Qorvo, Inc. (QRVO)

Qorvo Income Statement

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

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

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q