YOLFTbeta
Qorvo Inc

Qorvo Inc

QRVO · NASDAQ · Technology / Semiconductors

114.17USD+1.96 (+1.75%)

Price History

Full chart

Market Stats

Previous Close112.21
Open112.38
Day Range111.22 – 115.62
52-Week Range74.92 – 121.09
Volume8.34M
Market Cap10.41B
P/E (TTM)27.37
Forward P/E15.41
EPS4.31
Dividend Yield0.00%
Beta1.46
50-Day Avg99.21
200-Day Avg89.74

About

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency, analog mixed signal, and power management solutions for defense and aerospace markets, as well as offers compound semiconductor foundry services, wafer processing, advanced packaging and heterogeneous integration solutions. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, and cellular solutions. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

Company Details

  • SectorTechnology
  • IndustrySemiconductors
  • CEOMr. Robert A. Bruggeworth
  • Employees5.20K
  • Headquarters7628 Thorndike Road, Greensboro, NC, United States, 27409-9421, USA
  • Websitehttps://www.qorvo.com

Leadership

  • Mr. Robert A. BruggeworthPresident, CEO & Director · b. 1961
  • Mr. Grant A. BrownSenior VP & CFO · b. 1977
  • Mr. Paul J. FegoSenior Vice President of Global Operations · b. 1958
  • Mr. Steven E. CrevistonSenior VP and President of Connectivity & Sensors · b. 1964
  • Mr. Philip J. ChesleySenior VP & President of High Performance Analog · b. 1971
  • Ms. Gina B. Harrison CPAVP, Corporate Controller & Principal Accounting Officer · b. 1968
  • Mr. Douglas DeLietoVice President of Investor Relations
  • Mr. Jason K. GivensSenior VP, General Counsel & Secretary
  • Mr. Brent DietzDirector of Corporate Communications
  • Mr. David FullwoodSenior Vice President of Sales & Marketing

Financials

Income Statement

Currency: USD2000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue288.96M335.36M369.31M507.82M651.38M634.20M775.25M1.02B956.27M886.51M978.39M1.05B871.35M964.15M1.15B1.71B2.61B3.03B2.97B3.09B3.24B4.02B4.65B3.57B3.77B3.72B3.68B
Growth (%)-+16.06%+10.12%+37.51%+28.27%-2.64%+22.24%+32.04%-6.58%-7.30%+10.37%+7.50%-17.15%+10.65%+19.09%+49.01%+52.59%+16.16%-1.95%+3.93%+4.82%+23.96%+15.70%-23.17%+5.61%-1.34%-1.09%
Cost of Revenue137.45M150.84M197.18M278.51M342.81M355.17M435.80M593.25M586.12M557.06M531.87M580.53M506.25M658.33M743.30M1.02B1.56B1.90B1.83B1.90B1.92B2.13B2.36B2.27B2.28B2.18B1.99B
Gross Profit151.51M184.53M172.13M229.31M308.57M279.03M339.45M430.36M370.15M329.44M446.52M471.22M365.11M305.81M404.93M689.31M1.05B1.14B1.15B1.20B1.32B1.88B2.29B1.30B1.49B1.54B1.69B
Gross Margin52.43%55.02%46.61%45.16%47.37%44.00%43.79%42.04%38.71%37.16%45.64%44.80%41.90%31.72%35.27%40.29%40.20%37.44%38.57%38.67%40.81%46.91%49.21%36.34%39.49%41.29%45.89%
Operating Expense78.32M137.86M168.24M207.05M258.82M-316.00M349.77M--335.03M331.08M341.77M321.50M377.59M566.84M1.04B1.05B1.78B978.72M898.55M976.94M1.06B1.11B1.40B1.44B1.28B
Operating Income73.19M46.67M3.90M22.26M49.75M-23.45M80.59M--111.49M140.14M23.34M-15.68M27.34M122.47M11.97M88.06M-637.52M216.47M423.22M906.63M1.23B183.17M91.70M95.53M411.42M
Operating Margin25.33%13.92%1.05%4.38%7.64%-3.03%7.87%--11.40%13.32%2.68%-1.63%2.38%7.16%0.46%2.90%-21.44%7.00%13.07%22.58%26.39%5.13%2.43%2.57%11.18%
EBITDA-------------53.10M104.19M339.45M695.40M790.76M790.91M798.85M924.41M1.34B1.61B531.94M463.74M441.06M730.05M
EBITDA Margin-------------5.51%9.07%19.84%26.64%26.08%26.60%25.85%28.54%33.34%34.57%14.90%12.30%11.86%19.85%
Net Income50.09M34.97M--29.71M-16.33M83.42M5.75M-71.02M124.56M857.00K-53.00M12.64M196.30M-28.84M-16.56M-40.29M133.13M334.32M733.61M1.03B103.15M-70.32M55.62M338.99M
Net Income Margin17.34%10.43%--4.56%-2.11%8.15%0.60%-7.26%11.84%0.10%-5.50%1.10%11.47%-1.10%-0.55%-1.35%4.31%10.32%18.27%22.24%2.89%-1.87%1.50%9.22%
R&D33.34M60.34M74.44M112.24M128.15M162.66M168.86M184.98M221.22M172.18M138.96M141.10M151.70M178.79M197.27M257.49M448.76M470.84M445.10M450.48M484.41M570.39M623.64M649.84M682.25M747.71M726.12M
R&D as % of Total Revenue11.54%17.99%20.16%22.10%19.67%25.65%21.78%18.07%23.13%19.42%14.20%13.42%17.41%18.54%17.18%15.05%17.19%15.53%14.97%14.58%14.96%14.21%13.42%18.21%18.10%20.11%19.74%
Interest Expense00000000000006.53M5.98M1.42M23.32M58.88M59.55M43.96M60.39M75.20M63.33M68.46M69.25M78.33M73.13M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.68%0.52%0.08%0.89%1.94%2.00%1.42%1.86%1.87%1.36%1.92%1.84%2.11%1.99%

Balance Sheet

Currency: USD2000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets344.61M720.93M729.00M932.83M988.02M859.75M935.44M1.09B2.02B1.08B1.01B1.03B964.58M932.00M920.31M6.89B6.60B6.52B6.38B5.81B6.56B7.22B7.51B6.69B6.55B5.93B5.83B
Total Liabilities41.46M344.43M339.31M375.43M384.88M311.70M336.09M369.97M778.56M719.25M483.92M349.04M292.25M292.99M243.96M719.22M1.60B1.63B1.61B1.45B2.27B2.59B2.96B2.79B3.00B2.54B2.48B
Total Equity303.15M376.50M389.69M557.40M603.14M548.05M599.36M719.67M1.24B364.04M530.08M676.36M672.33M639.01M676.35M6.17B5.00B4.90B4.78B4.36B4.29B4.63B4.55B3.90B3.56B3.39B3.34B
Cash28.96M266.08M157.65M164.42M220.91M26.02M81.59M229.03M129.75M172.99M104.78M131.76M135.52M101.66M171.90M299.81M425.88M545.46M926.04M711.03M714.94M1.40B972.59M808.76M1.03B1.02B1.22B
Total Debt-------------82.03M87.26M-988.13M989.15M1.03B921.01M1.57B1.75B2.06B2.07B1.99B1.55B1.55B
Net Debt--------------101.66M-84.64M-299.81M562.25M443.69M57.25M209.98M852.29M344.67M1.07B1.24B958.75M528.04M330.14M

Cash Flow

Currency: USD2000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow19.91M56.36M69.07M51.97M117.10M56.36M53.69M178.44M59.90M112.16M185.66M213.39M124.21M71.25M130.85M305.62M687.93M776.82M852.52M810.36M945.65M1.30B1.05B843.23M833.19M622.20M808.63M
Investing Cash Flow--------------14.48M-57.03M-63.94M-278.71M-490.49M-277.41M-247.55M-1.11B-218.66M-595.96M-153.41M-136.47M36.55M-43.60M
Financing Cash Flow4.25M304.50M6.14M2.94M31.26M-7.94M39.38M275.81M-----89.67M-4.25M-112.90M-282.85M-165.65M-196.85M-776.66M165.56M-401.92M-875.51M-853.35M-459.57M-684.36M-566.53M
Capital Expenditure107.50M89.74M51.93M136.98M38.80M116.59M66.11M106.59M122.68M46.47M8.45M25.71M46.05M54.64M68.08M170.96M315.62M552.70M269.83M220.94M164.10M186.96M213.47M158.95M127.23M137.60M129.07M
Free Cash Flow-------------16.62M62.77M134.66M372.30M224.12M582.68M589.43M781.54M1.11B835.78M684.28M705.96M484.60M679.56M
Dividends Paid---------------01.18B00-659.00M1.21B-----
FCF to OCF-------------23.32%47.97%44.06%54.12%28.85%68.35%72.74%82.65%85.64%79.66%81.15%84.73%77.88%84.04%
Dividend Paid to FCF---------------0.00%315.60%0.00%0.00%-84.32%108.24%-----

Earnings

Report DateJun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Oct 17, 2001Jan 16, 2002Apr 16, 2002Jul 16, 2002Oct 15, 2002Jan 21, 2003Apr 22, 2003Jul 15, 2003Oct 21, 2003Jan 20, 2004Apr 27, 2004Jul 20, 2004Oct 26, 2004Jan 25, 2005Apr 26, 2005Jul 26, 2005Oct 25, 2005Jan 24, 2006Apr 25, 2006Jul 25, 2006Oct 24, 2006Jan 23, 2007Apr 24, 2007Jul 24, 2007Oct 23, 2007Jan 31, 2008May 6, 2008Jul 29, 2008Oct 28, 2008Jan 27, 2009Apr 28, 2009Jul 23, 2009Oct 27, 2009Jan 26, 2010Apr 27, 2010Jul 27, 2010Oct 26, 2010Jan 25, 2011Apr 26, 2011Jul 26, 2011Oct 25, 2011Jan 24, 2012Apr 24, 2012Jul 24, 2012Oct 23, 2012Jan 22, 2013Apr 23, 2013Jul 23, 2013Oct 22, 2013Jan 28, 2014Apr 29, 2014Jul 24, 2014Oct 29, 2014Jan 28, 2015May 6, 2015Jul 29, 2015Nov 5, 2015Feb 4, 2016May 4, 2016Aug 2, 2016Nov 3, 2016Feb 1, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Jan 31, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 7, 2019May 7, 2019Aug 1, 2019Oct 31, 2019Jan 29, 2020May 7, 2020Jul 29, 2020Nov 4, 2020Feb 3, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 2, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 1, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Jan 31, 2024May 1, 2024Jul 30, 2024Oct 29, 2024Jan 28, 2025Apr 29, 2025Jul 29, 2025Nov 3, 2025Jan 27, 2026May 5, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate----------------0.16-0.200.120.20-0.24-0.22-0.370.150.13-0.080.06-0.31-0.090.160.300.260.390.410.520.420.110.250.260.020.050.210.05-0.200.020.340.470.450.570.660.740.320.280.370.12-0.030.040.020.240.190.290.410.520.380.681.081.180.871.061.110.930.921.051.411.250.810.801.431.601.050.761.621.691.061.151.301.681.361.132.152.682.432.453.262.762.942.122.540.630.130.151.771.661.220.711.851.211.000.632.111.861.370.861.76
EPS Actual0.050.270.150.130.250.290.580.320.370.410.18-0.16-0.810.040.08-0.160.040.160.32-0.28-0.160.280.520.160.24-0.080.08-0.360.040.160.320.360.360.440.640.520.160.440.240.040.120.28-0.20-0.400.280.520.560.560.640.760.760.320.320.440.08-0.080.040.120.320.240.360.480.520.480.961.201.461.111.091.221.031.041.081.291.350.850.871.521.691.070.961.751.851.221.361.521.861.571.502.433.082.742.833.422.983.122.252.660.750.260.342.392.101.390.871.881.611.420.922.222.171.691.32-
Surprise---------------0.00%120.00%33.33%60.00%-16.67%27.27%-40.54%6.67%84.62%0.00%33.33%-16.13%144.44%0.00%6.67%38.46%-7.69%7.32%23.08%23.81%45.45%76.00%-7.69%100.00%140.00%33.33%-500.00%-100.00%1300.00%52.94%19.15%24.44%12.28%15.15%2.70%0.00%14.29%18.92%-33.33%-166.67%0.00%500.00%33.33%26.32%24.14%17.07%0.00%26.32%41.18%11.11%23.73%27.59%2.83%9.91%10.75%13.04%2.86%-8.51%8.00%4.94%8.75%6.29%5.63%1.90%26.32%8.02%9.47%15.09%18.26%16.92%10.71%15.44%32.74%13.02%14.93%12.76%15.51%4.91%7.97%6.12%6.13%4.72%19.05%100.00%126.67%35.03%26.51%13.93%22.54%1.62%33.06%42.00%46.03%5.21%16.67%23.36%53.49%-
Timing---------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap10.41B
Enterprise Value10.77B
Trailing P/E27.37
Forward P/E15.41
PEG Ratio1.10
Price / Sales2.86
Price / Book3.04
EPS4.31
Book Value39.36
Revenue (TTM)3.64B
Gross Profit (TTM)1.77B
EBITDA885.48M
Profit Margin10.95%
Operating Margin15.78%
Return on Equity11.56%
Return on Assets6.71%
Shares Outstanding88.22M
Shares Float81.69M
Beta1.46
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Hold
Based on 26 analystsTarget 90.17
  • Strong Buy
    4
  • Buy
    3
  • Hold
    16
  • Sell
    2
  • Strong Sell
    1

Ownership Breakdown

Institutions
99.83%
Insiders
0.50%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    10.40M11.79%
  • Starboard Value LP
    7.51M8.51%
  • Vanguard Portfolio Management, LLC
    5.80M6.57%
  • Vanguard Capital Management, LLC
    3.76M4.26%
  • State Street Corp
    3.64M4.13%
  • Fidelity International Ltd
    3.58M4.06%
  • Dimensional Fund Advisors, Inc.
    2.44M2.77%
  • Millennium Management LLC
    1.95M2.21%
  • LSV Asset Management
    1.93M2.18%
  • Bank of America Corp
    1.77M2.00%
  • Cnh Partners, LLC
    1.73M1.96%
  • Geode Capital Management, LLC
    1.62M1.84%
  • UBS Group AG
    1.29M1.46%
  • Assenagon Asset Management SA
    1.18M1.34%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    4.88M5.53%
  • Fidelity Global Technology A-Dis-EUR
    3.21M3.63%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.52M2.86%
  • Vanguard Small Cap Index
    1.82M2.07%
  • Vanguard Information Technology ETF
    1.26M1.43%
  • Vanguard MStar Small Cap Value Index
    1.16M1.31%

Stock Splits

  • Jan 2, 20151:4