Qorvo IncQorvo Inc
Qorvo Inc

Qorvo Inc

QRVO
Information Technology·Semiconductors & Semiconductor Equipment

Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 2015, and TriQuint Semiconductor, incorporated in 1981. It is headquartered in Greensboro, NC.

North Carolina; U.S.A
Market cap
$10.1BNo data
Revenue
$3.7B−1.1% YoY
Net income
$339M+509.5% YoY
Free cash flow
$679.6M+40.2% YoY

Market

Listed stock
QRVOPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$3.7B−1.1% YoY
Operating income
$411.4M+330.7% YoY
Net income
$339M+509.5% YoY
Free cash flow
$679.6M+40.2% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $4.6B, 2023 $3.6B, 2024 $3.8B, 2025 $3.7B, 2026 $3.7B. Operating income: 2022 $1.2B, 2023 $183.2M, 2024 $91.7M, 2025 $95.5M, 2026 $411.4M. Net income: 2022 $1B, 2023 $103.2M, 2024 $-70.3M, 2025 $55.6M, 2026 $339M. Free cash flow: 2022 $835.8M, 2023 $684.3M, 2024 $706M, 2025 $484.6M, 2026 $679.6M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-1.1%+25 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-04-02 $1.2B, 2023-04-01 $183.2M, 2024-03-30 $91.7M, 2025-03-29 $95.5M, 2026-03-28 $411.4M. Net income: 2022-04-02 $1B, 2023-04-01 $103.2M, 2024-03-30 $-70.3M, 2025-03-29 $55.6M, 2026-03-28 $339M. Free cash flow: 2022-04-02 $835.8M, 2023-04-01 $684.3M, 2024-03-30 $706M, 2025-03-29 $484.6M, 2026-03-28 $679.6M

Growth heatmap

2023202420252026CAGR
Revenue
-23.2%
+5.6%
-1.3%
-1.1%
-5.7%
Gross profit
-43.3%
+14.8%
+3.2%
+9.9%
-7.3%
Operating income
-85.1%
-49.9%
+4.2%
+330.7%
-24.0%
Free cash flow
-18.1%
+3.2%
-31.4%
+40.2%
-5.1%

Earnings quality

Operating cash flow
$808.6M+30.0% YoY
Net income
$339M+509.5% YoY
Free cash flow
$679.6M+40.2% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-03-28 239%, 2025-03-29 1119%, 2024-03-30 -1185%, 2023-04-01 817%, 2022-04-02 102%. Free cash flow: 2026-03-28 200%, 2025-03-29 871%, 2024-03-30 -1004%, 2023-04-01 663%, 2022-04-02 81%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data