Qorvo announced its fiscal 2026 fourth quarter results with $808.3 million in revenue, a GAAP gross margin of 48.9%, and non-GAAP diluted EPS of $1.69. The company highlighted operational improvements and expects non-GAAP gross margins above 50% and EPS near $7.00 for fiscal 2027. Qorvo also generated $255 million in free cash flow and repurchased $400 million in shares during the quarter, signaling strong financial health amid its pending merger with Skyworks.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
When Bitcoin blocks reach their 4 million weight unit limit, new transactions don't stop but enter a competitive fee auction in the mempool, where miners prioritize higher-fee transactions for confirmation. This dynamic means transactions with low fe...
Legrand SA has shown solid growth driven by strong demand in datacentres and effective operating leverage, despite facing unit margin pressures from raw material inflation and tariffs. The company expects organic growth of 4-7% and plans pricing acti...
FTX is set to distribute an additional $900 million to creditors, bringing total repayments to over $10 billion. This milestone marks significant progress in the bankruptcy process, offering hope to creditors who have been awaiting recovery of their ...
Zoom Communications has appointed Carlos Quaderi as Head of Asia Pacific (APAC), effective August 1, 2026, to lead its growth strategy across the region excluding Japan. Quaderi, with over 30 years of experience and previous leadership roles at Workd...
