Qorvo, Inc. (QRVO) Q3 2023 Earnings Call Transcript

Qorvo, Inc. (NASDAQ:QRVO) Q3 2023 Results Conference Call February 1, 2023 5:00 PM ET

Company Participants

Douglas DeLieto - VP, IR

Bob Bruggeworth - President and CEO

Grant Brown - CFO

Dave Fullwood - SVP, Sales and Marketing

Conference Call Participants

Toshiya Hari - Goldman Sachs

Karl Ackerman - BNP Paribas

Gary Mobley - Wells Fargo Securities

Edward Snyder - Charter Equity Research

Vivek Arya - Bank of America

Blayne Curtis - Barclays

Matt Ramsay - Cowen

Rajvindra Gill - Needham & Company

Chris Caso - Raymond James

Harsh Kumar - Piper Sandler

Joe Moore - Morgan Stanley

Atif Malik - Citi

Ambrish Srivastava - BMO Capital Markets

Operator

Greetings, and welcome to the Qorvo, Inc. Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Douglas DeLieto, Vice President of Investor Relations. Thank you. You may begin.

Douglas DeLieto

Thanks very much. Hello, everyone, and welcome to Qorvo’s Fiscal 2023 Third Quarter Earnings Conference Call.

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. 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.

In today’s release and on today’s call, we provide both GAAP and non-GAAP financial results. We provide this supplemental information to enable investors to perform additional comparisons of operating results and to analyze financial performance without the impact of certain noncash expenses or any -- or other items that may obscure trends in our underlying performance. During our call, our comments and comparisons to income statement items will be based primarily on non-GAAP results. For a complete reconciliation of GAAP to non-GAAP financial measures, please refer to our earnings release issued earlier today available on our Investor Relations website at ir.qorvo.com under Financial Releases.

Joining us today are Bob Bruggeworth, President and CEO; and Grant Brown, Chief Financial Officer; Dave Fullwood, Senior Vice President of Sales and Marketing and other members of Qorvo’s management team.