Qorvo is a semiconductor company that designs, manufactures and supplies radio-frequency systems and solutions for applications that drive wireless and broadband communications. The Company serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks, and defense radar and communications.

Type
Public
HQ
Greensboro, US
Founded
2015
Size (employees)
8,600 (est)
Website
qorvo.com
Qorvo was founded in 2015 and is headquartered in Greensboro, US
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Key People/Management at Qorvo

Robert Bruggeworth

Robert Bruggeworth

CEO
Mark Murphy

Mark Murphy

CFO
Steven Creviston

Steven Creviston

President of Mobile Products
Jamie Flinchbaugh

Jamie Flinchbaugh

Corporate Vice President, Qorvo's Lean Journey
Brandi Frye

Brandi Frye

Corporate Vice President of Marketing
Gary Grant

Gary Grant

Corporate Vice President of Quality
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Qorvo Office Locations

Qorvo has offices in München, Reading, Utrecht, Nürnberg and in 33 other locations
Greensboro, US (HQ)
7628 Thorndike Rd
Apopka, US
1818 S Orange Blossom Trail
Bend, US
63140 Britta St
Brooksville, US
6036 Nature Coast Blvd
Broomfield, US
303 S Technology Ct
Chandler, US
1 6825 W Galveston St
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Qorvo Financials and Metrics

Qorvo Financials

Qorvo's revenue was reported to be $2.97 b in FY, 2018
USD

Revenue (FY, 2018)

3 b

Gross profit (FY, 2018)

1.1 b

Gross profit margin (FY, 2018), %

38.6%

Net income (FY, 2018)

(40.3 m)

EBIT (FY, 2018)

70.3 m

Market capitalization (22-Jun-2018)

10.4 b

Closing share price (22-Jun-2018)

82.1

Cash (31-Mar-2018)

926 m

EV

10.4 b
Qorvo's current market capitalization is $10.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.7 b2.6 b3 b3 b

Revenue growth, %

53%16%

Cost of goods sold

1 b1.6 b1.8 b

Gross profit

689.3 m1 b1.1 b
Quarterly
USDQ1, 2015Q3, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2016Q1, 2017Q3, 2018

Revenue

397.1 m708.3 m673.6 m864.7 m620.7 m698.5 m640.8 m2.3 b

Cost of goods sold

206.4 m423.5 m394.1 m547.9 m389.7 m422.1 m404.5 m1.4 b

Gross profit

190.7 m284.8 m279.5 m316.8 m231 m276.5 m236.4 m894.3 m

Gross profit Margin, %

48%40%41%37%37%40%37%39%
Annual
usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

135.5 m101.7 m171.9 m299.8 m425.9 m545.5 m926 m

Accounts Receivable

25.8 m47.4 m65.2 m

Inventories

346.9 m427.6 m430.5 m472.3 m

Current Assets

1.5 b1.5 b1.5 b1.8 b
Quarterly
USDQ1, 2015Q3, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2016Q1, 2017Q3, 2018

Cash

118.1 m169.6 m325.6 m469.2 m851.6 m433 m512.6 m841.3 m

Accounts Receivable

34.5 m27.2 m25 m78 m31 m69.9 m41.7 m

Inventories

170 m393.8 m363.9 m437.1 m406.7 m455.8 m470.9 m422.9 m

Current Assets

755.3 m1.3 b1.6 b1.6 b1.8 b1.5 b1.5 b1.8 b
Annual
usdFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

196.3 m(28.8 m)(16.6 m)(40.3 m)

Depreciation and Amortization

74.2 m180.4 m209.8 m174.4 m

Inventories

10.4 m(84.1 m)(6.4 m)(41.9 m)

Accounts Payable

(30.1 m)(461 k)(1 m)39 m
Quarterly
USDQ3, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2016Q3, 2018

Net Income

87.9 m4.4 m2 m11.8 m(11.1 m)(5.7 m)(27.8 m)

Depreciation and Amortization

132.9 m

Inventories

170 m393.8 m363.9 m437.1 m406.7 m455.8 m7 m

Accounts Payable

130.5 m204.9 m206.1 m323.7 m188.5 m263.5 m(338 k)
USDY, 2018

EV/EBIT

148.5 x

EV/CFO

12.2 x

Revenue/Employee

345.8 k

Financial Leverage

1.3 x
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Qorvo Operating Metrics

FY, 2015FY, 2016FY, 2017

Patents Issued

1 k1.10 k1.20 k
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Qorvo Revenue Breakdown

Embed Graph

Qorvo revenue breakdown by business segment: 21.3% from Infrastructure and Defense Products and 78.7% from Mobile Products

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Qorvo Online and Social Media Presence

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Qorvo News and Updates

Increasing Demand for Contactless PoS Terminals Market CAGR of +26% by 2022: Challenges, Standardization, Competitive Market Share, Operator Case Studies And Key Players Like Atmel, Qorvo, NXP Semiconductors, Raytheon, Reutech Communications, Silicon Labo

This market research report analyzes the key players in the global contactless PoS terminals market such as Ingenico, PAX Technology, SZZT Electronics, and Verifone Systems. The report also presents a competitive analysis of the market by end-user (retail and hospitality) and by geography (the Ameri…

Video: Qorvo® Introduces RF Fusion™ Front End Module Solution with Breakthrough Functional Integration

RF Fusion delivers enhanced performance, extends battery life, reduces phone board layout requirements and accelerates time-to-market.

Qorvo® RF Fusion™ Helps Microsoft Surface Pro with LTE Advanced Stay Connected

The highly integrated RF front-end solution delivers global LTE coverage.
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