Loading…
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.7B | $441M | $56M | $485M | 1.6% | -1.3% | -179.1% |
| 2024 | $3.8B | $464M | $-70M | $706M | -2.0% | 5.6% | -168.2% |
| 2023 | $3.6B | $532M | $103M | $684M | 2.6% | -23.2% | -90.0% |
| 2022 | $4.6B | $1.6B | $1.0B | $836M | 22.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,645.71 | 3,569.40 | 3,769.51 | 3,718.97 |
| Cost Of Revenue | 2,359.55 | 2,272.46 | 2,281.01 | 2,183.38 |
| Gross Profit | 2,286.17 | 1,296.94 | 1,488.50 | 1,535.59 |
| Operating Expense | 1,012.10 | 1,101.36 | 1,175.38 | 1,247.49 |
| Operating Income | 1,274.07 | 195.58 | 313.12 | 288.10 |
| EBITDA | 1,605.82 | 531.94 | 463.74 | 441.06 |
| EBIT | 1,244.41 | 193.09 | 142.80 | 144.23 |
| Pretax Income | 1,181.08 | 124.63 | 73.56 | 65.90 |
| Tax Provision | 147.73 | 21.48 | 143.88 | 10.28 |
| Net Income | 1,033.35 | 103.15 | -70.32 | 55.62 |
| Net Income Common Stockholders | 1,033.35 | 103.15 | -70.32 | 55.62 |
| Total Expenses | 3,371.64 | 3,373.82 | 3,456.39 | 3,430.88 |
| Interest Expense | 63.33 | 68.46 | 69.24 | 78.33 |
| Research And Development | 623.64 | 649.84 | 682.25 | 747.71 |
| Selling General And Administration | 349.72 | 358.79 | 389.14 | 403.62 |
| Normalized EBITDA | 1,653.82 | 544.35 | 685.15 | 633.63 |
| Normalized Income | 1,075.35 | 113.43 | 104.60 | 218.14 |
| Market Cap | 8,139.56 | 8,139.56 | 8,139.56 | 8,139.56 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Qorvo, Inc.this co. | QRVO | $8.3B | 146.36↑ premium | 2.40 | 1.6% | 19.65 |
| Skyworks Solutions, Inc. | SWKS | $9.8B | 20.07 | 1.66 | 8.3% | 9.46 |
| ESCO Technologies Inc. | ESE | $8.3B | 27.70 | 5.38 | 19.4% | 34.30 |
| Paycom Software, Inc. | PAYC | $6.9B | 14.81 | 3.88 | 26.2% | 8.05 |
| Plexus Corp. | PLXS | $6.9B | 39.37 |
| 4.68 |
| 11.9% |
| 24.03 |
| EPAM Systems, Inc. | EPAM | $6.6B | 16.62 | 1.71 | 10.3% | 7.47 |
| Lyft, Inc. | LYFT | $5.9B | 1.91 | 1.66 | 86.9% | 54.37 |
| OSI Systems, Inc. | OSIS | $4.9B | 32.21 | 5.07 | 15.7% | 20.54 |
| Diodes Incorporated | DIOD | $4.8B | 72.62 | 2.56 | 3.5% | 19.66 |
| Peer Median | - | 23.88 | 3.22 | 13.8% | 20.10 | |