Qorvo, Inc.
Qorvo, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,219 | 1,319 | 1,103 | 1,165 | 1,021 | 769 | 1,096 | 1,082 | 1,029 | 1,072 | 707 | 744 | |||||
Accounts Receivable Net Current | 383 | 488 | 543 | 328 | 387 | 428 | 581 | 425 | 413 | 484 | 593 | 308 | |||||
Inventory Net | 554 | 530 | 605 | 638 | 641 | 656 | 694 | 727 | 711 | 727 | 840 | 917 | |||||
Prepaid Expense Current | 37 | 35 | 34 | 31 | 33 | 38 | 38 | 30 | 41 | 40 | 49 | 49 | |||||
Other Receivables Net Current | 16 | 32 | 17 | 15 | 11 | 11 | 13 | 15 | 14 | 31 | 28 | 19 | |||||
Other Assets Current | 98 | 79 | 74 | 69 | 75 | 78 | 110 | 99 | 79 | 75 | 46 | 49 | |||||
Assets Current | 2,306 | 2,483 | 2,377 | 2,246 | 2,167 | 2,097 | 2,532 | 2,378 | 2,446 | 2,428 | 2,263 | 2,088 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | 0 | 116 | 0 | 0 | 159 | - | - | - | |||||
Property Plant And Equipment Net | 710 | 755 | 781 | 794 | 802 | 821 | 847 | 867 | 871 | 1,039 | 1,061 | 1,088 | |||||
Goodwill | 2,353 | 2,390 | 2,390 | 2,390 | 2,390 | 2,437 | 2,438 | 2,533 | 2,535 | 2,540 | 2,708 | 2,761 | |||||
Intangible Assets Net Excluding Goodwill | 122 | 197 | 224 | 252 | 273 | 332 | 446 | 474 | 509 | 500 | 473 | 507 | |||||
Long Term Investments | 16 | 19 | 17 | 22 | 23 | 26 | 25 | 26 | 23 | 25 | 26 | 27 | |||||
Other Assets Noncurrent | 318 | 320 | 306 | 293 | 277 | 250 | 216 | 170 | 170 | 166 | 187 | 216 | |||||
Assets | 5,826 | 6,164 | 6,096 | 5,998 | 5,933 | 5,963 | 6,503 | 6,447 | 6,555 | 6,699 | 6,719 | 6,687 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 243 | 241 | 285 | 280 | 261 | 283 | 322 | 304 | 253 | 283 | 275 | 294 | |||||
Accrued Liabilities Current | 248 | 225 | 287 | 252 | 288 | 268 | 354 | 300 | 337 | 327 | 304 | 264 | |||||
Other Liabilities Current | 222 | 210 | 232 | 266 | 235 | 227 | 246 | 200 | 113 | 190 | 93 | 80 | |||||
Liabilities Current | 713 | 676 | 805 | 798 | 783 | 808 | 1,334 | 1,217 | 1,230 | 1,280 | 672 | 639 | |||||
Long Term Debt Current | - | - | - | - | 0 | 0 | 412 | 412 | 439 | 480 | - | - | |||||
Long Term Debt Noncurrent | - | 1,549 | 1,549 | 1,549 | - | 1,549 | 1,549 | 1,549 | - | 1,550 | 2,049 | 2,048 | |||||
Long Term Debt | 1,549 | - | - | - | 1,549 | - | - | - | 1,549 | - | - | - | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | 0 | 29 | 0 | 0 | 88 | - | - | - | |||||
Other Liabilities Noncurrent | 219 | 241 | 232 | 213 | 208 | 226 | 210 | 195 | 219 | 230 | 181 | 187 | |||||
Liabilities | 2,481 | 2,466 | 2,586 | 2,560 | 2,541 | 2,583 | 3,093 | 2,961 | 2,998 | 3,061 | 2,901 | 2,874 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stocks Including Additional Paid In Capital | 3,301 | 3,465 | 3,431 | 3,439 | 3,431 | 3,456 | 3,516 | 3,581 | 3,651 | 3,731 | 3,796 | 3,816 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 4 | 6 | 5 | 6 | -5 | -10 | 1 | -6 | -5 | 0 | -14 | -4 | |||||
Retained Earnings Accumulated Deficit | 39 | 227 | 73 | -8 | -34 | -65 | -107 | -89 | -90 | -92 | 35 | 0 | |||||
Stockholders Equity | 3,344 | 3,698 | 3,510 | 3,437 | 3,392 | 3,380 | 3,410 | 3,486 | 3,556 | 3,638 | 3,817 | 3,812 | |||||
Liabilities And Stockholders Equity | 5,826 | 6,164 | 6,096 | 5,998 | 5,933 | 5,963 | 6,503 | 6,447 | 6,555 | 6,699 | 6,719 | 6,687 | |||||
Accounts Receivable Allowance For Credit Loss Tabl… | 0 | - | - | - | 0 | - | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 405 | 405 | 405 | 405 | 405 | 405 | 405 | 405 | 405 | 405 | 405 | 405 | |||||
Common Stock Shares Issued | 88 | 93 | 93 | 93 | 93 | 94 | 95 | 95 | 96 | 97 | 98 | 98 | |||||
Shares Outstanding | 88 | 93 | 93 | 93 | 93 | 94 | 95 | 95 | 96 | 97 | 98 | 98 | |||||
Allowance For Doubtful Accounts Receivable Current | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Accumulated Depreciation Depletion And Amortizatio… | - | 1,918 | 1,907 | 1,880 | - | 1,807 | 1,772 | 1,735 | - | 2,018 | 1,976 | 1,934 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.46% | 6.14% | 6.51% | -8.22% | -7.97% | -13.54% | 6.56% | 1.27% | 6.12% | 14.39% | 3.70% | -4.44% |
| 2025 | -3.57% | -14.64% | -12.77% | -5.19% | -3.00% | 15.29% | -11.58% | -16.54% | -33.01% | 0.76% | 11.94% | 11.76% |
| 2024 | -4.07% | -11.06% | -14.97% | 9.25% | 31.73% | 23.49% | 6.67% | 8.16% | -0.82% | 13.88% | 24.44% | 7.62% |
| 2023 | - | - | - | - | - | - | - | - | - | 3.49% | 5.46% | 12.46% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.24 | 3.67 | 2.95 | 2.81 | 2.77 | 2.60 | 1.90 | 1.95 | 1.99 | 1.90 | 3.37 | 3.27 | |||||
| Quick Ratio | 2.41 | 2.84 | 2.16 | 1.98 | 1.91 | 1.74 | 1.35 | 1.33 | 1.38 | 1.30 | 2.04 | 1.75 | |||||
| Working Capital | 1.59B | 1.81B | 1.57B | 1.45B | 1.38B | 1.29B | 1.20B | 1.16B | 1.22B | 1.15B | 1.59B | 1.45B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.74 | 0.67 | 0.74 | 0.74 | 0.75 | 0.76 | 0.91 | 0.85 | 0.84 | 0.84 | 0.76 | 0.75 | |||||
| Interest Coverage TTM | 5.63 | 5.42 | 3.54 | 1.51 | 1.22 | 1.29 | 0.04 | 2.09 | 1.32 | -1.84 | -1.12 | 0.48 | |||||
| Debt Ratio | 0.43 | 0.40 | 0.42 | 0.43 | 0.43 | 0.43 | 0.48 | 0.46 | 0.46 | 0.46 | 0.43 | 0.43 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.63 | 0.62 | 0.58 | 0.59 | 0.60 | 0.60 | 0.60 | 0.61 | 0.57 | 0.50 | 0.44 | 0.45 | |||||
| Days Sales Outstanding TTM | 38.16 | 44.68 | 56.02 | 37.64 | 39.24 | 43.89 | 54.26 | 33.38 | 34.74 | 44.89 | 72.16 | 48.32 | |||||
| Receivables Turnover TTM | 9.56 | 8.17 | 6.52 | 9.70 | 9.30 | 8.32 | 6.73 | 10.93 | 10.51 | 8.13 | 5.06 | 7.55 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 3.62 | 3.64 | 2.32 | 0.86 | 0.58 | 0.28 | -1.49 | -0.27 | -0.72 | -2.18 | -1.02 | -0.09 | |||||
| Free Cash Flow Per Share TTM | 7.34 | 6.43 | 5.76 | 6.32 | 5.12 | 5.13 | 8.16 | 7.79 | 7.24 | 5.84 | 3.11 | 4.67 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 45.89% | 44.38% | 43.32% | 42.04% | 41.29% | 40.92% | 39.19% | 39.74% | 39.49% | 35.29% | 35.19% | 36.13% | |||||
| Operating Profit Margin TTM | 11.18% | 10.91% | 7.34% | 3.31% | 2.57% | 2.57% | 0.07% | 3.61% | 2.43% | -3.68% | -2.46% | 1.04% | |||||
| Net Profit Margin TTM | 9.22% | 9.11% | 5.95% | 2.21% | 1.50% | 0.71% | -3.58% | -0.66% | -1.87% | -6.11% | -3.21% | -0.29% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -1.09% | -1.34% | -7.22% | -8.84% | -1.34% | 9.51% | 26.11% | 25.74% | 5.61% | -15.64% | -30.02% | -30.31% | |||||
| Net Income Growth (1Y) | 509.53% | 1,162.27% | -254.25% | -406.88% | -179.09% | -112.76% | 40.57% | 182.73% | -168.17% | -146.60% | -114.64% | -101.14% | |||||
| EPS Growth (1Y) | 522.65% | 1,186.20% | -257.71% | -415.31% | -181.57% | -113.14% | 45.10% | 191.74% | -171.42% | -148.41% | -115.39% | -101.22% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 21.14 | 22.97 | 38.80 | 97.65 | 123.15 | 244.48 | -69.41 | -420.77 | -159.30 | -51.73 | -93.07 | -1,079.35 | |||||
| P/B TTM | 2.14 | 2.12 | 2.41 | 2.30 | 2.02 | 1.95 | 2.87 | 3.18 | 3.15 | 3.01 | 2.45 | 2.64 | |||||
| P/S TTM | 1.95 | 2.09 | 2.31 | 2.16 | 1.84 | 1.74 | 2.48 | 2.77 | 2.97 | 3.16 | 2.99 | 3.16 | |||||
| Market Cap | 7.17B | 7.82B | 8.45B | 7.89B | 6.85B | 6.60B | 9.80B | 11.08B | 11.20B | 10.94B | 9.35B | 10.05B | |||||
| Enterprise Value | 7.50B | 8.06B | 8.90B | 8.27B | 7.38B | 7.38B | 10.67B | 11.96B | 11.70B | 11.88B | 10.69B | 11.35B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 679.56M | 595.20M | 534.51M | 587.15M | 484.60M | 483.56M | 773.82M | 743.39M | 705.96M | 567.67M | 304.13M | 460.14M | |||||
| Net Debt | 330.14M | 230.66M | 445.90M | 383.72M | 528.04M | 779.80M | 864.97M | 878.70M | 500.01M | 938.42M | 1.34B | 1.30B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
Qorvo, Inc. (QRVO) — SEC Financial Statements & Analysis
Qorvo, Inc. (QRVO) is a semiconductors & related devices company, incorporated in DE. Qorvo, Inc. trades on Nasdaq as: QRVO. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Qorvo, Inc. reported a -1.09% year-over-year revenue growth, a Gross Profit Margin of 45.89% (TTM), a Debt-to-Equity ratio of 0.74x, a Price-to-Sales (P/S) ratio of 1.95x (TTM), a Price-to-Book (P/B) ratio of 2.14x (TTM), at a market cap of $7.17B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -1.09%
- Gross Profit Margin TTM
- 45.89%
- Debt To Equity
- 0.74x
- P/S TTM
- 1.95x
- P/B TTM
- 2.14x
- Market Cap
- $7.17B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Qorvo, Inc. in?
Qorvo, Inc. (QRVO) operates in the Semiconductors & Related Devices industry.
What is QRVO's market cap?
Qorvo, Inc. (QRVO) has a market capitalization of $7.17B as of 2026-03-31.
What is QRVO's P/E ratio?
Qorvo, Inc. (QRVO)'s trailing twelve month P/E ratio is 21.14x as of 2026-03-31.
What exchange does QRVO trade on?
Qorvo, Inc. (QRVO) trades on the Nasdaq.
Where is Qorvo, Inc. incorporated?
Qorvo, Inc. is incorporated in DE.