Processors and Graphics Chips Stocks Q3 Earnings: Qorvo (NASDAQ:QRVO) Best of the Bunch

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As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at processors and graphics chips stocks, starting with Qorvo .

The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles.

The 8 processors and graphics chips stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.4% while next quarter’s revenue guidance was above.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.1% since the latest earnings results.

Best Q3: Qorvo

Formed by the merger of TriQuint and RF Micro Devices, Qorvo is a designer and manufacturer of RF chips used in almost all smartphones globally, along with a variety of chips used in networking equipment and infrastructure.

Qorvo reported revenues of $1.06 billion, up 1.1% year on year. This print exceeded analysts’ expectations by 1.9%. Overall, it was an exceptional quarter for the company with a significant improvement in its inventory levels and revenue guidance for next quarter exceeding analysts’ expectations.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, “In the September quarter, ACG supported our largest customer’s smartphone ramp while continuing to serve Android’s premium and flagship tiers. In HPA, we grew our D&A and infrastructure businesses while supporting a recently launched smartwatch with our power management ICs. In CSG, we consolidated our organizational structure to improve profitability and prioritize opportunities in automotive, industrial, enterprise, and other markets. In the December quarter, we expect year-over-year revenue growth and margin expansion, supported by strategic customers in mobile and D&A markets."

Qorvo delivered the slowest revenue growth of the whole group. Unsurprisingly, the stock is down 7% since reporting and currently trades at $88.18.

Is now the time to buy Qorvo? Access our full analysis of the earnings results here, it’s free for active Edge members.

Qualcomm

Having been at the forefront of developing the standards for cellular connectivity for over four decades, Qualcomm is a leading innovator and a fabless manufacturer of wireless technology chips used in smartphones, autos and internet of things appliances.

Qualcomm reported revenues of $11.27 billion, up 10% year on year, outperforming analysts’ expectations by 4.6%. The business had an exceptional quarter with a significant improvement in its inventory levels and revenue guidance for next quarter exceeding analysts’ expectations.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 1.2% since reporting. It currently trades at $171.01.

Is now the time to buy Qualcomm? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Allegro MicroSystems

The result of a spinoff from Sanken in Japan, Allegro MicroSystems is a designer of power management chips and distance sensors used in electric vehicles and data centers.

Allegro MicroSystems reported revenues of $214.3 million, up 14.4% year on year, exceeding analysts’ expectations by 1.4%. Still, it was a mixed quarter as it posted EPS in line with analysts’ estimates.

As expected, the stock is down 15.1% since the results and currently trades at $26.09.

Read our full analysis of Allegro MicroSystems’s results here.

Penguin Solutions

Based in the US, Penguin Solutions is a diversified semiconductor company offering memory, digital, and LED products.

Penguin Solutions reported revenues of $337.9 million, up 8.6% year on year. This number missed analysts’ expectations by 1.3%. More broadly, it was a satisfactory quarter as it also logged a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue estimates.

Penguin Solutions had the weakest performance against analyst estimates among its peers. The stock is down 23.3% since reporting and currently trades at $20.80.

Read our full, actionable report on Penguin Solutions here, it’s free for active Edge members.

AMD

Founded in 1969 by a group of former Fairchild semiconductor executives led by Jerry Sanders, Advanced Micro Devices is one of the leading designers of computer processors and graphics chips used in PCs and data centers.

AMD reported revenues of $9.25 billion, up 35.6% year on year. This result surpassed analysts’ expectations by 5.6%. It was a strong quarter as it also logged an impressive beat of analysts’ revenue estimates and revenue guidance for next quarter beating analysts’ expectations.

AMD scored the biggest analyst estimates beat among its peers. The stock is down 13.7% since reporting and currently trades at $215.80.

Read our full, actionable report on AMD here, it’s free for active Edge members.

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Airbus awards Senior multi-year contract for aerospace parts

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Investing.com -- Senior plc (LON:SNR) has been awarded a multi-year contract by Airbus for aerospace standard parts, the company announced Wednesday.

The agreement covers design, qualification, and manufacture of standard parts for fluid conveyance applications.

These components will be used in both dual and single-aisle commercial aircraft, with potential for significant opportunities in the spares and repairs markets afterward.

Delivery of the parts is scheduled to begin in the first quarter of 2026 from Senior’s European facilities. The new product lines will enhance the company’s pressed, formed, and highly engineered standard component capabilities.

This contract represents an important development for Senior, whose management has focused on its "standard parts" strategy over recent years. The agreement is the result of extensive work over multiple years, and analysts believe there remains considerable upside potential with Airbus in this area.

The contract is expected to reach full production ramp-up in 2027. Senior’s share price currently stands at 182.60p, with some analysts maintaining a buy rating and a price target of 230.00p, representing 26% upside potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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ZIGUP reports strong first half, profit outlook raised

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Investing.com -- ZIGUP plc delivered strong first-half results on Wednesday with rental businesses performing well, prompting the company to raise its full-year profit outlook.

The integrated mobility solutions provider reported a 2.9% increase in total revenue to £929.6 million for the six months ended October 31, while underlying EBIT rose 1.4% to £100.4 million.

Spain delivered standout performance with vehicle hire revenue up 16.3%, driven by strong vehicle-on-hire growth. UK and Ireland rental revenue increased 6.5% through product mix and pricing actions.

"It has been a great start to the year for our rental businesses with Spain delivering a standout performance and UK&I Rental showing good momentum with recent fleet wins and expansion of our specialist fleet," said CEO Martin Ward.

The company secured several new insurance contracts, including with broker Howden Insurance and a multi-year renewal with Tesco Insurance.

ZIGUP announced plans to simplify its UK and Ireland operating model around two businesses - Northgate Mobility and FMG - which is expected to deliver approximately £20 million in annual savings by fiscal 2028.

Based on strong operational performance and favorable Spanish market conditions, ZIGUP now expects full-year underlying profit before tax to be "at least at the top" of the £150-155 million range of analyst expectations.

The company declared an interim dividend of 8.8 pence per share, unchanged from the previous year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Smiths Group to sell Smiths Detection to CVC Capital for £2 billion

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Investing.com -- Smiths Group has agreed to sell its threat detection and security screening technology business, Smiths Detection, to funds advised by CVC Capital Partners for £2.0 billion ($2.64 billion), including debt and cash.

The U.K. engineering company said Wednesday that the transaction is expected to be completed in the second half of 2026. Smiths Group plans to return a significant portion of the net cash proceeds to shareholders and will provide details on timing and mechanisms later.

This deal follows the previously announced sale of Smiths Interconnect in October. Together, the two transactions represent a combined enterprise value of £3.3 billion, according to the London-based group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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REG - Advent Capital Mgmt Qualcomm Inc - Form 8.3 - Qualcomm

London Stock Exchange

Qualcomm

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RNS Number : 0592K Advent Capital Management UK Ltd 03 December 2025

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	Advent Capital Management, LLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Qualcomm Incorporated
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	2nd December 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	Yes, Alphawave IP Group plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	USD 0.0001 Common Stock (US7475251036)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:			0	0.00%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:			0	0.00%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
USD 0.0001 Common Stock	Purchase	2000	168.6733
USD 0.0001 Common Stock	Purchase	1000	168.5301

(b) Cash-settled derivative transactions

Class of relevant security
Product description
e.g. CFD
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
Number of reference securities
Price per unit

(i) Writing, selling, purchasing or varying

Class of relevant security
Product description e.g. call option
Writing, purchasing, selling, varying etc.
Number of securities to which option relates
Exercise price per unit
Type
e.g. American, European etc.
Expiry date
Option money paid/ received per unit

(ii) Exercise

Class of relevant security
Product description
e.g. call option
Exercising/ exercised against
Number of securities
Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security
Nature of dealing
e.g. subscription, conversion
Details
Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
NONE

Is a Supplemental Form 8 (Open Positions) attached?
No

Date of disclosure:	2nd December 2025
Contact name:	Tim Doolan
Telephone number*:	020 3357 9995

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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Rivian to recall 34,824 U.S. vehicles over seat belt safety issue

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Investing.com -- Rivian Automotive will recall 34,824 vehicles in the United States due to a damaged seat belt pretension cable that could fail to properly restrain the driver during a crash, increasing injury risk.

The U.S. National Highway Traffic Safety Administration (NHTSA) announced the recall on Wednesday. The affected vehicles include certain 2022-2025 EDV models.

To address the safety concern, Rivian has already issued an over-the-air software update for the affected vehicles. Additionally, the company will inspect and replace the driver’s seat belt pretension assembly if necessary, according to the regulator.

The pretension cable is a critical safety component that tightens the seat belt immediately during a collision to better secure the occupant.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Indonesia stocks lower at close of trade; IDX Composite Index down 0.13%

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Apple

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Investing.com – Indonesia stocks were lower after the close on Wednesday, as losses in the Financials, Agriculture and Basic Industry sectors led shares lower.

At the close in Jakarta, the IDX Composite Index fell 0.13%.

The best performers of the session on the IDX Composite Index were Cilacap Samudera Fishing Industry Tbk PT (JK:ASHA), which rose 34.85% or 23.00 points to trade at 89.00 at the close. Meanwhile, Triniti Dinamik PT Tbk (JK:TRUE) added 33.33% or 42.00 points to end at 168.00 and Martina Berto Tbk (JK:MBTO) was up 27.95% or 45.00 points to 206.00 in late trade.

The worst performers of the session were Pt Pradiksi Gunatama Tbk (JK:PGUN), which fell 14.81% or 1,700.00 points to trade at 9,775.00 at the close. Utama Radar Cahaya Tbk PT (JK:RCCC) declined 9.01% or 20.00 points to end at 202.00 and Sunson Textile Manufacturer (JK:SSTM) was down 8.41% or 140.00 points to 1,525.00.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 349 to 326 and 168 ended unchanged.

Shares in Triniti Dinamik PT Tbk (JK:TRUE) rose to 3-years highs; up 33.33% or 42.00 to 168.00.

Crude oil for January delivery was up 0.65% or 0.38 to $59.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.54% or 0.34 to hit $62.79 a barrel, while the February Gold Futures contract rose 0.33% or 14.10 to trade at $4,234.90 a troy ounce.

USD/IDR was up 0.22% to 16,628.90, while AUD/IDR rose 0.24% to 10,929.31.

The US Dollar Index Futures was down 0.13% at 99.17.

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