QRVO

MKT CAP:$8B

Qorvo, Inc.

Market Cap

$8B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$83.22-$3.05 (-3.54%)

Apr 21, 2026

Company Details

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile device...

CEO

Robert A. Bruggeworth

IPO Date

Jan 2, 2015

Website

www.qorvo.com

Key Metrics TTM

Revenue

$3.7B

-1.3% YoY

Net Income

$341M

EPS (Diluted)

$3.63

Free Cash Flow

$595M

Revenue / Share

$39.88

Gross Margin

44.4%

Operating Margin

10.9%

Net Margin

9.1%

FCF Margin

15.9%

P/S

2.2x

P/E

23.9x

Earnings Reports

Q4 2026

May 5, 2026

PENDING

Q3 2026

Jan 28, 2026

$993M+8.4%EPS $1.75

Q2 2026

Nov 3, 2025

$1.1B+1.1%EPS $1.28

Q1 2026

Jul 30, 2025

$819M-7.7%EPS $0.27

FY 2025

May 19, 2025

$3.7B-1.3%EPS $0.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$1.2B	$570M	$271M
Q1 23	$1.0B	$375M	$102M
Q2 23	$1.2B	$539M	$262M
Q3 23	$743M	$268M	$9M
Q4 23	$633M	$115M	-$189M
Q1 24	$651M	$229M	-$48M
Q2 24	$1.1B	$490M	$151M
Q3 24	$1.1B	$388M	-$42M
Q4 24	$941M	$382M	$30M
Q1 25	$887M	$332M	$5M
Q2 25	$1.0B	$445M	$10M
Q3 25	$916M	$391M	$53M
Q4 25	$869M	$367M	$28M
Q1 26	$819M	$332M	$30M
Q2 26	$1.1B	$497M	$158M
Q3 26	$993M	$464M	$192M

Valuation

Quarter	P/S	P/E
Q4 22	1.7x	7.9x
Q1 23	1.8x	10.0x
Q2 23	1.8x	11.8x
Q3 23	2.0x	17.9x
Q4 23	2.3x	78.8x
Q1 24	2.6x	—
Q2 24	2.6x	—
Q3 24	2.3x	—
Q4 24	2.2x	—
Q1 25	2.0x	—
Q2 25	2.1x	—
Q3 25	2.1x	301.1x
Q4 25	2.2x	146.1x
Q1 26	2.2x	100.6x
Q2 26	2.2x	37.3x
Q3 26	2.2x	23.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$346M	$295M
Q1 23	$273M	$230M
Q2 23	$267M	$220M
Q3 23	$237M	$203M
Q4 23	$65M	$31M
Q1 24	$45M	$5M
Q2 24	$93M	$64M
Q3 24	$493M	$467M
Q4 24	$202M	$170M
Q1 25	$81M	$43M
Q2 25	$128M	$95M
Q3 25	$214M	$176M
Q4 25	$199M	$171M
Q1 26	$183M	$145M
Q2 26	$84M	$42M
Q3 26	$265M	$237M

Capital Expenditures

Quarter	CapEx
Q4 22	$50M
Q1 23	$43M
Q2 23	$47M
Q3 23	$34M
Q4 23	$34M
Q1 24	$39M
Q2 24	$29M
Q3 24	$26M
Q4 24	$33M
Q1 25	$38M
Q2 25	$33M
Q3 25	$38M
Q4 25	$29M
Q1 26	$38M
Q2 26	$42M
Q3 26	$28M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+8.7%	+14.9%
Q1 23	-6.8%	+14.8%
Q2 23	-7.7%	+0.4%
Q3 23	-33.3%	-10.2%
Q4 23	-45.7%	-8.2%
Q1 24	-37.1%	-25.1%
Q2 24	-4.7%	+6.2%
Q3 24	+44.5%	+51.9%
Q4 24	+48.7%	+10.9%
Q1 25	+36.2%	+26.1%
Q2 25	-5.2%	+8.9%
Q3 25	-14.7%	-22.6%
Q4 25	-7.6%	-7.7%
Q1 26	-7.7%	-10.6%
Q2 26	+1.1%	-13.1%
Q3 26	+8.4%	-7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$10M	0.9%
Q1 23	$35M	3.4%
Q2 23	$32M	2.7%
Q3 23	$20M	2.7%
Q4 23	$19M	3.0%
Q1 24	$38M	5.9%
Q2 24	$39M	3.5%
Q3 24	$22M	2.0%
Q4 24	$22M	2.3%
Q1 25	$42M	4.8%
Q2 25	$38M	3.6%
Q3 25	$28M	3.1%
Q4 25	$27M	3.2%
Q1 26	$42M	5.2%
Q2 26	$40M	3.8%
Q3 26	$27M	2.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 22	$159M	—	—	$84M
Q1 23	$169M	—	—	$102M
Q2 23	$168M	—	—	$98M
Q3 23	$149M	—	—	$76M
Q4 23	$164M	—	—	$83M
Q1 24	$163M	—	—	$105M
Q2 24	$175M	—	—	$104M
Q3 24	$164M	—	—	$87M
Q4 24	$180M	—	—	$93M
Q1 25	$188M	$55M	$60M	—
Q2 25	$201M	—	—	$108M
Q3 25	$179M	—	—	$90M
Q4 25	$180M	—	—	$91M
Q1 26	$179M	$51M	$57M	—
Q2 26	$198M	$48M	$60M	—
Q3 26	$178M	$32M	$49M	—

Revenue Segments

Quarter	Infrastructure and Defense Products	Mobile Products	Acg	Csg	Hpa
Q1 23	$302M	$733M	—	—	—
Q2 23	—	—	$787M	$143M	$228M
Q3 23	—	—	$491M	$97M	$155M
Q1 24	—	—	$412M	$99M	$140M
Q2 24	—	—	$850M	$104M	$150M
Q3 24	—	—	$846M	$109M	$119M
Q4 24	—	—	$654M	$123M	$165M
Q1 25	—	—	$642M	$115M	$129M
Q2 25	—	—	$751M	$147M	$148M
Q3 25	—	—	$635M	$110M	$172M
Q4 25	—	—	$580M	$101M	$188M
Q1 26	—	—	$571M	$110M	$137M
Q2 26	—	—	$777M	$107M	$175M
Q3 26	—	—	$691M	$111M	$191M

Revenue by Geography

Quarter	China	Europe	Other Asia	Taiwan, Province Of China	United States
Q1 23	$283M	$72M	$192M	$91M	$396M
Q2 23	$222M	$64M	$126M	$130M	$615M
Q3 23	$125M	$34M	$72M	$53M	$459M
Q1 24	$151M	$28M	$91M	$66M	$315M
Q2 24	$190M	$29M	$119M	$66M	$699M
Q3 24	$201M	$15M	$145M	$61M	$652M
Q4 24	$185M	$17M	$162M	$68M	$509M
Q1 25	$196M	$18M	$132M	$93M	$447M
Q2 25	$152M	$23M	$113M	$102M	$657M
Q3 25	$140M	$25M	$80M	$69M	$603M
Q4 25	$133M	$20M	$119M	$77M	$520M
Q1 26	$156M	$18M	$122M	$97M	$425M
Q2 26	$111M	$26M	$120M	$98M	$702M
Q3 26	$121M	$25M	$97M	$86M	$665M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$973M	$0	$973M
Q1 23	$859M	$0	$859M
Q2 23	$912M	$0	$912M
Q3 23	$919M	$0	$919M
Q4 23	$809M	$0	$809M
Q1 24	$744M	$0	$744M
Q2 24	$707M	$0	$707M
Q3 24	$1.1B	$0	$1.1B
Q4 24	$1.0B	$0	$1.0B
Q1 25	$1.1B	$0	$1.1B
Q2 25	$1.1B	$0	$1.1B
Q3 25	$769M	$0	$769M
Q4 25	$1.0B	$0	$1.0B
Q1 26	$1.2B	$0	$1.2B
Q2 26	$1.1B	$0	$1.1B
Q3 26	$1.3B	$0	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	109M	-1.9%	-5.5%
Q1 23	106M	-2.4%	-6.8%
Q2 23	104M	-2.3%	-7.8%
Q3 23	101M	-2.6%	-8.9%
Q4 23	100M	-1.4%	-8.4%
Q1 24	99M	-1.0%	-7.1%
Q2 24	99M	+0.1%	-4.9%
Q3 24	97M	-1.5%	-3.8%
Q4 24	97M	+0.2%	-2.2%
Q1 25	97M	-0.8%	-2.0%
Q2 25	95M	-1.7%	-3.8%
Q3 25	95M	+0.2%	-2.2%
Q4 25	95M	+0.4%	-1.9%
Q1 26	94M	-1.8%	-2.8%
Q2 26	94M	+0.0%	-1.2%
Q3 26	94M	-0.0%	-1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$138.8K	8K
Q1 23	$116.3K	9K
Q2 23	$130.1K	9K
Q3 23	$83.5K	9K
Q4 23	$71.1K	9K
Q1 24	$76.6K	9K
Q2 24	$129.8K	9K
Q3 24	$126.3K	9K
Q4 24	$108.2K	9K
Q1 25	$101.9K	9K
Q2 25	$120.3K	9K
Q3 25	$105.3K	9K
Q4 25	$140.2K	6K
Q1 26	$132.1K	6K
Q2 26	$170.7K	6K
Q3 26	$160.2K	6K

Revenue / Employee