Qorvo market cap is $17.2 b, and annual revenue was $4.02 b in FY 2021

Qorvo Gross profit (Q1, 2022)546.2 M

Qorvo Gross profit margin (Q1, 2022), %49.2%

Qorvo Net income (Q1, 2022)285.6 M

Qorvo EBIT (Q1, 2022)297.1 M

Qorvo Cash, 03-Jul-20211.2 B

Qorvo EV17.7 B

Qorvo revenue was $4.02 b in FY, 2021 which is a 24% year over year increase from the previous period.

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: 6.2% from Taiwan, 39.3% from China, 40.6% from United States, 9.1% from Other Asia and 4.8% from Other

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Revenue | 3.1b | 3.2b | 4.0b |

| 4% | 5% | 24% |

## Cost of goods sold | 1.9b | 1.9b | 2.1b |

## Gross profit | 1.2b | 1.3b | 1.9b |

| 39% | 41% | 47% |

## R&D expense | 450.5m | 484.4m | 570.4m |

## General and administrative expense | 476.1m | 343.6m | 367.2m |

## Operating expense total | 978.7m | 898.5m | 976.9m |

## EBIT | 216.5m | 423.2m | 906.6m |

| 7% | 13% | 23% |

## Interest expense | 44.0m | 60.4m | 75.2m |

## Interest income | 11.0m | 12.1m | |

## Pre tax profit | 91.8m | 395.1m | 807.4m |

## Income tax expense | (41.3m) | 60.8m | 73.8m |

## Net Income | 133.1m | 334.3m | 733.6m |

## EPS | 1.1 | 2.8 | 6.3 |

USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Revenue | 775.6m | 806.7m | 869.1m | 787.5m | 1.1b | 1.1b | 1.1b |

## Cost of goods sold | 481.3m | 483.1m | 501.0m | 461.7m | 568.7m | 557.1m | 564.2m |

## Gross profit | 294.3m | 323.6m | 368.1m | 325.8m | 491.6m | 537.8m | 546.2m |

| 38% | 40% | 42% | 41% | 46% | 49% | 49% |

## R&D expense | 118.9m | 115.6m | 122.9m | 130.1m | 156.3m | 136.7m | 152.1m |

## General and administrative expense | 89.0m | 88.3m | 81.2m | 86.6m | 109.4m | 93.1m | 90.3m |

## Operating expense total | 239.1m | 210.8m | 215.0m | 233.1m | 269.9m | 238.5m | 249.1m |

## EBIT | 55.2m | 112.8m | 153.1m | 92.7m | 221.6m | 299.2m | 297.1m |

| 7% | 14% | 18% | 12% | 21% | 27% | 27% |

## Interest expense | 11.9m | 12.7m | 16.9m | 18.8m | 23.5m | 17.5m | 15.3m |

## Interest income | 2.9m | 2.3m | 2.9m | 1.2m | 1.3m | 467.0k | |

## Pre tax profit | 45.2m | 102.1m | 183.2m | 97.0m | 200.1m | 223.5m | 298.6m |

## Income tax expense | 5.7m | 19.0m | 21.8m | 78.0k | 63.2m | 22.5m | 13.0m |

## Net Income | 39.5m | 83.0m | 161.4m | 96.9m | 136.9m | 201.0m | 285.6m |

## EPS | 0.3 | 0.7 | 1.4 | 0.8 | 1.2 | 1.7 | 2.5 |

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Cash | 711.0m | 714.9m | 1.4b |

## Accounts Receivable | 378.2m | 367.2m | 457.4m |

## Prepaid Expenses | 25.8m | 37.9m | 41.6m |

## Inventories | 511.8m | 517.2m | 507.8m |

## Current Assets | 1.7b | 1.7b | 2.5b |

## PP&E | 1.4b | 1.3b | 1.3b |

## Goodwill | 2.2b | 2.6b | 2.6b |

## Total Assets | 5.8b | 6.6b | 7.2b |

## Accounts Payable | 233.3m | 247.0m | 313.9m |

## Short-term debt | 6.9m | 5.1m | |

## Current Liabilities | 435.6m | 539.0m | 681.6m |

## Long-term debt | 919.3m | 1.6b | 1.7b |

## Total Debt | 919.3m | 1.6b | 1.7b |

## Total Liabilities | 1.4b | 2.3b | 2.6b |

## Common Stock | 4.7b | 4.3b | 4.2b |

## Retained Earnings | (321.2m) | 355.0m | |

## Total Equity | 4.4b | 4.3b | 4.6b |

## Debt to Equity Ratio | 0.2 x | 0.4 x | 0.4 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x |

## Financial Leverage | 1.3 x | 1.5 x | 1.6 x |

USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Net Income | 133.1m | 334.3m | 733.6m |

## Depreciation and Amortization | 663.1m | 468.9m | 456.1m |

## Accounts Receivable | (32.1m) | 21.0m | (91.3m) |

## Inventories | (39.6m) | 10.3m | 9.4m |

## Accounts Payable | 15.2m | 15.4m | 34.2m |

## Cash From Operating Activities | 810.4m | 945.6m | 1.3b |

## Purchases of PP&E | (220.9m) | (164.1m) | (187.0m) |

## Cash From Investing Activities | (247.6m) | (1.1b) | (218.7m) |

## Long-term Borrowings | (1.1b) | (1.1b) | |

## Cash From Financing Activities | (776.7m) | 165.6m | (401.9m) |

## Net Change in Cash | (215.0m) | 4.2m | 682.7m |

## Interest Paid | 64.9m | 54.4m | 81.2m |

## Income Taxes Paid | 69.5m | 55.5m | 53.2m |

USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|

## Net Income | 39.5m | 122.6m | 283.9m | 96.9m | 233.8m | 434.9m | 285.6m |

## Depreciation and Amortization | 122.3m | 233.5m | 350.2m | 122.1m | 245.3m | 370.1m | 89.8m |

## Accounts Receivable | 57.3m | (21.0m) | (25.2m) | 41.0m | (118.0m) | (140.1m) | (35.8m) |

## Inventories | 6.4m | 41.9m | 44.9m | (7.4m) | 41.8m | 38.9m | (60.3m) |

## Accounts Payable | 7.6m | (4.2m) | 41.7m | (35.3m) | 16.2m | 35.6m | 54.4m |

## Cash From Operating Activities | 257.1m | 430.5m | 731.3m | 214.3m | 495.2m | 898.9m | 341.6m |

## Purchases of PP&E | (50.3m) | (88.3m) | (129.0m) | (29.8m) | (73.4m) | (109.5m) | (65.2m) |

## Cash From Investing Activities | (342.1m) | (387.3m) | (623.1m) | (23.3m) | (111.3m) | (141.3m) | (228.0m) |

## Long-term Borrowings | (1.2m) | (100.0m) | (1.1b) | (1.2m) | |||

## Cash From Financing Activities | 3.9m | (166.3m) | 279.1m | 229.8m | 900.4m | (240.9m) | (311.4m) |

## Net Change in Cash | (81.4m) | (124.1m) | 386.8m | 421.3m | 1.3b | 519.3m | (197.8m) |

USD | FY, 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 |