Qorvo

OverviewSuggest Edit

Qorvo is a provider of semiconductor technologies and radio frequency solutions to mobile, infrastructure, defense, aerospace, and Internet of Things markets. The company designs, develops, manufactures, and markets products for original equipment and design manufacturers in two segments: Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies cellular RF and Wi-Fi solutions for a wide range of mobile devices, including smartphones, wearables, laptops, tablets, and cellular-based applications for the IoT. The IDP segment offers RF and system-on-a-chip solutions for cellular base stations and other wireless communications infrastructure, defense, smart home, automotive, and other IoT applications.

TypePublic
Founded2015
HQGreensboro, NC, USMap
Websiteqorvo.com
Employee Ratings3.8More
Overall CultureAMore
View Jobs (320)

Recent NewsAll News

Latest Updates

Employees (est.) (Apr 2021)8,400(+7%)
Job Openings320
Revenue (FY, 2021)$4 B(+24%)
Share Price (Sept 2021)$174.1
Cybersecurity ratingBMore
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Key People/Management at Qorvo

Robert Bruggeworth

Robert Bruggeworth

Chief Executive Officer
Mark Murphy

Mark Murphy

Chief Financial Officer
Steven Creviston

Steven Creviston

President of Mobile Products
Paul Fego

Paul Fego

Corporate Vice President of Global Operations
Brandi Frye

Brandi Frye

Corporate Vice President of Marketing
James Klein

James Klein

President of Infrastructure and Defense Products
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Qorvo Office Locations

Qorvo has offices in Greensboro, Apopka, Bend, Chandler and in 34 other locations
Greensboro, NC, US (HQ)
7628 Thorndike Rd
Apopka, FL, US
1818 S Orange Blossom Trail
Bend, OR, US
63140 Britta St
Chandler, AZ, US
6825 W Galveston St #1
Chelmsford, MA, US
2 Executive Dr 3rd floor
Chelmsford, MA, US
300 Apollo Dr 1st floor
Show all (46)

Qorvo Financials and Metrics

Qorvo Revenue

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View revenue for all periods
Qorvo's revenue was reported to be $4.02 b in FY, 2021 which is a 24% increase from the previous period.
USD

Revenue (Q1, 2022)

1.1b

Gross profit (Q1, 2022)

546.2m

Gross profit margin (Q1, 2022), %

49.2%

Net income (Q1, 2022)

285.6m

EBIT (Q1, 2022)

297.1m

Market capitalization (24-Sept-2021)

19.4b

Closing stock price (24-Sept-2021)

174.1

Cash (3-Jul-2021)

1.2b

EV

19.9b
Qorvo's current market capitalization is $19.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

3.1b3.2b4.0b

Revenue growth, %

4%5%24%

Cost of goods sold

1.9b1.9b2.1b

Gross profit

1.2b1.3b1.9b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

775.6m806.7m869.1m787.5m1.1b1.1b1.1b

Cost of goods sold

481.3m483.1m501.0m461.7m568.7m557.1m564.2m

Gross profit

294.3m323.6m368.1m325.8m491.6m537.8m546.2m

Gross profit Margin, %

38%40%42%41%46%49%49%
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

711.0m714.9m1.4b

Accounts Receivable

378.2m367.2m457.4m

Prepaid Expenses

25.8m37.9m41.6m

Inventories

511.8m517.2m507.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

629.6m586.8m1.1b1.1b2.0b1.2b1.2b

Accounts Receivable

326.7m405.1m409.8m326.0m485.1m507.1m495.6m

Prepaid Expenses

31.9m27.3m27.1m43.8m42.2m42.8m39.4m

Inventories

517.8m485.3m479.9m523.7m476.8m479.3m570.1m
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

133.1m334.3m733.6m

Depreciation and Amortization

663.1m468.9m456.1m

Inventories

(39.6m)10.3m9.4m

Accounts Payable

15.2m15.4m34.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

39.5m122.6m283.9m96.9m233.8m434.9m285.6m

Depreciation and Amortization

122.3m233.5m350.2m122.1m245.3m370.1m89.8m

Inventories

6.4m41.9m44.9m(7.4m)41.8m38.9m(60.3m)

Accounts Payable

7.6m(4.2m)41.7m(35.3m)16.2m35.6m54.4m
show all
USDFY, 2019

EV/EBIT

41.7 x

EV/CFO

11.1 x

Revenue/Employee

381.5k

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.3 x

P/E Ratio

68.3
Show all financial metrics

Qorvo Operating Metrics

FY, 2018FY, 2019FY, 2020FY, 2021Sep, 2021

Patents Issued

1.3 k1.4 k1.97 k2.18 k

Products

2 k

Products Shipped (BAW Filters)

9 b
Show all operating metrics

Qorvo Acquisitions / Subsidiaries

Company NameDateDeal Size
NextInput Inc,April 05, 2021$173.4 m
7Hugs Labs SASOctober 01, 2020$48.7 m
DecaWaveJanuary 30, 2020$400 m
Cavendish KineticsOctober 07, 2019
Active-Semi International Inc.April 10, 2019
GreenPeak TechnologiesApril 18, 2016
RF Micro DevicesFebruary 24, 2014
TriQuint SemiconductorFebruary 24, 2014
Active-Semi (BVI), Inc.
Active-Semi Hong Kong Limited
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Qorvo Revenue Breakdown

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Qorvo revenue breakdown by business segment: 28.9% from Infrastructure and Defense Products and 71.1% from Mobile Products

Qorvo revenue breakdown by geographic segment: 9.1% from Other Asia, 40.6% from United States, 39.3% from China, 6.2% from Taiwan and 4.8% from Other

Qorvo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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Qorvo Online and Social Media Presence

Qorvo's Trends

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Qorvo Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    A-

    75/100

  • Compensation

    A-

    79/100

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Qorvo News and Updates

September 21, 2021

Qorvo® Expands BAW Filter Portfolio to Support Global 5G Base Station Deployments

Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two bulk acoustic wave (BAW) filters to support the ongoing global deployment of 5G base stations. The new QPQ3500 and QPQ3501 filters offer base station OEMs pin-compatible, 5G filter soluti…
September 09, 2021

$1.25 Billion in Sales Expected for Qorvo, Inc. (NASDAQ:QRVO) This Quarter

Brokerages forecast that Qorvo, Inc. (NASDAQ:QRVO) will post sales of $1.25 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Qorvo's earnings. Qorvo reported sales of $1.06 billion in the same quarter last year, which would suggest a …
September 05, 2021

With EPS Growth And More, Qorvo (NASDAQ:QRVO) Is Interesting

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks with a good story, even if those businesses lose money. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'
September 03, 2021

Qorvo Greensboro proudly partnered with the @Guilford Education Alliance

Qorvo Greensboro proudly partnered with the @Guilford Education Alliance on a back-to-school supply drive benefiting the Teacher Supply Warehouse
September 02, 2021

Qorvo® to Present at the Citi 2021 Global Technology Virtual Conference

Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Citi 2021 Global Technology Virtual Conference on Monday, September 13, 2021, at 9:40 a.m. Eastern Time.
September 02, 2021

Qorvo Greensboro partnered with the Guilford Education Alliance

Qorvo Greensboro proudly partnered with the @Guilford Education Alliance on a back-to-school supply drive benefiting the Teacher Supply Warehouse.
Show more

 Qorvo Frequently Asked Questions

  • When was Qorvo founded?

    Qorvo was founded in 2015.

  • Who are Qorvo key executives?

    Qorvo's key executives are Robert Bruggeworth, Mark Murphy and Steven Creviston.

  • How many employees does Qorvo have?

    Qorvo has 8,400 employees.

  • What is Qorvo revenue?

    Latest Qorvo annual revenue is $4 b.

  • What is Qorvo revenue per employee?

    Latest Qorvo revenue per employee is $478 k.

  • Who are Qorvo competitors?

    Competitors of Qorvo include Inphi, Qualcomm and Murata Manufacturing.

  • Where is Qorvo headquarters?

    Qorvo headquarters is located at 7628 Thorndike Rd, Greensboro.

  • Where are Qorvo offices?

    Qorvo has offices in Greensboro, Apopka, Bend, Chandler and in 34 other locations.

  • How many offices does Qorvo have?

    Qorvo has 46 offices.