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	2,080	2,183	2,281	2,272	2,360	2,132
Gross Profit	1,660	1,536	1,489	1,297	2,286	1,884
Selling, General & Admin	477.81	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	128.62	288.73	325.41	105.14	86.75	39.31
Total Operating Expenses	1,342	1,440	1,397	1,114	1,060	976.94
Operating Income	408.13	95.53	91.7	183.17	1,226	906.63
Interest Expense	-75.28	-78.33	-69.25	-68.46	-63.33	-75.2
Other Non-Operating Income (Expense)	58.95	48.7	51.1	9.92	18.34	-24.05
Total Non-Operating Income (Expense)	-16.33	-29.63	-18.14	-58.54	-44.99	-99.25
Pretax Income	391.81	65.9	73.56	124.63	1,181	807.38
Provision for Income Taxes	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)	-2.22%	-2.16%	-5.30%	-7.64%	-3.85%	-2.75%
EPS (Basic)	3.68	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	1196.43%	-	-	-89.20%	46.52%	125.71%
Shares Outstanding	92.65	92.92	95.8	98.65	106.3	112.56
Free Cash Flow	595.2	484.6	705.96	684.28	835.78	1,115
Free Cash Flow Growth	22.82%	-31.36%	3.17%	-18.13%	-25.04%	42.65%
Free Cash Flow Per Share	6.34	5.08	7.24	6.64	7.49	9.61
Gross Margin	44.38%	41.29%	39.49%	36.34%	49.21%	46.91%
Operating Margin	10.91%	2.57%	2.43%	5.13%	26.39%	22.58%
Profit Margin	9.11%	1.50%	-1.87%	2.89%	22.24%	18.27%
FCF Margin	15.92%	13.03%	18.73%	19.17%	17.99%	27.77%
EBITDA	678.59	392.36	412.63	522.02	1,587	1,363
EBITDA Margin	18.15%	10.55%	10.95%	14.62%	34.17%	33.94%
EBIT	408.13	95.53	91.7	183.17	1,226	906.63
EBIT Margin	10.91%	2.57%	2.43%	5.13%	26.39%	22.58%
Effective Tax Rate	13.06%	15.61%	195.60%	17.23%	12.51%	9.14%

Updated Jan 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q