Qorvo, Inc. (QRVO)

QRVO · Semiconductors & Related Devices · Greensboro, NC · filing with the SEC since 2014

Grade5.4

◀ Past 4.5● Present 6.4▶ Future 5.1

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in April.

The Form 10-Q filed Jul 28, 2026 for the period ended Jun 27, 2026 is not in EDGAR's company facts yet; its figures here are that filing's own, read from the SEC's financial statement data sets.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 28, 2026	Mar 29, 2025	Mar 30, 2024	Apr 1, 2023	Apr 2, 2022	Apr 3, 2021	Mar 28, 2020	Mar 30, 2019	Mar 31, 2018	Apr 1, 2017
Report filed	May 8, 2026	May 19, 2025	May 20, 2024	May 19, 2023	May 20, 2022	May 24, 2021	May 20, 2020	May 17, 2019	May 21, 2018	May 23, 2017
Revenue	3,678,517	3,718,971	3,769,506	3,569,399	4,645,714	4,015,307	3,239,141	3,090,325	2,973,536	3,032,574
Cost of revenue	1,990,415	2,183,382	2,281,011	2,272,457	2,359,546	2,131,741	1,917,378	1,895,142	1,826,570	1,897,062
Gross profit	1,688,102	1,535,589	1,488,495	1,296,942	2,286,168	1,883,566	1,321,763	1,195,183	1,146,966	1,135,512
Research and development	726,122	747,709	682,249	649,841	623,636	570,395	484,414	450,482	445,103	470,836
Selling, general and administrative	·	·	389,140	358,790	349,718	367,238	343,569	476,074	527,751	545,588
Sales and marketing	215,485	231,912	217,273	210,690	·	·	·	·	·	·
General and administrative	165,189	171,712	171,867	148,100	·	·	·	·	·	·
Total operating expenses	1,276,678	1,440,062	1,396,794	1,113,774	1,060,099	976,939	898,547	978,717	1,076,684	1,047,453
Operating income	411,424	95,527	91,701	183,168	1,226,069	906,627	423,216	216,466	70,282	88,059
Interest expense	73,134	78,328	69,245	68,463	63,326	75,198	60,392	43,963	59,548	58,879
Interest and investment income	·	·	·	·	·	·	12,066	10,971	7,017	1,212
Other income (expense), net	59,983	48,700	51,104	9,924	18,341	-24,049	32,265^r	-80,711^r	-606	-3,087
Income before income taxes	398,273	65,899	73,560	124,629	1,181,084	807,380	395,089	91,792	17,145	27,305
Income tax expense	59,284	10,284	143,882	21,477	147,731	73,769	60,764	-41,333	57,433	43,863
Net income	338,989	55,615	-70,322	103,152	1,033,353	733,611	334,325	133,125	-40,288	-16,558
Earnings per share, basic	3.66	0.59	-0.72	1.01	9.38	6.43	2.86	1.07	-0.32	-0.13
Earnings per share, diluted	3.62	0.58	-0.72	1.00	9.26	6.32	2.80	1.05	-0.32	-0.13
Weighted average shares, basic	92,592	94,586	97,557	102,206	110,196	114,034	117,007	124,534	126,946	127,121
Weighted average shares, diluted	93,547	95,450	97,557	103,019	111,546	116,016	119,293	127,356	126,946	127,121

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton QRVO · research, not advice