Qorvo Inc
NASDAQ:QRVO
Income Statement
Earnings Waterfall
Qorvo Inc
Revenue
|
3.5B
USD
|
Cost of Revenue
|
-2.2B
USD
|
Gross Profit
|
1.2B
USD
|
Operating Expenses
|
-1.2B
USD
|
Operating Income
|
1m
USD
|
Other Expenses
|
-212.4m
USD
|
Net Income
|
-211.4m
USD
|
Income Statement
Qorvo Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 173
N/A
|
1 148
-2%
|
1 172
+2%
|
1 224
+4%
|
1 332
+9%
|
1 711
+28%
|
2 068
+21%
|
2 414
+17%
|
2 638
+9%
|
2 611
-1%
|
2 636
+1%
|
2 792
+6%
|
2 998
+7%
|
3 033
+1%
|
2 975
-2%
|
2 932
-1%
|
2 951
+1%
|
2 974
+1%
|
3 025
+2%
|
3 088
+2%
|
3 075
0%
|
3 090
+1%
|
3 173
+3%
|
3 096
-2%
|
3 132
+1%
|
3 239
+3%
|
3 251
+0%
|
3 505
+8%
|
3 730
+6%
|
4 015
+8%
|
4 338
+8%
|
4 533
+4%
|
4 552
+0%
|
4 646
+2%
|
4 571
-2%
|
4 474
-2%
|
4 103
-8%
|
3 569
-13%
|
3 185
-11%
|
3 131
-2%
|
3 461
+11%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(779)
|
(743)
|
(718)
|
(707)
|
(732)
|
(1 022)
|
(1 242)
|
(1 470)
|
(1 653)
|
(1 561)
|
(1 589)
|
(1 714)
|
(1 840)
|
(1 897)
|
(1 880)
|
(1 832)
|
(1 825)
|
(1 827)
|
(1 878)
|
(1 908)
|
(1 894)
|
(1 895)
|
(1 903)
|
(1 848)
|
(1 848)
|
(1 883)
|
(1 881)
|
(1 973)
|
(2 037)
|
(2 132)
|
(2 234)
|
(2 299)
|
(2 308)
|
(2 360)
|
(2 456)
|
(2 441)
|
(2 350)
|
(2 273)
|
(2 034)
|
(2 029)
|
(2 240)
|
|
Gross Profit |
394
N/A
|
405
+3%
|
454
+12%
|
517
+14%
|
600
+16%
|
689
+15%
|
827
+20%
|
944
+14%
|
984
+4%
|
1 050
+7%
|
1 047
0%
|
1 079
+3%
|
1 158
+7%
|
1 136
-2%
|
1 095
-4%
|
1 100
+0%
|
1 126
+2%
|
1 147
+2%
|
1 147
+0%
|
1 180
+3%
|
1 181
+0%
|
1 195
+1%
|
1 271
+6%
|
1 247
-2%
|
1 285
+3%
|
1 356
+6%
|
1 370
+1%
|
1 531
+12%
|
1 693
+11%
|
1 884
+11%
|
2 104
+12%
|
2 234
+6%
|
2 244
+0%
|
2 286
+2%
|
2 115
-7%
|
2 033
-4%
|
1 753
-14%
|
1 297
-26%
|
1 151
-11%
|
1 102
-4%
|
1 221
+11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(364)
|
(378)
|
(383)
|
(380)
|
(375)
|
(567)
|
(752)
|
(926)
|
(1 083)
|
(1 038)
|
(1 027)
|
(1 032)
|
(1 037)
|
(1 047)
|
(1 041)
|
(1 041)
|
(1 048)
|
(1 077)
|
(1 069)
|
(1 060)
|
(1 061)
|
(979)
|
(956)
|
(901)
|
(856)
|
(885)
|
(884)
|
(945)
|
(970)
|
(972)
|
(1 055)
|
(1 044)
|
(994)
|
(1 032)
|
(1 084)
|
(1 102)
|
(1 110)
|
(1 090)
|
(1 118)
|
(1 179)
|
(1 220)
|
|
Selling, General & Administrative |
(153)
|
(151)
|
(151)
|
(144)
|
(139)
|
(250)
|
(358)
|
(456)
|
(552)
|
(534)
|
(532)
|
(536)
|
(540)
|
(546)
|
(541)
|
(542)
|
(538)
|
(528)
|
(524)
|
(525)
|
(524)
|
(476)
|
(429)
|
(378)
|
(334)
|
(344)
|
(341)
|
(362)
|
(374)
|
(367)
|
(371)
|
(355)
|
(344)
|
(350)
|
(361)
|
(366)
|
(360)
|
(359)
|
(363)
|
(368)
|
(379)
|
|
Research & Development |
(197)
|
(197)
|
(194)
|
(193)
|
(192)
|
(258)
|
(330)
|
(400)
|
(457)
|
(449)
|
(449)
|
(457)
|
(463)
|
(471)
|
(470)
|
(456)
|
(450)
|
(445)
|
(440)
|
(445)
|
(448)
|
(451)
|
(458)
|
(457)
|
(470)
|
(484)
|
(496)
|
(536)
|
(550)
|
(570)
|
(592)
|
(595)
|
(612)
|
(624)
|
(640)
|
(650)
|
(645)
|
(650)
|
(644)
|
(651)
|
(666)
|
|
Other Operating Expenses |
(15)
|
(29)
|
(40)
|
(43)
|
(46)
|
(60)
|
(64)
|
(71)
|
(74)
|
(55)
|
(47)
|
(40)
|
(35)
|
(31)
|
(29)
|
(44)
|
(61)
|
(104)
|
(105)
|
(90)
|
(88)
|
(52)
|
(68)
|
(65)
|
(52)
|
(57)
|
(48)
|
(46)
|
(46)
|
(34)
|
(92)
|
(95)
|
(38)
|
(59)
|
(83)
|
(87)
|
(105)
|
(82)
|
(111)
|
(159)
|
(175)
|
|
Operating Income |
30
N/A
|
27
-8%
|
70
+158%
|
136
+94%
|
224
+65%
|
123
-45%
|
75
-39%
|
18
-76%
|
(99)
N/A
|
12
N/A
|
19
+58%
|
46
+144%
|
121
+161%
|
88
-27%
|
55
-38%
|
59
+8%
|
78
+32%
|
70
-9%
|
79
+12%
|
120
+52%
|
121
+1%
|
217
+79%
|
315
+45%
|
347
+10%
|
429
+24%
|
471
+10%
|
486
+3%
|
586
+21%
|
723
+23%
|
912
+26%
|
1 049
+15%
|
1 190
+13%
|
1 251
+5%
|
1 254
+0%
|
1 032
-18%
|
931
-10%
|
643
-31%
|
207
-68%
|
33
-84%
|
(77)
N/A
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(6)
|
(5)
|
(4)
|
(2)
|
(1)
|
(1)
|
(1)
|
(8)
|
(22)
|
(36)
|
(51)
|
(58)
|
(61)
|
(54)
|
(53)
|
(53)
|
(55)
|
(52)
|
(46)
|
(39)
|
(35)
|
(31)
|
(33)
|
(41)
|
(51)
|
(41)
|
(53)
|
(55)
|
(54)
|
(50)
|
(41)
|
(39)
|
(51)
|
(68)
|
(70)
|
(79)
|
(52)
|
(70)
|
(72)
|
(68)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(57)
|
(116)
|
(128)
|
(138)
|
(84)
|
(28)
|
(78)
|
(70)
|
0
|
0
|
(1)
|
(28)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
(128)
|
|
Total Other Income |
0
|
2
|
2
|
2
|
1
|
(0)
|
3
|
4
|
3
|
7
|
2
|
1
|
(1)
|
0
|
(4)
|
(3)
|
(2)
|
2
|
(32)
|
(81)
|
(84)
|
(90)
|
(27)
|
71
|
120
|
113
|
87
|
39
|
(5)
|
19
|
10
|
12
|
11
|
6
|
(1)
|
(4)
|
7
|
1
|
30
|
35
|
41
|
|
Pre-Tax Income |
24
N/A
|
24
-1%
|
68
+184%
|
135
+98%
|
224
+66%
|
121
-46%
|
78
-36%
|
21
-73%
|
(104)
N/A
|
(3)
+97%
|
(15)
-424%
|
(4)
+76%
|
62
N/A
|
27
-56%
|
(3)
N/A
|
3
N/A
|
24
+804%
|
17
-27%
|
(5)
N/A
|
(8)
-62%
|
(2)
+72%
|
92
N/A
|
199
+117%
|
268
+35%
|
381
+42%
|
395
+4%
|
447
+13%
|
545
+22%
|
585
+7%
|
807
+38%
|
1 009
+25%
|
1 161
+15%
|
1 220
+5%
|
1 181
-3%
|
962
-19%
|
857
-11%
|
571
-33%
|
125
-78%
|
(7)
N/A
|
(114)
-1 627%
|
(155)
-36%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(26)
|
(11)
|
(18)
|
(27)
|
(35)
|
75
|
82
|
80
|
106
|
(26)
|
(21)
|
(26)
|
(159)
|
(44)
|
(38)
|
(20)
|
101
|
20
|
27
|
25
|
25
|
24
|
2
|
(16)
|
(35)
|
(61)
|
(55)
|
(99)
|
(100)
|
(74)
|
(87)
|
(56)
|
(101)
|
(148)
|
(146)
|
(171)
|
(117)
|
(22)
|
(3)
|
13
|
(57)
|
|
Income from Continuing Operations |
(2)
|
13
|
50
|
107
|
189
|
196
|
160
|
101
|
2
|
(29)
|
(37)
|
(29)
|
(97)
|
(17)
|
(42)
|
(17)
|
124
|
37
|
22
|
18
|
23
|
116
|
201
|
252
|
346
|
334
|
392
|
446
|
485
|
734
|
922
|
1 105
|
1 120
|
1 033
|
817
|
686
|
454
|
103
|
(9)
|
(100)
|
(211)
|
|
Net Income (Common) |
(2)
N/A
|
13
N/A
|
50
+294%
|
107
+115%
|
189
+76%
|
196
+4%
|
160
-19%
|
101
-37%
|
2
-98%
|
(29)
N/A
|
(37)
-27%
|
(29)
+20%
|
(97)
-231%
|
(17)
+83%
|
(42)
-150%
|
(17)
+58%
|
28
N/A
|
(40)
N/A
|
(40)
+1%
|
(44)
-10%
|
59
N/A
|
133
+125%
|
203
+52%
|
254
+25%
|
345
+36%
|
334
-3%
|
392
+17%
|
446
+14%
|
485
+9%
|
734
+51%
|
922
+26%
|
1 105
+20%
|
1 120
+1%
|
1 033
-8%
|
817
-21%
|
686
-16%
|
454
-34%
|
103
-77%
|
(9)
N/A
|
(100)
-980%
|
(211)
-111%
|
|
EPS (Diluted) |
-0.04
N/A
|
0.18
N/A
|
0.68
+278%
|
1.45
+113%
|
2.54
+75%
|
2.11
-17%
|
1.03
-51%
|
0.66
-36%
|
0
N/A
|
-0.2
N/A
|
-0.27
-35%
|
-0.21
+22%
|
-0.75
-257%
|
-0.13
+83%
|
-0.33
-154%
|
-0.15
+55%
|
0.22
N/A
|
-0.31
N/A
|
-0.31
N/A
|
-0.33
-6%
|
0.46
N/A
|
1.04
+126%
|
1.67
+61%
|
2.12
+27%
|
2.91
+37%
|
2.8
-4%
|
3.35
+20%
|
3.83
+14%
|
4.18
+9%
|
6.32
+51%
|
8.09
+28%
|
9.82
+21%
|
10.1
+3%
|
9.26
-8%
|
7.69
-17%
|
6.61
-14%
|
4.49
-32%
|
1
-78%
|
-0.09
N/A
|
-1
-1 011%
|
-2.17
-117%
|