What drove QRVO's consistent EPS growth in 2025?

Qorvo's consistent EPS growth in 2025 can be attributed to several key factors: 1. **Strategic Initiatives**: Qorvo has been executing a broad set of strategic initiatives aimed at expanding margin, generating strong free cash flow, and increasing shareholder value. These initiatives have likely contributed to improved profitability and, consequently, EPS growth. 2. **Defense and Aerospace Segment Growth**: The Defense and Aerospace segment has seen significant growth, with December 2024 being a record revenue quarter. This segment's strong performance has likely boosted Qorvo's overall profitability and EPS. 3. **High-Margin Opportunities**: Qorvo is focusing on high-margin opportunities by exiting lower-margin mass-tier Android 5G programs. This strategic shift has likely improved the company's gross and operating margins, which in turn have contributed to higher EPS. 4. **Sector Demand Drivers**: The semiconductor industry, including Qorvo's sector, is benefiting from secular trends such as 5G, Internet of Things, autonomous driving, and high-performance computing, particularly in AI and machine learning. These demand drivers have likely supported Qorvo's revenue and profitability. 5. **Financial Management**: Qorvo's strong financial management, as evidenced by improved gross margin and operating income, has likely led to better EPS performance. The company's cost management and operational efficiency have been critical in driving profitability. In summary, Qorvo's consistent EPS growth in 2025 is a result of a combination of strategic initiatives, segment-specific growth, high-margin focus, industry demand, and effective financial management.