Qorvo, Inc. (QRVO)
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency, analog mixed signal, and power management solutions for defense and aerospace markets, as well as offers compound semiconductor foundry services, wafer processing, advanced packaging and heterogeneous integration solutions. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, and cellular solutions. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
- Symbol
- QRVO
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Semiconductors
- Market cap
- $10.39B
- 52 week range
- 74.92 - 121.09
Valuation
- Share price
- $118.44 (close of 2026-09-22)
- P/E (TTM)
- 32.36x
- Price to book
- 3.11x
- Price to free cash flow
- 15.29x
- Enterprise value
- $10.72B
- Book value per share
- $38.12
Price performance
| Period | Change |
|---|
| 1 day | +1.05% |
| 5 days | +0.32% |
| 1 month | +23.94% |
| 3 months | +16.14% |
| 6 months | +51.54% |
| Year to date | +40.15% |
| 1 year | +22.98% |
| 3 years | +25.83% |
| 5 years | -31.67% |
| 10 years | +109.55% |
| All time | +68.24% |
Profitability and growth
- Return on equity
- 10.14%
- Return on invested capital
- 9.58%
- Return on assets
- 5.82%
- Return on capital employed
- 8.05%
- Gross margin
- 45.89%
- Net margin
- 9.22%
- EBITDA margin
- 15.30%
- Revenue growth
- -1.09%
- Net income growth
- 509.53%
- Free cash flow growth
- 40.23%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.54%
- Current ratio
- 3.24x
- Net debt to EBITDA
- 0.45x
Latest reported year
- Period end
- 2026-03-28
- Fiscal year
- 2026
- Revenue
- $3.68B
- Cost of revenue
- $1.99B
- Gross profit
- $1.69B
- EBITDA
- $562.76M
- Net income
- $338.99M
- Earnings per share
- $3.66
- Research and development
- $726.12M
- Interest expense
- $73.13M
- Shares outstanding
- 92.59M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-03-28 | $3.68B | $1.69B | $338.99M | $3.66 |
| 2025-03-29 | $3.72B | $1.54B | $55.62M | $0.59 |
| 2024-03-30 | $3.77B | $1.49B | $-70.32M | $-0.72 |
| 2023-04-01 | $3.57B | $1.30B | $103.15M | $1.01 |
| 2022-04-02 | $4.65B | $2.29B | $1.03B | $9.38 |
| 2021-04-03 | $4.02B | $1.88B | $733.61M | $6.43 |
| 2020-03-28 | $3.24B | $1.32B | $334.32M | $2.86 |
| 2019-03-30 | $3.09B | $1.20B | $133.13M | $1.07 |
| 2018-03-31 | $2.97B | $1.15B | $-40.29M | $-0.32 |
| 2017-04-01 | $3.03B | $1.14B | $-16.56M | $-0.13 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-03-28 | 45.89% | 9.22% | 10.14% | 9.58% |
| 2025-03-29 | 41.29% | 1.50% | 1.64% | 2.17% |
| 2024-03-30 | 39.49% | -1.87% | -1.98% | 1.02% |
| 2023-04-01 | 36.34% | 2.89% | 2.64% | 3.14% |
| 2022-04-02 | 49.21% | 22.24% | 22.70% | 18.89% |
| 2021-04-03 | 46.91% | 18.27% | 15.85% | 16.50% |
| 2020-03-28 | 40.81% | 10.32% | 7.79% | 6.94% |
| 2019-03-30 | 38.67% | 4.31% | 3.05% | 4.74% |
| 2018-03-31 | 38.57% | -1.35% | -0.84% | 0.73% |
| 2017-04-01 | 37.44% | -0.55% | -0.34% | 0.83% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-03-28 | $1.22B | $1.55B |
| 2025-03-29 | $1.02B | $1.55B |
| 2024-03-30 | $1.03B | $1.55B |
| 2023-04-01 | $808.76M | $2.05B |
| 2022-04-02 | $972.59M | $2.05B |
| 2021-04-03 | $1.40B | $1.74B |
| 2020-03-28 | $714.94M | $1.57B |
| 2019-03-30 | $711.03M | $920.93M |
| 2018-03-31 | $926.04M | $983.29M |
| 2017-04-01 | $545.46M | $989.15M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-03-28 | $679.56M | $136.07M |
| 2025-03-29 | $484.60M | $136.35M |
| 2024-03-30 | $705.96M | $120.83M |
| 2023-04-01 | $684.28M | $105.58M |
| 2022-04-02 | $835.78M | $83.51M |
| 2021-04-03 | $1.11B | $89.32M |
| 2020-03-28 | $781.54M | $75.98M |
| 2019-03-30 | $589.43M | $71.58M |
| 2018-03-31 | $582.68M | $68.16M |
| 2017-04-01 | $224.12M | $88.84M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.76
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | $0.86 |
| 2026-05-05 | - | - |
| 2026-01-27 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-01-28 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- qorvo.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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