Qorvo, Inc. (QRVO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 808.28M | 992.96M | 1.06B | 818.78M | 869.47M | 916.32M | 1.05B | 886.67M | 940.99M | 1.07B | 1.1B | 651.16M | 632.7M | 743.28M | 1.16B | 1.04B | 1.17B | 1.11B | 1.26B | 1.11B |
| Revenue Growth % | -7.04% | 8.36% | 1.15% | -7.66% | -7.6% | -14.67% | -5.16% | 36.17% | 48.73% | 44.48% | -4.71% | -37.11% | -45.74% | -33.28% | -7.74% | -6.75% | 8.71% | 1.75% | 18.39% | 41.01% |
| Cost of Goods Sold | 413.26M | 528.77M | 561.41M | 486.98M | 502.91M | 524.9M | 601.2M | 554.37M | 559.13M | 685.98M | 613.8M | 422.09M | 517.99M | 475.23M | 619.13M | 660.11M | 595.82M | 565.86M | 633.7M | 564.17M |
| COGS % of Revenue | 51.13% | 53.25% | 53.04% | 59.48% | 57.84% | 57.28% | 57.45% | 62.52% | 59.42% | 63.88% | 55.62% | 64.82% | 81.87% | 63.94% | 53.46% | 63.76% | 51.09% | 50.8% | 50.48% | 50.81% |
| Gross Profit | 395.02M | 464.19M | 497.09M | 331.8M | 366.56M | 391.42M | 445.31M | 332.3M | 381.86M | 387.88M | 489.69M | 229.07M | 114.71M | 268.05M | 538.93M | 375.25M | 570.34M | 548.09M | 621.55M | 546.18M |
| Gross Margin % | 48.87% | 46.75% | 46.96% | 40.52% | 42.16% | 42.72% | 42.55% | 37.48% | 40.58% | 36.12% | 44.38% | 35.18% | 18.13% | 36.06% | 46.54% | 36.24% | 48.91% | 49.2% | 49.52% | 49.19% |
| Gross Profit Growth % | 7.76% | 18.59% | 11.63% | -0.15% | -4.01% | 0.91% | -9.06% | 45.07% | 232.88% | 44.7% | -9.14% | -38.96% | -79.89% | -51.09% | -13.29% | -31.3% | 7.92% | 1.92% | 26.45% | 67.65% |
| Operating Expenses | 363.51M | 272.05M | 339.4M | 301.72M | 338.34M | 338.39M | 435.63M | 327.7M | 351.88M | 429.45M | 338.26M | 277.21M | 303.7M | 259.32M | 277.37M | 273.39M | 299.74M | 252.08M | 259.19M | 249.08M |
| OpEx % of Revenue | 44.97% | 27.4% | 32.06% | 36.85% | 38.91% | 36.93% | 41.63% | 36.96% | 37.39% | 39.99% | 30.65% | 42.57% | 48% | 34.89% | 23.95% | 26.41% | 25.7% | 22.63% | 20.65% | 22.43% |
| Selling, General & Admin | 84.03M | 81.43M | 107.32M | 107.89M | 90.58M | 90.36M | 107.76M | 114.92M | 93.11M | 86.91M | 103.7M | 105.42M | 82.95M | 76.27M | 97.75M | 101.81M | 83.93M | 82M | 93.49M | 90.3M |
| SG&A % of Revenue | 10.4% | 8.2% | 10.14% | 13.18% | 10.42% | 9.86% | 10.3% | 12.96% | 9.89% | 8.09% | 9.4% | 16.19% | 13.11% | 10.26% | 8.44% | 9.83% | 7.2% | 7.36% | 7.45% | 8.13% |
| Research & Development | 170.39M | 178.07M | 198.42M | 179.24M | 179.93M | 179.13M | 201.05M | 187.6M | 179.88M | 164.33M | 174.95M | 163.09M | 163.64M | 149.47M | 168.16M | 168.57M | 158.75M | 154.44M | 158.38M | 152.08M |
| R&D % of Revenue | 21.08% | 17.93% | 18.75% | 21.89% | 20.69% | 19.55% | 19.21% | 21.16% | 19.12% | 15.3% | 15.85% | 25.05% | 25.86% | 20.11% | 14.52% | 16.28% | 13.61% | 13.86% | 12.62% | 13.7% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 31.51M | 192.14M | 157.68M | 30.09M | 28.22M | 53.02M | 9.68M | 4.61M | 29.98M | -41.57M | 151.43M | -48.14M | -188.98M | 8.73M | 261.56M | 101.86M | 270.6M | 296.01M | 362.36M | 297.1M |
| Operating Margin % | 3.9% | 19.35% | 14.9% | 3.67% | 3.25% | 5.79% | 0.92% | 0.52% | 3.19% | -3.87% | 13.72% | -7.39% | -29.87% | 1.17% | 22.59% | 9.84% | 23.2% | 26.57% | 28.87% | 26.76% |
| Operating Income Growth % | 11.67% | 262.36% | 1529.8% | 553.19% | -5.86% | 227.56% | -93.61% | 109.57% | 115.86% | -576.22% | -42.11% | -147.26% | -169.84% | -97.05% | -27.82% | -65.72% | -7.67% | -1.07% | 63.49% | 220.46% |
| EBITDA | 31.51M | 253.92M | 224.39M | 97.55M | 99M | 126.85M | 85.76M | 80.76M | 111.76M | 37.29M | 230.7M | 32.88M | -104.74M | 92.92M | 346.26M | 187.58M | 360.45M | 388.34M | 451.75M | 386.93M |
| EBITDA Margin % | 3.9% | 25.57% | 21.2% | 11.91% | 11.39% | 13.84% | 8.19% | 9.11% | 11.88% | 3.47% | 20.91% | 5.05% | -16.55% | 12.5% | 29.9% | 18.12% | 30.91% | 34.86% | 35.99% | 34.85% |
| EBITDA Growth % | -68.17% | 100.17% | 161.66% | 20.79% | -11.42% | 240.14% | -62.83% | 145.64% | 206.7% | -59.86% | -33.37% | -82.47% | -129.06% | -76.07% | -23.35% | -51.52% | -4.91% | -8.42% | 31.02% | 80.11% |
| D&A (Non-Cash Add-back) | 0 | 61.78M | 66.7M | 67.46M | 70.78M | 73.83M | 76.08M | 76.15M | 81.78M | 78.86M | 79.27M | 81.01M | 84.24M | 84.19M | 84.7M | 85.72M | 89.85M | 92.33M | 89.39M | 89.83M |
| EBIT | 31.51M | 207.83M | 173.58M | 50.47M | 35.21M | 67.55M | 25.1M | 16.37M | 46.8M | -26.21M | 156.64M | -34.42M | -181.77M | 14.29M | 263.78M | 96.8M | 264.86M | 298.54M | 367.11M | 313.89M |
| Net Interest Income | -17.84M | -18.02M | -18.48M | -18.79M | -19.98M | -18.66M | -22.59M | -17.09M | -17.28M | -17.58M | -17.12M | -17.26M | -17.24M | -17.07M | -16.9M | -17.25M | -17.39M | -15.33M | -15.33M | -15.28M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 17.84M | 18.02M | 18.48M | 18.79M | 19.98M | 18.66M | 22.59M | 17.09M | 17.28M | 17.58M | 17.12M | 17.26M | 17.24M | 17.07M | 16.9M | 17.25M | 17.39M | 15.33M | 15.33M | 15.28M |
| Other Income/Expense | -9.82M | -2.34M | -2.59M | 1.6M | -13M | -4.13M | -7.17M | -5.33M | -464K | -2.22M | -11.91M | -3.54M | -10.03M | -11.5M | -14.69M | -22.31M | -23.13M | -12.8M | -10.57M | 1.51M |
| Pretax Income | 21.69M | 189.8M | 155.09M | 31.68M | 15.22M | 48.9M | 2.5M | -723K | 29.51M | -43.79M | 139.52M | -51.68M | -199.01M | -2.77M | 246.87M | 79.55M | 247.47M | 283.21M | 351.79M | 298.61M |
| Pretax Margin % | 2.68% | 19.11% | 14.65% | 3.87% | 1.75% | 5.34% | 0.24% | -0.08% | 3.14% | -4.08% | 12.64% | -7.94% | -31.45% | -0.37% | 21.32% | 7.68% | 21.22% | 25.42% | 28.03% | 26.89% |
| Income Tax | -8.04M | 25.74M | 35.49M | 6.09M | -16.14M | 7.63M | 19.94M | -1.14M | 26.78M | 83.15M | 42.06M | -8.1M | -60.6M | 13.16M | 58.26M | 10.66M | 35.19M | 66.95M | 32.6M | 12.99M |
| Effective Tax Rate % | -37.07% | 13.56% | 22.88% | 19.22% | -106.04% | 15.59% | 796.56% | 157.26% | 90.73% | -189.87% | 30.14% | 15.68% | 30.45% | -474.09% | 23.6% | 13.4% | 14.22% | 23.64% | 9.27% | 4.35% |
| Net Income | 29.73M | 164.06M | 119.6M | 25.59M | 31.36M | 41.27M | -17.43M | 414K | 2.73M | -126.94M | 97.46M | -43.58M | -138.42M | -15.93M | 188.62M | 68.88M | 212.28M | 216.26M | 319.19M | 285.63M |
| Net Margin % | 3.68% | 16.52% | 11.3% | 3.13% | 3.61% | 4.5% | -1.67% | 0.05% | 0.29% | -11.82% | 8.83% | -6.69% | -21.88% | -2.14% | 16.29% | 6.65% | 18.2% | 19.41% | 25.43% | 25.72% |
| Net Income Growth % | -5.21% | 297.52% | 785.99% | 6082.13% | 1046.8% | 132.51% | -117.89% | 100.95% | 101.98% | -696.8% | -48.33% | -163.27% | -165.21% | -107.37% | -40.91% | -75.88% | -28.94% | 7.57% | 133.13% | 194.7% |
| Net Income (Continuing) | 29.73M | 164.06M | 119.6M | 25.59M | 31.36M | 41.27M | -17.43M | 414K | 2.73M | -126.94M | 97.46M | -43.58M | -138.42M | -15.93M | 188.62M | 68.88M | 212.28M | 216.26M | 319.19M | 285.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.32 | 1.75 | 1.28 | 0.27 | 0.33 | 0.43 | -0.18 | 0.00 | 0.03 | -1.31 | 0.99 | -0.44 | -1.39 | -0.16 | 1.82 | 0.65 | 1.95 | 1.95 | 2.84 | 2.51 |
| EPS Growth % | -3.03% | 306.98% | 811.11% | - | 1074.38% | 132.82% | -118.18% | 100.98% | 102.02% | -718.75% | -45.6% | -167.69% | -171.28% | -108.21% | -35.92% | -74.1% | -25% | 12.07% | 140.68% | 202.41% |
| EPS (Basic) | 0.32 | 1.77 | 1.29 | 0.28 | 0.34 | 0.44 | -0.18 | 0.00 | 0.03 | -1.31 | 1.00 | -0.44 | -1.40 | -0.16 | 1.85 | 0.67 | 2.00 | 1.97 | 2.87 | 2.55 |
| Diluted Shares Outstanding | 92.63M | 93.77M | 93.79M | 93.77M | 95.45M | 95.03M | 94.89M | 96.51M | 97.33M | 97.15M | 98.59M | 98.51M | 99.51M | 100.94M | 103.67M | 106.08M | 108.69M | 110.81M | 112.41M | 113.87M |
| Basic Shares Outstanding | 91.64M | 92.83M | 92.8M | 92.92M | 94.59M | 94.34M | 94.89M | 95.47M | 96.55M | 96.9M | 97.51M | 98.51M | 99.19M | 100.94M | 102.06M | 103.34M | 106.3M | 109.69M | 111.03M | 112.03M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |