Shares of Qorvo (QRVO) are down more than 12% Friday after the company missed on earnings per share expectations.
This was the one sentence in the conference call that destroyed Qorvo, according to Cramer: "Within the quarter, we experienced lower-than-expected manufacturing yields during a steep product ramp to a large customer."
That "large customer" was most likely Apple (AAPL) , he said and it shows that Qorvo couldn't keep up with demand for the company. Skyworks Solutions (SWKS) , on the other hand was able to keep up with demand.
It shows that Qorvo, for the second quarter in a row, is still falling short, Cramer said. That's why the stock is down so much Friday. Investors are frustrated with the chip company's shortcomings.