Excellent Earnings Propelled Prices of These 10 Firms

3. Qorvo Inc. (NASDAQ:QRVO)

Qorvo Inc. jumped by 14.4 percent on Wednesday to close at $71.67 apiece after announcing an impressive earnings performance in the fourth quarter of fiscal year 2025.

In a statement, Qorvo Inc. (NASDAQ:QRVO) said net income in the fourth quarter expanded by 1,063 percent to $31.4 million from $2.7 million in the same period a year earlier, despite revenues dropping by 7.6 percent to $869.5 million from $941 million year-on-year.

“Looking across our business segments, our growth and margin targets are anchored in a multi-year strategy focused on winning content with our largest customer and building on our core RF and power expertise to drive diversification through CSG and HPA. We are on a path to continue to improve our business mix and our manufacturing footprint,” said Qorvo Inc. (NASDAQ:QRVO) President and CEO Bob Bruggeworth.

Looking ahead, QRVO expects revenues to settle at $775 million, plus or minus $25 million, in June 2025, with a non-GAAP gross margin between 42 and 44 percent.