04:20 PM EDT, 10/29/2024 (MT Newswires) -- Qorvo ( QRVO ) reported fiscal Q2 non-GAAP earnings late Tuesday of $1.88 per diluted share, down from $2.39 a year earlier.

Analysts polled by Capital IQ expected $1.85.

Revenue for the quarter ended Sept. 28 was $1.05 billion, down from $1.10 billion a year earlier. Analysts surveyed by Capital IQ expected $1.03 billion.

The company said it expects fiscal Q3 non-GAAP diluted EPS of between $1.10 and $1.30 on revenue of $900 million, plus or minus $25 million. Analysts expect normalized EPS of $1.94 on revenue of $1.05 billion.

Qorvo ( QRVO ) stock was down almost 14% in recent after-hours activity

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