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Qorvo Inc

Technology US QRVO

65.365USD
-0.915(1.38%)

Last update at 2024-11-20T20:45:00Z

Day Range

64.9867.30
LowHigh

52 Week Range

80.62121.65
LowHigh

Fundamentals

  • Previous Close 66.28
  • Market Cap9369.26M
  • Volume1425852
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA741.38M
  • Revenue TTM3769.51M
  • Revenue Per Share TTM38.64
  • Gross Profit TTM 1296.94M
  • Diluted EPS TTM-0.72

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax 124.63M 1181.08M 807.38M 395.09M 91.79M
Minority interest - - - - -
Net income 103.15M 1033.35M 733.61M 334.32M 133.12M
Selling general administrative 358.79M 349.72M 406.54M 343.57M 476.07M
Selling and marketing expenses - - - - -
Gross profit 1296.94M 2286.17M 1883.57M 1321.76M 1195.18M
Reconciled depreciation 338.85M 361.42M 456.10M 468.93M 663.10M
Ebit 183.17M 883.00M 426.47M -13.45000M -527.34200M
Ebitda 193.09M 1244.41M 882.58M 455.48M 135.75M
Depreciation and amortization 9.92M 361.42M 456.10M 468.93M 663.10M
Non operating income net other 9.92M 18.34M -24.04900M 32.27M -80.71100M
Operating income 183.17M 883.00M 426.47M -13.45000M 183.47M
Other operating expenses 3386.23M 3419.64M 3108.68M 2815.93M 2873.86M
Interest expense 68.46M 63.33M 75.20M 60.39M 43.96M
Tax provision 21.48M 147.73M 73.77M 60.76M -41.33300M
Interest income - - - 12.07M 10.97M
Net interest income -68.46300M -63.32600M -75.19800M -48.32600M -32.99200M
Extraordinary items - - - - 17.00M
Non recurring - - - - -
Other items - - - - -
Income tax expense 21.48M 147.73M 73.77M 60.76M -41.33300M
Total revenue 3569.40M 4645.71M 4015.31M 3239.14M 3090.32M
Total operating expenses 1113.77M 1060.10M 976.94M 898.55M 978.72M
Cost of revenue 2272.46M 2359.55M 2131.74M 1917.38M 1895.14M
Total other income expense net -58.53900M 298.09M 380.91M 408.54M 619.13M
Discontinued operations - - - - -
Net income from continuing ops 103.15M 1033.35M 733.61M 334.32M 133.12M
Net income applicable to common shares 103.15M 1033.35M 733.61M 334.32M 133.12M
Preferred stock and other adjustments - - - - -
Breakdown 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Type yearly yearly yearly yearly yearly
Date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Total assets 6554.64M 6691.90M 7509.07M 7221.47M 6560.68M
Intangible assets 509.38M 537.70M 674.79M 611.15M 808.89M
Earning assets - - - - -
Other current assets 278.83M 119.92M 152.68M 120.71M 91.19M
Total liab 2998.26M 2789.11M 2955.85M 2592.05M 2268.02M
Total stockholder equity 3556.37M 3902.79M 4553.22M 4629.43M 4292.66M
Deferred long term liab - - - - -
Other current liab 462.85M 345.06M 347.21M 112.65M 74.25M
Common stock 3651.07M 3821.47M 4035.85M 4244.74M 4290.38M
Capital stock 3651.07M 3821.47M 4035.85M 4244.74M 4290.38M
Retained earnings -89.59800M 84.50M 512.14M 355.04M 0.00000M
Other liab - 185.27M 233.63M 114.74M 103.71M
Good will 2534.60M 2760.81M 2775.63M 2642.71M 2614.27M
Other assets - 193.38M 324.11M 119.48M 100.19M
Cash 1029.26M 808.76M 972.59M 1397.88M 714.94M
Cash and equivalents - - - - -
Total current liabilities 1230.09M 555.76M 675.13M 681.58M 539.00M
Current deferred revenue 59.90M - - 249.97M 210.91M
Net debt 1024.93M 1239.32M 1074.51M 344.67M 852.29M
Short term debt 454.34M - - 5.09M 6.89M
Short long term debt 438.74M - - 5.09M 6.89M
Short long term debt total 2054.19M 2048.07M 2047.10M 1742.55M 1567.23M
Other stockholder equity - -3.17500M 5.23M 29.65M 0.29M
Property plant equipment - 1149.81M 1253.59M 1266.03M 1259.20M
Total current assets 2446.03M 2029.79M 2449.86M 2483.80M 1690.50M
Long term investments 23.25M 20.41M 31.09M 35.37M 22.52M
Net tangible assets - 604.28M 1102.80M 1375.56M 869.50M
Short term investments 0.08M - - - -
Net receivables 427.39M 304.52M 568.85M 457.43M 367.17M
Long term debt 1549.27M 2048.07M 2047.10M 1742.55M 1567.23M
Inventory 710.55M 796.60M 755.75M 507.79M 517.20M
Accounts payable 252.99M 210.70M 327.92M 313.87M 246.95M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -5.09700M -3.17500M 5.23M 29.65M 2.29M
Additional paid in capital - - - - -
Common stock total equity - 3821.47M 4035.85M 4244.74M 4290.38M
Preferred stock total equity - - - - -
Retained earnings total equity - 84.50M 512.14M 355.04M -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 83.69M 193.38M 324.11M 182.40M 165.30M
Deferred long term asset charges - - - - -
Non current assets total 4108.60M 4662.11M 5059.21M 4737.67M 4870.18M
Capital lease obligations - - - - -
Long term debt total - 2048.07M 2047.10M 1742.55M 1567.23M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments -153.40900M -595.95600M -218.65800M 1.95M 0.40M
Change to liabilities -129.58600M -2.96700M 78.71M 75.48M -37.71600M
Total cashflows from investing activities -153.40900M -595.95600M -218.65800M -1105.74200M -247.55400M
Net borrowings - 301.57M 118.76M 659.00M -145.33000M
Total cash from financing activities -853.35300M -875.51000M -401.92300M 165.56M -776.66400M
Change to operating activities - -210.52000M -8.59700M 32.60M -1.33400M
Net income 103.15M 1033.35M 733.61M 334.32M 133.12M
Change in cash -163.86200M -425.50400M 682.70M 4.23M -215.02000M
Begin period cash flow 972.80M 1398.31M 715.61M 711.38M 926.40M
End period cash flow 808.94M 972.80M 1398.31M 715.61M 711.38M
Total cash from operating activities 843.23M 1049.24M 1301.85M 945.65M 810.36M
Issuance of capital stock 32.51M 38.30M 42.60M 50.20M 41.29M
Depreciation 338.85M 361.42M 456.10M 468.93M 663.10M
Other cashflows from investing activities 5.54M -382.49000M -31.69800M -943.58800M -27.01700M
Dividends paid - - -1206.75000M - -
Change to inventory -81.45000M -236.19600M 9.39M 10.25M -39.59000M
Change to account receivables 264.78M -107.89600M -91.27500M 21.03M -32.11900M
Sale purchase of stock -861.75100M -1152.28700M -515.08400M -515.13100M -638.07400M
Other cashflows from financing activities -24.10900M 435.97M 2365.31M 630.49M 870.80M
Change to netincome 77.14M 178.28M 133.80M 50.15M 110.22M
Capital expenditures 158.95M 213.47M 186.96M 164.10M 220.94M
Change receivables 264.78M -107.89600M -91.27500M 21.03M -32.11900M
Cash flows other operating 43.24M -176.74200M -18.49000M -14.51300M 13.34M
Exchange rate changes - - - -1.23300M -1.16600M
Cash and cash equivalents changes -163.53100M -422.22300M 681.27M 4.23M -215.02000M
Change in working capital 96.98M -523.80100M -21.66300M 92.25M -96.08200M
Stock based compensation 105.58M 83.51M 89.32M 75.98M 71.58M
Other non cash items 264.81M 62.89M 62.62M -14.73400M 108.81M
Free cash flow 684.28M 835.78M 1114.89M 781.54M 589.43M

Peer Comparison

Sector: Technology Industry: Semiconductors

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
QRVO
Qorvo Inc
-0.915 1.38% 65.36 - 15.13 3.11 2.96 3.38 49.28
NVDA
NVIDIA Corporation
-1.695 1.15% 145.31 62.11 36.76 36.43 51.65 36.19 61.96
AVGO
Broadcom Inc
-2.74 1.66% 162.61 52.53 28.65 16.03 8.86 17.67 34.54
TSM
Taiwan Semiconductor Manufacturing
-2.845 1.50% 186.82 19.45 15.92 0.24 4.85 0.22 0.30
AMD
Advanced Micro Devices Inc
-2.33 1.67% 137.06 244.65 48.78 11.64 4.72 11.51 62.93

Reports Covered

Stock Research & News

Profile

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets worldwide. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

Qorvo Inc

7628 Thorndike Road, Greensboro, NC, United States, 27409-9421

Key Executives

Name Title Year Born
Mr. Robert A. Bruggeworth Pres, CEO & Director 1961
Mr. Paul J. Fego Sr. VP of Global Operations 1958
Mr. Steven Creviston Sr. VP and Pres of Connectivity & Sensors 1964
Mr. Philip Chesley Sr. VP & Pres of High Performance Analog 1971
Mr. Grant A. Brown Sr. VP & CFO 1977
Mr. Douglas DeLieto VP of Investor Relations NA
Mr. Jason K. Givens Sr. VP, Gen. Counsel & Sec. NA
Mr. Brent Dietz Director of Corp. Communications NA
Mr. David Fullwood Sr. VP of Sales & Marketing NA
Ms. Debra Howard Sr. VP & Chief HR Officer NA

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