Qorvo, Inc.
Financial highlights
| Metric | FY 03/28/26 | FY 03/29/25 | FY 03/30/24 | FY 04/01/23 | FY 04/02/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.7B | $3.7B | $3.8B | $3.6B | $4.6B |
| Cost of revenue | $2.0B | $2.2B | $2.3B | $2.3B | $2.4B |
| Gross profit | $1.7B | $1.5B | $1.5B | $1.3B | $2.3B |
| Selling, general & administrative | — | — | $389.1M | $358.8M | $349.7M |
| Research and development | $726.1M | $747.7M | $682.2M | $649.8M | $623.6M |
| Operating expenses | $1.3B | $1.4B | $1.4B | $1.1B | $1.1B |
| Operating income | $411.4M | $95.5M | $91.7M | $183.2M | $1.2B |
| Interest expense | $73.1M | $78.3M | $69.2M | $68.5M | $63.3M |
| Pretax income | $398.3M | $65.9M | $73.6M | $124.6M | $1.2B |
| Income tax expense | $59.3M | $10.3M | $143.9M | $21.5M | $147.7M |
| Net income | $339.0M | $55.6M | -$70.3M | $103.2M | $1.0B |
| Balance Sheet | |||||
| Cash and equivalents | $1.2B | $1.0B | $1.0B | $808.8M | $972.6M |
| Current assets | $2.3B | $2.2B | $2.4B | $2.0B | $2.4B |
| Total assets | $5.8B | $5.9B | $6.6B | $6.7B | $7.5B |
| Current liabilities | $712.8M | $783.2M | $1.2B | $555.8M | $675.1M |
| Total liabilities | $2.5B | $2.5B | $3.0B | $2.8B | $3.0B |
| Total debt | — | $1.5B | $2.0B | $2.0B | — |
| Stockholders' equity | $3.3B | $3.4B | $3.6B | $3.9B | $4.6B |
| Cash Flow Statement | |||||
| Cash from operations | $808.6M | $622.2M | $833.2M | $843.2M | $1.0B |
| Depreciation and amortization | $151.3M | $163.2M | $193.0M | $206.4M | $210.9M |
| Stock-based compensation | $136.1M | $136.3M | $120.8M | $105.6M | $83.5M |
| Capital expenditure | $129.1M | $137.6M | $127.2M | $159.0M | $213.5M |
| Free cash flow | $679.6M | $484.6M | $706.0M | $684.3M | $835.8M |
| Share repurchases | $532.6M | $356.3M | $400.1M | $861.8M | $1.2B |
| Impairments | $36.5M | $144.2M | $221.4M | $227.1M | $0 |
Shares outstanding 92.7M · Free float 93.0%
Annual filing data through FY ended March 28, 2026; float as of July 4, 2026.