Name: QRVO Income Statement - Qorvo Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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QRVO - Qorvo, Inc.

USD | NASDAQ | Technology

QRVO Income Statement - Qorvo Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q4 FY 26	Q3 FY 26	Q2 FY 26	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q3 FY 24	Q2 FY 24	Q3 FY 23	Q2 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q4 FY 21	Q3 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q3 FY 18	Q2 FY 18	Q3 FY 17	Q2 FY 17	Q4 FY 16	Q3 FY 16	Q1 FY 16	Q4 FY 15	Q3 FY 15	Q2 FY 15	Q1 FY 15	Q3 FY 14
Revenues
Revenues	808.3	993.0	1,058.5	818.8	869.5	916.3	1,046.5	886.7	1,073.9	1,103.5	743.3	1,035.4	1,114.0	1,255.2	1,110.4	1,094.8

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	FY2026	FY2025	FY2024	FY2023	FY2022	FY2020	FY2019	FY2018	FY2017	FY2015	FY2014	FY2013
Revenues
Revenues	3,678.5	3,719.0	3,769.5	4,645.7	4,015.3	3,239.1	3,090.3	2,973.5	2,610.7	1,711.0	1,148.2	964.1
Cost of Revenue	1,990.4	2,183.4	2,281.0	2,359.5	2,131.7	1,917.4	1,895.1	1,826.6	1,561.2	1,021.7	743.3	658.3
Gross Profit	1,688.1	1,535.6	1,488.5	2,286.2	1,883.6	1,321.8	1,195.2	1,147.0	1,049.6	689.3	404.9	305.8
Operating Expenses
Research & Development	726.1	747.7	682.2	623.6	570.4	484.4	450.5	445.1	448.8	257.5	197.3	178.8
Selling General & Administrative	-
Operating Income
Operating Income	411.4	95.5	91.7	1,226.1	906.6	423.2	216.5	70.3	12.0	122.5	27.3	(15.7)
Non-Operating
Interest Income	-	-	-	-	-	12.1	11.0	7.0	-	-	-	-
Interest Expense	73.1	78.3
Tax & Net
Income Tax Expense	59.3	10.3	143.9	147.7	73.8	60.8	(41.3)	57.4	26.0	(75.1)	11.2	27.1
Net Income From Continuing Ops	339.0
Per Share
EPS Basic	3.66	0.59	(0.72)	9.38	6.43	2.86	1.07	(0.32)	(0.20)	2.17	0.18	(0.76)
EPS Diluted	3.62	0.58
Supplementary Data
EBITDA	562.8	258.7	284.7	1,437.0	1,109.8	644.8	425.1	244.7	192.3	196.7	73.0	33.7
EBIT	411.4	95.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	170.4	178.1	198.4	179.2	179.9	179.1	201.1	187.6	164.3	174.9	149.5	168.6	154.4	158.4	152.1	136.7	156.3	130.1	127.0	122.9	115.6	118.9	112.8	110.0	116.7	110.9	106.4	111.4	112.0	117.1	106.0	118.3	117.2	115.5	48.9	48.6	44.6	50.4
Selling General & Administrative	-	-	-	-	-	90.4	107.8	114.9	86.9	103.7	76.3	101.8	82.0	93.5	90.3	93.1
Selling & Marketing	49.5	49.4	59.6	56.9	55.5	56.5	60.1	59.8	-	-	-	-	-	-	-	-	-
General & Administrative	34.5	32.0	47.7	51.0	35.1	33.8	47.7	55.1	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	-	-	-	39.5	-	-	-	41.3	-	-	-	52.0	-	-	52.4	-
Amortization of Intangibles	-	-	-	28.0	-	-	-	34.9	-	-	-	33.7	38.5	36.6	37.4	73.3	72.4
Other Operating Expenses	26.7	12.6	33.7	14.6	(11.7)	68.9	13.8	25.2	4.8	11.6	33.6	3.0	15.6	7.3	6.7	8.7	4.2
Total Operating Expenses	363.5	272.1	339.4	301.7	338.3	338.4	435.6	327.7	429.4	338.3	259.3	273.4	252.1	259.2	249.1	238.5

Operating Income
Operating Income	31.5	192.1	157.7	30.1	28.2	53.0	9.7	4.6	(41.6)	151.4	8.7	101.9	296.0	362.4	297.1	299.2	221.6	92.7	102.2	153.1	112.8	55.2	64.0	81.2	90.5	(19.2)	80.3	49.6	61.4	5.7	(13.2)	18.0	(1.3)	(102.5)	103.6	75.3	46.1	15.4

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.5	1.3	1.2	4.0	2.9	2.3	2.9	3.2	2.8	1.6	3.4	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	17.8	18.0	18.5	18.8	20.0	18.7	22.6	17.1	17.6	17.1	17.1	17.3	15.3	15.3	15.3	17.5	23.5	18.8
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	8.0	15.7	15.9	20.4	7.0	14.5	15.4	11.8	15.4	5.2	5.6	(5.1)	2.5	4.8	16.8	(58.2)	1.9
Pre-Tax Income	21.7	189.8	155.1	31.7	15.2	48.9	2.5	(0.7)	-	-	-	-	-	-	-	-	-

Tax & Net
Income Tax Expense	(8.0)	25.7	35.5	6.1	(16.1)	7.6	19.9	(1.1)	83.1	42.1	13.2	10.7	67.0	32.6	13.0	22.5	63.2	0.1	14.2	21.8	19.0	5.7	(11.3)	1.4	0.8	(32.1)	98.5	(0.3)	123.2	(4.0)	(9.9)	13.8	0.6	(110.0)	15.6	11.9	7.4	8.2
Net Income From Continuing Ops	29.7	164.1	119.6	25.6	31.4	41.3	(17.4)	0.4	(126.9)	97.5	(15.9)	68.9	216.3	319.2	285.6	201.0	136.9
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	29.7	164.1	119.6	25.6	31.4	41.3	(17.4)	0.4	(126.9)	97.5	(15.9)	68.9	216.3	319.2	285.6	201.0	136.9
Net Income Attributable To Parent	29.7	164.1	119.6	25.6	31.4	41.3	(17.4)	0.4	(126.9)	97.5	(15.9)	68.9	216.3	319.2	285.6	201.0
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	29.7	164.1	119.6	25.6	31.4	41.3	(17.4)	0.4	(126.9)	97.5	(15.9)	68.9	216.3	319.2	285.6

Per Share
EPS Basic	-	1.77	1.29	0.28	-	0.44	(0.18)	0.00	(1.31)	1.00	(0.16)	0.65	1.97	2.87	2.55	1.77	1.20	0.85	-	1.39	0.71	0.33	-	0.56	0.26	(0.24)	(0.26)	0.28	(0.62)	(0.04)	(0.08)	0.03	0.01	-	1.21	0.88	0.54	0.09
EPS Diluted	-	1.75	1.28	0.27	-	0.43	(0.18)	0.00	(1.31)	0.99	(0.16)	0.65	1.95	2.84	2.51	1.74	1.18	0.83
Shares Basic	-	92.6	92.8	92.9	-	94.3	94.9	95.5	97.2	97.9	100.9	105.2	109.7	111.0	112.0	113.8	114.3	114.6
Shares Diluted	-	93.6	93.8	93.8	-	95.0	94.9	96.5	97.2	98.6	100.9	106.1	110.8	112.4	113.9	115.7	116.2	116.8

Supplementary Data
EBITDA	-	-	-	69.6	-	-	-	45.9	-	-	-	153.9	-	-	349.5	-	-	142.7	-	-	-	119.1	-	-	-	24.2	-	-	-	52.1	-	-	41.4	-	-	-	58.0	-
EBIT	31.5	192.1	157.7	30.1	28.2	53.0	9.7	4.6	(41.6)	151.4	8.7	101.9	296.0	362.4	297.1	299.2	221.6	92.7	102.2