Qorvo, Inc. (QRVO) Financial Statements

Financials
SegmentsShareholders

Qorvo financial statements at a glance

Qorvo reported revenue of $3.68 billion for fiscal year 2026 (ended March 31, 2026), down 1.1% from fiscal year 2025. Net income was $338.99 million, a net margin of 9.2%, and diluted earnings per share were $3.62.

At the end of fiscal year 2026 it had total assets of $5.83 billion, total liabilities of $2.48 billion and shareholders' equity of $3.34 billion, with cash and short-term investments of $1.22 billion and total debt of $1.55 billion.

Its operations brought in $808.63 million of cash; capital spending was $129.07 million, leaving free cash flow of $679.56 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended March 31, 2026.

QRVO logo

Qorvo, Inc.

QRVOUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.68B
Prev Year: 3.72B
YoY: -1.1%
Operating Revenue
3.68B
Prev Year: 3.72B
YoY: -1.1%
Total Unusual Items Excluding Goodwill
-82.37M
Prev Year: -192.57M
YoY: +57.2%
Total Unusual Items
-82.37M
Prev Year: -192.57M
YoY: +57.2%
Normalized EBITDA
816.16M
Prev Year: 633.63M
YoY: +28.8%
Tax Rate for Calcs
0.149
Prev Year: 0.156
YoY: -4.6%
Tax Effect of Unusual Items
-12.26M
Prev Year: -30.04M
YoY: +59.2%
Impairment of Capital Assets
82.37M
Prev Year: 192.57M
YoY: -57.2%
Other Operating Expenses
87.51M
Prev Year: 96.16M
YoY: -9.0%
Selling and Marketing Expense
215.49M
Prev Year: 231.91M
YoY: -7.1%
General and Administrative Expense
165.19M
Prev Year: 171.71M
YoY: -3.8%
Other General and Administrative
165.19M
Prev Year: 171.71M
YoY: -3.8%
Cost of Revenue
1.99B
Prev Year: 2.18B
YoY: -8.8%
Gross Profit
1.69B
Prev Year: 1.54B
YoY: +9.9%
Operating Expense
1.19B
Prev Year: 1.25B
YoY: -4.3%
Selling General and Administrative
380.67M
Prev Year: 403.62M
YoY: -5.7%
Research and Development
726.12M
Prev Year: 747.71M
YoY: -2.9%
Operating Income
493.79M
Prev Year: 288.10M
YoY: +71.4%
Net Non Operating Interest Income Expense
-73.13M
Prev Year: -78.33M
YoY: +6.6%
Non-operating Interest Expense
73.13M
Prev Year: 78.33M
YoY: -6.6%
Non-operating Interest Income
-
Other Income Expense
-22.39M
Prev Year: -143.87M
YoY: +84.4%
Special Income Charges
-82.37M
Prev Year: -192.57M
YoY: +57.2%
Other Non-operating Income (expense)
59.98M
Prev Year: 48.70M
YoY: +23.2%
Pre-tax Income
398.27M
Prev Year: 65.90M
YoY: +504.4%
Provision for Income Taxes
59.28M
Prev Year: 10.28M
YoY: +476.5%
Net Income Common Stockholders
338.99M
Prev Year: 55.62M
YoY: +509.5%
Net Income
338.99M
Prev Year: 55.62M
YoY: +509.5%
Net Income Including Non-Controlling Interests
338.99M
Prev Year: 55.62M
YoY: +509.5%
Net Income from Continuing Operations
338.99M
Prev Year: 55.62M
YoY: +509.5%
Diluted NI Available to Com Stockholders
338.99M
Prev Year: 55.62M
YoY: +509.5%
Basic EPS
3.66
Prev Year: 0.59
YoY: +520.3%
Diluted EPS
3.62
Prev Year: 0.58
YoY: +524.1%
Weighted Average Shares (basic)
92.59M
Prev Year: 94.59M
YoY: -2.1%
Weighted Average Shares (diluted)
93.55M
Prev Year: 95.45M
YoY: -2.0%
Total Operating Income as Reported
411.42M
Prev Year: 95.53M
YoY: +330.7%
Total Expenses
3.18B
Prev Year: 3.43B
YoY: -7.2%
Net Income from Continuing and Discontinued Operation
338.99M
Prev Year: 55.62M
YoY: +509.5%
Normalized Income
409.10M
Prev Year: 218.14M
YoY: +87.5%
Interest Expense
73.13M
Prev Year: 78.33M
YoY: -6.6%
Interest Income
-
Net Interest Income
-73.13M
Prev Year: -78.33M
YoY: +6.6%
EBIT
471.41M
Prev Year: 144.23M
YoY: +226.9%
EBITDA
733.80M
Prev Year: 441.06M
YoY: +66.4%
Reconciled Cost of Revenue
1.99B
Prev Year: 2.18B
YoY: -8.8%
Reconciled Depreciation
262.39M
Prev Year: 296.84M
YoY: -11.6%
Net Income from Continuing Operation Net Minority Interest
338.99M
Prev Year: 55.62M
YoY: +509.5%
Values in USD

Qorvo key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$3.7B$3.7B$3.8B$3.6B$4.6B
Gross profit$1.7B$1.5B$1.5B$1.3B$2.3B
Operating income$493.8M$288.1M$313.1M$195.6M$1.3B
Net income$339.0M$55.6M-$70.3M$103.2M$1.0B
Diluted EPS$3.62$0.58-$0.73$1.00$9.26
Total assets$5.8B$5.9B$6.6B$6.7B$7.5B
Total liabilities$2.5B$2.5B$3.0B$2.8B$3.0B
Shareholders' equity$3.3B$3.4B$3.6B$3.9B$4.6B
Cash and short-term investments$1.2B$1.0B$1.0B$808.8M$972.6M
Total debt$1.5B$1.5B$2.0B$2.0B$2.0B
Operating cash flow$808.6M$622.2M$833.2M$843.2M$1.0B
Capital spending$129.1M$137.6M$127.2M$159.0M$213.5M
Free cash flow$679.6M$484.6M$706.0M$684.3M$835.8M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Qorvo's revenue in fiscal year 2026?

$3.68 billion, down 1.1% from $3.72 billion in fiscal year 2025.

How much profit does Qorvo make?

Qorvo reported net income of $338.99 million for fiscal year 2026 (9.2% of revenue); operating income was $493.79 million.

How much cash and debt does Qorvo have?

At the end of fiscal year 2026: cash and short-term investments of $1.22 billion and total debt of $1.55 billion.

What is Qorvo's free cash flow?

$679.56 million in fiscal year 2026 (operating cash flow of $808.63 million minus capital spending of $129.07 million).

MoreQorvo stock overviewQorvo shareholdersQorvo revenue by segment
RelatedSemiconductor and Related Device Manufacturing industryManufacturing sectorSynaptics (SYNA)Penguin Solutions (PENG)Corsair Gaming (CRSR)Kopin (KOPN)Datavault AI (DVLT)Odysight.ai (ODYS)
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
© 2026 DataPorium. All rights reserved.|About & MethodologyPrivacy PolicyTerms of Use
LinkedInLinkedInXXYouTubeYouTube