Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems and solutions for applications that drive wireless and broadband communications, as well as foundry services. The Company was created by the merger of TriQuint Semiconductor and RF Micro Devices. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. The Company also leverages unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places, and things.

Company Growth (employees)
Type
Public
HQ
Greensboro, US
Founded
2015
Size (employees)
7,300 (est)
Website
qorvo.com
Qorvo was founded in 2015 and is headquartered in Greensboro, US

Qorvo Office Locations

Qorvo has offices in Greensboro, Hillsboro, Richardson, Apopka and in 3 other locations
Greensboro, US (HQ)
7628 Thorndike Rd
Nürnberg, DE
20 Löffelholzstraße
Singapore, SG
1 Changi Business Park Ave 1
San José, CR
Calle 144
Apopka, US
1818 S Orange Blossom Trail
Richardson, US
500 W Renner Rd
Hillsboro, US
2300 Ne Brookwood Pkwy

Qorvo Data and Metrics

Qorvo Financial Metrics

Qorvo's revenue was reported to be $2.6 b in FY, 2016 which is a 53% increase from the previous period.
$, USD

Revenue (FY, 2016)

2.6 b

Revenue growth (FY, 2015 - FY, 2016), %

53%

Gross profit (FY, 2016)

1 b

Gross profit margin (FY, 2016), %

40%

Net income (FY, 2016)

(28.8 m)

EBIT (FY, 2016)

12 m

Market capitalization (23-Jun-2017)

8.9 b

Closing share price (23-Jun-2017)

70.5

Cash (02-Apr-2016)

425.9 m
Qorvo's current market capitalization is $8.9 b.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.7 b2.6 b

Revenue growth, %

53%

Cost of goods sold

658.3 m743.3 m1 b1.6 b

Gross profit

689.3 m1 b

Gross profit Margin, %

40%40%

R&D expense

257.5 m448.8 m

General and administrative expense

85.2 m113.6 m

Operating expense total

566.8 m1 b

EBIT

122.5 m12 m

EBIT margin, %

7%0%

Interest expense

6.5 m6 m(1.4 m)(23.3 m)

Interest income

450 k2.1 m

Pre tax profit

121.2 m(2.9 m)

Income tax expense

27.1 m11.2 m75.1 m(26 m)

Net Income

196.3 m(28.8 m)
$, USDY, 2012Y, 2013Y, 2014FY, 2015FY, 2016

Cash

135.5 m101.7 m171.9 m299.8 m425.9 m

Accounts Receivable

25.8 m47.4 m

Inventories

346.9 m427.6 m

Current Assets

1.5 b1.5 b

Goodwill

2.1 b2.1 b

Total Assets

6.9 b6.6 b

Accounts Payable

182.5 m205.4 m

Current Liabilities

325.3 m373.8 m

Retained Earnings

(411 m)(439.8 m)

Total Equity

5 b

Financial Leverage

1.3 x
$, USDFY, 2015FY, 2016

Net Income

196.3 m(28.8 m)

Depreciation and Amortization

74.2 m180.4 m

Accounts Receivable

(30.4 m)36.7 m

Inventories

10.4 m(84.1 m)

Accounts Payable

(30.1 m)(461 k)

Cash From Operating Activities

127.9 m126.1 m

Purchases of PP&E

(169.9 m)(315.6 m)

Cash From Investing Activities

(63.9 m)(278.7 m)

Cash From Financing Activities

(112.9 m)(282.9 m)

Interest Paid

930 k2.2 m

Income Taxes Paid

34.6 m34.9 m
$, USDY, 2016

Revenue/Employee

389.7 k

Financial Leverage

1.3 x

Qorvo Market Value History

Qorvo Online and Social Media Presence

Qorvo News and Updates

Qorvo Company Life and Culture

You may also be interested in