Qorvo, Inc. (QRVO)

Qorvo Income Statement

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

Year Ending	TTM	Mar 30, 2024	Apr 1, 2023	Apr 2, 2022	Apr 3, 2021	Mar 28, 2020
Revenue	3,770	3,770	3,569	4,646	4,015	3,239
Revenue Growth (YoY)	5.61%	5.61%	-23.17%	15.70%	23.96%	4.82%
Cost of Revenue	2,281	2,281	2,272	2,360	2,132	1,917
Gross Profit	1,488	1,488	1,297	2,286	1,884	1,322
Selling, General & Admin	389.14	389.14	358.79	349.72	367.24	343.57
Research & Development	682.25	682.25	649.84	623.64	570.4	484.41
Other Operating Expenses	325.41	325.41	105.14	86.75	39.31	70.56
Operating Expenses	1,397	1,397	1,114	1,060	976.94	898.55
Operating Income	91.7	91.7	183.17	1,226	906.63	423.22
Interest Expense / Income	69.25	69.25	68.46	63.33	75.2	60.39
Other Expense / Income	-51.1	-51.1	-9.92	-18.34	24.05	-32.27
Pretax Income	73.56	73.56	124.63	1,181	807.38	395.09
Income Tax	143.88	143.88	21.48	147.73	73.77	60.76
Net Income	-70.32	-70.32	103.15	1,033	733.61	334.33
Net Income Growth	-	-	-90.02%	40.86%	119.43%	151.14%
Shares Outstanding (Basic)	98	98	102	110	114	117
Shares Outstanding (Diluted)	98	98	103	112	116	119
Shares Change	-5.30%	-5.30%	-7.64%	-3.85%	-2.75%	-6.33%
EPS (Basic)	-0.72	-0.72	1.01	9.38	6.43	2.86
EPS (Diluted)	-0.72	-0.72	1.00	9.26	6.32	2.80
EPS Growth	-	-	-89.20%	46.52%	125.71%	166.67%
Free Cash Flow	755.51	755.51	686.13	836.68	1,115	781.54
Free Cash Flow Per Share	7.74	7.74	6.71	7.59	9.78	6.68
Gross Margin	39.49%	39.49%	36.34%	49.21%	46.91%	40.81%
Operating Margin	2.43%	2.43%	5.13%	26.39%	22.58%	13.07%
Profit Margin	-1.87%	-1.87%	2.89%	22.24%	18.27%	10.32%
Free Cash Flow Margin	20.04%	20.04%	19.22%	18.01%	27.77%	24.13%
Effective Tax Rate	195.60%	195.60%	17.23%	12.51%	9.14%	15.38%
EBITDA	463.74	463.74	531.94	1,606	1,339	924.41
EBITDA Margin	12.30%	12.30%	14.90%	34.57%	33.34%	28.54%
Depreciation & Amortization	320.93	320.93	338.85	361.42	456.1	468.93
EBIT	142.81	142.81	193.09	1,244	882.58	455.48
EBIT Margin	3.79%	3.79%	5.41%	26.79%	21.98%	14.06%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).