Qorvo, Inc. (QRVO) — Financial statements
Income statement, balance sheet, and cash flow for Qorvo, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,679↓1.1% | 3,719↓1.3% | 3,770↑5.6% | 3,569↓23.2% | 4,646 | |
| Cost of Revenue | 1,990↓8.8% | 2,183↓4.3% | 2,281↑0.4% | 2,272↓3.7% | 2,360 | |
| Gross Profit | 1,688↑9.9% | 1,536↑3.2% | 1,488↑14.8% | 1,297↓43.3% | 2,286 | |
| Operating Expenses | ||||||
| R&D Expenses | 726↓2.9% | 748↑9.6% | 682↑5.0% | 650↑4.2% | 624 | |
| General & Administrative Expenses | 165↓3.8% | 172↓0.1% | 172↑16.0% | 148 | 0.00 | |
| Selling & Marketing Expenses | 215↓7.1% | 232↑6.7% | 217↑3.1% | 211 | 0.00 | |
| SG&A Expenses | 381↓5.7% | 404↑3.7% | 389↑8.5% | 359↑2.6% | 350 | |
| Other Expenses | 170↓41.2% | 289↓11.3% | 325↑209.5% | 105↑21.2% | 87 | |
| Operating Expenses | 1,277↓11.3% | 1,440↑3.1% | 1,397↑25.4% | 1,114↑5.1% | 1,060 | |
| Total Costs & Expenses | 3,267↓9.8% | 3,623↓1.5% | 3,678↑8.6% | 3,386↓1.0% | 3,420 | |
| Operating Results | ||||||
| Operating Income | 411↑330.7% | 96↑4.2% | 92↓49.9% | 183↓85.1% | 1,226 | |
| Depreciation & Amortization | 0.00↓100.0% | 297↓7.5% | 321↓5.3% | 339↓6.2% | 361 | |
| EBITDA | 411↓6.7% | 441↓4.9% | 464↓12.8% | 532↓66.9% | 1,606 | |
| EBIT | 411↑185.3% | 144↑1.0% | 143↓26.0% | 193↓84.5% | 1,244 | |
| Interest & Other Income | ||||||
| Net Interest Income | -73↑6.6% | -78↓13.1% | -69↓1.1% | -68↓8.1% | -63 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 73↓6.6% | 78↑13.1% | 69↑1.1% | 68↑8.1% | 63 | |
| Non-Operating Income | 0.00↑100.0% | -49↑4.7% | -51↓415.0% | -10↑45.9% | -18 | |
| Other Income / Expenses | -13↑55.6% | -30↓63.3% | -18↑69.0% | -59↓30.1% | -45 | |
| Income Before Tax | 398↑504.4% | 66↓10.4% | 74↓41.0% | 125↓89.4% | 1,181 | |
| Income Tax Expense | 59↑476.5% | 10↓92.9% | 144↑569.9% | 21↓85.5% | 148 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 339↑509.5% | 56↑179.1% | -70↓168.2% | 103↓90.0% | 1,033 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 339↑509.5% | 56↑179.1% | -70↓168.2% | 103↓90.0% | 1,033 | |
| Bottom-Line Net Income | 339↑509.5% | 56↑179.1% | -70↓168.2% | 103↓90.0% | 1,033 | |
| EPS (Basic) | 3.66↑520.3% | 0.59↑181.9% | -0.72↓171.3% | 1.01↓89.2% | 9.38 | |
| EPS (Diluted) | 3.62↑524.1% | 0.58↑180.6% | -0.72↓172.0% | 1.00↓89.2% | 9.26 | |
| Weighted Average Shares | 93↓2.1% | 95↓3.0% | 98↓4.5% | 102↓8.4% | 112 | |
| Weighted Average Diluted Shares | 94↓2.0% | 95↓2.2% | 98↓5.3% | 103↓7.6% | 112 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.