Qorvo (QRVO) reported results with revenue of $993 million, which was in line with expectations. They beat on earnings per share, posting $2.17 against the $1.86 estimate. However, the stock dropped over 4% following the news. Guidance looks like the problem here. They projected next quarter's EPS at $1.20, missing the analyst consensus of $1.37. Management mentioned seasonal declines from their biggest customer as a factor.