QRVO - Qorvo, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$88.86
DETAILS
HIGH:
$120.00
LOW:
$66.00
MEDIAN:
$87.00
CONSENSUS:
$88.86
DOWNSIDE:
16.51%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 3,678.5 | 3,719.0 | 3,769.5 | 3,569.4 | 4,645.7 | 4,015.3 | 3,239.1 | 3,090.3 | 2,973.5 | 3,032.6 | 2,610.7 | 1,711.0 | 1,148.2 | 964.1 |
| Cost of Revenue | 1,990.4 | 2,183.4 | 2,281.0 | 2,272.5 | 2,359.5 | 2,131.7 | 1,917.4 | 1,895.1 | 1,826.6 | 1,897.1 | 1,561.2 | 1,021.7 | 743.3 | 658.3 |
| Gross Profit | 1,688.1 | 1,535.6 | 1,488.5 | 1,296.9 | 2,286.2 | 1,883.6 | 1,321.8 | 1,195.2 | 1,147.0 | 1,135.5 | 1,049.6 | 689.3 | 404.9 | 305.8 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 726.1 | 747.7 | 682.2 | 649.8 | 623.6 | 570.4 | 484.4 | 450.5 | 445.1 | 470.8 | 448.8 | 257.5 | 197.3 | 178.8 |
| SG&A Expenses | 380.7 | 403.6 | 389.1 | 358.8 | 349.7 | 367.2 | 343.6 | 476.1 | 527.8 | 545.6 | 534.1 | 249.9 | 151.4 | 132.9 |
| Other Expenses | 169.9 | 288.7 | 325.4 | 105.1 | 86.7 | 39.3 | 70.6 | 52.2 | 103.8 | (1.9) | 6.4 | (1.2) | 2.3 | (1.2) |
| Operating Expenses | 1,276.7 | 1,440.1 | 1,396.8 | 1,113.8 | 1,060.1 | 976.9 | 898.5 | 978.7 | 1,076.7 | 1,047.5 | 1,037.6 | 566.8 | 377.6 | 321.5 |
| Operating Income | ||||||||||||||
| Operating Income | 411.4 | 95.5 | 91.7 | 183.2 | 1,226.1 | 906.6 | 423.2 | 216.5 | (637.5) | 88.1 | 12.0 | 122.5 | 27.3 | (15.7) |
| Interest Expense | 73.1 | 78.3 | 69.2 | 68.5 | 63.3 | 75.2 | 60.4 | 44.0 | 59.5 | 58.9 | 23.3 | 1.4 | 6.0 | 6.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 12.1 | 11.0 | 7.0 | 1.2 | 2.1 | 0.5 | 0.2 | 0.2 |
| Profitability | ||||||||||||||
| EBITDA | 411.4 | 441.1 | 463.7 | 531.9 | 1,605.8 | 1,338.7 | 924.4 | 798.9 | 790.9 | 790.8 | 695.4 | 339.6 | 104.2 | 53.1 |
| EBIT | 411.4 | 144.2 | 142.8 | 193.1 | 1,244.4 | 882.6 | 455.5 | 135.8 | 76.7 | 86.2 | 20.5 | 122.7 | 29.9 | (19.4) |
| Income Before Tax | 398.3 | 65.9 | 73.6 | 124.6 | 1,181.1 | 807.4 | 395.1 | 91.8 | 17.1 | 27.3 | (2.9) | 121.2 | 23.9 | (25.9) |
| Income Tax Expense | 59.3 | 10.3 | 143.9 | 21.5 | 147.7 | 73.8 | 60.8 | (41.3) | 57.4 | 43.9 | 26.0 | (75.1) | 11.2 | 27.1 |
| Net Income | 339.0 | 55.6 | (70.3) | 103.2 | 1,033.4 | 733.6 | 334.3 | 133.1 | (40.3) | (16.6) | (28.8) | 196.3 | 12.6 | (53.0) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 3.66 | 0.59 | -0.72 | 1.01 | 9.38 | 6.43 | 2.86 | 1.07 | -0.32 | -0.13 | -0.20 | 1.32 | 0.09 | -0.36 |
| EPS (Diluted) | 3.62 | 0.58 | -0.72 | 1.00 | 9.26 | 6.32 | 2.80 | 1.05 | -0.32 | -0.13 | -0.20 | 1.32 | 0.09 | -0.75 |
| Shares Outstanding | 92.6 | 94.6 | 97.6 | 102.2 | 111.5 | 114.0 | 117.0 | 124.5 | 126.3 | 126.5 | 141.9 | 149.1 | 148.5 | 148.5 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 1,219.0 | 1,021.2 | 1,029.3 | 808.8 | 972.6 | 1,397.9 | 714.9 | 711.0 | 926.0 | 545.5 | 425.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 186.8 |
| Net Receivables | 398.7 | 397.7 | 427.4 | 331.1 | 601.0 | 484.8 | 382.2 | 400.1 | 390.8 | 423.2 | 363.7 |
| Inventory | 553.7 | 641.0 | 710.6 | 796.6 | 755.7 | 507.8 | 517.2 | 511.8 | 472.3 | 430.5 | 427.6 |
| Other Current Assets | 134.9 | 74.6 | 238.3 | 46.7 | 70.7 | 51.8 | 38.3 | 36.1 | 99.5 | 127.7 | 41.4 |
| Total Current Assets | 2,306.3 | 2,167.3 | 2,446.0 | 2,029.8 | 2,449.9 | 2,483.8 | 1,690.5 | 1,684.8 | 1,843.8 | 1,461.6 | 1,509.2 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 710.4 | 801.9 | 871.0 | 1,149.8 | 1,253.6 | 1,266.0 | 1,259.2 | 1,366.5 | 1,374.1 | 1,391.9 | 1,046.9 |
| Goodwill | 2,353.2 | 2,389.7 | 2,534.6 | 2,760.8 | 2,775.6 | 2,642.7 | 2,614.3 | 2,173.9 | 2,173.9 | 2,173.9 | 2,135.7 |
| Intangible Assets | 121.5 | 273.5 | 509.4 | 537.7 | 674.8 | 611.2 | 808.9 | 408.2 | 860.3 | 1,400.6 | 1,812.5 |
| Long-Term Investments | 16.3 | 23.4 | 23.3 | 20.4 | 31.1 | 35.4 | 22.5 | 97.8 | 63.8 | 35.5 | 26.1 |
| Other Non-Current Assets | 317.9 | 277.3 | 170.4 | 193.4 | 324.1 | 182.4 | 165.3 | 76.8 | 65.6 | 58.8 | 66.5 |
| Total Non-Current Assets | 3,519.3 | 3,765.9 | 4,108.6 | 4,662.1 | 5,059.2 | 4,737.7 | 4,870.2 | 4,123.2 | 4,537.7 | 5,060.7 | 5,087.6 |
| Total Assets | 5,825.6 | 5,933.1 | 6,554.6 | 6,691.9 | 7,509.1 | 7,221.5 | 6,560.7 | 5,808.0 | 6,381.5 | 6,522.3 | 6,596.8 |
| Current Liabilities | |||||||||||
| Account Payables | 242.9 | 260.7 | 253.0 | 210.7 | 327.9 | 313.9 | 247.0 | 233.3 | 213.2 | 216.2 | 205.4 |
| Short-Term Debt | 0 | 0 | 438.7 | 0.3 | 0.8 | 5.1 | 6.9 | 0.1 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 469.9 | 234.5 | 201.6 | 122.3 | 106.2 | 107.6 | 67.4 | 41.7 | 60.9 | 32.0 | 30.5 |
| Total Current Liabilities | 712.8 | 783.2 | 1,230.1 | 555.8 | 675.1 | 681.6 | 539.0 | 435.6 | 441.3 | 418.8 | 373.8 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 1,549.2 | 1,549.2 | 1,549.3 | 2,048.1 | 2,047.1 | 1,742.5 | 1,567.2 | 920.9 | 983.3 | 989.2 | 988.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 63.1 | 131.5 | 152.2 |
| Other Non-Current Liabilities | 219.4 | 208.4 | 218.9 | 185.3 | 233.6 | 167.9 | 161.8 | 91.5 | 118.3 | 86.1 | 83.1 |
| Total Non-Current Liabilities | 1,768.5 | 1,757.6 | 1,768.2 | 2,233.3 | 2,280.7 | 1,910.5 | 1,729.0 | 1,012.7 | 1,164.7 | 1,206.8 | 1,223.3 |
| Total Liabilities | 2,481.3 | 2,540.8 | 2,998.3 | 2,789.1 | 2,955.9 | 2,592.0 | 2,268.0 | 1,448.3 | 1,606.0 | 1,625.6 | 1,597.1 |
| Stockholders' Equity | |||||||||||
| Common Stock | 3,301.4 | 3,431.3 | 3,651.1 | 3,821.5 | 4,035.8 | 4,244.7 | 4,290.4 | 4,687.5 | 5,237.1 | 5,357.4 | 5,442.6 |
| Retained Earnings | 38.8 | (34.0) | (89.6) | 84.5 | 512.1 | 355.0 | 0 | (321.2) | (458.8) | (456.4) | (439.8) |
| Accumulated Other Comprehensive Income | 4.1 | (5.0) | (5.1) | (3.2) | 5.2 | 29.6 | 2.3 | (6.6) | (2.8) | (4.3) | (3.1) |
| Total Stockholders' Equity | 3,344.3 | 3,392.3 | 3,556.4 | 3,902.8 | 4,553.2 | 4,629.4 | 4,292.7 | 4,359.7 | 4,775.6 | 4,896.7 | 4,999.7 |
| Total Liabilities & Equity | 5,825.6 | 5,933.1 | 6,554.6 | 6,691.9 | 7,509.1 | 7,221.5 | 6,560.7 | 5,808.0 | 6,381.5 | 6,522.3 | 6,596.8 |
| Debt Metrics | |||||||||||
| Total Debt | 1,549.2 | 1,549.2 | 1,988.0 | 2,048.4 | 2,047.1 | 1,747.6 | 1,574.1 | 921.0 | 983.3 | 989.2 | 988.1 |
| Net Debt | 330.1 | 528.0 | 958.8 | 1,239.6 | 1,074.5 | 349.8 | 859.2 | 210.0 | 57.3 | 443.7 | 562.2 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 339.0 | 55.6 | (70.3) | 103.2 | 1,033.4 | 733.6 | 334.3 | 133.1 | (40.3) | (16.6) | (28.8) |
| Depreciation & Amortization | 258.6 | 296.8 | 320.9 | 338.8 | 361.4 | 456.1 | 468.9 | 663.1 | 714.2 | 704.6 | 675.0 |
| Stock-Based Compensation | 136.1 | 136.3 | 120.8 | 105.6 | 83.5 | 89.3 | 76.0 | 71.6 | 68.2 | 88.8 | 139.5 |
| Change in Working Capital | 41.6 | (6.4) | 142.4 | 97.0 | (523.8) | (21.7) | 92.2 | (96.1) | 90.7 | 20.9 | (81.7) |
| Other Non-Cash Items | 72.7 | 224.5 | 299.9 | 264.8 | 62.9 | 62.6 | (14.7) | 108.8 | 52.0 | 7.1 | (3.8) |
| Operating Cash Flow | 808.6 | 622.2 | 833.2 | 843.2 | 1,049.2 | 1,301.9 | 945.6 | 810.4 | 852.5 | 776.8 | 687.9 |
| Investing Activities | |||||||||||
| Capital Expenditure | (129.1) | (137.6) | (127.2) | (159.0) | (213.5) | (187.0) | (164.1) | (220.9) | (269.8) | (552.7) | (315.6) |
| Acquisitions | 0 | 0 | (63.0) | (0.1) | (389.1) | (47.1) | (946.0) | 0 | 0 | (118.1) | 0.9 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (132.7) | 0 | (0.5) | (365.5) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.9 | 133.1 | 0 | 186.8 | 401.6 |
| Other Investing Activities | 85.5 | 174.2 | 53.7 | 5.6 | 6.6 | 15.4 | 2.5 | (27.0) | (7.6) | (6.0) | 0.9 |
| Investing Cash Flow | (43.6) | 36.6 | (136.5) | (153.4) | (596.0) | (218.7) | (1,105.7) | (247.6) | (277.4) | (490.5) | (278.7) |
| Financing Activities | |||||||||||
| Net Debt Issuance | 0 | (439.1) | (58.3) | 0 | 301.6 | 118.8 | 659 | (145.3) | (9.6) | 0 | 1,000 |
| Stock Repurchased | (532.6) | (356.3) | (400.1) | (861.8) | (1,152.3) | (515.1) | (515.1) | (638.1) | (219.9) | (209.4) | (1,300.0) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (69.5) | 75.4 | (38.1) | (24.1) | (63.1) | (48.2) | (28.5) | (34.5) | (24.7) | (15.4) | (34.7) |
| Financing Cash Flow | (566.5) | (684.4) | (459.6) | (853.4) | (875.5) | (401.9) | 165.6 | (776.7) | (196.8) | (165.6) | (282.9) |
| Cash Position | |||||||||||
| Net Change in Cash | 197.8 | (28.1) | 240.3 | (163.9) | (425.5) | 682.7 | 4.2 | (215.0) | 380.6 | 119.6 | 126.1 |
| Cash at Beginning | 1,021.2 | 1,049.3 | 808.9 | 972.8 | 1,398.3 | 715.6 | 711.4 | 926.4 | 545.8 | 425.9 | 299.8 |
| Cash at End | 1,219.0 | 1,021.2 | 1,049.3 | 808.9 | 972.8 | 1,398.3 | 715.6 | 711.4 | 926.4 | 545.5 | 425.9 |
| Free Cash Flow | 679.6 | 484.6 | 706.0 | 684.3 | 835.8 | 1,114.9 | 781.5 | 589.4 | 582.7 | 224.1 | 372.3 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 3,678.5 | 3,719.0 | 3,769.5 | 3,569.4 | 4,645.7 | 4,015.3 | 3,239.1 | 3,090.3 | 2,973.5 | 3,032.6 | 2,610.7 | 1,711.0 | 1,148.2 | 964.1 |
| Gross Profit | 1,688.1 | 1,535.6 | 1,488.5 | 1,296.9 | 2,286.2 | 1,883.6 | 1,321.8 | 1,195.2 | 1,147.0 | 1,135.5 | 1,049.6 | 689.3 | 404.9 | 305.8 |
| Operating Income | 411.4 | 95.5 | 91.7 | 183.2 | 1,226.1 | 906.6 | 423.2 | 216.5 | (637.5) | 88.1 | 12.0 | 122.5 | 27.3 | (15.7) |
| Net Income | 339.0 | 55.6 | (70.3) | 103.2 | 1,033.4 | 733.6 | 334.3 | 133.1 | (40.3) | (16.6) | (28.8) | 196.3 | 12.6 | (53.0) |
| EPS (Diluted) | 3.62 | 0.58 | -0.72 | 1.00 | 9.26 | 6.32 | 2.80 | 1.05 | -0.32 | -0.13 | -0.20 | 1.32 | 0.09 | -0.75 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 1,219.0 | 1,021.2 | 1,029.3 | 808.8 | 972.6 | 1,397.9 | 714.9 | 711.0 | 926.0 | 545.5 | 425.9 | |||
| Total Assets | 5,825.6 | 5,933.1 | 6,554.6 | 6,691.9 | 7,509.1 | 7,221.5 | 6,560.7 | 5,808.0 | 6,381.5 | 6,522.3 | 6,596.8 | |||
| Total Debt | 1,549.2 | 1,549.2 | 1,988.0 | 2,048.4 | 2,047.1 | 1,747.6 | 1,574.1 | 921.0 | 983.3 | 989.2 | 988.1 | |||
| Stockholders' Equity | 3,344.3 | 3,392.3 | 3,556.4 | 3,902.8 | 4,553.2 | 4,629.4 | 4,292.7 | 4,359.7 | 4,775.6 | 4,896.7 | 4,999.7 | |||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 808.6 | 622.2 | 833.2 | 843.2 | 1,049.2 | 1,301.9 | 945.6 | 810.4 | 852.5 | 776.8 | 687.9 | |||
| Capital Expenditure | (129.1) | (137.6) | (127.2) | (159.0) | (213.5) | (187.0) | (164.1) | (220.9) | (269.8) | (552.7) | (315.6) | |||
| Free Cash Flow | 679.6 | 484.6 | 706.0 | 684.3 | 835.8 | 1,114.9 | 781.5 | 589.4 | 582.7 | 224.1 | 372.3 | |||