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iPhone, IoT and GaN Lift Qorvo

Buoyed by Apple's iPhone launch and demand for IoT and GaN components, Qorvo's revenue grew modestly in the third quarter of fiscal 2018 to $846 million, up 3 percent sequentially and 2 percent year-over-year. The infrastructure and defense business achieved record revenue of $203 million. While the mobile products unit benefitted from the latest iPhone models, revenue was down 2 percent year-over-year.


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Apple Achieves Record Financial Performance

Reflecting the launch of the iPhone X, 8 and 8 Plus, Apple reported record financial performance for the company's December quarter. Revenue was $88.3 billion, 13 percent above the prior year's quarter and a 68 percent jump from the prior quarter. On a per week basis, iPhone shipments were 6 percent above last year's quarter.


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IDT Posts Revenue, Margin Growth

Communications Infrastructure segment revenue down slightly Q/Q

IDT reported revenue of $217 million for the fiscal third quarter of 2018, a sequential growth of 6.2 percent and 23 percent above the prior year's quarter. Revenue in the communications infrastructure market was down slightly from the prior quarter, reflecting softness in Asia.


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Wolfspeed Posts Strong Growth, Scrambles to Add Capacity

Wolfspeed grew revenue 30 percent year-over-year during the second quarter of fiscal 2018, to $70.6 million, which reflected strong demand for SiC devices for electric vehicles. The better-than-expected revenue was limited by production capacity, as the capital investment to double Wolfspeed’s capacity won’t be fully online until the end of calendar 2018.


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