Qorvo, Inc.QRVO

Market cap

$9.6B

P/E ratio

	Mar 28, 2015	Apr 2, 2016	Apr 1, 2017	Mar 31, 2018	Mar 30, 2019	Mar 28, 2020	Apr 3, 2021	Apr 2, 2022	Apr 1, 2023
Revenue	1,711	2,611	3,033	2,974	3,090	3,239	4,015	4,646	3,569
Cost of goods sold	-	-	-	-	1,895	1,917	2,132	2,360	2,272
Gross profit	689	1,050	1,136	1,147	1,195	1,322	1,884	2,286	1,297
Research and development	257	449	471	445	450	484	570	624	650
Selling, general and administrative	-	-	546	528	476	344	367	350	359
Other operating expense	-	-	-	-	-	71	39	87	105
Total operating expenses	567	1,038	1,047	1,077	979	899	977	1,060	1,114
Operating income	122	12	88	70	216	423	907	1,226	183
Interest expense	1	23	59	60	44	60	75	63	68
Other income (expense), net	-0	6	-3	-1	-92	20	-24	18	10
Income before income taxes	121	-3	27	17	92	395	807	1,181	125
Income tax expense	-75	26	44	57	-41	61	74	148	21
Net income	196	-29	-17	-40	133	334	734	1,033	103
Basic net (loss) income per share	2.17	-0.2	-0.13	-0.32	1.07	2.86	6.43	9.38	1.01
Diluted	2.11	-0.2	-0.13	-0.32	1.05	2.8	6.32	9.26	1