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Qorvo

CommunicationsManufacturing & IndustrialTechnologycommunication equipmentconnectivityelectronic componentssemiconductorswireless

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.

Revenue(FY, 2017)
$3 B
Market capitalization(2017-08-18)
$8.8 B
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
Show all (7)

Qorvo Data and Metrics

Qorvo Financial Metrics

Qorvo's revenue was reported to be $3 b in FY, 2017 which is a 16% increase from the previous period.
USD

Revenue (FY, 2017)

3 b

Revenue growth (FY, 2016 - FY, 2017), %

16%

Net income (FY, 2017)

55.9 m

Market capitalization (18-Aug-2017)

8.8 b

Cash (01-Apr-2017)

545.5 m

EV

9.3 b
Qorvo's current market capitalization is $8.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.7 b2.6 b3 b

Revenue growth, %

53%16%

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)(13.1 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)93.2 m

Net Income

196.3 m(28.8 m)55.9 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Revenue

397.1 m673.6 m708.3 m620.7 m698.5 m864.7 m

Cost of goods sold

206.4 m394.1 m423.5 m389.7 m422.1 m547.9 m

Gross profit

190.7 m279.5 m284.8 m231 m276.5 m316.8 m

Gross profit Margin, %

48%41%40%37%40%37%

R&D expense

48.9 m117.2 m118.3 m106 m117.1 m126.1 m

General and administrative expense

12 m36.1 m29.1 m24.4 m34.6 m30.5 m

Operating expense total

60.9 m153.3 m147.4 m242.6 m151.7 m156.5 m

EBIT

103.6 m(1.3 m)18 m(13.2 m)5.7 m45.4 m

EBIT margin, %

26%(0%)3%(2%)1%5%

Interest expense

(197 k)(548 k)(660 k)(7.7 m)(15.2 m)(15.6 m)

Interest income

188 k392 k472 k519 k278 k192 k

Pre tax profit

103.4 m2.6 m18.2 m(21 m)(9.7 m)29.7 m

Income tax expense

(15.6 m)(592 k)(13.8 m)9.9 m4 m(17.9 m)

Net Income

87.9 m2 m4.4 m(11.1 m)(5.7 m)11.8 m
USDY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

Cash

135.5 m101.7 m171.9 m299.8 m425.9 m545.5 m

Accounts Receivable

25.8 m47.4 m65.2 m

Inventories

346.9 m427.6 m430.5 m

Current Assets

1.5 b1.5 b1.5 b

PP&E

1.4 b

Goodwill

2.1 b2.1 b2.2 b

Total Assets

6.9 b6.6 b6.5 b

Accounts Payable

182.5 m205.4 m216.2 m

Total Debt

989.2 m

Current Liabilities

325.3 m373.8 m418.8 m

Total Liabilities

1.6 b

Retained Earnings

(411 m)(439.8 m)(456.4 m)

Total Equity

5 b4.9 b

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.3 x1.3 x
USDQ1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Cash

118.1 m325.6 m169.6 m851.6 m433 m469.2 m

Accounts Receivable

34.5 m25 m27.2 m31 m69.9 m78 m

Inventories

170 m363.9 m393.8 m406.7 m455.8 m437.1 m

Current Assets

755.3 m1.6 b1.3 b1.8 b1.5 b1.6 b

Goodwill

103.9 m2.1 b2.1 b2.1 b2.2 b2.2 b

Total Assets

1.2 b6.9 b6.5 b7 b6.7 b6.8 b

Accounts Payable

130.5 m206.1 m204.9 m188.5 m263.5 m323.7 m

Current Liabilities

219.8 m335.5 m355.5 m300.7 m420.3 m557.4 m

Additional Paid-in Capital

100

Retained Earnings

(417.4 m)(408.9 m)(404.5 m)(415.6 m)(445.5 m)(433.6 m)

Total Equity

6.2 b5.7 b5.5 b5 b5 b

Financial Leverage

1.1 x1.1 x1.3 x1.3 x1.4 x
USDFY, 2015FY, 2016FY, 2017

Net Income

196.3 m(28.8 m)(16.6 m)

Depreciation and Amortization

74.2 m180.4 m209.8 m

Accounts Receivable

(30.4 m)36.7 m(36.9 m)

Inventories

10.4 m(84.1 m)(6.4 m)

Accounts Payable

(30.1 m)(461 k)(1 m)

Cash From Operating Activities

127.9 m126.1 m776.8 m

Purchases of PP&E

(169.9 m)(315.6 m)(552.7 m)

Cash From Investing Activities

(63.9 m)(278.7 m)(490.5 m)

Cash From Financing Activities

(112.9 m)(282.9 m)(165.6 m)

Interest Paid

930 k2.2 m71.2 m

Income Taxes Paid

34.6 m34.9 m52.7 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Net Income

87.9 m2 m4.4 m(11.1 m)(5.7 m)11.8 m

Accounts Receivable

34.5 m25 m27.2 m31 m69.9 m78 m

Inventories

170 m363.9 m393.8 m406.7 m455.8 m437.1 m

Accounts Payable

130.5 m206.1 m204.9 m188.5 m263.5 m323.7 m
USDY, 2017

EV/CFO

12 x

Revenue/Employee

415.4 k

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.3 x

Qorvo Operating Metrics

FY, 2015FY, 2016FY, 2017

Patents Issued

1 k1.1 k1.2 k

    Qorvo Market Value History

    Qorvo Revenue Breakdown

    Market Position of Qorvo

    Competitors

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    Traffic Overview of Qorvo

    Qorvo Online and Social Media Presence

    Qorvo News and Updates

    May 12, 2017

    Seth Klarman's Baupost made a near $500 million bet (QCOM, QRVO)

    Baupost Group invested nearly half a billion dollars in semiconductor company Qorvo in the first quarter, a regulatory filing shows. The Boston-based hedge fund firm invested about $493 million in the first three months of this year, according to the firm's first-quarter 13-…

    Qorvo Company Life and Culture

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