Qorvo (QRVO)

Nasdaq Information Technology Semiconductors S&P SmallCap 600

$114.17

+1.96 (+1.75%)

Close of Oct 02, 2026 · end-of-day data

Source: Qorvo's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$3.03B	$2.97B	$3.09B	$3.24B	$4.02B	$4.65B	$3.57B	$3.77B	$3.72B	$3.68B
Cost of revenue	$1.90B	$1.83B	$1.90B	$1.92B	$2.13B	$2.36B	$2.27B	$2.28B	$2.18B	$1.99B
Gross profit	$1.14B	$1.15B	$1.20B	$1.32B	$1.88B	$2.29B	$1.30B	$1.49B	$1.54B	$1.69B
Research & development	$470.84M	$445.10M	$450.48M	$484.41M	$570.39M	$623.64M	$649.84M	$682.25M	$747.71M	$726.12M
Selling, general & admin	$545.59M	$527.75M	$476.07M	$343.57M	$367.24M	$349.72M	$358.79M	$389.14M	—	—
Operating income	$88.06M	$70.28M	$216.47M	$423.22M	$906.63M	$1.23B	$183.17M	$91.70M	$95.53M	$411.42M
Interest expense	$58.88M	$59.55M	$43.96M	$60.39M	$75.20M	$63.33M	$68.46M	$69.25M	$78.33M	$73.13M
Pre-tax income	$27.30M	$17.14M	$91.79M	$395.09M	$807.38M	$1.18B	$124.63M	$73.56M	$65.90M	$398.27M
Income tax	$43.86M	$57.43M	-$41.33M	$60.76M	$73.77M	$147.73M	$21.48M	$143.88M	$10.28M	$59.28M
Net income	-$16.56M	-$40.29M	$133.12M	$334.32M	$733.61M	$1.03B	$103.15M	-$70.32M	$55.62M	$338.99M
EBITDA	$297.88M	$244.71M	$425.11M	$644.85M	$1.11B	$1.44B	$389.59M	$284.74M	$258.75M	$562.76M
EPS (basic)	$-0.13	$-0.32	$1.07	$2.86	$6.43	$9.38	$1.01	$-0.72	$0.59	$3.66
EPS (diluted)	$-0.13	$-0.32	$1.05	$2.80	$6.32	$9.26	$1.00	$-0.72	$0.58	$3.62
Diluted shares	127.12M	126.95M	127.36M	119.29M	116.02M	111.55M	103.02M	97.56M	95.45M	93.55M
Gross margin	37.4%	38.6%	38.7%	40.8%	46.9%	49.2%	36.3%	39.5%	41.3%	45.9%
Operating margin	2.9%	2.4%	7.0%	13.1%	22.6%	26.4%	5.1%	2.4%	2.6%	11.2%
Net margin	-0.5%	-1.4%	4.3%	10.3%	18.3%	22.2%	2.9%	-1.9%	1.5%	9.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$545.46M	$926.04M	$711.03M	$714.94M	$1.40B	$972.59M	$808.76M	$1.03B	$1.02B	$1.22B
Short-term investments	$0	$0	—	—	—	—	—	—	—	—
Receivables	$357.95M	$345.96M	$378.17M	$367.17M	$457.43M	$568.85M	$304.52M	$412.96M	$386.72M	$382.51M
Inventory	$430.45M	$472.29M	$511.79M	$517.20M	$507.79M	$755.75M	$796.60M	$710.55M	$640.99M	$553.72M
Total current assets	$1.46B	$1.84B	$1.68B	$1.69B	$2.48B	$2.45B	$2.03B	$2.45B	$2.17B	$2.31B
Goodwill	$2.17B	$2.17B	$2.17B	$2.61B	$2.64B	$2.78B	$2.76B	$2.53B	$2.39B	$2.35B
Total assets	$6.52B	$6.38B	$5.81B	$6.56B	$7.22B	$7.51B	$6.69B	$6.55B	$5.93B	$5.83B
Total current liabilities	$418.83M	$441.28M	$435.61M	$539.00M	$681.58M	$675.13M	$555.76M	$1.23B	$783.18M	$712.76M
Short-term debt	—	—	$80.00K	$6.89M	$5.09M	$791.00K	$310.00K	$438.74M	$0	—
Long-term debt	$989.15M	$983.29M	$920.93M	$1.57B	$1.74B	$2.05B	$2.05B	$1.55B	$1.55B	$1.55B
Total debt	$989.15M	$983.29M	$921.01M	$1.57B	$1.75B	$2.05B	$2.05B	$1.99B	$1.55B	$1.55B
Total liabilities	$1.63B	$1.61B	$1.45B	$2.27B	$2.59B	$2.96B	$2.79B	$3.00B	$2.54B	$2.48B
Shareholders' equity	$4.90B	$4.78B	$4.36B	$4.29B	$4.63B	$4.55B	$3.90B	$3.56B	$3.39B	$3.34B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$776.82M	$852.52M	$810.36M	$945.65M	$1.30B	$1.05B	$843.23M	$833.19M	$622.20M	$808.63M
Capital expenditures	$552.70M	$269.83M	$220.94M	$164.10M	$186.96M	$213.47M	$158.95M	$127.23M	$137.60M	$129.07M
Free cash flow	$224.12M	$582.68M	$589.43M	$781.54M	$1.11B	$835.78M	$684.28M	$705.96M	$484.60M	$679.56M
Investing cash flow	-$490.35M	-$277.41M	-$247.55M	-$1.11B	-$218.66M	-$595.96M	-$153.41M	-$136.47M	$36.55M	-$43.60M
Financing cash flow	-$165.65M	-$196.85M	-$776.66M	$165.56M	-$401.92M	-$875.51M	-$853.35M	-$459.57M	-$684.36M	-$566.53M
Share buybacks	$209.36M	$219.91M	$638.07M	$515.13M	$515.08M	$1.15B	$861.75M	$400.05M	$356.34M	$532.55M
Stock-based compensation	$88.84M	$68.16M	$71.58M	$75.98M	$89.32M	$83.51M	$105.58M	$120.83M	$136.35M	$136.07M
Depreciation & amortization	$209.82M	$174.43M	$208.65M	$221.63M	$203.21M	$210.95M	$206.42M	$193.03M	$163.22M	$151.34M

Income statement

quarters · USD

Quarter ended	Jul 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	$651.16M	$1.10B	$1.07B	$940.99M	$886.67M	$1.05B	$916.32M	$869.47M	$818.78M	$1.06B	$992.96M	$808.28M
Cost of revenue	$422.09M	$613.80M	$685.98M	$559.13M	$554.37M	$601.20M	$524.90M	$502.91M	$486.98M	$561.41M	$528.77M	$413.26M
Gross profit	$229.07M	$489.69M	$387.88M	$381.86M	$332.30M	$445.31M	$391.42M	$366.56M	$331.80M	$497.09M	$464.19M	$395.02M
Research & development	$163.09M	$174.95M	$164.33M	$179.88M	$187.60M	$201.05M	$179.13M	$179.93M	$179.24M	$198.42M	$178.07M	$170.39M
Selling, general & admin	$105.42M	$103.70M	$86.91M	$93.11M	$114.92M	$107.76M	$90.36M	—	—	—	—	—
Operating income	-$48.14M	$151.43M	-$41.57M	$29.98M	$4.61M	$9.68M	$53.02M	$28.22M	$30.09M	$157.68M	$192.14M	$31.51M
Interest expense	$17.26M	$17.12M	$17.58M	$17.28M	$17.09M	$22.59M	$18.66M	$19.98M	$18.79M	$18.48M	$18.02M	$17.84M
Pre-tax income	—	—	—	—	-$723.00K	$2.50M	$48.90M	$15.22M	$31.68M	$155.09M	$189.80M	$21.69M
Income tax	-$8.10M	$42.06M	$83.15M	$26.78M	-$1.14M	$19.94M	$7.62M	-$16.14M	$6.09M	$35.49M	$25.74M	-$8.04M
Net income	-$43.58M	$97.46M	-$126.94M	$2.73M	$414.00K	-$17.43M	$41.27M	$31.36M	$25.59M	$119.60M	$164.06M	$29.73M
EBITDA	$1.90M	$200.58M	$6.09M	$76.17M	$45.88M	$49.96M	$94.37M	$68.53M	$69.55M	$196.47M	$229.37M	$67.37M
EPS (basic)	$-0.44	$1.00	$-1.31	$0.03	$0.00	$-0.18	$0.44	$0.33	$0.28	$1.29	$1.77	$0.33
EPS (diluted)	$-0.44	$0.99	$-1.31	$0.03	$0.00	$-0.18	$0.43	$0.33	$0.27	$1.28	$1.75	$0.32
Diluted shares	98.51M	98.59M	97.15M	-348.00K	96.51M	94.89M	95.03M	-358.00K	93.77M	93.79M	93.57M	-223.00K
Gross margin	35.2%	44.4%	36.1%	40.6%	37.5%	42.6%	42.7%	42.2%	40.5%	47.0%	46.7%	48.9%
Operating margin	-7.4%	13.7%	-3.9%	3.2%	0.5%	0.9%	5.8%	3.2%	3.7%	14.9%	19.4%	3.9%
Net margin	-6.7%	8.8%	-11.8%	0.3%	0.0%	-1.7%	4.5%	3.6%	3.1%	11.3%	16.5%	3.7%

Balance sheet

quarters · USD

Quarter ended	Jul 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Cash & equivalents	$744.43M	$706.84M	$1.07B	$1.03B	$1.08B	$1.10B	$769.43M	$1.02B	$1.17B	$1.10B	$1.32B	$1.22B
Receivables	$307.91M	$592.74M	$483.81M	$412.96M	$424.60M	$580.96M	$427.86M	$386.72M	$328.33M	$543.39M	$487.66M	$382.51M
Inventory	$917.39M	$839.86M	$726.69M	$710.55M	$726.56M	$694.46M	$656.22M	$640.99M	$637.96M	$605.34M	$530.18M	$553.72M
Total current assets	$2.09B	$2.26B	$2.43B	$2.45B	$2.38B	$2.53B	$2.10B	$2.17B	$2.25B	$2.38B	$2.48B	$2.31B
Goodwill	$2.76B	$2.71B	$2.54B	$2.53B	$2.53B	$2.44B	$2.44B	$2.39B	$2.39B	$2.39B	$2.39B	$2.35B
Total assets	$6.69B	$6.72B	$6.70B	$6.55B	$6.45B	$6.50B	$5.96B	$5.93B	$6.00B	$6.10B	$6.16B	$5.83B
Total current liabilities	$638.98M	$671.94M	$1.28B	$1.23B	$1.22B	$1.33B	$807.86M	$783.18M	$798.33M	$804.58M	$675.70M	$712.76M
Short-term debt	$113.00K	$96.00K	$479.96M	$438.74M	$411.85M	$412.18M	$0	$0	—	—	—	—
Long-term debt	$2.05B	$2.05B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B
Total debt	$2.05B	$2.05B	$2.03B	$1.99B	$1.96B	$1.96B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B
Total liabilities	$2.87B	$2.90B	$3.06B	$3.00B	$2.96B	$3.09B	$2.58B	$2.54B	$2.56B	$2.59B	$2.47B	$2.48B
Shareholders' equity	$3.81B	$3.82B	$3.64B	$3.56B	$3.49B	$3.41B	$3.38B	$3.39B	$3.44B	$3.51B	$3.70B	$3.34B

Cash flow

quarters · USD

Quarter ended	Jul 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Operating cash flow	$44.89M	$93.01M	$492.95M	$202.34M	$81.08M	$127.85M	$214.09M	$199.18M	$182.94M	$83.99M	$265.43M	$276.26M
Capital expenditures	$39.47M	$28.61M	$26.44M	$32.72M	$38.23M	$33.01M	$37.84M	$28.51M	$37.54M	$41.80M	$28.50M	$21.23M
Free cash flow	$5.42M	$64.40M	$466.51M	$169.63M	$42.85M	$94.83M	$176.25M	$170.67M	$145.40M	$42.19M	$236.94M	$255.03M
Investing cash flow	-$3.94M	-$20.25M	$902.00K	-$113.18M	-$17.18M	-$34.83M	-$7.07M	$95.64M	-$33.33M	-$32.68M	$4.28M	$18.13M
Financing cash flow	-$105.19M	-$109.13M	-$113.54M	-$131.72M	-$29.52M	-$79.73M	-$531.68M	-$43.42M	-$6.93M	-$113.32M	-$54.20M	-$392.08M
Share buybacks	$100.02M	$100.01M	$100.02M	$100.01M	$124.93M	$81.41M	$100.02M	$49.98M	$49.91M	$65.13M	$17.46M	$400.05M
Stock-based compensation	$38.45M	$39.05M	$21.75M	$21.58M	$42.37M	$38.18M	$28.38M	$27.41M	$42.48M	$40.42M	$26.85M	$26.32M
Depreciation & amortization	$50.03M	$49.15M	$47.66M	$46.19M	$41.28M	$40.29M	$41.34M	$40.31M	$39.47M	$38.79M	$37.23M	$35.85M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.