MARKETS / NASDAQ / QRVO

NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Qorvo, Inc. QRVO

14 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.7B

▼ 1.1% YoY

Net income

$339.0M

▲ 509.5% YoY

Free cash flow

$679.6M

▲ 40.2% YoY

In brief

What this company does

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired and power markets. It serves six primary end markets: automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile. As of March 28, 2026, it employed approximately 5,200 full and part-time employees in 23 countries. It generated 50% of total revenue in fiscal year 2026 from sales, through multiple contract manufacturers, to Apple Inc., its largest end customer. In fiscal 2026, its fabrication facilities for the production of BAW, GaAs, GaN and SAW wafers were located in North Carolina, Oregon and Texas. It is organized into three operating and reportable segments that align its technologies and applications with customers and end markets: High Performance Analog ("HPA"), Connectivity and Sensors Group ("CSG") and Advanced Cellular Group ("ACG").

Written from the business description in Qorvo, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 8 May 2026. Every sentence was checked against that document before publication.

Growth

USD 3.7B

Revenue, FY2025 · full 14-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.7 · Net income 0.3

Compound annual growth

Revenue

+1.0%

−1.7%

+3.5%

Net income

+48.7%

−14.3%

EPS, diluted

+53.5%

−10.5%

Returned to shareholders

−15.8%

+0.9%

−9.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −1.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 11.2% · Net 9.2%

ROE

FY2025 · ROE 10.1%

Gross margin45.9%

Operating margin11.2%

Net margin9.2%

Return on assets5.8%

EBITDAUSD 562.8M

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 495.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.7

Net buybacks $B Dividends $B

FY2025 · Dividends — · Net buybacks 0.5

Dividends paid—

Net buybacksUSD 495.7M

Share of profit146.2%

Consecutive raises—

USD 495.7M in buybacks — 146% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.8B

EquityUSD 3.3B

CashUSD 1.2B

Gross debtUSD 1.5B

Net debtUSD 330.1M

Current ratio3.24×

Net debt stands at 10% of equity.

The 14-year record

14 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue $B	3.7	3.7	3.8	3.6	4.6	4.0	3.2	3.1	3.0	3.0	2.6	1.7	1.1	1.0
Operating income $B	0.4	0.1	0.1	0.2	1.2	0.9	0.4	0.2	0.1	0.1	0.0	0.1	0.0	−0.0
EBITDA $B	0.6	0.3	0.3	0.4	1.4	1.1	0.6	0.4	0.2	0.3	0.2	0.2	0.1	0.0
Income tax $B	0.1	0.0	0.1	0.0	0.1	0.1	0.1	−0.0	0.1	0.0	0.0	−0.1	0.0	0.0
Net income $B	0.3	0.1	−0.1	0.1	1.0	0.7	0.3	0.1	−0.0	−0.0	−0.0	0.2	0.0	−0.1
Free cash flow $B	0.7	0.5	0.7	0.7	0.8	1.1	0.8	0.6	0.6	0.2	0.4	0.1	0.1	0.0
EPS, diluted $	3.62	0.58	−0.72	1.00	9.26	6.32	2.80	1.05	−0.32	−0.13	−0.20	2.11	0.18	−0.76
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	10.1	1.6	−1.9	2.4	22.5	16.4	7.7	2.9	−0.8	−0.3	−0.5	5.7	1.9	−8.3
Shares out B	0.09	0.09	0.10	0.10	0.11	0.11	0.11	0.12	0.13	0.13	0.13	0.15	0.07	0.07

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySemiconductors & Related Devices

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsApril 3

Data on record since2012