| SELECTED NON-GAAP RESULTS1 | ||||||||||
| (Unaudited) | ||||||||||
| (In millions, except for percentages and EPS) | ||||||||||
| Qorvo | Qorvo | |||||||||
|
For the quarter
ended January 2, 2016 |
For the quarter
ended October 3, 2015 |
Change vs. Q2
FY 2016 | ||||||||
| Revenue | $ | 619.7 | $ | 707.4 | $ | (87.7 | ) | |||
| Gross profit | $ | 296.7 | $ | 351.6 | $ | (54.9 | ) | |||
| Gross margin | 47.9 | % | 49.7 | % | -1.8 | ppt | ||||
| Operating expenses | $ | 139.8 | $ | 156.8 | $ | (17.0 | ) | |||
| Operating income | $ | 156.9 | $ | 194.8 | $ | (37.9 | ) | |||
| Net income | $ | 148.0 | $ | 183.3 | $ | (35.3 | ) | |||
| Weighted average diluted shares | 144.1 | 150.8 | (6.7 | ) | ||||||
| Diluted EPS | $ | 1.03 | $ | 1.22 | $ | (0.19 | ) | |||
| SELECTED GAAP RESULTS | |||||||||
| (Unaudited) | |||||||||
| (In millions, except for percentages and EPS) | |||||||||
| Qorvo | RFMD | TriQuint | |||||||
|
For the quarter
ended January 2, 2016 |
For the quarter
ended December 27, 2014 |
For the quarter
ended December 31, 2014 | |||||||
| Revenue | $ | 620.7 | $ | 397.1 | $ | 344.9 | |||
| Gross profit | $ | 231.0 | $ | 190.7 | $ | 161.3 | |||
| Gross margin | 37.2 | % | 48.0 | % | 46.8 | % | |||
| Operating expenses | $ | 244.2 | $ | 87.1 | $ | 85.0 | |||
| Operating (loss) income | $ | (13.2 | ) | $ | 103.6 | $ | 76.3 | ||
| Net (loss) income | $ | (11.1 | ) | $ | 87.9 | $ | 61.6 | ||
| Weighted average diluted shares before conversion | N/A | 297.8 | 188.4 | ||||||
| Conversion rate 2 | N/A | 0.25 | 0.4187 | ||||||
| Adjusted weighted average diluted shares | 139.3 | 74.5 | 78.9 | ||||||
| Diluted EPS after conversion | $ | (0.08 | ) | $ | 1.18 | $ | 0.78 | ||
