Non-GAAP operating income and operating margin. ET today to discuss today’s press release. New Release: Qorvo GaN Library 20.4.4: Modelithics, Inc. 9/29/2020 Modelithics Qorvo GaN Library v19.4.1 Now Available! On a non-GAAP basis, gross margin was 48.6%, operating income was $204 million and diluted earnings per share was $1.50. Qorvo® to Present at Wells Fargo TMT Virtual Summit. Qorvo® Announces Fiscal 2021 Second Quarter Financial Results. About Qorvo Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. If you're interested in being added to our media/industry analyst list, please forward your contact information to Brent Dietz, Director of Corporate Communications. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. All News Headlines and Company Releases. Non-GAAP research and development and selling, general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets and certain non-cash expenses (primarily acquisition and integration related costs). Qorvo® to Present at Wells Fargo TMT Virtual Summit. Non-GAAP net income and non-GAAP net income per diluted share. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. The Qorvo team continues to operate very well in a challenging environment. Qorvo stock jumped on the news Wednesday, as did shares of peers Qualcomm and Skyworks Solutions . GREENSBORO, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Wells Fargo Tech, Media & Telecom (“TMT”) Virtual Summit on Tuesday, December 1, 2020 at 10:00 a.m. Free cash flow. Qorvo's new 10-member board of directors includes four independent directors from each of the RFMD and TriQuint boards: Daniel A. DiLeo, Jeffery R. … Qorvo, a provider of radio frequency (RF) chips, is well-poised to benefit from the increase in production ramp-up of Apple’s iPhones. GREENSBORO, N.C., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Qorvo® … Net debt or positive net cash. Qorvo further provides defense customers with … We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. Qorvo — The semiconductor company's stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo's gross profit and gross margins and other financial measures in comparison to prior periods. NEWS RELEASE Continued About Qorvo Inc. Qorvo (Nasdaq:QRVO) is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications. GREENSBORO, N.C., July 29, 2020 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for … ANN ARBOR, Mich., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Zomedica Pharmaceuticals Corp. 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