone or a mid-tier smartphone. We've just been very selective about what we're doing and being smart about how we expand and get more out of the assets that we have. Read full article. During our call, our comments and comparisons to income statement items will be based primarily on non-GAAP results. So that implies that that's going to get cut basically more than half Q-on-Q. Steven Creviston — President of Mobile Products We feel that we're doing the right things and we're going to continue doing these things, investing in the technology, managing our portfolio the right way where we're most valued by customers, driving productivity very hard. We're actively working to continuously improve our gross margins despite trade effects and COVID, we've been making progress. 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. And we feel like we've put ourselves in a good position to compete where we want to compete and that's where customers will value us the most where we bring the most differentiated products and that's the portfolio management. During the quarter IDP returned to robust year-over-year growth and we expect IDP to sustain healthy double-digit year-over-year growth through the year with strength in 5G, Wi-Fi and defense. Took us a bit longer than we thought, but we were confident we were going to get there. We requested an emergency use authorization from the FDA for COVID-19 antibody testing using Qorvo biotechnologies platform. So I don't understand your question. So maybe if you can help us think about that December quarter? We are maintaining product development schedules. Greensboro, NC, July 15, 2020 – Qorvo ® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2021 first quarter financial results on Wednesday, July 29, 2020, at 5:00 p.m. (ET). Thanks very much. But we think it's a trend that's absolutely central to providing customers what they need for 5G. Net interest expense will increase slightly on a lower average cash balance and lower deposit rates in the June quarter versus the March quarter, which benefited from higher deposit rates and had deposit balances over $1 billion prior to closing Decawave and Custom MMIC. Douglas DeLieto -- Vice President of Investor Relations. We'll go next to Raji Gill with Needham & Company. [Operator Instructions]. I guess the question is, if you look at their annual report, they have more than 110 days worth of inventory. [Operator instructions] And we'll go first to Harsh Kumar with Piper Sandler. Thank you. Thanks, Bob, and good afternoon, everyone. Mobile products revenue of $468 million exceeded our expectation as handset demand remained more resilient and global supply chain disruptions less impactful than we anticipated at the time of our guide. They've obviously seen some of these restrictions coming, so they seem to be ordering ahead of all these restrictions. There's been a lot of talk about potential delays. Mobile revenue of $556 million exceeded our expectations as mobile handset demand was greater and global supply chain disruption is less impactful than we anticipated at the time of our early March update. So this is a, we think a long-term trend for us over the next four, five years as the as the networks get deployed everywhere in the world. It's been a tough year for everyone and there remains a lot of uncertainty. This innovative device features unique sensor technology and is designed to address the needs of medical clinicians for rapid and accurate results. Qorvo's revenue for the fourth quarter was $788 million, $18 million above the midpoint of our updated guidance and driven by stronger-than-expected mobile demand. Thank you for joining us on our call tonight. We like our technology. Turning to our current quarter outlook, we expect revenue between $925 million and $955 million, non-GAAP gross margin of approximately 50% and non-GAAP diluted earnings per share of $1.90 at the midpoint of our guidance. Reblog. I think what I'll start with is on the third to fourth quarter, we were about 100 basis points -- little over 100 basis points better than we thought we would be. But assuming the market does come in sort of consistent with that outlook, do you think, given the strength in 5G, the relative resilience of 5G and given some of the socket wins that you guys are aware of, you think you can grow the mobile segment in calendar 2020 in that sort of backdrop? I'm kind of just curious what you've already seen. 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 so there were just a series of headwinds that kept us from that milestone. I think it's fairly broad-based massive MIMO or 5G roll-outs have been a really positive for us. For the year, we continue to expect approximately 250 million 5G smartphones globally. Qorvo Inc Q3 2020 earnings call dated Jan. 29, 2020Corporate Participants: Douglas DeLieto — Vice President, Investor Relations. So I guess, the question is like what sort of shelf life does the stuff that you've shipped to them have? Our spend in fiscal '21 will remain focused on BAW, GaN and other areas, which advance a differentiated position for Qorvo to best serve customer needs. We had two 10% customers, and they can change. At this time, I'd like to turn the conference over to Mr Douglas DeLieto, Vice President of Investor Relations. And we'll go next to Ambrish Srivastava with BMO. We're not pleased that we've reached any sort of final result. On our business, specifically, we're operating well. I would certainly point everybody, as always to the risk factors in our K, which included the pandemic and trade. Qorvo, Inc. (NASDAQ:QRVO) Q4 2020 Earnings Conference Call. Hey, guys. Hello, everybody, and welcome to Qorvo’s fiscal 2020 third quarter earnings conference call. I appreciate it. So for us, it's very, very broad brand. Got it. We serve a broad range of industrial, commercial and consumer markets and current demand is especially strong, driven by data centers. And we'll go next to Toshiya Hari with Goldman Sachs. Not much really to add, Bill. And this current backdrop is highlighting how well we are operating. So thank you. So we understand how to deal with the thermals, how to deal with the high current loads those sort of things. Robert Bruggeworth — Chief Executive Officer. And I'd say it's a function of a few things, you've got IDP it's going to be over $275 million through the back half each quarter, but it's timing of infrastructure projects. Qorvo Inc (QRVO) Q2 2019 Earnings Conference Call Transcript | … I was hoping you can give us an update on your millimeter wave opportunities, and if you see this as a potential revenue driver later this year or early next year? Recent Earnings Call Transcripts. Defense stayed a good foundation for the business and as we move into Q2, we'll see a similar type story. Yes, I mean, asking for any additional guidance beyond the June quarter, I think we've just got to acknowledge that we're in unprecedented times. And so I was wondering, if that is indeed the number you gave us, where are we year-to-date? Our focus right now is just making sure that we've got best-in-class technology and we continue to innovate and drive technology-improved performance with our GaN and then really focused on scale and driving up our manufacturing capabilities, getting our yields up and I think we proved that in this and again next quarter that we were able to go through a pretty aggressive ramp on these sub-5 gigahertz deployments, sub-6 gigahertz deployments. 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. And from Needham & Company we'll move to Raji Gill. Yeah. And as we talked about in prepared remarks, we're ramping both GaN and small signal components into that broad set of customers. So, Harsh -- yeah. And then it matters, are we investing in the right technologies, we think we are, we have the right capabilities to develop the most advanced products customers want. Qorvo, Inc. (QRVO) CEO Robert Bruggeworth on Q2 2021 Results - Earnings Call Transcript SA Transcripts Nov. 04, 2020 11:12 PM ET Skyworks Solutions, Inc. … Yeah, I think we mentioned a quarter or two that, frankly, it's a bit ahead of our expectations. These products expand our portfolio of GaN-based solid-state amplifiers for millimeter wave applications, including satcom, radar and electronic warfare. With uncertainty in the demand profile, we intend to maintain lean inventories, both in-house and in the channel. But Decawave came to us with a strong pipeline to begin with across many other applications such as automotive and IoT. I think as folks are thinking about that, keep in mind we've got one this extra week, I laid out the acquisition impact year-over-year on last quarter's call so you have that. ET Contents: Prepared. Globally, we expect 5G base station deployments to outpace the initial deployments of 4G with over three quarters of a million deployments this calendar year growing to more than a million in 2021. Yeah. Welcome to the Qorvo, Inc. fourth-quarter 2020 conference call. Thanks to these and other efforts, we've experienced no material disruptions in our business or operations. So definitely, the opportunity is out there. Craig M Hettenbach -- Morgan Stanley -- Analyst. We are seeing increased demand for our ball based multiplexing solutions across a range of baseband -- across a range of band combinations. We continue to invest ahead of customer and market needs, while sustaining responsible capital return. The success of our early efforts in Asia served as a model for our global operations. Yeah. IDP revenue improved sequentially in the March quarter to $232 million on infrastructure and WiFi growth. Ed, thanks for your question. Ancillary question. On the wireless infrastructure front, can you touch maybe on the -- just the competitive landscape? Related: Qorvo Q1 2020 Earnings Conference Call Transcript. Douglas DeLieto - Vice President, Investor Relations. And then from that point, the mobile handset becomes the infrastructure and then ties you into your smart home and your automobile and a host of other applications. That's correct. James, huge upside, I was hoping you could help us understand where the upside came in June and where you see the upside here in September. 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? The company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. During our call, our comments and comparisons to income statement items will be based primarily on non-GAAP results. In summary, we're pleased with our financial and operating performance in the June quarter and we are confident in our outlook for September. First of all, when you say Korea, a year ago, we're just turning the corner and realigning our portfolio with Samsung. Bill Peterson -- J.P. Morgan & Co. -- Analyst. Yeah. That's very helpful. So that's important. Yeah. I think, first of all, we're really pleased to hit a milestone, which has been following us for some time. That really stands out and highlights the breadth of your offering that I don't think anyone else can match. And then we have some product mix effects that are drags as well. Prepared Remarks: Operator. There's more bands generally added to the phone. Another one for James. So it's very strong given the environment. And year over year, you guys will be amazed that the growth that this company has put up less Huawei. Yeah, thanks for that. Hi, thank you very much. 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