Qorvo, Inc. (QRVO) income statement
NASDAQ · Technology · Semiconductors · 5,200 employees · CEO Robert A. Bruggeworth
- Price
- $114.17 0.00%
- Market cap
- $10.1B
- Enterprise value
- $10.3B
- Last report
- Q1 '27 filed 2026-07-28
Qorvo, Inc. (QRVO) reported revenue of $785M for Q1 '27 (-4.2% year on year), operating income of $96.8M (12.3% of revenue) and net income of $85.8M. Over the last four quarters revenue was $3.64B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.07B | $941M | $887M | $1.05B | $916M | $869M | $819M | $1.06B | $993M | $808M | $785M | |
| Cost of revenue | $614M | $686M | $559M | $554M | $601M | $525M | $503M | $487M | $561M | $529M | $413M | $384M | |
| Gross profit | $490M | $388M | $382M | $332M | $445M | $391M | $367M | $332M | $497M | $464M | $395M | $401M | |
| Research & development | $175M | $164M | $180M | $188M | $201M | $179M | $180M | $179M | $198M | $178M | $170M | $172M | |
| Sales & marketing | $0 | $0 | $0 | $59.8M | $0 | $0 | $0 | $56.9M | $59.6M | $49.4M | $49.5M | $48.8M | |
| General & administrative | $0 | $0 | $0 | $55.1M | $0 | $0 | $0 | $51M | $47.7M | $32M | $34.5M | $41.3M | |
| Other operating expenses | $59.6M | $178M | $78.9M | $25.2M | $127M | $68.9M | $67.8M | $14.6M | $33.7M | $12.6M | $109M | $41.6M | |
| Operating expenses | $338M | $429M | $352M | $328M | $436M | $338M | $338M | $302M | $339M | $272M | $364M | $304M | |
| Operating income | $151M | -$41.6M | $30M | $4.61M | $9.68M | $53M | $28.2M | $30.1M | $158M | $192M | $31.5M | $96.8M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.4M | |
| Interest expense | $17.1M | $17.6M | $17.3M | $17.1M | $22.6M | $18.7M | $20M | $18.8M | $18.5M | $18M | $17.8M | $15.9M | |
| Other non-operating income (gains on investments, FX ...) | -$5.21M | -$15.4M | -$16.8M | -$11.8M | -$15.4M | -$14.5M | -$6.99M | -$20.4M | -$15.9M | -$15.7M | -$8.02M | -$19.6M | |
| Total non-operating income | -$11.9M | -$2.22M | -$464K | -$5.33M | -$7.17M | -$4.13M | -$13M | $1.6M | -$2.59M | -$2.34M | -$9.82M | $3.76M | |
| Income before tax | $140M | -$43.8M | $29.5M | -$723K | $2.5M | $48.9M | $15.2M | $31.7M | $155M | $190M | $21.7M | $101M | |
| Income tax | $42.1M | $83.1M | $26.8M | -$1.14M | $19.9M | $7.63M | -$16.1M | $6.09M | $35.5M | $25.7M | -$8.04M | $14.7M | |
| Net income | $97.5M | -$127M | $2.74M | $414K | -$17.4M | $41.3M | $31.4M | $25.6M | $120M | $164M | $29.7M | $85.8M | |
| EPS (basic) | $1.00 | -$1.31 | $0.03 | $0.00 | -$0.18 | $0.44 | $0.34 | $0.28 | $1.29 | $1.77 | $0.32 | $0.97 | |
| EPS (diluted) | $0.99 | -$1.31 | $0.03 | $0.00 | -$0.18 | $0.43 | $0.33 | $0.27 | $1.28 | $1.75 | $0.32 | $0.96 | |
| Shares (basic, weighted) | 97.5M | 96.9M | 96.5M | 95.5M | 94.9M | 94.3M | 94.6M | 92.9M | 92.8M | 92.8M | 91.6M | 88M | |
| Shares (diluted, weighted) | 98.6M | 97.2M | 97.3M | 96.5M | 94.9M | 95M | 95.5M | 93.8M | 93.8M | 93.8M | 92.6M | 89.4M | |
| Depreciation & amortization | $79.3M | $78.9M | $81.8M | $76.2M | $76.1M | $73.8M | $70.8M | $67.5M | $66.7M | $61.8M | $62.7M | $50.1M | |
| EBITDA | $236M | $52.7M | $129M | $92.5M | $101M | $141M | $106M | $118M | $240M | $270M | $102M | $167M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $2.97B | $3.09B | $3.24B | $4.02B | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B | |
| Cost of revenue | $1.9B | $1.83B | $1.9B | $1.92B | $2.13B | $2.36B | $2.27B | $2.28B | $2.18B | $1.99B | |
| Gross profit | $1.14B | $1.15B | $1.2B | $1.32B | $1.88B | $2.29B | $1.3B | $1.49B | $1.54B | $1.69B | |
| Research & development | $471M | $445M | $450M | $484M | $570M | $624M | $650M | $682M | $748M | $726M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $211M | $217M | $232M | $215M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $148M | $172M | $172M | $165M | |
| Other operating expenses | -$1.88M | $104M | $52.2M | $70.6M | $39.3M | $86.7M | $105M | $325M | $289M | $170M | |
| Operating expenses | $1.05B | $1.08B | $979M | $899M | $977M | $1.06B | $1.11B | $1.4B | $1.44B | $1.28B | |
| Operating income | $88.1M | -$638M | $216M | $423M | $907M | $1.23B | $183M | $91.7M | $95.5M | $411M | |
| Interest income | $1.21M | $7.02M | $11M | $12.1M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $58.9M | $59.5M | $44M | $60.4M | $75.2M | $63.3M | $68.5M | $69.2M | $78.3M | $73.1M | |
| Other non-operating income (gains on investments, FX ...) | $1.88M | -$6.41M | $80.7M | -$32.3M | $24M | -$18.3M | -$9.92M | -$51.1M | -$48.7M | -$60M | |
| Total non-operating income | -$60.8M | -$53.1M | -$125M | -$28.1M | -$99.2M | -$45M | -$58.5M | -$18.1M | -$29.6M | -$13.2M | |
| Income before tax | $27.3M | $17.1M | $91.8M | $395M | $807M | $1.18B | $125M | $73.6M | $65.9M | $398M | |
| Income tax | $43.9M | $57.4M | -$41.3M | $60.8M | $73.8M | $148M | $21.5M | $144M | $10.3M | $59.3M | |
| Net income | -$16.6M | -$40.3M | $133M | $334M | $734M | $1.03B | $103M | -$70.3M | $55.6M | $339M | |
| EPS (basic) | -$0.13 | -$0.32 | $1.07 | $2.86 | $6.43 | $9.38 | $1.01 | -$0.72 | $0.59 | $3.66 | |
| EPS (diluted) | -$0.13 | -$0.32 | $1.05 | $2.80 | $6.32 | $9.26 | $1.00 | -$0.72 | $0.58 | $3.62 | |
| Shares (basic, weighted) | 126M | 126M | 125M | 117M | 114M | 112M | 102M | 97.6M | 94.6M | 92.6M | |
| Shares (diluted, weighted) | 127M | 127M | 127M | 119M | 116M | 112M | 103M | 97.6M | 95.5M | 93.5M | |
| Depreciation & amortization | $705M | $714M | $663M | $469M | $456M | $361M | $339M | $321M | $297M | $259M | |
| EBITDA | $791M | $791M | $799M | $924M | $1.34B | $1.61B | $532M | $464M | $441M | $730M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-27, 10-K 2026-03-28, 10-Q 2025-12-27, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-K 2025-03-29, 10-Q 2024-12-28, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-02