Income Statement

QORVO, INC.

QRVO
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Mar 31, 2025 2024 FY Mar 31, 2024 2023 FY Mar 31, 2023 2022 FY Mar 31, 2022 2021 FY Mar 31, 2021 2020 FY Jun 30, 2018 2019 FY Mar 31, 2019 2018 FY Mar 31, 2018 2017 FY Mar 31, 2017 2016 FY Mar 31, 2016 2015 FY Mar 31, 2015 2014 FY
Revenue
3,718.97 3,769.51 3,569.40 4,645.71 4,015.31 692.67 3,090.33 2,973.54 3,032.57 2,610.73 1,710.97
Cost of Revenue
2,183.38 2,281.01 2,272.46 2,359.55 2,131.74 455.94 1,895.14 - - - -
Gross Profit
1,535.59 1,488.50 1,296.94 2,286.17 1,883.57 236.73 1,195.18 1,146.97 1,135.51 1,049.55 689.31
Operating Expenses
1,440.06 1,396.79 1,113.77 1,060.10 976.94 255.95 978.72 1,076.68 1,047.45 1,037.59 566.84
Research & Development
747.71 682.25 649.84 623.64 570.40 110.90 450.48 445.10 470.84 448.76 257.49
Selling, General & Administrative
231.91 389.14 358.79 349.72 367.24 135.93 476.07 527.75 545.59 420.47 164.66
Other Operating Expenses
- - - - - - - - - - -
Operating Income
95.53 91.70 183.17 1,226.07 906.63 -19.22 216.47 70.28 88.06 11.97 122.47
Non-Operating Income
29.63 18.14 58.54 44.99 99.25 47.55 -252.04 -154.86 234.25 14.83 1.23
Interest Income
- - - - - - - - - - -
Interest Expense
78.33 69.25 68.46 63.33 75.20 14.35 43.96 59.55 58.88 23.32 1.42
Other Non-Op Income / Expense
48.70 51.10 9.92 18.34 -24.05 1.09 0.46 0.97 0.43 6.42 -0.25
Income Before Tax
65.90 73.56 124.63 1,181.08 807.38 28.69 468.51 225.14 94.69 -2.86 121.24
Income Tax Expense
10.28 143.88 21.48 147.73 73.77 -36.77 335.38 265.43 -129.63 25.98 -75.06
Non-Controlling Interest
- - - - - - - - - - -
Net Income
55.62 -70.32 103.15 1,033.35 733.61 -29.99 133.13 -40.29 -16.56 -28.85 196.30
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Mar 31, 2025 2024 FY Mar 31, 2024 2023 FY Mar 31, 2023 2022 FY Mar 31, 2022 2021 FY Mar 31, 2021 2020 FY Jun 30, 2018 2019 FY Mar 31, 2019 2018 FY Mar 31, 2018 2017 FY Mar 31, 2017 2016 FY Mar 31, 2016 2015 FY Mar 31, 2015 2014 FY
Depreciation & Amortization
- - - - - - - - - - -
EBITDA
95.53 91.70 183.17 1,226.07 906.63 -19.22 216.47 70.28 88.06 11.97 122.47
Earnings Per Share (Basic)
0.59 -0.72 1.01 9.38 6.43 -0.24 1.07 -0.32 -0.13 -0.20 2.17
Diluted EPS
0.58 -0.72 1.00 9.26 6.32 -0.24 1.05 -0.32 -0.13 -0.20 2.11
Weighted Average Shares
94.59 97.56 102.21 110.20 114.03 126.20 124.53 126.95 127.12 141.94 90.48
Diluted Weighted Avg Shares
95.45 97.56 103.02 111.55 116.02 126.20 127.36 126.95 127.12 141.94 93.21
Comprehensive Income
55.70 -72.24 94.75 1,008.94 760.97 30.26 432.02 186.17 67.49 -31.85 196.96