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

Business

Qorvo, Inc. develops and commercializes semiconductor technologies and products for wireless, wired and power applications. It offers RF, analog mixed-signal and power management components, connectivity and sensor SoCs/SiPs, acoustic filters, amplifiers, switches, PMICs, RF front-end modules and compound semiconductor foundry and packaging services. The company operates through three reportable segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). Qorvo sells worldwide to automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile markets both directly and through sales representatives and distributors.

Summary from filing dated 2025-05-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
Revenue	3,679	3,719	3,770
Cost of goods sold	1,990	2,183	2,281
Gross profit	1,688	1,536	1,488
Operating expenses:	—	—	—
Research and development	726	748	682
Selling and Marketing Expense	215	232	217
General and Administrative Expense	165	172	172
Intangible Asset, Including Goodwill, Impairment Loss	82	193	221
Other Cost and Expense, Operating	88	96	104
Total operating expenses	1,277	1,440	1,397
Operating income	411	96	92
Interest expense	73	78	69
Other income, net	60	49	51
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	398	66	74
Income tax expense	59	10	144
Net income (loss)	339	56	−70
Basic net (loss) income per share	3.66	0.59	−0.72
Net income (loss) per share	—	—	—
Diluted	3.62	0.58	−0.72
Weighted-average shares of common stock outstanding:	—	—	—
Basic	93	95	98
Diluted	94	95	98

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	1,219	1,021
Accounts receivable, net of allowance of $301 and $309 as of March 28, 2026 and March 29, 2025, respectively	383	387
Inventories	554	641
Prepaid expenses	37	33
Other Receivables, Net, Current	16	11
Other current assets	98	75
Disposal Group, Including Discontinued Operation, Assets	—	—
Total current assets	2,306	2,167
Property and equipment, net	710	802
Goodwill	2,353	2,390
Intangible assets, net	122	273
Long-term investments	16	23
Other non-current assets	318	277
Total assets	5,826	5,933
LIABILITIES AND SHAREHOLDERS’ EQUITY	—	—
Current liabilities:	—	—
Accounts payable	243	261
Accrued liabilities	248	288
Long-term Debt, Current Maturities	—	—
Other current liabilities	222	235
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations	—	—
Total current liabilities	713	783
Long-term debt	1,549	1,549
Other long-term liabilities	219	208
Total liabilities	2,481	2,541
Commitments and contingent liabilities (Note 11)	—	—
Stockholders’ equity:	—	—
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	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
Accumulated other comprehensive income (loss)	4	−5
Retained Earnings (Accumulated Deficit)	39	−34
Total stockholders’ equity	3,344	3,392
Total liabilities and stockholders’ equity	5,826	5,933

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
Cash flows from operating activities:	—	—	—
Net income (loss)	339	56	−70
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	—	—	—
Depreciation	151	163	193
Intangible assets amortization	111	134	128
Deferred Income Tax Expense (Benefit)	−39	−85	19
Intangible Asset, Including Goodwill, Impairment Loss	82	193	221
Stock-based compensation expense	136	136	121
Other, net	−13	32	79
Changes in operating assets and liabilities:	—	—	—
Accounts receivable, net	−3	−27	106
Inventories	−87	−18	−93
Prepaid expenses and other assets	19	24	23
Accounts payable	−5	7	89
Accrued liabilities	−45	−46	131
Income taxes payable and receivable	942,000	−4	9
Other liabilities	20	16	−50
Net cash provided by operating activities	809	622	833
Investing activities:	—	—	—
Purchases of property and equipment	129	138	127
Proceeds from sales of property and equipment	52	7	50
Purchases of businesses, net of cash acquired	0	791,000	83
Proceeds from Sales of Business, Affiliate and Productive Assets	21	173	20
Other investing activities	−12	5	−4
Net cash (used in) provided by investing activities	−44	37	−136
Financing activities:	—	—	—
Payment and repurchase of debt	0	439	58
Purchase and supply commitment, Supplies Proceeds	−12	130	0
Repurchase of common stock, including transaction costs	533	356	400
Proceeds from the issuance of common stock	35	36	37
Tax withholding paid on behalf of employees for restricted stock units	32	31	27
Other financing activities	−26	−24	−11
Net cash used in financing activities	−567	−684	−460
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	−666,000	−2	3
Net increase (decrease) in cash, cash equivalents and restricted cash	198	−28	240
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—
Cash and Cash Equivalent	—	—	—
Restricted Cash	—	—	—
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—
Interest Paid, Excluding Capitalized Interest, Operating Activity	73	76	55
Capital Expenditures Incurred but Not yet Paid	25	65	70

Filings

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