Qorvo, Inc.

Listed Company

QRVOCIK 0001604778NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Apr 3

Period

FY 2026

Revenue

$3.68B

Net Income

$338.99M

Total Assets

$5.83B

Equity

$3.34B

Shares Out

88.01M

Op. Cash Flow

$808.63M

QRVO$85.56−3.45% · past yearDBEQ Basic

Daily closing prices

Business

Qorvo is a global semiconductor company developing radio frequency, analog mixed-signal, power management, and wireless connectivity solutions. The company serves defense, infrastructure, industrial, automotive, IoT, and consumer markets through internal fabrication and external sourcing. Operating segments include High Performance Analog, Connectivity and Sensors Group, and Advanced Cellular Group, supplying RF modules, power management ICs, filters, switches, and connectivity SoCs to OEMs and ODMs worldwide.

Summary from 10-K filed 2026-05-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenue	3,679	3,719	3,770	3,569	4,646
Cost of goods sold	1,990	2,183	2,281	2,272	2,360
Gross profit	1,688	1,536	1,488	1,297	2,286
Research and development	726	748	682	650	624
Selling and Marketing Expense	215	232	217	211	—
General and Administrative Expense	165	172	172	148	—
Intangible Asset, Including Goodwill, Impairment Loss	82	193	221	12	—
Other Cost and Expense, Operating	88	96	104	93	39
Total operating expenses	1,277	1,440	1,397	1,114	1,060
Operating income	411	96	92	183	1,226
Interest expense	−73	−78	−69	−68	−63
Other income, net	60	49	51	10	18
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	398	66	74	125	1,181
Income tax expense	−59	−10	−144	−21	148
Net income (loss)	339	56	−70	103	—
Basic net (loss) income per share	−3.66	−0.59	0.72	−1.01	−9.38
Diluted (per share)	−3.62	−0.58	0.72	−1	−9.26
Basic	93	95	98	102	110
Diluted (shares)	94	95	98	103	112

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	1,219	1,021	1,029	809	973
Accounts receivable, net of allowance of $301 and $309 as of March 28, 2026 and March 29, 2025, respectively	383	387	413	305	569
Inventories	554	641	711	797	756
Prepaid expenses	37	33	41	47	50
Other Receivables, Net, Current	16	11	14	27	32
Other current assets	98	75	79	47	71
Total current assets	2,306	2,167	2,446	2,030	2,450
Property and equipment, net	710	802	871	1,150	1,254
Goodwill	2,353	2,390	2,535	2,761	2,776
Intangible assets, net	122	273	509	538	675
Long-term investments	16	23	23	20	31
Other non-current assets	318	277	170	193	324
Total assets	5,826	5,933	6,555	6,692	7,509
Accounts payable	243	261	253	211	328
Accrued liabilities	248	288	337	222	240
Other current liabilities	222	235	113	122	107
Total current liabilities	713	783	1,230	556	675
Long-term debt	1,549	1,549	1,549	2,048	2,047
Other long-term liabilities	219	208	219	185	234
Total liabilities	2,481	2,541	2,998	2,789	2,956
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock and additional paid-in capital, $0.0001 par value; 405,000 shares authorized; 87,741 and 92,920 shares issued and outstanding at March 28, 2026 and March 29, 2025, respectively	3,301	3,431	3,651	3,821	4,036
Accumulated other comprehensive income (loss)	4	−5	−5	−3	5
Retained Earnings (Accumulated Deficit)	39	−34	−90	84	512
Total stockholders equity	3,344	3,392	3,556	3,903	4,553
Total liabilities and stockholders equity	5,826	5,933	6,555	6,692	7,509

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation	151	163	193	206	211
Intangible assets amortization	111	134	128	132	151
Deferred Income Tax Expense (Benefit)	−39	−85	19	−66	32
Stock-based compensation expense	136	136	121	106	84
Other, net	−13	32	79	25	15
Accounts receivable, net	3	27	−106	265	−108
Inventories	87	18	93	−81	−236
Prepaid expenses and other assets	−19	−24	−23	43	−177
Accounts payable	−5	7	89	−115	34
Accrued liabilities	−45	−46	131	−18	−12
Income taxes payable and receivable	942,000	−4	9	−33	−3
Other liabilities	20	16	−50	37	−22
Net cash provided by operating activities	809	622	833	843	1,049
Purchases of property and equipment	−129	−138	−127	−159	−213
Proceeds from sales of property and equipment	52	7	50	2	898,000
Purchases of businesses, net of cash acquired	0	−791,000	−83	−95,000	−389
Proceeds from Sales of Business, Affiliate and Productive Assets	21	173	20	0	—
Other investing activities	12	−5	4	4	6
Net cash (used in) provided by investing activities	−44	37	−136	−153	−596
Payment and repurchase of debt	0	−439	−58	0	−198
Purchase and supply commitment, Supplies Proceeds	−12	130	0	—	—
Repurchase of common stock, including transaction costs	−533	−356	−400	−862	−1,152
Proceeds from the issuance of common stock	35	36	37	33	38
Tax withholding paid on behalf of employees for restricted stock units	−32	−31	−27	−23	−53
Other financing activities	−26	−24	−11	−694,000	−10
Net cash used in financing activities	−567	−684	−460	−853	−876
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	−666,000	−2	3	−331,000	−3
Net increase (decrease) in cash, cash equivalents and restricted cash	198	−28	240	−164	−426
Interest Paid, Excluding Capitalized Interest, Operating Activity	73	76	55	66	59
Capital Expenditures Incurred but Not yet Paid	25	65	70	33	36

Filings

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Frequently asked questions

What is Qorvo, Inc.'s CIK number?

Qorvo, Inc.'s SEC CIK number is 0001604778 (1604778). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Qorvo, Inc.'s SEC filings?

All of Qorvo, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Qorvo, Inc. last report earnings?

Qorvo, Inc. (QRVO) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030523). This is Qorvo, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Qorvo, Inc.'s most recent earnings 8-K?

Qorvo, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030523. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Qorvo, Inc.'s latest earnings 8-K →
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