Qorvo, Inc. (QRVO) Income statement

Market cap

$7.4B

P/E ratio

	2015/03	2016/04	2017/04	2018/03	2019/03	2020/03	2021/04	2022/04	2023/04	2024/03	2025/03
Revenue	1,711	2,611	3,033	2,974	3,090	3,239	4,015	4,646	3,569	3,770	3,719
Revenue growth (%)	-
Cost of revenue	1,022	1,561	1,897	1,827	1,895	1,917	2,132	2,360	2,272	2,281	2,183
Gross profit	689	1,050	1,136	1,147	1,195	1,322	1,884	2,286	1,297	1,488	1,536
Gross margin (%)
Research & development	257	449	471	445	450	484	570	624	650	682	748
Selling, general & administrative	-	-	546	528	476	344	367	350	359	389	-
Operating margin (%)
Operating expenses	567	1,038	1,047	1,077	979	899	977	1,060	1,114	1,397	1,440
Operating income	122	12	88	70	216	423	907	1,226	183	92	96
Income before tax	121	-3	27	17	92	395	807	1,181	125	74	66
Pretax margin (%)	7.1	-0.1	0.9	0.6	3	12.2	20.1	25.4	3.5	2	1.8
Provision for income taxes	-75	26	44	57	-41	61	74	148	21	144	10
Effective tax rate (%)
Net income	196	-29	-17	-40	133	334	734	1,033	103	-70	56
Net income margin (%)
Earnings per share	2.17	-0.2	-0.13	-0.32	1.07	2.86	6.43	9.38	1.01	-0.72	0.59
Diluted EPS	2.11	-0.2	-0.13	-0.32	1.05	2.8	6.32	9.26	1	-0.72	0.58