Qorvo, Inc.

Company Overview

SEC Filings & Reports

View 10-K & 10-Q Filings

Financial Performance

Comprehensive financial statements, metrics, and performance analysis

Financial Performance Overview

12 mos ending Mar 28, 201512 mos ending Apr 02, 201612 mos ending Apr 01, 201712 mos ending Mar 31, 201812 mos ending Mar 30, 201912 mos ending Mar 28, 202012 mos ending Apr 03, 202112 mos ending Apr 02, 202212 mos ending Apr 01, 202312 mos ending Mar 30, 20249 mos ending Dec 30, 20239 mos ending Dec 28, 2024CAGR %YoY %Revenue (+)
$1710.97
2610.73
3032.57
2973.54
3090.32
3239.14
4015.31
4645.71
3569.40
3769.51
2828.52
2849.50
9.17%0.74%Cost of Revenue (-)
$1021.66
1561.17
1897.06
1826.57
1895.14
1917.38
2131.74
2359.55
2272.46
2281.01
1721.88
1680.47
9.33%-2.40%Gross Profit (+)
$689.31
1049.55
1135.51
1146.97
1195.18
1321.76
1883.57
2286.17
1296.94
1488.49
1106.64
1169.03
8.93%5.64%Selling, General & Administrative (-)
$249.89
534.10
545.59
527.75
476.07
343.57
367.24
349.72
358.79
389.14
296.03
313.04
5.04%5.75%Research & Development (-)
$257.49
448.76
470.84
445.10
450.48
484.41
570.39
623.64
649.84
682.25
502.37
567.78
11.43%13.02%Non-recurring Operating Expenses (-)
$
221.41
96.46
Operating Expenses (-)
$566.84
1037.59
1047.45
1076.68
978.72
898.55
976.94
1060.10
1113.77
1396.79
1044.91
1101.72
10.54%5.44%Costs & Expenses (Total) (-)
$1588.50
2598.76
2944.51
2903.25
2873.86
2803.86
3108.68
3419.64
3386.23
3677.80
2766.80
2782.19
9.78%0.56%Operating Income/Loss (+)
$122.47
11.97
88.06
70.28
216.47
423.22
906.63
1226.07
183.17
91.70
61.72
67.31
-3.16%9.05%Non-operating Income/Expense (+)
$0.20
8.49
-1.88
6.41
-80.71
20.20
-24.05
18.34
9.92
51.10
34.29
41.71
85.55%21.66%Interest Expense (-)
$1.42
23.32
58.88
59.55
43.96
60.39
75.20
63.33
68.46
69.25
51.96
58.34
54.00%12.28%Earnings before Tax (+)
$121.24
-2.86
27.30
17.14
91.79
395.09
807.38
1181.08
124.63
73.56
44.05
50.68
-5.40%15.05%Tax Expense (-)
$-75.06
25.98
43.86
57.43
-41.33
60.76
73.77
147.73
21.48
143.88
117.10
26.43
-77.43%Income/Loss (Continuing Operations) (+)
$196.30
-28.84
-16.56
-40.29
133.13
334.32
733.61
1033.35
103.15
-70.32
-73.06
24.25
133.19%Net Income/Loss (+)
$196.30
-28.84
-16.56
-40.29
133.13
334.32
733.61
1033.35
103.15
-70.32
-73.06
24.25
133.19%Net Income/Loss (Common) (+)
$196.30
-28.84
-16.56
-40.29
133.13
334.32
733.61
1033.35
103.15
-70.32
-73.06
24.25
133.19%EPS (Basic)
$2.17
-0.20
-0.13
-0.32
1.07
2.86
6.43
-9.38
-1.01
0.72
-0.75
0.26
-11.54%134.67%EPS (Diluted)
$2.11
-0.20
-0.13
-0.32
1.05
2.80
6.32
-9.26
-1.00
0.72
-0.75
0.25
-11.26%133.33%Weighted Avg Shares (Basic)
90.48
141.94
127.12
126.95
124.53
117.01
114.03
110.20
102.21
97.56
97.91
94.94
0.84%-3.03%Weighted Avg Shares (Diluted)
93.21
141.94
127.12
126.95
127.36
119.29
116.02
111.55
103.02
97.56
97.91
95.81
0.51%-2.14%Cash
$299.81
425.88
545.46
926.04
711.03
714.94
1397.88
972.59
808.76
1029.26
1071.99
769.43
14.69%-28.22%Short-term Investments
$244.83
186.81
Receivables
$379.65
363.74
423.19
390.75
400.11
382.19
484.75
568.85
304.52
412.96
483.81
427.86
0.94%-11.56%Inventory
$346.90
427.55
430.45
472.29
511.79
517.20
507.79
755.75
796.60
710.55
726.69
656.22
8.29%-9.70%Prepaid Expenses (Current)
$52.17
63.85
36.23
23.91
25.77
37.87
41.57
49.84
46.68
40.56
39.58
38.37
-2.76%-3.05%Other Assets (Current)
$176.75
41.38
26.26
30.82
36.14
38.30
51.81
102.84
73.24
252.70
106.31
204.98
4.05%92.82%Assets (Current)
$1500.11
1509.21
1461.61
1843.81
1684.84
1690.50
2483.80
2449.86
2029.79
2446.03
2428.37
2096.86
5.58%-13.65%Securities & Long-term Investments
$4.08
26.05
35.49
63.77
97.79
22.52
35.37
31.09
20.41
23.25
24.71
25.69
21.32%3.96%Property, Plant & Equipment (Net)
$883.37
1046.89
1391.93
1374.11
1366.51
1259.20
1266.03
1253.59
1149.81
870.98
1039.44
820.87
-0.16%-21.03%Accumulated Depreciation
$609.58
751.90
Goodwill & Intangibles
$4447.81
3948.21
3574.48
3034.23
2582.11
3423.17
3253.86
3450.42
3298.52
3043.98
3040.42
2769.57
-4.13%-8.91%Other Assets
$57.01
66.46
58.81
65.61
76.78
165.30
182.40
324.11
193.38
170.38
166.44
250.09
12.94%50.26%Assets (Non-current)
$5392.27
5087.61
5060.72
4537.71
4123.19
4870.18
4737.67
5059.21
4662.11
4108.60
4271.02
3866.23
-2.98%-9.48%Assets (Total)
$6892.38
6596.82
6522.32
6381.52
5808.02
6560.68
7221.47
7509.07
6691.90
6554.64
6699.39
5963.10
-0.56%-10.99%Accounts Payable
$314.34
343.25
386.83
380.38
393.82
464.75
568.93
568.10
433.16
589.76
610.44
551.68
7.24%-9.63%Debt (Current)
$
6.89
5.09
438.74
479.96
Other Liabilities (Current)
$10.97
30.55
32.00
60.90
41.79
67.36
107.56
107.03
122.60
201.59
189.93
256.19
38.19%34.88%Liabilities (Current)
$325.31
373.80
418.83
441.28
435.61
539.00
681.58
675.13
555.76
1230.09
1280.33
807.86
15.93%-36.90%Debt (Non-current)
$
988.13
989.15
983.29
919.27
1567.23
1742.55
2047.10
2048.07
1549.27
1550.44
1549.23
-0.08%Other Liabilities
$393.91
235.22
217.62
181.39
93.46
161.78
167.91
233.63
185.27
218.90
230.27
225.57
-6.32%-2.04%Liabilities (Non-current)
$393.91
1223.35
1206.77
1164.68
1012.73
1729.01
1910.46
2280.73
2233.35
1768.18
1780.71
1774.80
18.16%-0.33%Liabilities (Total)
$719.22
1597.15
1625.60
1605.95
1448.35
2268.02
2592.05
2955.85
2789.11
2998.26
3061.04
2582.66
17.19%-15.63%Retained Earnings
$-410.96
-439.81
-456.37
-458.77
-321.15
355.04
512.14
84.50
-89.60
-92.33
-65.35
29.22%AOCI
$-0.12
-3.13
-4.31
-2.75
-6.62
2.29
29.65
5.23
-3.17
-5.10
0.10
-10.07
-9971.57%Shareholder's Equity
$6173.16
4999.67
4896.72
4775.56
4359.68
4292.66
4629.43
4553.22
3902.79
3556.37
3638.35
3380.43
-5.94%-7.09%Liabilities & Equity
$6892.38
6596.82
6522.32
6381.52
5808.02
6560.68
7221.47
7509.07
6691.90
6554.64
6699.39
5963.10
-0.56%-10.99%Net Income/Loss
$196.30
-28.84
-16.56
-40.29
133.13
334.32
733.61
1033.35
103.15
-70.32
-73.06
24.25
133.19%Depreciation & Amortization
$217.84
675.08
706.29
716.08
663.15
468.93
456.10
361.42
338.85
320.93
239.15
226.06
4.40%-5.47%Increase/Decrease in Working Capital
$58.24
81.69
-20.90
-90.69
96.08
-92.25
21.66
1044.63
-323.56
-142.40
-57.27
43.00
175.08%Share-based Compensation
$64.94
139.50
88.80
68.20
71.58
75.98
89.32
83.51
105.58
120.83
99.25
108.93
7.14%9.75%Adjustments to Reconcile Net Income
$109.32
716.77
793.33
892.86
677.29
611.32
568.24
15.89
740.08
903.51
703.90
398.77
26.45%-43.35%Net Cash (Operating)
$305.62
687.93
776.82
852.52
810.36
945.65
1301.85
1049.24
843.23
833.19
630.85
423.02
11.79%-32.94%Capital Expenditure
$-62.61
303.20
670.84
269.83
220.94
1110.15
234.03
1205.20
318.10
160.66
47.07
51.12
8.60%Net Cash (Investing)
$-63.94
-278.71
-490.49
-277.41
-247.55
-1105.74
-218.66
-595.96
-153.41
-136.47
-23.29
-59.08
-153.68%Increase/Decrease in Debt
$-87.50
1000.13
-7.73
-145.33
659.00
118.76
104.07
-58.31
-17.91
-439.12
-2351.29%Increase/Decrease in Equity
$-4.84
-1261.72
-150.21
-164.41
-596.78
-464.93
-472.49
-2266.27
-1690.99
-363.14
-273.69
-281.95
-3.02%Interest Expenses
$0.93
2.16
71.17
70.21
64.85
54.45
81.23
59.39
66.11
55.27
57.44%Net Cash (Financing)
$-112.90
-282.85
-165.65
-196.85
-776.66
165.56
-401.92
-875.51
-853.35
-459.57
-327.85
-640.94
-95.50%Cash Taxes Paid
$34.59
34.94
52.66
41.48
69.45
55.51
53.24
125.32
105.79
103.06
12.90%Effect of Exchange Rate
$-0.87
-0.29
-1.10
2.36
-1.17
-1.23
1.43
-3.28
-0.33
3.17
3.34
-2.82
-184.43%Increase/Decrease in Cash
$127.92
126.07
119.58
380.62
-215.02
4.23
682.70
-425.50
-163.86
240.31
283.04
-279.83
7.26%-198.86%Cash (Beginning)
$171.90
299.81
425.88
545.78
926.40
711.38
715.61
1398.31
972.80
808.94
808.94
1049.26
18.78%29.71%Cash (Ending)
$299.81
425.88
545.46
926.40
711.38
715.61
1398.31
972.80
808.94
1049.26
1091.99
769.43
14.93%-29.54%NOPAT
$198.29
-134.15
-81.76
-99.75
313.94
363.75
846.85
1095.97
27.69
-36.77
-102.38
32.21
131.46%Gross Margin %
40.29%
40.20%
37.44%
38.57%
38.67%
40.81%
46.91%
49.21%
36.34%
39.49%
39.12%
41.03%
Operating Margin %
7.16%
0.46%
2.90%
2.36%
7.00%
13.07%
22.58%
26.39%
5.13%
2.43%
2.18%
2.36%
NOPAT Margin %
11.59%
-5.14%
-2.70%
-3.35%
10.16%
11.23%
21.09%
23.59%
0.78%
-0.98%
-3.62%
1.13%
Net Margin %
11.47%
-1.10%
-0.55%
-1.35%
4.31%
10.32%
18.27%
22.24%
2.89%
-1.87%
-2.58%
0.85%
Tax Rate %
-61.91%
1220.89%
192.84%
241.92%
-45.03%
14.05%
6.59%
10.61%
84.88%
140.10%
265.87%
52.15%
ROA
2.88%
-2.03%
-1.25%
-1.56%
5.41%
5.54%
11.73%
14.60%
0.41%
-0.56%
-1.53%
0.54%
ROE
3.21%
-2.68%
-1.67%
-2.09%
7.20%
8.47%
18.29%
24.07%
0.71%
-1.03%
-2.81%
0.95%
ROIC
3.33%
-2.33%
-1.42%
-1.92%
6.57%
6.68%
15.88%
18.51%
0.51%
-0.77%
-2.09%
0.75%
Asset Turnover
0.25
0.40
0.46
0.47
0.53
0.49
0.56
0.62
0.53
0.58
0.42
0.48
Inventory Turnover
2.95
3.65
4.41
3.87
3.70
3.71
4.20
3.12
2.85
3.21
2.37
2.56
Equity Multiplier
1.12
1.32
1.33
1.34
1.33
1.53
1.56
1.65
1.71
1.84
1.84
1.76
Current Ratio
4.61
4.04
3.49
4.18
3.87
3.14
3.64
3.63
3.65
1.99
1.90
2.60
Quick Ratio
2.84
2.61
2.31
2.98
2.55
2.04
2.76
2.28
2.00
1.17
1.22
1.48
Debt/Equity Ratio
0.20
0.20
0.21
0.21
0.37
0.38
0.45
0.52
0.56
0.56
0.46
Interest Coverage Ratio
131.68
5.53
1.24
1.00
3.34
7.77
11.16
20.64
2.77
1.66
Working Capital/Sales
0.37
0.29
0.26
0.26
0.27
0.24
0.20
0.26
0.28
0.23
0.29
0.26
R&D/Sales
0.15
0.17
0.16
0.15
0.15
0.15
0.14
0.13
0.18
0.18
0.18
0.20
Total Payout
$93.27
263.75
221.38
242.35
806.97
-139.62
434.96
2221.59
1757.11
476.71
291.60
721.07
19.87%147.28%Payout Ratio %
47.04%
196.61%
270.78%
242.96%
257.05%
-38.38%
51.36%
202.71%
6345.48%
1296.34%
284.83%
2238.81%