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Qorvo, Inc.

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Qorvo reported healthy second-quarter fiscal 2016 results as adjusted earnings comfortably beat the Zacks Consensus Estimate on nearly two-fold jump in revenues. Qorvo is likely to gain a competitive advantage in the industry through economies of scale and cost efficiency by mutual sharing of resources of the merged entities. The company boasts the industry’s most comprehensive product portfolio, advanced technologies, and system-level expertise. However, Qorvo operates in a competitive landscape that is becoming more complex with low barriers to entry. Macroeconomic turmoil and downturn in the semiconductor industry further add to significant pricing pressure. Higher R&D costs in order to continuously develop new products further shrink margins.

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