Qorvo, Inc. (QRVO) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2026, Qorvo reported revenue of $3.68B, down 1.1% from $3.72B the year before. Net income was $339.0M (a 9.2% net margin), or $3.62 per diluted share. Gross margin was 45.9% and operating margin was 11.2%. Operating activities generated $808.6M of cash, leaving $679.6M of free cash flow. At fiscal year end, Qorvo held $5.83B in total assets against $2.48B in total liabilities, including $1.22B of cash and equivalents.
Open the full interactive Qorvo financials → Quarterly statements, key ratios, valuation history and price charts.
Qorvo Key Stats
| Share Price | $114.17 |
|---|---|
| Market Cap | $10.20B |
| P/E Ratio | 31.5 |
| Revenue YoY Growth | -1.1% |
| 52-Week Range | $76.02 – $119.59 |
| Shares Outstanding | 88.0 million (basic, 2027 Q1) |
Qorvo Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $4.02B | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B |
| Cost of Goods Sold | $2.13B | $2.36B | $2.27B | $2.28B | $2.18B | $1.99B |
| Gross Profit | $1.88B | $2.29B | $1.30B | $1.49B | $1.54B | $1.69B |
| Operating Income | $906.6M | $1.23B | $183.2M | $91.7M | $95.5M | $411.4M |
| Pre-Tax Income | $807.4M | $1.18B | $124.6M | $73.6M | $65.9M | $398.3M |
| Income Tax | $73.8M | $147.7M | $21.5M | $143.9M | $10.3M | $59.3M |
| Net Income | $733.6M | $1.03B | $103.2M | -$70.3M | $55.6M | $339.0M |
| Diluted EPS | $6.32 | $9.26 | $1.00 | -$0.72 | $0.58 | $3.62 |
Qorvo Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $1.06B | $993.0M | $808.3M | $784.8M |
| Net Income | $119.6M | $164.1M | $29.7M | $85.8M |
| Diluted EPS | $1.28 | $1.75 | $0.32 | $0.96 |
Qorvo Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.40B | $972.6M | $808.8M | $1.03B | $1.02B | $1.22B |
| Current Assets | $2.48B | $2.45B | $2.03B | $2.45B | $2.17B | $2.31B |
| Total Assets | $7.22B | $7.51B | $6.69B | $6.55B | $5.93B | $5.83B |
| Current Liabilities | $681.6M | $675.1M | $555.8M | $1.23B | $783.2M | $712.8M |
| Total Long-Term Debt | $1.74B | $2.05B | $2.05B | $1.55B | $1.55B | $1.55B |
| Total Liabilities | $2.59B | $2.96B | $2.79B | $3.00B | $2.54B | $2.48B |
| Shareholders' Equity | $4.63B | $4.55B | $3.90B | $3.56B | $3.39B | $3.34B |
Qorvo Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.30B | $1.05B | $843.2M | $833.2M | $622.2M | $808.6M |
| Cash From Investing | -$218.7M | -$596.0M | -$153.4M | -$136.5M | $36.6M | -$43.6M |
| Cash From Financing | -$401.9M | -$875.5M | -$853.4M | -$459.6M | -$684.4M | -$566.5M |
| Free Cash Flow | $1.11B | $835.8M | $684.3M | $706.0M | $484.6M | $679.6M |
Figures from Qorvo's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Qorvo financials page for every line item.
Qorvo Company Profile
| Ticker | QRVO |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Greensboro, North Carolina |
| Incorporated in | Delaware |
| Fiscal Year End | April 3 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001604778 |
Frequently Asked Questions
What was Qorvo's revenue in fiscal 2026?
Qorvo (QRVO) reported revenue of $3.68B for fiscal 2026.
What is Qorvo's annual revenue history?
Qorvo's annual revenue by fiscal year: 2021: $4.02B; 2022: $4.65B; 2023: $3.57B; 2024: $3.77B; 2025: $3.72B; 2026: $3.68B.
What was Qorvo's net income in fiscal 2026?
Qorvo reported net income of $339.0M for fiscal 2026.
What was Qorvo's earnings per share (EPS) in fiscal 2026?
Qorvo's diluted EPS was $3.62 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Qorvo generate in fiscal 2026?
Qorvo generated $679.6M of free cash flow in fiscal 2026.
What was Qorvo's revenue last quarter?
In its most recent reported quarter (2027 Q1), Qorvo reported revenue of $784.8M.
How much debt does Qorvo have?
Qorvo reported $1.55B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Qorvo are outstanding?
Qorvo reported a weighted average of 88.0 million basic shares outstanding in 2027 Q1.
What is Qorvo's market cap?
Based on its latest closing price, Qorvo (QRVO) has a market capitalization of about $10.20B.
When does Qorvo's fiscal year end?
Qorvo's fiscal year end, as registered with the SEC, is April 3.
Where is Qorvo headquartered?
Qorvo lists its business address in Greensboro, North Carolina in its SEC filings.