QRVO

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Qorvo, Inc.

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Key Metrics

Previous Close: $96.81
52-Week Range: $74.92 – $109.49
Market Cap: $8.50B
P/E (TTM): 22.35
EPS (TTM): 4.31
Dividend Yield: —

Advanced Metrics

Price/Book: 2.45
PEG Ratio: 0.89
Return on Equity: 11.56%
Return on Assets: 6.71%
Gross Margin: 48.54%
Operating Margin: 15.78%
Profit Margin: 10.95%
Current Ratio: 3.54
Debt/Equity: 0.45
Total Debt: $1.55B
Free Cash Flow: $476.14M
Revenue Growth: -4.20%
Earnings Growth: 255.60%
Enterprise Value: $8.76B

QRVO Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$3.57B	$3.77B	$3.72B	$3.68B
Cost of Revenue	$2.27B	$2.28B	$2.18B	$1.99B
Gross Profit	$1.30B	$1.49B	$1.54B	$1.69B
Research & Development	$649.84M	$682.25M	$747.71M	$726.12M
Selling, General & Admin	$358.79M	$389.14M	$403.62M	$380.67M
Operating Expenses	$1.10B	$1.18B	$1.25B	$1.19B
Operating Income	$195.58M	$313.12M	$288.10M	$493.79M
EBITDA	$531.94M	$463.74M	$441.06M	$733.80M
Pretax Income	$124.63M	$73.56M	$65.90M	$398.27M
Income Tax	$21.48M	$143.88M	$10.28M	$59.28M
Net Income	$103.15M	-$70.32M	$55.62M	$338.99M
Diluted EPS	1.00	-0.73	0.58	3.62
Diluted Shares	103.02M	97.56M	95.45M	93.55M

QRVO Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$808.76M	$1.03B	$1.02B	$1.22B
Receivables	$331.05M	$427.39M	$397.74M	$398.68M
Inventory	$796.60M	$710.55M	$640.99M	$553.72M
Current Assets	$2.03B	$2.45B	$2.17B	$2.31B
Total Assets	$6.69B	$6.55B	$5.93B	$5.83B
Current Liabilities	$555.76M	$1.23B	$783.18M	$712.76M
Long-Term Debt	$2.05B	$1.55B	$1.55B	$1.55B
Total Debt	$2.05B	$1.99B	$1.55B	$1.55B
Total Liabilities	$2.79B	$3.00B	$2.54B	$2.48B
Retained Earnings	$84.50M	-$89.60M	-$33.98M	$38.79M
Shareholders' Equity	$3.90B	$3.56B	$3.39B	$3.34B
Working Capital	$1.47B	$1.22B	$1.38B	$1.59B
Net Debt	$1.24B	$958.75M	$528.04M	$330.14M

QRVO Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$843.23M	$833.19M	$622.20M	$808.63M
Capital Expenditure	-$158.95M	-$127.23M	-$137.60M	-$129.07M
Free Cash Flow	$684.28M	$705.96M	$484.60M	$679.56M
Depreciation & Amortisation	$338.85M	$320.93M	$296.84M	$262.39M
Stock-Based Compensation	$105.58M	$120.83M	$136.35M	$136.07M
Investing Cash Flow	-$153.41M	-$136.47M	$36.55M	-$43.60M
Financing Cash Flow	-$853.35M	-$459.57M	-$684.36M	-$566.53M
Share Repurchases	-$861.75M	-$400.05M	-$356.34M	-$532.55M
Net Change in Cash	-$163.53M	$237.15M	-$25.61M	$198.50M

QRVO Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$818.78M	$1.06B	$992.96M	$808.28M	$784.79M
Cost of Revenue	$486.98M	$561.41M	$528.77M	$413.26M	$383.83M
Gross Profit	$331.80M	$497.09M	$464.19M	$395.02M	$400.97M
Research & Development	$179.24M	$198.42M	$178.07M	$170.39M	$172.43M
Selling, General & Admin	$107.89M	$107.32M	$81.43M	$84.03M	$90.13M
Operating Expenses	$301.72M	$339.40M	$272.05M	$281.14M	$304.20M
Operating Income	$30.09M	$157.68M	$192.14M	$113.88M	$96.77M
EBITDA	$117.93M	$240.28M	$273.35M	$102.23M	$166.51M
Pretax Income	$31.68M	$155.09M	$189.80M	$21.69M	$100.53M
Income Tax	$6.09M	$35.49M	$25.74M	-$8.04M	$14.72M
Net Income	$25.59M	$119.60M	$164.06M	$29.73M	$85.80M
Diluted EPS	0.27	1.28	1.75	0.32	0.96
Diluted Shares	93.77M	93.79M	93.57M	92.63M	89.36M

QRVO Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.17B	$1.10B	$1.32B	$1.22B	$1.33B
Receivables	$343.28M	$560.24M	$520.06M	$398.68M	$395.93M
Inventory	$637.96M	$605.34M	$530.18M	$553.72M	$592.49M
Current Assets	$2.25B	$2.38B	$2.48B	$2.31B	$2.44B
Total Assets	$6.00B	$6.10B	$6.16B	$5.83B	$5.94B
Current Liabilities	$798.33M	$804.58M	$675.70M	$712.76M	$687.69M
Long-Term Debt	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B
Total Debt	$1.55B	$1.55B	$1.55B	$1.55B	$1.55B
Total Liabilities	$2.56B	$2.59B	$2.47B	$2.48B	$2.47B
Retained Earnings	-$8.39M	$72.89M	$226.74M	$38.79M	$124.59M
Shareholders' Equity	$3.44B	$3.51B	$3.70B	$3.34B	$3.47B
Working Capital	$1.45B	$1.57B	$1.81B	$1.59B	$1.75B
Net Debt	$383.72M	$445.90M	$230.66M	$330.14M	$220.19M

QRVO Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$182.94M	$83.99M	$265.43M	$276.26M	$139.49M
Capital Expenditure	-$37.54M	-$41.80M	-$28.50M	-$21.23M	-$24.14M
Free Cash Flow	$145.40M	$42.19M	$236.94M	$255.03M	$115.35M
Depreciation & Amortisation	$67.46M	$66.70M	$65.52M	$62.70M	$50.14M
Stock-Based Compensation	$42.48M	$40.42M	$26.85M	$26.32M	$34.41M
Investing Cash Flow	-$33.33M	-$32.68M	$4.28M	$18.13M	-$22.85M
Financing Cash Flow	-$6.93M	-$113.32M	-$54.20M	-$392.08M	-$6.47M
Share Repurchases	-$49.91M	-$65.13M	-$17.46M	-$400.05M	$0.00
Net Change in Cash	$142.68M	-$62.01M	$215.51M	-$97.68M	$110.18M

Market Snapshot

About

Qorvo designs and manufactures radio frequency (RF) semiconductor solutions for mobile devices, infrastructure, and aerospace/defense applications. The company provides critical components for 5G networks, WiFi systems, cellular base stations, and advanced radar systems. Qorvo is a key supplier to major smartphone manufacturers and benefits from the ongoing global 5G infrastructure buildout.