Qorvo, Inc.QRVOEarnings & Financial Report
Qorvo, Inc. is an American multinational company specializing in products for wireless, wired, and power markets. The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. It trades on Nasdaq under the ticker symbol QRVO. The headquarters for the company originally were in both Hillsboro, Oregon, and Greensboro, North Carolina, but in mid-2016 the company began referring to its North Carolina site as its...
Revenue
$941.0M
Gross Profit
$381.9M
Operating Profit
$30.0M
Net Profit
$2.7M
Gross Margin
40.6%
Operating Margin
3.2%
Net Margin
0.3%
YoY Growth
-12.4%
EPS
$0.04
Qorvo, Inc. Q4 FY2024 Financial Summary
Qorvo, Inc. reported revenue of $941.0M (down 12.4% YoY) for Q4 FY2024, with a net profit of $2.7M (up 102.2% YoY) (0.3% margin). Cost of goods sold was $559.1M, operating expenses totaled $351.9M.
Key Financial Metrics
| Total Revenue | $941.0M |
|---|---|
| Net Profit | $2.7M |
| Gross Margin | 40.6% |
| Operating Margin | 3.2% |
| Report Period | Q4 FY2024 |
Qorvo, Inc. Annual Revenue by Year
Qorvo, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.7B |
| 2022 | $4.6B |
Qorvo, Inc. Quarterly Revenue & Net Profit History
Qorvo, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $993.0M | +8.4% | $164.1M | 16.5% |
| Q2 FY2026 | $1.1B | +1.1% | $119.6M | 11.3% |
| Q1 FY2026 | $818.8M | -7.7% | $25.6M | 3.1% |
| Q4 FY2025 | $869.5M | -7.6% | $31.4M | 3.6% |
| Q3 FY2025 | $916.3M | -14.7% | $41.3M | 4.5% |
| Q2 FY2025 | $1.0B | -5.2% | $-17.4M | -1.7% |
| Q1 FY2025 | $886.7M | +40.1% | $414.0K | 0.0% |
| Q4 FY2024 | $941.0M | -12.4% | $2.7M | 0.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $941.0M | $886.7M | $1.05B | $916.3M | $869.5M | $818.8M | $1.06B | $993.0M |
| YoY Growth | -12.4% | 40.1% | -5.2% | -14.7% | -7.6% | -7.7% | 1.1% | 8.4% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.55B | $6.45B | $6.50B | $5.96B | $5.93B | $6.00B | $6.10B | $6.16B |
| Liabilities | $3.00B | $2.96B | $3.09B | $2.58B | $2.54B | $2.56B | $2.59B | $2.47B |
| Equity | $3.56B | $3.49B | $3.41B | $3.38B | $3.39B | $3.44B | $3.51B | $3.70B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $81.1M | $127.8M | $214.1M | $199.2M | $182.9M | $84.0M | $265.4M |