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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

Balance sheet

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
Assets
926.0 711.0 714.9 1,397.9 972.6 808.8 1,029.3 1,021.2 1,219.0
346.0 378.2 367.2 457.4 568.9 304.5 413.0 386.7 382.5
472.3 511.8 517.2 507.8 755.7 796.6 710.6 641.0 553.7
1,374.1 1,366.5 1,259.2 1,266.0 1,253.6 1,149.8 871.0 801.9 710.4
2,173.9 2,173.9 2,614.3 2,642.7 2,775.6 2,760.8 2,534.6 2,389.7 2,353.2
6,381.5 5,808.0 6,560.7 7,221.5 7,509.1 6,691.9 6,554.6 5,933.1 5,825.6
Growth −9.0% +13.0% +10.1% +4.0% −10.9% −2.1% −9.5% −1.8%
Liabilities
n/a 0.1 6.9 5.1 0.8 0.3 438.7 0.0 n/a
983.3 920.9 1,567.2 1,742.6 2,047.1 2,048.1 1,549.3 1,549.2 1,549.2
calc 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
1,606.0 1,448.3 2,268.0 2,592.0 2,955.9 2,789.1 2,998.3 2,540.8 2,481.3
Equity
−458.8 −321.2 0.0 355.0 512.1 84.5 −89.6 −34.0 38.8
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
Growth −8.7% −1.5% +7.8% −1.6% −14.3% −8.9% −4.6% −1.4%
Per share and net cash
calc −57.3 −210.0 −859.2 −349.8 −1,075.3 −1,239.6 −958.8 −528.0 −330.1
126.3 119.1 114.6 112.6 106.3 98.6 95.8 92.9 87.7
calc 37.80 36.62 37.45 41.13 42.83 39.56 37.12 36.51 38.12

Lines marked calc are worked out here from filed figures; point at one for how.