QRVO FY 2025 Earnings Report — Qorvo, Inc. Revenue & Financial Results | Market Cap Arena

Qorvo, Inc.QRVO

FY 2025 Earnings

Reported May 19, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.8B	—	-1.3%
Op. Income	$96M	—	$92M	—	4.2%
Gross Margin	41.3%	—	39.5%	—	1.8pp
Net Margin	1.5%	—	-1.9%	—	3.4pp
EPS (Diluted)	$0.58	—	$-0.72	—	180.6%
Free Cash Flow	$485M	—	$706M	—	-31.4%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$748M
Selling & Marketing	$232M
General & Administrative	$172M
SG&A Expenses	$404M
Other Expenses	$289M
Operating Expenses	$1.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$78M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$66M
Income Tax Expense	$10M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$297M
EBIT	$144M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$748M
Selling & Marketing	$232M
General & Administrative	$172M
SG&A Expenses	$404M
Other Expenses	$289M
Operating Expenses	$1.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$78M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$66M
Income Tax Expense	$10M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$297M
EBIT	$144M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$297M
Stock-Based Compensation	$136M
Deferred Income Tax	-$85M
Other Non-Cash Items	$225M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$622M
Capital Expenditure	-$138M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$174M
NET CASH FROM INVESTING	$37M
Net Debt Issuance	-$439M
Common Stock Repurchased	-$356M
Common Dividends Paid	$0
Other Financing Activities	$75M
NET CASH FROM FINANCING	-$684M
FREE CASH FLOW	$485M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$398M
Inventory	$641M
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$802M
Goodwill	$2.4B
Intangible Assets	$273M
Long-Term Investments	$23M
Tax Assets	$0
Other Non-Current Assets	$277M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.9B
Account Payables	$261M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$235M
TOTAL CURRENT LIABILITIES	$783M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$208M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.5B
Common Stock	$3.4B
Additional Paid-In Capital	$0
Retained Earnings	-$34M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$1.5B
Net Debt	$528M