Qorvo, Inc. financial data

Symbol
QRVO on Nasdaq
Industry
Semiconductors & Related Devices
Location
7628 Thorndike Road, Greensboro, NC
State of incorporation
Delaware
Fiscal year end
March 29
Former names
Rocky Holding, Inc. (to 10/8/2014)
Latest financial report
10-Q - Q2 2024 - Jul 31, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 216 % -37.5%
Quick Ratio 68.3 % -48.5%
Debt-to-equity 82.2 % +14.6%
Return On Equity -0.73 % -217%
Return On Assets -0.4 % -194%
Operating Margin 3.61 % +247%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 94.9M shares -3.11%
Common Stock, Shares, Outstanding 95M shares -3.15%
Entity Public Float 9.27B USD +14.8%
Weighted Average Number of Shares Outstanding, Basic 95.5M shares -3.09%
Weighted Average Number of Shares Outstanding, Diluted 96.5M shares -2.03%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 4.01B USD +25.7%
Research and Development Expense 707M USD +9.68%
Operating Income (Loss) 144M USD +335%
Income Tax Expense (Benefit) 151M USD +5456%
Net Income (Loss) Attributable to Parent -26.3M USD -183%
Earnings Per Share, Basic -0.28 USD/shares -250%
Earnings Per Share, Diluted -0.28 USD/shares -211%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.08B USD +45.4%
Accounts Receivable, after Allowance for Credit Loss, Current 425M USD +37.9%
Inventory, Net 727M USD -20.8%
Other Assets, Current 99M USD +100%
Assets, Current 2.38B USD +13.9%
Property, Plant and Equipment, Net 867M USD -20.3%
Operating Lease, Right-of-Use Asset 61.3M USD -26.6%
Intangible Assets, Net (Excluding Goodwill) 474M USD -6.62%
Goodwill 2.53B USD -8.24%
Other Assets, Noncurrent 170M USD -21.5%
Assets 6.45B USD -3.58%
Accounts Payable, Current 304M USD +3.47%
Employee-related Liabilities, Current 116M USD +24.9%
Accrued Liabilities, Current 300M USD +13.5%
Liabilities, Current 1.22B USD +90.4%
Operating Lease, Liability, Noncurrent 50.6M USD -26.9%
Other Liabilities, Noncurrent 195M USD +4.33%
Liabilities 2.96B USD +3.02%
Common Stocks, Including Additional Paid in Capital 3.58B USD -6.15%
Accumulated Other Comprehensive Income (Loss), Net of Tax -6.03M USD -49.3%
Retained Earnings (Accumulated Deficit) -89.2M USD
Stockholders' Equity Attributable to Parent 3.49B USD -8.55%
Liabilities and Equity 6.45B USD -3.58%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 81.1M USD +80.6%
Net Cash Provided by (Used in) Financing Activities -29.5M USD +71.9%
Net Cash Provided by (Used in) Investing Activities -17.2M USD -336%
Common Stock, Shares Authorized 405M shares 0%
Common Stock, Shares, Issued 95M shares -3.15%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 33.2M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.08B USD +45.4%
Deferred Tax Assets, Valuation Allowance 43.6M USD +21.6%
Deferred Tax Assets, Gross 213M USD -0.6%
Operating Lease, Liability 66.2M USD -25.2%
Depreciation 41.3M USD -17.5%
Payments to Acquire Property, Plant, and Equipment 38.2M USD -3.13%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -28.3M USD -712%
Lessee, Operating Lease, Liability, to be Paid 74.4M USD -25.2%
Property, Plant and Equipment, Gross 2.55B USD -16.2%
Operating Lease, Liability, Current 15.6M USD -19.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 15.6M USD -11.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 17.2M USD -22%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -25.6M USD -40%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 8.27M USD -25.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.9M USD -21.8%
Deferred Tax Assets, Operating Loss Carryforwards 25.6M USD +15.2%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 159M USD +4.31%
Lessee, Operating Lease, Liability, to be Paid, Year Four 10.6M USD -14.3%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 34.9M USD +12.6%
Deferred Tax Assets, Net of Valuation Allowance 169M USD -5.06%
Interest Expense 69.1M USD +0.89%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%