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Qorvo, Inc. (QRVO)

Income Statement Business | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJul-01-23Apr-01-23Dec-31-22Jul-02-22Apr-02-22Jan-01-22Oct-02-21Jul-03-21
   10-Q10-K10-Q10-Q10-K10-Q10-Q10-Q
Total revenues  651.2632.7743.31,035.41,166.21,114.01,255.21,110.4
            Revenue growth  -37.1%-45.7%-33.3%-6.8%8.7%1.7%18.4%41.0%
Cost of goods sold  422.1518.0475.2660.1595.8565.9633.7564.2
Gross profit  229.1114.7268.1375.3570.3548.1621.6546.2
            Gross margin  35.2%18.1%36.1%36.2%48.9%49.2%49.5%49.2%
Selling, general and administrative   [+]105.483.076.3101.883.982.093.590.3
Research and development  163.1163.6149.5168.6158.7154.4158.4152.1
Other operating expenses  8.757.133.63.057.115.67.36.7
EBITDA   [+]32.9-104.7 187.6360.5388.3451.8386.9
            EBITDA margin  5.0%-16.6%1.2%18.1%30.9%34.9%36.0%34.8%
Depreciation  50.051.3 52.051.953.852.852.4
EBITA  -17.2-156.08.7135.6308.5334.5399.0334.5
            EBITA margin  -2.6%-24.7%1.2%13.1%26.5%30.0%31.8%30.1%
Amortization of intangibles  31.032.9 33.737.938.536.637.4
EBIT   [+]-48.1-189.08.7101.9270.6296.0362.4297.1
            EBIT margin  -7.4%-29.9%1.2%9.8%23.2%26.6%28.9%26.8%
Interest expense  17.317.217.117.317.415.315.315.3
Other income (expense), net   [+]21.889.3-7.6-15.7106.8-64.4-27.83.8
Pre-tax income  -43.6-116.9-15.968.9360.0216.3319.2285.6
Income taxes  8.1103.6-13.2-10.7260.3-67.0-32.6-13.0
            Tax rate    82.6% 72.3%   
Net income  -51.7-220.5-2.879.599.7283.2351.8298.6
            Net margin  -7.9%-34.8%-0.4%7.7%8.6%25.4%28.0%26.9%
   
Basic EPS   [+]($0.52)($2,157.31)($0.03)$0.76$0.91$2.58$3.17$2.67
Diluted EPS   [+]($0.52)($2,140.28)($0.03)$0.75$0.89$2.56$3.13$2.62
   
Shares outstanding (basic)   [+]98.50.1100.9105.2110.2109.7111.0112.0
Shares outstanding (diluted)   [+]98.50.1100.9106.1111.5110.8112.4113.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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