Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Qorvo, Inc. Earnings Release 2015

Nov 5, 2015

30711_rns_2015-11-05_eb14adb1-53d2-47ec-bbc0-5cf42fb3c61e.zip

Earnings Release

Open in viewer

Opens in your device viewer

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

November 5, 2015

(Date of earliest event reported)

Qorvo, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-36801 46-5288992
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
7628 Thorndike Road, Greensboro, North Carolina 27409-9421
and
2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124
(Address of principal executive offices)
(Zip Code)
(336) 664-1233 and (503) 615-9000
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On November 5, 2015 , Qorvo, Inc. issued a press release announcing financial results for its fiscal 2016 second quarter ended October 3, 2015 . A copy of this press release is furnished as Exhibit 99.1.

Item 8.01 Other Events.

On November 5, 2015, Qorvo, Inc. announced that its Board of Directors has authorized a new share repurchase program to repurchase up to $1 billion of its common stock. Under the new share repurchase program, share repurchases will be made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which Qorvo repurchases its shares, the number of shares and the timing of any repurchases will depend on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. The program, which is effective immediately and expires on November 4, 2016, does not require Qorvo to repurchase a minimum number of shares, and may be modified, suspended or terminated at any time without prior notice.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
99.1 Press release, dated November 5, 2015 announcing financial results for Qorvo's fiscal 2016 second quarter ended October 3, 2015 and share repurchase program.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Qorvo, Inc.
By: /s/ Steven J. Buhaly
Steven J. Buhaly
Chief Financial Officer

Date: November 5, 2015

EXHIBIT INDEX

Exhibit No. Description of Exhibit
99.1 Press release, dated November 5, 2015 announcing financial results for Qorvo's fiscal 2016 second quarter ended October 3, 2015 and share repurchase program.