Qorvo (QRVO)
Builds RF, connectivity and power semiconductors for mobile, infrastructure and defense markets.
$117.99
After hours−0.48 (−0.41%)
At close$118.47(+1.07%)
In millions of USD, except per-share figures
| In millions | Q2 FY24Sep 2023 | Q3 FY24Dec 2023 | Q4 FY24Mar 2024 | Q1 FY25Jun 2024 | Q2 FY25Sep 2024 | Q3 FY25Dec 2024 | Q4 FY25Mar 2025 | Q1 FY26Jun 2025 | Q2 FY26Sep 2025 | Q3 FY26Dec 2025 | Q4 FY26Mar 2026 | Q1 FY27Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,103 | 1,074 | 941 | 887 | 1,047 | 916 | 869 | 819 | 1,059 | 993 | 808 | 785 |
| Cost of revenue | 614 | 686 | 559 | 554 | 601 | 525 | 503 | 487 | 561 | 529 | 413 | 384 |
| Gross profit | 490 | 388 | 382 | 332 | 445 | 391 | 367 | 332 | 497 | 464 | 395 | 401 |
| 338 | 429 | 352 | 328 | 436 | 338 | 338 | 302 | 339 | 272 | 364 | 304 | |
| Research & development | 175 | 164 | 180 | 188 | 201 | 179 | 180 | 179 | 198 | 178 | 170 | 172 |
| 104 | 87 | 93 | 115 | 108 | 90 | 91 | 108 | 107 | 81 | 84 | 90 | |
| Selling & marketing | 0 | 0 | 0 | 60 | 0 | 0 | 0 | 57 | 60 | 49 | 50 | 49 |
| General & administrative | 0 | 0 | 0 | 55 | 0 | 0 | 0 | 51 | 48 | 32 | 35 | 41 |
| Other expenses | 60 | 178 | 79 | 25 | 127 | 69 | 68 | 15 | 34 | 13 | 109 | 42 |
| Operating income | 151 | −42 | 30 | 5 | 10 | 53 | 28 | 30 | 158 | 192 | 32 | 97 |
| −12 | −2 | 0 | −5 | −7 | −4 | −13 | 2 | −3 | −2 | −10 | 4 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| Interest expense | 17 | 18 | 17 | 17 | 23 | 19 | 20 | 19 | 18 | 18 | 18 | 16 |
| Other non-operating income | −5 | −15 | −17 | −12 | −15 | −15 | −7 | −20 | −16 | −16 | −8 | −20 |
| Income before tax | 140 | −44 | 30 | −1 | 3 | 49 | 15 | 32 | 155 | 190 | 22 | 101 |
| Income tax expense | 42 | 83 | 27 | −1 | 20 | 8 | −16 | 6 | 35 | 26 | −8 | 15 |
| Net income from continuing operations | 97 | −127 | 3 | 0 | −17 | 41 | 31 | 26 | 120 | 164 | 30 | 86 |
| Net income | 97 | −127 | 3 | 0 | −17 | 41 | 31 | 26 | 120 | 164 | 30 | 86 |
| 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 |
| Weighted average shares, basic | 98 | 97 | 97 | 95 | 95 | 94 | 95 | 93 | 93 | 93 | 92 | 88 |
| Weighted average shares, diluted | 99 | 97 | 97 | 97 | 95 | 95 | 95 | 94 | 94 | 94 | 93 | 89 |
| EBITDA | 236 | 53 | 129 | 93 | 101 | 141 | 106 | 118 | 240 | 270 | 102 | 167 |
| Depreciation & amortization | 79 | 79 | 82 | 76 | 76 | 74 | 71 | 67 | 67 | 62 | 63 | 50 |
| EBIT | 157 | −26 | 47 | 16 | 25 | 68 | 35 | 50 | 174 | 208 | 40 | 116 |
