7Baggers

Qorvo Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Revenue  
 Gross Profit  
 Operating Profit  
 Net Income  
20210703 20211002 20211231 20220101 20220402 20220702 20221001 20221231 20221231 20230401 20230701 20230930 20231230 20231231 20240330 20240629 20240928 20241228 20250329 20250628 -0.190.020.220.430.640.841.051.26Billion

Qorvo Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-28 2025-03-29 2024-12-28 2024-09-28 2024-06-29 2024-03-30 2023-12-31 2023-12-30 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-12-31 2022-10-01 2022-07-02 2022-04-02 2022-01-01 2021-12-31 2021-10-02 2021-07-03 2021-04-03 2021-01-02 2020-12-31 2020-10-03 2020-06-27 2020-03-28 2019-12-31 2019-12-28 2019-09-28 2019-06-29 2019-03-30 2018-12-31 2018-12-29 2018-09-29 2018-06-30 2018-03-31 2017-12-31 2017-12-30 2017-09-30 2017-07-01 2017-04-01 2016-12-31 2016-12-31 2016-10-01 2016-07-02 2016-04-02 2016-01-02 2015-12-31 2015-10-03 2015-06-27 2015-03-28 2014-12-27 
                                                      
  revenue818,778,000 869,474,000 916,317,000 1,046,509,000 886,671,000  740,881,000 1,073,861,000 1,103,493,000 651,164,000 632,703,000 743,281,000 743,281,000 1,158,057,000 1,035,358,000 1,166,158,000 1,113,957,000  1,255,248,000 1,110,351,000 1,072,730,000 1,094,834,000  1,060,292,000 787,451,000  638,956,000 869,073,000 806,698,000 775,598,000  564,093,000 832,330,000 884,443,000 692,670,000  724,421,000 845,739,000 821,583,000 640,831,000 642,992,000 826,347,000 826,347,000 864,698,000 698,537,000 608,069,000 620,681,000  708,335,000 673,641,000 634,892,000 397,086,000 
  yoy-7.66%  23.68% -2.55% -19.65%  17.10% 44.48% 48.46% -43.77% -38.89% -33.28% -33.28%  -17.52% 5.03% 3.84%   4.72% 36.23%   22.00% -2.39%   54.07% -3.08% -12.31%   14.90% 4.58% -15.69%  12.66% 2.35% -0.58% -25.89% -7.95% 33.14% 33.14%  -1.38% -9.73% -2.24%      
  qoq-5.83% -5.11% -12.44% 18.03%   -31.01% -2.69% 69.46% 2.92% -14.88% -35.82% -35.82% 11.85% -11.22% 4.69%   13.05% 3.51% -2.02%   34.65%   -26.48% 7.73% 4.01%   -32.23% -5.89% 27.69%   -14.34% 2.94% 28.21% -0.34% -22.19% -4.44% -4.44% 23.79% 14.88% -2.03%   5.15% 6.10% 59.89%  
  cost of goods sold486,976,000 502,911,000 524,901,000 601,203,000 554,367,000  550,577,000 685,983,000 613,803,000 422,094,000 517,989,000 -36.26% -36.26% 619,130,000 660,108,000 595,819,000 565,864,000  633,695,000 564,168,000 544,255,000 557,082,000  568,742,000 461,662,000  429,755,000 500,962,000 483,116,000 481,309,000  345,737,000 493,967,000 530,929,000 455,937,000  483,235,000 508,812,000 500,561,000 404,454,000 411,396,000 35.90% 35.90% 547,899,000 422,062,000 353,869,000 389,693,000  423,487,000 394,124,000 446,006,000 206,384,000 
  gross profit331,802,000 366,563,000 391,416,000 445,306,000 332,304,000  190,304,000 387,878,000 489,690,000 229,070,000 114,714,000 0.00% 0.00% 538,927,000 375,250,000 570,339,000 548,093,000  621,553,000 546,183,000 528,475,000 537,752,000  491,550,000 325,789,000  209,201,000 368,111,000 323,582,000 294,289,000  218,356,000 338,363,000 353,514,000 236,733,000  241,186,000 336,927,000 321,022,000 236,377,000 231,596,000 0.00% 0.00% 316,799,000 276,475,000 254,200,000 230,988,000  284,848,000 279,517,000 188,886,000 190,702,000 
  yoy-0.15%  105.68% 14.81% -32.14%  65.89% 44.70% 82.69% -57.50% -69.43% -51.09% -51.09%  -39.63% 4.42% 3.71%   11.11% 62.21%   33.53% 0.68%   68.58% -4.37% -16.75%   40.29% 4.92% -26.26%  4.14% 8.46% 3.34% -25.39% -16.23% 34.48% 34.48%  -2.94% -9.06% 22.29%      
  qoq-9.48% -6.35% -12.10% 34.01%   -50.94% -20.79% 113.77% 99.69% -57.20% -50.26% -50.26% 43.62% -34.21% 4.06%   13.80% 3.35% -1.73%   50.88%   -43.17% 13.76% 9.95%   -35.47% -4.29% 49.33%   -28.42% 4.95% 35.81% 2.06% -25.45% -1.94% -1.94% 14.59% 8.76% 10.05%   1.91% 47.98% -0.95%  
  gross margin %40.52% 42.16% 42.72% 42.55% 37.48%  25.69% 36.12% 44.38% 35.18% 18.13% 36.06% 36.06% 46.54% 36.24% 48.91% 49.20%  49.52% 49.19% 49.26% 49.12%  46.36% 41.37%  32.74% 42.36% 40.11% 37.94%  38.71% 40.65% 39.97% 34.18%  33.29% 39.84% 39.07% 36.89% 36.02% 37.59% 37.59% 36.64% 39.58% 41.80% 37.22%  40.21% 41.49% 29.75% 48.03% 
  operating expenses:           475,230,000 475,230,000                             515,705,000 515,705,000          
  research and development179,244,000 179,931,000 179,126,000 201,050,000 187,602,000  147,475,000 164,329,000 174,947,000 163,090,000 163,637,000 268,051,000 268,051,000 168,164,000 168,568,000 158,745,000 154,435,000  158,377,000 152,079,000 147,285,000 136,697,000  156,342,000 130,071,000  93,097,000 122,851,000 115,614,000 118,920,000  107,467,000 109,985,000 116,748,000 110,903,000  136,528,000 106,411,000 111,398,000 116,499,000 115,670,000 310,642,000 310,642,000 126,078,000 117,137,000 107,268,000 105,992,000  118,293,000 117,210,000 115,476,000 48,865,000 
  marketing and selling56,891,000           -53.00% -53.00%                             22.20% 22.20% 108,128,000 109,036,000 103,007,000 101,890,000  105,925,000 109,645,000 108,649,000 17,939,000 
  general and administrative50,998,000           0.00% 0.00%                             0.00% 0.00% 30,455,000 34,559,000 24,076,000 24,404,000  29,069,000 36,083,000 36,384,000 12,026,000 
  other operating expense14,583,000 -28,281,000 68,905,000 30,363,000 25,173,000  -141,373,000 178,204,000 59,619,000 8,693,000 57,105,000 36.06% 36.06% 11,449,000 3,008,000 57,070,000 15,645,000  7,327,000 6,703,000 9,999,000 8,713,000  4,192,000 16,402,000  3,084,000 10,986,000 6,927,000 31,164,000  66,316,000 21,617,000 6,782,000 9,115,000  -22,081,000 23,641,000 21,193,000 8,276,000 7,644,000 37.59% 37.59% 6,745,000 10,002,000 11,372,000 11,915,000  13,522,000 17,914,000 30,922,000 8,237,000 
  total operating expenses301,716,000 338,342,000 338,391,000 435,631,000 327,698,000  68,859,000 429,447,000 338,262,000 277,206,000 303,696,000   277,365,000 273,391,000 299,742,000 252,083,000  259,193,000 249,081,000 235,407,000 238,549,000  269,906,000 233,077,000  313,797,000 215,042,000 210,815,000 239,063,000  300,493,000 257,206,000 263,037,000 255,948,000  255,182,000 256,607,000 271,458,000 264,206,000 256,052,000   271,406,000 270,734,000 245,723,000 244,201,000  266,809,000 280,852,000 291,431,000 87,067,000 
  operating income30,086,000 28,221,000 53,025,000 9,675,000 4,606,000  121,445,000 -41,569,000 151,428,000 -48,136,000 -188,982,000 149,472,000 149,472,000 261,562,000 101,859,000 270,597,000 296,010,000  362,360,000 297,102,000 293,068,000 299,203,000  221,644,000 92,712,000     55,226,000            111,951,000 111,951,000          
  yoy553.19%  -56.34% -123.27% -96.96%  -164.26% -576.22% 1634.77% -118.40% -285.53% -97.05% -97.05%  -71.89% -8.92% 1.00%   34.04% 216.11%                                
  qoq6.61% -46.78% 448.06% 110.05%   -392.15% -127.45% -414.58% -74.53% -2264.99% -96.66% -96.66% 156.79% -62.36% -8.59%   21.96% 1.38% -2.05%   139.07%                             
  operating margin %3.67% 3.25% 5.79% 0.92% 0.52%  16.39% -3.87% 13.72% -7.39% -29.87% 1.17% 1.17% 22.59% 9.84% 23.20% 26.57%  28.87% 26.76% 27.32% 27.33%  20.90% 11.77%  0% 0% 0% 7.12%  0% 0% 0% 0%  0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%  0% 0% 0% 0% 
  interest expense-18,787,000 -19,985,000 -18,655,000 -22,594,000 -17,094,000  -16,500,000 -17,581,000 -17,121,000 -17,261,000 -17,241,000   -16,904,000 -17,252,000 -17,392,000 -15,328,000  -15,327,000 -15,279,000 -15,410,000 -17,453,000  -23,486,000 -18,849,000  -2,506,000 -16,900,000 -12,693,000 -11,864,000  -25,944,000 -9,562,000 -9,689,000 -14,353,000  -15,492,000 -16,338,000 -14,778,000 -12,271,000 -13,674,000   -15,554,000 -15,187,000 -14,440,000 -7,668,000  -660,000 -548,000 -555,000 -197,000 
  other income20,386,000 6,987,000 14,526,000 15,422,000 11,765,000  -24,362,000 15,359,000 5,211,000 13,716,000 7,210,000   2,214,000 -5,062,000 -5,736,000 2,532,000  4,754,000 16,791,000 12,057,000 -58,701,000  648,000 21,947,000  -134,419,000 44,148,000 -300,000 -1,111,000  84,401,000 -3,520,000 -49,532,000 -31,955,000  -1,204,000 -757,000 -192,000 -934,000 333,000   -311,000 -500,000 2,557,000 -639,000  381,000 4,119,000 -580,000 -195,000 
  income before income taxes31,685,000 15,223,000 48,896,000 2,503,000 -723,000  80,583,000 -43,791,000 139,518,000 -51,681,000 -199,013,000 33,581,000 33,581,000 246,872,000 79,545,000 247,469,000 283,214,000  351,787,000 298,614,000 286,786,000 223,516,000  200,078,000 97,000,000  -238,662,000 183,191,000 102,066,000 45,197,000  -24,451,000 70,889,000 32,836,000 -62,129,000  -33,519,000 65,440,000 35,652,000 -40,268,000 -37,288,000 6,638,000 6,638,000 29,720,000 -9,668,000 -2,721,000 -21,001,000  18,232,000 2,628,000 -103,493,000 103,431,000 
  income tax benefit-6,091,000    1,137,000     8,101,000  259,322,000 259,322,000              87,852,000 -21,835,000 -19,028,000 -5,656,000  7,503,000 -1,372,000 -752,000 32,136,000    267,000 9,644,000 93,196,000 249,261,000 249,261,000  3,993,000 -21,481,000 9,874,000      
  net income25,594,000 31,365,000 41,271,000 -17,435,000 414,000  176,209,000 -126,938,000 97,461,000 -43,580,000 -138,416,000 8,729,000 8,729,000 188,615,000 68,884,000 212,275,000 216,263,000  319,189,000 285,626,000 298,737,000 201,035,000  136,917,000 96,922,000  -150,810,000 161,356,000 83,038,000 39,541,000  -111,896,000 69,517,000 32,084,000 -29,993,000  11,229,000 -33,082,000 35,919,000 -30,624,000 55,908,000   11,847,000 -5,675,000 -24,202,000 -11,127,000  4,448,000 2,036,000 6,482,000 87,863,000 
  yoy6082.13%  -76.58% -86.26% -99.58%  -227.30% 696.80% -711.77% -123.11% -300.94% -107.37% -107.37%  -78.42% -25.68% -27.61%   108.61% 208.22%   -15.15% 16.72%   -244.20% 19.45% 23.24%   519.08% -196.98% -183.50%  -79.92% -57.93% -145.68% -358.50% -1085.16% 606.73% 606.73%  -227.59% -1288.70% -271.66%      
  qoq-18.40% -24.00% -336.71% -4311.35%   -238.82% -230.24% -323.64% -68.52% 768.85% -108.45% -108.45% 173.82% -67.55% -1.84%   11.75% -4.39% 48.60%   41.27%   -193.46% 94.32% 110.00%   -260.96% 116.67% -206.97%   -133.94% -192.10% -217.29% -154.78% -171.10% -763.78% -763.78% -308.76% -76.55% 117.51%   118.47% -68.59% -92.62%  
  net income margin %3.13% 3.61% 4.50% -1.67% 0.05%  23.78% -11.82% 8.83% -6.69% -21.88% -2.14% -2.14% 16.29% 6.65% 18.20% 19.41%  25.43% 25.72% 27.85% 18.36%  12.91% 12.31%  -23.60% 18.57% 10.29% 5.10%  -19.84% 8.35% 3.63% -4.33%  1.55% -3.91% 4.37% -4.78% 8.69% -9.52% -9.52% 1.37% -0.81% -3.98% -1.79%  0.63% 0.30% 1.02% 22.13% 
  net income per share           -96.77% -96.77%                                        
  basic0.28 0.33 0.44 -0.18  1.76 -1.31 -0.44 -1.33 0.00% 0.00% 1.83 0.65 1.98 1.97  2.87 2.55 2.63 1.77  1.2 0.85  -1.35 1.39 0.71 0.33  -0.89 0.56 0.26 -0.24  0.09 -0.26 0.28 -0.24 0.44   0.09 -0.04 -0.17 -0.08  0.03 0.01 -0.46 1.21 
  diluted0.27 0.33 0.43 -0.18  1.75 -1.31 0.99 -0.44 -1.33 1.17% 1.17% 1.82 0.65 1.96 1.95  2.84 2.51 2.58 1.74  1.18 0.83  -1.32 1.36 0.7 0.33  -0.88 0.55 0.25 -0.24  0.09 -0.26 0.27 -0.24 0.44 0% 0% 0.09 -0.04 -0.17 -0.08  0.03 0.01 -0.45 1.18 
  weighted-average shares of common stock outstanding:           -17,066,000 -17,066,000                             -14,464,000 -14,464,000          
  basic92,915 94,586 94,341 94,886 95,467  102,206 97,152 97,945 98,509 102,206 5,562,000 5,562,000 102,927 105,173 110,196 109,687 114,034 111,035 112,026 114,034 113,811 117,007 114,328 114,585  124,534 116,129 117,294 118,756  126,946 124,308 125,643 126,198  127,121 127,034 127,257 126,961 127,121 -2,609,000 -2,609,000 127,546 127,541 141,937 139,343 90,477 146,053 149,322 90,477  
  diluted93,770 95,450 95,031 94,886 96,510  103,019 97,152 98,590 98,509 103,019 -2,775,000 -2,775,000 103,674 106,080 111,546 110,810 116,016 112,411 113,872 116,016 115,690 119,293 116,177 116,751  127,356 118,455 119,429 121,123  126,946 126,842 128,550 126,198  127,121 127,034 130,778 126,961 127,121 44,541,000 44,541,000 132,329 127,541 141,937 139,343 93,211 150,783 154,461 93,211  
  selling, general and administrative 78,260,750 90,360,000 107,760,000 114,923,000  62,757,000 86,914,000 103,696,000 105,423,000 82,954,000   97,752,000 101,815,000 83,927,000 82,003,000  93,489,000 90,299,000 78,123,000 93,139,000  109,372,000 86,604,000  217,616,000 81,205,000 88,274,000 88,979,000  126,710,000 125,604,000 139,507,000 135,930,000  140,735,000 126,555,000 138,867,000 139,431,000 132,738,000 -123,179,000 -123,179,000          
  goodwill impairment 24,114,500  96,458,000        -15,931,000 -15,931,000                             -78,638,000 -78,638,000          
  income tax expense 16,142,000 -7,625,000 -19,938,000   95,626,000 -83,147,000 -42,057,000  60,597,000 -107.50% -107.50% -58,257,000 -10,661,000 -35,194,000 -66,951,000  -32,598,000 -12,988,000 -21,430,000 -22,481,000  -63,161,000 -78,000            -22,152,750 -98,522,000    224.92% 224.92% -17,873,000     -13,784,000 -592,000 -8,728,250 -15,568,000 
  interest income           0.00% 0.00%        732,250 467,000  1,272,000 1,190,000  2,859,000 2,874,000 2,292,000 2,946,000  -771,000 2,814,000 1,580,000 3,394,000  -2,827,000 2,215,000 1,058,000 766,000 509,000 0.00% 0.00% 192,000 278,000 685,000 519,000  472,000 392,000 187,000 188,000 
  income from operations           -2.14% -2.14%              80,265,500 153,069,000 112,767,000   -82,137,000 81,157,000 90,477,000 -19,215,000  -13,996,000 80,320,000 49,564,000 -27,829,000 -24,456,000 -9.52% -9.52% 45,393,000 5,741,000 8,477,000 -13,213,000  18,039,000 -1,335,000 -102,545,000 103,635,000 
  weighted-average shares of common stock outstanding                                                    
  basic92,915 94,586 94,341 94,886 95,467  102,206 97,152 97,945 98,509 102,206 -0.16 -0.16 102,927 105,173 110,196 109,687 114,034 111,035 112,026 114,034 113,811 117,007 114,328 114,585  124,534 116,129 117,294 118,756  126,946 124,308 125,643 126,198  127,121 127,034 127,257 126,961 127,121 -0.62 -0.62 127,546 127,541 141,937 139,343 90,477 146,053 149,322 90,477  
  diluted93,770 95,450 95,031 94,886 96,510  103,019 97,152 98,590 98,509 103,019 -0.16 -0.16 103,674 106,080 111,546 110,810 116,016 112,411 113,872 116,016 115,690 119,293 116,177 116,751  127,356 118,455 119,429 121,123  126,946 126,842 128,550 126,198  127,121 127,034 130,778 126,961 127,121 -0.62 -0.62 132,329 127,541 141,937 139,343 93,211 150,783 154,461 93,211  
  shares used in per share calculation                                                    
  basic           100,943 100,943                             126,852 126,852        18,041.75 72,723 
  diluted           100,943 100,943                             126,852 126,852        18,520.75 74,454 

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