Qorvo, Inc. Earnings Per Share Disclosure
| Fiscal Year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
Numerator for basic and diluted net income (loss) per share — net income (loss) available to common stockholders | $ | 55,615 | $ | (70,322) | $ | 103,152 | |||||||||||
| Denominator: | |||||||||||||||||
Denominator for basic net income (loss) per share — weighted-average shares | 94,586 | 97,557 | 102,206 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Stock-based awards | 864 | — | 813 | ||||||||||||||
Denominator for diluted net income (loss) per share — adjusted weighted-average shares and assumed conversions | 95,450 | 97,557 | 103,019 | ||||||||||||||
Basic net income (loss) per share | $ | 0.59 | $ | (0.72) | $ | 1.01 | |||||||||||
Diluted net income (loss) per share | $ | 0.58 | $ | (0.72) | $ | 1.00 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 19, 2025 | Showing above |
| 2024 | May 20, 2024 | |
| 2023 | May 19, 2023 | |
| 2022 | May 20, 2022 | |
| 2021 | May 24, 2021 | |
| 2020 | May 20, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.