Smartphone chipmaker Qorvo (NASDAQ: QRVO) crashed 25.5% through 10:55 a.m. ET Wednesday despite beating consensus projections for sales and earnings last night.

Heading into its fiscal Q2 2025 earnings report, analysts forecast Qorvo would earn $1.85 per share (pro forma) on $1.03 billion in sales. Qorvo instead reported $1.88 per share in profit and sales of $1.05 billion -- beating on both top and bottom lines.

But here's the thing: Despite "beating estimates," Qorvo's Q2 numbers were objectively terrible.

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Source Fool.com