Qorvo Income Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 28, 2026	Mar '25 Mar 29, 2025	Mar '24 Mar 30, 2024	Apr '23 Apr 1, 2023	Apr '22 Apr 2, 2022
Revenue	3,679	3,719	3,770	3,569	4,646
Revenue Growth (YoY)	-1.09%	-1.34%	5.61%	-23.17%	15.70%
Cost of Revenue	1,990	2,183	2,281	2,272	2,360
Gross Profit	1,688	1,536	1,489	1,297	2,286
Selling, General & Admin	380.67	403.62	389.14	358.79	349.72
Research & Development	726.12	747.71	682.25	649.84	623.64
Other Operating Expenses	169.88	288.73	325.41	105.14	86.75
Total Operating Expenses	1,277	1,440	1,397	1,114	1,060
Operating Income	411.42	95.53	91.7	183.17	1,226
Interest Expense	-73.13	-78.33	-69.25	-68.46	-63.33
Other Non-Operating Income (Expense)	59.98	48.7	51.1	9.92	18.34
Total Non-Operating Income (Expense)	-13.15	-29.63	-18.14	-58.54	-44.99
Pretax Income	398.27	65.9	73.56	124.63	1,181
Provision for Income Taxes	59.28	10.28	143.88	21.48	147.73
Net Income	338.99	55.62	-70.32	103.15	1,033
Net Income to Common	338.99	55.62	-70.32	103.15	1,033
Net Income Growth	509.53%	-	-	-90.02%	40.86%
Shares Outstanding (Basic)	93	95	98	102	110
Shares Outstanding (Diluted)	94	95	98	103	112
Shares Change (YoY)	-1.99%	-2.16%	-5.30%	-7.64%	-3.85%
EPS (Basic)	3.66	0.59	-0.72	1.01	9.38
EPS (Diluted)	3.62	0.58	-0.72	1.00	9.26
EPS Growth	524.14%	-	-	-89.20%	46.52%
Shares Outstanding	87.74	92.92	95.8	98.65	106.3
Free Cash Flow	679.56	484.6	705.96	684.28	835.78
Free Cash Flow Growth	40.23%	-31.36%	3.17%	-18.13%	-25.04%
Free Cash Flow Per Share	7.26	5.08	7.24	6.64	7.49
Gross Margin	45.89%	41.29%	39.49%	36.34%	49.21%
Operating Margin	11.18%	2.57%	2.43%	5.13%	26.39%
Profit Margin	9.22%	1.50%	-1.87%	2.89%	22.24%
FCF Margin	18.47%	13.03%	18.73%	19.17%	17.99%
EBITDA	673.81	392.36	412.63	522.02	1,587
EBITDA Margin	18.32%	10.55%	10.95%	14.62%	34.17%
EBIT	411.42	95.53	91.7	183.17	1,226
EBIT Margin	11.18%	2.57%	2.43%	5.13%	26.39%
Effective Tax Rate	14.89%	15.61%	195.60%	17.23%	12.51%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q