Qorvo, Inc. (QRVO) Q2 2023 Earnings Call Transcript

Qorvo, Inc. (NASDAQ:QRVO) Q2 2023 Earnings Conference Call November 2, 2022 5:00 PM ET

Company Participants

Douglas DeLieto - Vice President-Investor Relations

Bob Bruggeworth - President and Chief Executive Officer

Grant Brown - Interim Chief Financial Officer

David Fullwood - Senior Vice President, Sales and Marketing

Eric Creviston - Head-Connectivity & Sensors

Conference Call Participants

Toshiya Hari - Goldman Sachs

Gary Mobley - Wells Fargo

Vivek Arya - Bank of America

Karl Ackerman - BNP Paribas

Timothy Arcuri - UBS

Edward Snyder - Charter Equity Research

Matthew Ramsay - Cowen and Company

Ambrish Srivastava - BMO Capital Markets

Christopher Rolland - Susquehanna Financial

Rajvindra Gill - Needham & Company

Operator

Greetings, and welcome to the Qorvo Second 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. Please go ahead.

Douglas DeLieto

Thanks very much. Hello, everybody, and welcome to Qorvo's fiscal 2023 second 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 statements contained in the earnings release published today as well as 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 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 website at qorvo.com under Investors.

Joining us today are Bob Bruggeworth, President and CEO; Grant Brown, CFO; and Dave Fullwood, Senior Vice President, Sales and Marketing; as well as other members of Qorvo's management team.

And with that, I'll turn the call over to Bob.