Qorvo

  • Revenue$4.6 BFY, 2022
  • Market Capitalization$11.1 B2022-08-04

OverviewSuggest Edit

Qorvo is a provider of core technologies and radio frequency (RF) solutions. It offers amplifiers, control products, discrete transistors, filters and duplexers, frequency converters and sources, integrated products, optical, passives, power management, switches, wireless connectivity, and other products. The company caters to the mobile, infrastructure, defense and aerospace, and internet of things markets.
TypePublic
Founded2015
HQGreensboro, NC, USMap
Websiteqorvo.com
Employee Ratings4
Overall CultureB+More
View Jobs (331)

Recent NewsAll News

Latest Updates

Employees (est.) (Apr 2022)8,900(+6%)
Job Openings331
Revenue (FY, 2022)$4.6 B(+16%)
Share Price (Aug 2022)$108.6(+2%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Qorvo

Robert Bruggeworth

Robert Bruggeworth

Chief Executive Officer
Debra Howard

Debra Howard

Chief Human Resources Officer and Corporate Vice President
Grant Brown

Grant Brown

Interim Chief Financial Officer
Eric Creviston

Eric Creviston

President of Mobile Products
Philip Chesley

Philip Chesley

President of Infrastructure and Defense Products
Paul Fego

Paul Fego

Corporate Vice President of Global Operations
Show more

Qorvo Office Locations

Qorvo has offices in Greensboro, Apopka, Bend, Chandler and in 39 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 (50)

Qorvo Financials and Metrics

Qorvo Revenue

Embed Graph
View revenue for all periods
Qorvo's revenue was reported to be $4.65 b in FY, 2022
USD

Revenue (Q1, 2023)

1.0b

Gross profit (Q1, 2023)

375.3m

Gross profit margin (Q1, 2023), %

36.2%

Net income (Q1, 2023)

68.9m

EBIT (Q1, 2023)

101.9m

Market capitalization (4-Aug-2022)

11.1b

Closing stock price (4-Aug-2022)

108.6

Cash (2-Jul-2022)

858.8m

EV

12.3b
Qorvo's current market capitalization is $11.1 b.
Annual
USDFY, 2020FY, 2021FY, 2022

Revenue

3.2b4.0b4.6b

Revenue growth, %

5%24%

Cost of goods sold

1.9b2.1b2.4b

Gross profit

1.3b1.9b2.3b
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Revenue

787.5m1.1b1.1b1.1b1.3b1.1b1.0b

Cost of goods sold

461.7m568.7m557.1m564.2m633.7m565.9m660.1m

Gross profit

325.8m491.6m537.8m546.2m621.6m548.1m375.3m

Gross profit Margin, %

41%46%49%49%50%49%36%
show all
Annual
USDFY, 2020FY, 2021FY, 2022

Cash

714.9m1.4b972.6m

Accounts Receivable

367.2m457.4m568.9m

Prepaid Expenses

37.9m41.6m49.8m

Inventories

517.2m507.8m755.7m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q2, 2022Q3, 2022Q1, 2023

Cash

1.1b2.0b1.2b1.2b1.2b1.2b988.5m858.8m

Accounts Receivable

326.0m485.1m507.1m495.6m662.8m662.8m632.3m535.4m

Prepaid Expenses

43.8m42.2m42.8m39.4m49.3m49.3m44.4m49.6m

Inventories

523.7m476.8m479.3m570.1m597.6m597.6m710.2m847.4m
show all
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Net Income

133.1m334.3m733.6m1.0b

Depreciation and Amortization

663.1m468.9m456.1m361.4m

Inventories

(39.6m)10.3m9.4m(236.2m)

Accounts Payable

15.2m15.4m34.2m34.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q2, 2022Q3, 2022

Net Income

39.5m122.6m283.9m96.9m233.8m434.9m285.6m604.8m604.8m821.1m

Depreciation and Amortization

122.3m233.5m350.2m122.1m245.3m370.1m89.8m179.2m179.2m271.6m

Inventories

6.4m41.9m44.9m(7.4m)41.8m38.9m(60.3m)(87.1m)(87.1m)(190.2m)

Accounts Payable

7.6m(4.2m)41.7m(35.3m)16.2m35.6m54.4m242.6m242.6m42.8m
show all
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

Qorvo Acquisitions / Subsidiaries

Company NameDateDeal Size
United Silicon CarbideNovember 03, 2021
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.
Show more

Qorvo Revenue Breakdown

Embed Graph

Qorvo revenue breakdown by business segment: 76.3% from Mobile Products and 23.7% from Infrastructure and Defense Products

Qorvo revenue breakdown by geographic segment: 5.4% from Europe, 41.5% from United States, 32.3% from China, 7.4% from Taiwan and 13.4% from Other Asia

Qorvo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
SecurityScorecard logo

Qorvo Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
CSRHub logo

Qorvo Online and Social Media Presence

Qorvo's Trends

Embed Graph

Qorvo Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    B

    70/100

  • Compensation

    B

    72/100

  • Diversity

    B+

    76/100

Learn more on Comparably

Qorvo News and Updates

August 03, 2022

Qorvo stock rallies on earnings beat

Qorvo Inc. shares rallied in the extended session Wednesday after the semiconductor company topped Wall Street estimates for the quarter. Qorvo shares rallied more than 7% after hours, following a 3.6% gain in the regular session to close at $106.87. The company reported fiscal first-quarter net in…
July 20, 2022

Qorvo® UWB Solutions Certified for Apple U1 Interoperability

Certification Accelerates Development of Commercial UWB Accessories for iPhone and Apple Watch Certification Accelerates Development of Commercial UWB Accessories for iPhone and Apple Watch
July 20, 2022

Qorvo® to Webcast Quarterly Earnings Conference Call on August 3, 2022

GREENSBORO, N.C., July 20, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2023 first quarter financial results on Wednesday, August 3, 2022, at 5:00 p.m. (ET). The conference call wi…
July 11, 2022

Cowen downgrades chip stock Qorvo as demand for smartphone slows

Weakening demand for Androids, particularly in China, is pushing the analyst's near-term estimates below consensus.
June 22, 2022

MaxLinear Teams with Qorvo to Enable High-Efficiency Power Amplifiers for Massive MIMO Radio Solution

CARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear Inc. (NASDAQ: MXL) and Qorvo (NASDAQ: QRVO) today announced a combined solution that addresses the critical challenges for 32x32 and 64x64 massive MIMO radios – the size, weight and power consumption. This solution reduces the radio's power, weight and v…
June 20, 2022

Qorvo® Expands Portfolio of Highly Efficient Power Amplifiers for Radar Applications

Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two market-leading power amplifiers offering superior power-added efficiency for radar systems. Qorvo's new QPA2935 is a 2-Watt S-Band MMIC power amplifier and QPA0506 is a 4-Watt C-Band MMI…
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, Debra Howard and Grant Brown.

  • How many employees does Qorvo have?

    Qorvo has 8,900 employees.

  • What is Qorvo revenue?

    Latest Qorvo annual revenue is $4.6 b.

  • What is Qorvo revenue per employee?

    Latest Qorvo revenue per employee is $522 k.

  • Who are Qorvo competitors?

    Competitors of Qorvo include Analog Devices, 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 39 other locations.

  • How many offices does Qorvo have?

    Qorvo has 50 offices.