Qorvo Inc (2QO.F)

Name: Qorvo Inc Financial Statements
Creator: Quarter Results

Technology | Semiconductors

Latest reporting period: 2026-03-28

Latest Quarter

2026-03-28

Revenue

$808M

Net Income

$29.7M

Operating Margin

3.9%

Free Cash Flow

$680M

Debt / Assets

42.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Qorvo Inc (2QO.F).
Income Statement (Quarterly)	2026-03-28	2025-12-27	2025-09-27	2025-06-28
Revenue	808,277,000	992,959,000	1,058,503,000	818,778,000
Cost of Revenue	413,256,000	528,768,000	561,415,000	486,976,000
Gross Profit	395,021,000	464,191,000	497,088,000	331,802,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	84,030,000	81,431,000	107,324,000	107,889,000
Operating Expenses	363,507,000	272,050,000	339,405,000	301,716,000
Operating Income	31,514,000	192,141,000	157,683,000	30,086,000
Interest Expense	17,840,000	18,024,000	18,483,000	18,787,000
Income Before Tax	21,690,000	189,803,000	155,095,000	31,685,000
Income Tax Expense	-8,040,000	25,741,000	35,492,000	6,091,000
Net Income	29,730,000	164,062,000	119,603,000	25,594,000
Per Share
EPS	0.32	1.77	1.29	0.28
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Qorvo Inc (2QO.F).
Income Statement (Annual)	2026-03-28	2025-03-29	2024-03-30
Revenue	3,678,517,000	3,718,971,000	3,769,506,000
Cost of Revenue	1,990,415,000	2,183,382,000	2,281,011,000
Gross Profit	1,688,102,000	1,535,589,000	1,488,495,000
Operating Expenses
R&D Expenses	0	0	0
SG&A Expenses	380,674,000	403,624,000	389,140,000
Operating Expenses	1,276,678,000	1,440,062,000	1,396,794,000
Operating Income	411,424,000	95,527,000	91,701,000
Interest Expense	73,134,000	78,328,000	69,245,000
Income Before Tax	398,273,000	65,899,000	73,560,000
Income Tax Expense	59,284,000	10,284,000	143,882,000
Net Income	338,989,000	55,615,000	-70,322,000
Per Share
EPS	3.66	0.59	-0.72
EPS Diluted	0.00	0.00	0.00

Balance sheet quarterly history for Qorvo Inc (2QO.F).
Balance Sheet (Quarterly)	2026-03-28	2025-03-29	2024-03-30
Assets
Cash and Cash Equivalents	1,219,015,000	1,021,176,000	1,029,258,000
Short Term Investments	0	0	0
Net Receivables	398,681,000	397,742,000	427,387,000
Inventory	553,718,000	640,992,000	710,555,000
Total Current Assets	2,306,314,000	2,167,275,000	2,446,034,000
Property Plant Equipment	710,392,000	801,895,000	870,982,000
Goodwill and Intangibles	2,474,732,000	2,663,219,000	3,043,984,000
Total Assets	5,825,590,000	5,933,131,000	6,554,635,000
Liabilities
Account Payables	242,870,000	260,663,000	252,993,000
Short Term Debt	0	0	438,740,000
Total Current Liabilities	712,757,000	783,182,000	1,230,087,000
Long Term Debt	1,549,154,000	1,549,215,000	1,549,272,000
Total Liabilities	2,481,291,000	2,540,819,000	2,998,263,000
Shareholders Equity
Retained Earnings	38,788,000	-33,983,000	-89,598,000
Total Shareholders Equity	3,344,299,000	3,392,312,000	3,556,372,000

Balance sheet annual history for Qorvo Inc (2QO.F).
Balance Sheet (Annual)	2026-03-28	2025-03-29	2024-03-30
Assets
Cash and Cash Equivalents	1,219,015,000	1,021,176,000	1,029,258,000
Short Term Investments	0	0	0
Net Receivables	398,681,000	397,742,000	427,387,000
Inventory	553,718,000	640,992,000	710,555,000
Total Current Assets	2,306,314,000	2,167,275,000	2,446,034,000
Property Plant Equipment	710,392,000	801,895,000	870,982,000
Goodwill and Intangibles	2,474,732,000	2,663,219,000	3,043,984,000
Total Assets	5,825,590,000	5,933,131,000	6,554,635,000
Liabilities
Account Payables	242,870,000	260,663,000	252,993,000
Short Term Debt	0	0	438,740,000
Total Current Liabilities	712,757,000	783,182,000	1,230,087,000
Long Term Debt	1,549,154,000	1,549,215,000	1,549,272,000
Total Liabilities	2,481,291,000	2,540,819,000	2,998,263,000
Shareholders Equity
Retained Earnings	38,788,000	-33,983,000	-89,598,000
Total Shareholders Equity	3,344,299,000	3,392,312,000	3,556,372,000

Cash flow quarterly history for Qorvo Inc (2QO.F).
Cash Flow Statement (Quarterly)	2026-03-28	2025-03-29	2024-03-30
Operating Activities
Net Income	338,989,000	55,615,000	-70,322,000
Depreciation & Amortization	258,648,000	296,836,000	320,933,000
Stock Based Compensation	136,070,000	136,346,000	120,834,000
Change in Working Capital	41,619,000	-6,393,000	142,404,000
Operating Cash Flow	808,631,000	622,202,000	833,189,000
Investing Activities
Capital Expenditure	-129,070,000	-137,600,000	-127,230,000
Investments	-129,070,000	-137,600,000	-127,230,000
Investing Cash Flow	-43,600,000	36,555,000	-136,470,000
Financing Activities
Debt Repayment	0	-439,124,000	-58,309,000
Common Stock Issued/Repurchased	-497,060,000	-320,595,000	-363,136,000
Dividends Paid	0	0	0
Financing Cash Flow	-566,526,000	-684,362,000	-459,574,000
Summary
Free Cash Flow	679,561,000	484,602,000	705,959,000
Net Change in Cash	197,839,000	-28,082,000	240,315,000

Cash flow annual history for Qorvo Inc (2QO.F).
Cash Flow Statement (Annual)	2026-03-28	2025-03-29	2024-03-30
Operating Activities
Net Income	338,989,000	55,615,000	-70,322,000
Depreciation & Amortization	258,648,000	296,836,000	320,933,000
Stock Based Compensation	136,070,000	136,346,000	120,834,000
Change in Working Capital	41,619,000	-6,393,000	142,404,000
Operating Cash Flow	808,631,000	622,202,000	833,189,000
Investing Activities
Capital Expenditure	-129,070,000	-137,600,000	-127,230,000
Investments	-129,070,000	-137,600,000	-127,230,000
Investing Cash Flow	-43,600,000	36,555,000	-136,470,000
Financing Activities
Debt Repayment	0	-439,124,000	-58,309,000
Common Stock Issued/Repurchased	-497,060,000	-320,595,000	-363,136,000
Dividends Paid	0	0	0
Financing Cash Flow	-566,526,000	-684,362,000	-459,574,000
Summary
Free Cash Flow	679,561,000	484,602,000	705,959,000
Net Change in Cash	197,839,000	-28,082,000	240,315,000