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Stocks · Technology · Semiconductors & Related Devices

Qorvo, Inc.

QRVO Clue Score47
United States Fiscal year ends April CIK 0001604778
$114.17 +0.00% Close, 5 Oct 2026
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Price $114.17 −31.25% Close, 5 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue2,973.5Operating income70.3Net income−40.3EPS, diluted−0.32Fiscal year 2019Revenue3,090.3 +3.9%Operating income216.5Net income133.1EPS, diluted1.05Fiscal year 2020Revenue3,239.1 +4.8%Operating income423.2Net income334.3 +151.1%EPS, diluted2.80 +166.7%Fiscal year 2021Revenue4,015.3 +24.0%Operating income906.6Net income733.6 +119.4%EPS, diluted6.32 +125.7%Fiscal year 2022Revenue4,645.7 +15.7%Operating income1,226.1Net income1,033.4 +40.9%EPS, diluted9.26 +46.5%Fiscal year 2023Revenue3,569.4 −23.2%Operating income183.2Net income103.2 −90.0%EPS, diluted1.00 −89.2%Fiscal year 2024Revenue3,769.5 +5.6%Operating income91.7Net income−70.3 −168.2%EPS, diluted−0.72 −172.0%Fiscal year 2025Revenue3,719.0 −1.3%Operating income95.5Net income55.6EPS, diluted0.58Fiscal year 2026Revenue3,678.5 −1.1%Operating income411.4Net income339.0 +509.5%EPS, diluted3.62 +524.1%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2,973.5 3,090.3 3,239.1 4,015.3 4,645.7 3,569.4 3,769.5 3,719.0 3,678.5
Growth +3.9% +4.8% +24.0% +15.7% −23.2% +5.6% −1.3% −1.1%
Operating income 70.3 216.5 423.2 906.6 1,226.1 183.2 91.7 95.5 411.4
Net income −40.3 133.1 334.3 733.6 1,033.4 103.2 −70.3 55.6 339.0
Growth +151.1% +119.4% +40.9% −90.0% −168.2% +509.5%
EPS, diluted −0.32 1.05 2.80 6.32 9.26 1.00 −0.72 0.58 3.62
Growth +166.7% +125.7% +46.5% −89.2% −172.0% +524.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin38.6%Operating margin2.4%Net margin−1.4%Free cash flow margin19.6%Fiscal year 2019Gross margin38.7%Operating margin7.0%Net margin4.3%Free cash flow margin19.1%Fiscal year 2020Gross margin40.8%Operating margin13.1%Net margin10.3%Free cash flow margin24.1%Fiscal year 2021Gross margin46.9%Operating margin22.6%Net margin18.3%Free cash flow margin27.8%Fiscal year 2022Gross margin49.2%Operating margin26.4%Net margin22.2%Free cash flow margin18.0%Fiscal year 2023Gross margin36.3%Operating margin5.1%Net margin2.9%Free cash flow margin19.2%Fiscal year 2024Gross margin39.5%Operating margin2.4%Net margin−1.9%Free cash flow margin18.7%Fiscal year 2025Gross margin41.3%Operating margin2.6%Net margin1.5%Free cash flow margin13.0%Fiscal year 2026Gross margin45.9%Operating margin11.2%Net margin9.2%Free cash flow margin18.5%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 38.6% 38.7% 40.8% 46.9% 49.2% 36.3% 39.5% 41.3% 45.9%
Operating margin 2.4% 7.0% 13.1% 22.6% 26.4% 5.1% 2.4% 2.6% 11.2%
Net margin −1.4% 4.3% 10.3% 18.3% 22.2% 2.9% −1.9% 1.5% 9.2%
Free cash flow margin 19.6% 19.1% 24.1% 27.8% 18.0% 19.2% 18.7% 13.0% 18.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow852.5Capital expenditure−269.8Free cash flow582.7Buybacks−219.9Fiscal year 2019Operating cash flow810.4Capital expenditure−220.9Free cash flow589.4 +1.2%Buybacks−638.1Fiscal year 2020Operating cash flow945.6Capital expenditure−164.1Free cash flow781.5 +32.6%Buybacks−515.1Fiscal year 2021Operating cash flow1,301.9Capital expenditure−187.0Free cash flow1,114.9 +42.7%Buybacks−515.1Fiscal year 2022Operating cash flow1,049.2Capital expenditure−213.5Free cash flow835.8 −25.0%Buybacks−1,152.3Fiscal year 2023Operating cash flow843.2Capital expenditure−159.0Free cash flow684.3 −18.1%Buybacks−861.8Fiscal year 2024Operating cash flow833.2Capital expenditure−127.2Free cash flow706.0 +3.2%Buybacks−400.1Fiscal year 2025Operating cash flow622.2Capital expenditure−137.6Free cash flow484.6 −31.4%Buybacks−356.3Fiscal year 2026Operating cash flow808.6Capital expenditure−129.1Free cash flow679.6 +40.2%Buybacks−532.6
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 852.5 810.4 945.6 1,301.9 1,049.2 843.2 833.2 622.2 808.6
Capital expenditure −269.8 −220.9 −164.1 −187.0 −213.5 −159.0 −127.2 −137.6 −129.1
Free cash flow 582.7 589.4 781.5 1,114.9 835.8 684.3 706.0 484.6 679.6
Growth +1.2% +32.6% +42.7% −25.0% −18.1% +3.2% −31.4% +40.2%
Buybacks −219.9 −638.1 −515.1 −515.1 −1,152.3 −861.8 −400.1 −356.3 −532.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash926.0Total debt983.3Net cash (debt)−57.3Shareholders’ equity4,775.6Debt to equity0.21Fiscal year 2019Cash711.0Total debt921.0Net cash (debt)−210.0Shareholders’ equity4,359.7Debt to equity0.21Fiscal year 2020Cash714.9Total debt1,574.1Net cash (debt)−859.2Shareholders’ equity4,292.7Debt to equity0.37Fiscal year 2021Cash1,397.9Total debt1,747.6Net cash (debt)−349.8Shareholders’ equity4,629.4Debt to equity0.38Fiscal year 2022Cash972.6Total debt2,047.9Net cash (debt)−1,075.3Shareholders’ equity4,553.2Debt to equity0.45Fiscal year 2023Cash808.8Total debt2,048.4Net cash (debt)−1,239.6Shareholders’ equity3,902.8Debt to equity0.52Fiscal year 2024Cash1,029.3Total debt1,988.0Net cash (debt)−958.8Shareholders’ equity3,556.4Debt to equity0.56Fiscal year 2025Cash1,021.2Total debt1,549.2Net cash (debt)−528.0Shareholders’ equity3,392.3Debt to equity0.46Fiscal year 2026Cash1,219.0Total debt1,549.2Net cash (debt)−330.1Shareholders’ equity3,344.3Debt to equity0.46
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 926.0 711.0 714.9 1,397.9 972.6 808.8 1,029.3 1,021.2 1,219.0
Total debt 983.3 921.0 1,574.1 1,747.6 2,047.9 2,048.4 1,988.0 1,549.2 1,549.2
Net cash (debt) −57.3 −210.0 −859.2 −349.8 −1,075.3 −1,239.6 −958.8 −528.0 −330.1
Shareholders’ equity 4,775.6 4,359.7 4,292.7 4,629.4 4,553.2 3,902.8 3,556.4 3,392.3 3,344.3
Debt to equity 0.21 0.21 0.37 0.38 0.45 0.52 0.56 0.46 0.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Mar 2018 FY2019 30 Mar 2019 FY2020 28 Mar 2020 FY2021 3 Apr 2021 FY2022 2 Apr 2022 FY2023 1 Apr 2023 FY2024 30 Mar 2024 FY2025 29 Mar 2025 FY2026 28 Mar 2026
Revenue and profit
2,973.5 3,090.3 3,239.1 4,015.3 4,645.7 3,569.4 3,769.5 3,719.0 3,678.5
Growth +3.9% +4.8% +24.0% +15.7% −23.2% +5.6% −1.3% −1.1%
1,826.6 1,895.1 1,917.4 2,131.7 2,359.5 2,272.5 2,281.0 2,183.4 1,990.4
1,147.0 1,195.2 1,321.8 1,883.6 2,286.2 1,296.9 1,488.5 1,535.6 1,688.1
Growth +4.2% +10.6% +42.5% +21.4% −43.3% +14.8% +3.2% +9.9%
445.1 450.5 484.4 570.4 623.6 649.8 682.2 747.7 726.1
527.8 476.1 343.6 367.2 349.7 358.8 389.1 171.7 165.2
70.3 216.5 423.2 906.6 1,226.1 183.2 91.7 95.5 411.4
Growth +208.0% +95.5% +114.2% +35.2% −85.1% −49.9% +4.2% +330.7%
17.1 91.8 395.1 807.4 1,181.1 124.6 73.6 65.9 398.3
57.4 −41.3 60.8 73.8 147.7 21.5 143.9 10.3 59.3
−40.3 133.1 334.3 733.6 1,033.4 103.2 −70.3 55.6 339.0
Growth +151.1% +119.4% +40.9% −90.0% −168.2% +509.5%
Per share
−0.32 1.07 2.86 6.43 9.38 1.01 −0.72 0.59 3.66
−0.32 1.05 2.80 6.32 9.26 1.00 −0.72 0.58 3.62
Growth +166.7% +125.7% +46.5% −89.2% −172.0% +524.1%
126.9 124.5 117.0 114.0 110.2 102.2 97.6 94.6 92.6
126.9 127.4 119.3 116.0 111.5 103.0 97.6 95.5 93.5
Growth +0.3% −6.3% −2.7% −3.9% −7.6% −5.3% −2.2% −2.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 1.7% a year over five years, and earnings per share fell 10.5% a year.
  • The diluted share count fell 19.4% in five years, so buybacks did some of the work per share.
  • Operating margin is down 11.4 points on five years ago, at 11.2%.
  • A net loss in 2 of 9 years on file.