Qorvo Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 27, 2025	Mar '25 Mar 29, 2025	Mar '24 Mar 30, 2024	Apr '23 Apr 1, 2023	Apr '22 Apr 2, 2022	Apr '21 Apr 3, 2021
Revenue	3,740	3,719	3,770	3,569	4,646	4,015
Revenue Growth (YoY)	-1.34%	-1.34%	5.61%	-23.17%	15.70%	23.96%
Cost of Revenue	2,069	2,156	2,259	2,226	2,356	2,132
Gross Profit	1,671	1,563	1,511	1,344	2,290	1,884
Selling, General & Admin	387.23	403.62	389.14	358.79	349.72	367.24
Research & Development	735.67	747.71	682.25	649.84	623.64	570.4
Other Operating Expenses	49.06	35.86	33.56	25.24	14.35	12.01
Operating Expenses	1,172	1,187	1,105	1,034	987.7	949.64
Operating Income	499.1	376.13	405.95	309.67	1,302	933.93
Interest Expense	-75.28	-78.33	-69.25	-68.46	-63.33	-75.2
Interest & Investment Income	41.2	47.1	38.3	21.1	2.7	-
Earnings From Equity Investments	15.3	-	-	-	12	21.5
Currency Exchange Gain (Loss)	-0.3	-0.3	0.4	-	-	-
Other Non Operating Income (Expenses)	2.15	1.3	10.6	-11.18	3.64	-45.55
EBT Excluding Unusual Items	482.17	345.9	386.01	251.13	1,257	834.68
Merger & Restructuring Charges	-204.03	-280.6	-92.8	-114.09	-28	-27.3
Impairment of Goodwill	113.07	-	-221.41	-12.41	-48	-
Gain (Loss) on Sale of Assets	-	-	-0.04	-	-	-
Other Unusual Items	0.6	0.6	1.8	-	-	-
Pretax Income	391.81	65.9	73.56	124.63	1,181	807.38
Income Tax Expense	51.18	10.28	143.88	21.48	147.73	73.77
Net Income	340.62	55.62	-70.32	103.15	1,033	733.61
Net Income to Common	340.62	55.62	-70.32	103.15	1,033	733.61
Net Income Growth	1162.27%	-	-	-90.02%	40.86%	119.43%
Shares Outstanding (Basic)	93	95	98	102	110	114
Shares Outstanding (Diluted)	94	95	98	103	112	116
Shares Change (YoY)	-2.15%	-2.16%	-5.30%	-7.64%	-3.85%	-2.75%
EPS (Basic)	3.66	0.59	-0.72	1.01	9.38	6.43
EPS (Diluted)	3.63	0.58	-0.72	1.00	9.26	6.32
EPS Growth	1183.49%	-	-	-89.20%	46.52%	125.71%
Free Cash Flow	595.2	484.6	705.96	684.28	835.78	1,115
Free Cash Flow Per Share	6.34	5.08	7.24	6.64	7.49	9.61
Gross Margin	44.68%	42.04%	40.08%	37.64%	49.29%	46.91%
Operating Margin	13.35%	10.11%	10.77%	8.68%	28.03%	23.26%
Profit Margin	9.11%	1.49%	-1.87%	2.89%	22.24%	18.27%
Free Cash Flow Margin	15.92%	13.03%	18.73%	19.17%	17.99%	27.77%
EBITDA	769.56	672.97	726.88	648.52	1,663	1,390
EBITDA Margin	20.58%	18.10%	19.28%	18.17%	35.81%	34.62%
D&A For EBITDA	270.46	296.84	320.93	338.85	361.42	456.1
EBIT	499.1	376.13	405.95	309.67	1,302	933.93
EBIT Margin	13.35%	10.11%	10.77%	8.68%	28.03%	23.26%
Effective Tax Rate	13.06%	15.61%	195.60%	17.23%	12.51%	9.14%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.