Qorvo, Inc. (QRVO)
NASDAQ: QRVO · Real-Time Price · USD
78.58
+0.46 (0.59%)
Jun 6, 2025, 4:00 PM - Market closed

Qorvo Income Statement

Millions USD. Fiscal year is Apr - Mar.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2016 - 2020
Period Ending
Mar '25 Mar '24 Apr '23 Apr '22 Apr '21 2016 - 2020
Revenue
3,7193,7703,5694,6464,015
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Revenue Growth (YoY)
-1.34%5.61%-23.17%15.70%23.96%
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Cost of Revenue
2,1562,2592,2262,3562,132
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Gross Profit
1,5631,5111,3442,2901,884
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Selling, General & Admin
403.62389.14358.79349.72367.24
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Research & Development
747.71682.25649.84623.64570.4
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Other Operating Expenses
35.8633.5625.2414.3512.01
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Operating Expenses
1,1871,1051,034987.7949.64
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Operating Income
376.13405.95309.671,302933.93
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Interest Expense
-78.33-69.25-68.46-63.33-75.2
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Interest & Investment Income
47.138.321.12.7-
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Earnings From Equity Investments
---1221.5
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Currency Exchange Gain (Loss)
-0.30.4---
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Other Non Operating Income (Expenses)
1.310.6-11.183.64-45.55
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EBT Excluding Unusual Items
345.9386.01251.131,257834.68
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Merger & Restructuring Charges
-280.6-92.8-114.09-28-27.3
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Impairment of Goodwill
--221.41-12.41-48-
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Gain (Loss) on Sale of Assets
--0.04---
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Other Unusual Items
0.61.8---
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Pretax Income
65.973.56124.631,181807.38
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Income Tax Expense
10.28143.8821.48147.7373.77
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Net Income
55.62-70.32103.151,033733.61
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Net Income to Common
55.62-70.32103.151,033733.61
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Net Income Growth
---90.02%40.86%119.43%
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Shares Outstanding (Basic)
9598102110114
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Shares Outstanding (Diluted)
9598103112116
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Shares Change (YoY)
-2.16%-5.30%-7.64%-3.85%-2.75%
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EPS (Basic)
0.59-0.721.019.386.43
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EPS (Diluted)
0.58-0.721.009.266.32
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EPS Growth
---89.20%46.52%125.71%
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Free Cash Flow
484.6705.96684.28835.781,115
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Free Cash Flow Per Share
5.087.246.647.499.61
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Gross Margin
42.04%40.08%37.64%49.29%46.91%
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Operating Margin
10.11%10.77%8.68%28.03%23.26%
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Profit Margin
1.49%-1.87%2.89%22.24%18.27%
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Free Cash Flow Margin
13.03%18.73%19.17%17.99%27.77%
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EBITDA
672.97726.88648.521,6631,390
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EBITDA Margin
18.10%19.28%18.17%35.81%34.62%
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D&A For EBITDA
296.84320.93338.85361.42456.1
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EBIT
376.13405.95309.671,302933.93
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EBIT Margin
10.11%10.77%8.68%28.03%23.26%
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Effective Tax Rate
15.61%195.60%17.23%12.51%9.14%
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Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q