Qorvo, Inc. QRVO

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Qorvo® is a global leader in the development and commercialization of technologies and products for wireless, wired and power markets.

We are organized into three operating and reportable segments that align our technologies and applications with customers and end markets: High Performance Analog ("HPA"), Connectivity and Sensors Group ("CSG") and Advanced Cellular Group ("ACG").

HPA is a leading global supplier of radio frequency ("RF"), analog mixed signal and power management solutions. CSG is a leading global supplier of connectivity solutions, with broad expertise spanning ultra-wideband ("UWB"), Matter®, Bluetooth® Low Energy ("BLE"), Zigbee®, Thread®, Wi-Fi® and cellular solutions for the Internet of

Last close 114.17 2026-10-02
Market cap $10.05B 2026-03-28 share count
52-week range 74.92 - 121.09

Valuation FY2025 figures against the last close

P/S2.7x
P/E31.5x
P/FCF14.8x
EV/EBITDA18.4x
Dividend yield—
Diluted EPS3.62

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.68B$3.72B$3.77B$3.57B$4.65B$4.02B$3.24B$3.09B$2.97B$3.03B
Cost of revenue $1.99B$2.18B$2.28B$2.27B$2.36B$2.13B$1.92B$1.90B$1.83B$1.90B
Gross profit $1.69B$1.54B$1.49B$1.30B$2.29B$1.88B$1.32B$1.20B$1.15B$1.14B
R&D $726.1M$747.7M$682.2M$649.8M$623.6M$570.4M$484.4M$450.5M$445.1M$470.8M
SG&A $165.2M$171.7M$171.9M$148.1M$349.7M$367.2M$343.6M$476.1M$527.8M$545.6M
Total operating expenses $1.28B$1.44B$1.40B$1.11B$1.06B$976.9M$898.5M$978.7M$1.08B$1.05B
Operating income $411.4M$95.5M$91.7M$183.2M$1.23B$906.6M$423.2M$216.5M$70.3M$88.1M
Interest expense $73.1M$78.3M$69.2M$68.5M$63.3M$75.2M$60.4M$44.0M$59.5M$58.9M
Pre-tax income $398.3M$65.9M$73.6M$124.6M$1.18B$807.4M$395.1M$91.8M$17.1M$27.3M
Income tax $59.3M$10.3M$143.9M$21.5M$147.7M$73.8M$60.8M$41.3M$57.4M$43.9M
Net income $339.0M$55.6M-$70.3M$103.2M$1.03B$733.6M$334.3M$133.1M-$40.3M-$16.6M
EPS, basic 3.660.59-0.721.019.386.432.861.07-0.32-0.13
EPS, diluted 3.620.58-0.721.009.266.322.801.05-0.32-0.13
Shares, diluted (wtd. avg.) 93.5M95.5M97.6M103.0M111.5M116.0M119.3M127.4M126.9M127.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.22B$1.02B$1.03B$808.9M$972.8M$1.40B$715.6M$711.4M$926.4M$545.8M
Short-term investments ———————$58.0M$0—
Receivables $382.5M$386.7M$413.0M$304.5M$568.9M$457.4M$367.2M$378.2M$346.0M$357.9M
Inventory $553.7M$641.0M$710.6M$796.6M$755.7M$507.8M$517.2M$511.8M$472.3M$430.5M
Total current assets $2.31B$2.17B$2.45B$2.03B$2.45B$2.48B$1.69B$1.68B$1.84B$1.46B
Property, plant and equipment $710.4M$801.9M$871.0M$1.15B$1.25B$1.27B$1.26B$1.37B$1.37B$1.39B
Goodwill $2.35B$2.39B$2.53B$2.76B$2.78B$2.64B$2.61B$2.17B$2.17B$2.17B
Other intangibles $121.5M$273.5M$509.4M$537.7M$674.8M$611.2M$808.9M$408.2M$860.3M$1.40B
Total assets $5.83B$5.93B$6.55B$6.69B$7.51B$7.22B$6.56B$5.81B$6.38B$6.52B
Accounts payable $242.9M$260.7M$253.0M$210.7M$327.9M$313.9M$247.0M$233.3M$213.2M$216.2M
Short-term debt —$0$438.7M$310.0K$791.0K$5.1M$6.9M$80.0K——
Total current liabilities $712.8M$783.2M$1.23B$555.8M$675.1M$681.6M$539.0M$435.6M$441.3M$418.8M
Long-term debt $1.55B$1.55B$1.55B$2.05B$2.05B$1.74B$1.57B$920.9M$983.3M$989.2M
Total liabilities $2.48B$2.54B$3.00B$2.79B$2.96B$2.59B$2.27B$1.45B$1.61B$1.63B
Retained earnings $38.8M-$34.0M-$89.6M$84.5M$512.1M$355.0M$0-$321.2M-$458.8M-$456.4M
Total equity $3.34B$3.39B$3.56B$3.90B$4.55B$4.63B$4.29B$4.36B$4.78B$4.90B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $808.6M$622.2M$833.2M$843.2M$1.05B$1.30B$945.6M$810.4M$852.5M$776.8M
Depreciation and amortisation $151.3M$163.2M$193.0M$206.4M$210.9M$203.2M$221.6M$208.6M$174.4M$209.8M
Stock-based compensation $136.1M$136.3M$120.8M$105.6M$83.5M$89.3M$76.0M$71.6M$68.2M$88.8M
Capital expenditure $129.1M$137.6M$127.2M$159.0M$213.5M$187.0M$164.1M$220.9M$269.8M$552.7M
Investing cash flow -$43.6M$36.6M-$136.5M-$153.4M-$596.0M-$218.7M-$1.11B-$247.6M-$277.4M-$490.3M
Financing cash flow -$566.5M-$684.4M-$459.6M-$853.4M-$875.5M-$401.9M$165.6M-$776.7M-$196.8M-$165.7M
Buybacks $532.6M$356.3M$400.1M$861.8M$1.15B$515.1M$515.1M$638.1M$219.9M$209.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-285512.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 3B Gross profit, FY2016: 1.1B Net income, FY2016: -16.6M Revenue, FY2017: 3B Gross profit, FY2017: 1.1B Net income, FY2017: -40.3M Revenue, FY2018: 3.1B Gross profit, FY2018: 1.2B Net income, FY2018: 133.1M Revenue, FY2019: 3.2B Gross profit, FY2019: 1.3B Net income, FY2019: 334.3M Revenue, FY2020: 4B Gross profit, FY2020: 1.9B Net income, FY2020: 733.6M Revenue, FY2021: 4.6B Gross profit, FY2021: 2.3B Net income, FY2021: 1B Revenue, FY2022: 3.6B Gross profit, FY2022: 1.3B Net income, FY2022: 103.2M Revenue, FY2023: 3.8B Gross profit, FY2023: 1.5B Net income, FY2023: -70.3M Revenue, FY2024: 3.7B Gross profit, FY2024: 1.5B Net income, FY2024: 55.6M Revenue, FY2025: 3.7B Gross profit, FY2025: 1.7B Net income, FY2025: 339M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.03B $2.97B $3.09B $3.24B $4.02B $4.65B $3.57B $3.77B $3.72B $3.68B
Gross profit $1.14B $1.15B $1.20B $1.32B $1.88B $2.29B $1.30B $1.49B $1.54B $1.69B
Net income -$16.6M -$40.3M $133.1M $334.3M $733.6M $1.03B $103.2M -$70.3M $55.6M $339.0M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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