Qorvo
- Revenue$4.6 BFY, 2022
- Market Capitalization$11.3 B2022-08-01
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.
| Type | Public | |
| Founded | 2015 | |
| HQ | Greensboro, NC, US | Map |
| Website | qorvo.com | |
| Employee Ratings | ||
| Overall Culture | B+ | More |
Recent NewsAll News
Key People/Management at Qorvo
Robert Bruggeworth
Chief Executive Officer
Debra Howard
Chief Human Resources Officer and Corporate Vice President
Grant Brown
Interim Chief Financial Officer
Eric Creviston
President of Mobile Products
Philip Chesley
President of Infrastructure and Defense Products
Paul Fego
Corporate Vice President of Global Operations
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
Qorvo Financials and Metrics
Qorvo Revenue
Qorvo's revenue was reported to be $4.65 b in FY, 2022
| USD | |
|---|---|
Revenue (FY, 2022) | 4.6b |
Gross profit (FY, 2022) | 2.3b |
Net income (FY, 2022) | 1.0b |
EBIT (FY, 2022) | 1.2b |
Market capitalization (1-Aug-2022) | 11.3b |
Closing stock price (1-Aug-2022) | 102.8 |
Cash (2-Apr-2022) | 972.6m |
Qorvo's current market capitalization is $11.3 b.
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 775.6m | 806.7m | 869.1m | 787.5m | 1.1b | 1.1b | 1.1b | 1.3b | 1.1b |
Cost of goods sold | 481.3m | 483.1m | 501.0m | 461.7m | 568.7m | 557.1m | 564.2m | 633.7m | 565.9m |
Gross profit | 294.3m | 323.6m | 368.1m | 325.8m | 491.6m | 537.8m | 546.2m | 621.6m | 548.1m |
Gross profit Margin, % | 38% | 40% | 42% | 41% | 46% | 49% | 49% | 50% | 49% |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 629.6m | 586.8m | 1.1b | 1.1b | 2.0b | 1.2b | 1.2b | 1.2b | 1.2b | 988.5m |
Accounts Receivable | 326.7m | 405.1m | 409.8m | 326.0m | 485.1m | 507.1m | 495.6m | 662.8m | 662.8m | 632.3m |
Prepaid Expenses | 31.9m | 27.3m | 27.1m | 43.8m | 42.2m | 42.8m | 39.4m | 49.3m | 49.3m | 44.4m |
Inventories | 517.8m | 485.3m | 479.9m | 523.7m | 476.8m | 479.3m | 570.1m | 597.6m | 597.6m | 710.2m |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 39.5m | 122.6m | 283.9m | 96.9m | 233.8m | 434.9m | 285.6m | 604.8m | 604.8m | 821.1m |
Depreciation and Amortization | 122.3m | 233.5m | 350.2m | 122.1m | 245.3m | 370.1m | 89.8m | 179.2m | 179.2m | 271.6m |
Inventories | 6.4m | 41.9m | 44.9m | (7.4m) | 41.8m | 38.9m | (60.3m) | (87.1m) | (87.1m) | (190.2m) |
Accounts Payable | 7.6m | (4.2m) | 41.7m | (35.3m) | 16.2m | 35.6m | 54.4m | 242.6m | 242.6m | 42.8m |
| USD | FY, 2019 |
|---|---|
Revenue/Employee | 381.5k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.2 x |
Financial Leverage | 1.3 x |
Qorvo Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| United Silicon Carbide | November 03, 2021 | |
| NextInput Inc, | April 05, 2021 | $173.4 m |
| 7Hugs Labs SAS | October 01, 2020 | $48.7 m |
| DecaWave | January 30, 2020 | $400 m |
| Cavendish Kinetics | October 07, 2019 | |
| Active-Semi International Inc. | April 10, 2019 | |
| GreenPeak Technologies | April 18, 2016 | |
| RF Micro Devices | February 24, 2014 | |
| TriQuint Semiconductor | February 24, 2014 | |
| Active-Semi (BVI), Inc. |
Qorvo Revenue Breakdown
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: 39.3% from China, 9.1% from Other Asia, 6.2% from Taiwan, 40.6% from United States and 4.8% from Other
Qorvo Cybersecurity Score
Qorvo Environment, Social & Governance (ESG) Ratings
Qorvo Online and Social Media Presence
3.12k Twitter followers
Qorvo has 3.12k Twitter Followers. The number of followers has increased 0.6% month over month and increased 2.3% quarter over quarter
Qorvo's Trends
Twitter Engagement Stats for @QorvoInc
2.9k
Tweets
342
Following
3.1k
Followers
21
Tweets last 30 days
2.6
Avg. likes per Tweet
95.2%
Tweets with engagement
Qorvo Company Culture
Overall Culture
B+
73/100
CEO Rating
B
70/100
Compensation
B
72/100
Diversity
B+
76/100
Qorvo News and Updates
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…
June 17, 2022
Qorvo® Delivers Next Generation PA Modules for 5G Designs
Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced the QPA3908 and QPA3810, two Gallium Nitride (GaN) 8 Watt Power Amplifier Modules (PAMs) that offer a combination of high performance and a significantly smaller footprint than traditional di…
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.
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