# Qorvo, Inc. (QRVO)

> QRVO · Technology, semiconductors · United States · US GAAP · Fiscal year ends April
>
> Latest report: Q1 FY2027, the quarter ended 27 June 2026, released 28 July 2026. Snapshot FY2027Q1_802919f0.

Page: https://annalist.io/company/qorvo/

Identifiers: LEI 254900YAUJV2EUEVBR11, CIK 0001604778

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $785m | 784795000 | USD | −4.2% year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2026-06 |
| Operating income, quarter | $96.8m | 96770000 | USD | +222% year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2026-06 |
| Net income, quarter | $85.8m | 85802000 | USD | +235% year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2026-06 |
| Diluted EPS, quarter | $0.96 | 0.96 | USD/shares | +256% year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2026-06 |
| Operating margin, last 4 quarters | 13.1% | 13.1185 | % | +9.8pp year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03, 10-Q 2026-06 |
| Return on equity, last 4 quarters | 11.6% | 11.5559 | % | +9.2pp year on year | FY2027 Q1 | 2026-06-27 | 10-Q 2025-06, 10-Q 2026-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 27 June 2026 was US$785 million, 4.2% lower than in the same quarter a year earlier. [Weakened in Q1 FY2027] Sources: 10-Q 2026-06.
- Net income attributable to the company was US$86 million, 235.2% higher than in the same quarter a year earlier. [New in Q1 FY2027] Sources: 10-Q 2026-06.
- The operating margin over the last 4 quarters was 13.1%, 9.8 percentage points higher than a year earlier. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03, 10-Q 2026-06.
- Return on equity over the last 4 quarters was 11.6%, against 2.3% a year earlier. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-06, 10-Q 2026-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03, 10-Q 2024-06.
- Free cash flow over the last 4 quarters was US$650 million, and operating cash flow was 1.9 times net income attributable to the company. [Confirmed in Q1 FY2027] Sources: 10-Q 2025-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03, 10-Q 2026-06.
- Net debt was US$220 million at 27 June 2026, 0.3 times EBITDA over the last 4 quarters. [Weakened in Q1 FY2027] Sources: 10-Q 2026-06, 10-Q 2025-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03.
- Lease-adjusted debt was 1.8 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 45.4% of that debt. Both ratios are within the modest band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2026 and lease liabilities of Q4 FY2026. [Confirmed in Q1 FY2027] Sources: 10-K 2026-03, 10-Q 2026-06, 10-Q 2025-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2025-03.
- Cash, short-term investments and operating cash flow over the 4 quarters ended 29 March 2025 equalled 11.9 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in Q4 FY2025] Sources: 10-K 2026-03, 10-K 2025-03, 10-Q 2025-12, 10-Q 2025-06, 10-Q 2025-09, 10-Q 2024-09, 10-Q 2024-12.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.1% of average total assets. [Weakened in Q1 FY2027] Sources: 10-Q 2025-06, 10-Q 2026-06, 10-Q 2025-09, 10-Q 2025-12, 10-K 2026-03.
- The Altman Z'' score for fiscal 2026 was 3.71, above the safe threshold of 2.60. [Strengthened in FY2026] Sources: 10-Q 2026-06, 10-K 2026-03.
- The Beneish M-score for fiscal 2026 was minus 2.93, below the model threshold of minus 1.78. [Confirmed in FY2026] Sources: 10-K 2026-03, 10-Q 2025-12, 10-Q 2026-06.
- The Piotroski F-score for fiscal 2026 was 8 of 9. The signal not met was long-term debt to assets lower than a year earlier. [Confirmed in FY2026] Sources: 10-K 2025-03, 10-K 2026-03, 10-Q 2025-12, 10-Q 2026-06.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2026 | 2026-03-28 | Revenue | $3.7bn | 3678517000 | USD | 10-K 2026-03 |
| FY2026 | 2026-03-28 | Operating income | $411m | 411424000 | USD | 10-K 2026-03 |
| FY2026 | 2026-03-28 | Net income attributable to the company | $339m | 338989000 | USD | 10-K 2026-03 |
| FY2025 | 2025-03-29 | Revenue | $3.7bn | 3718971000 | USD | 10-K 2026-03 |
| FY2025 | 2025-03-29 | Operating income | $95.5m | 95527000 | USD | 10-K 2026-03 |
| FY2025 | 2025-03-29 | Net income attributable to the company | $55.6m | 55615000 | USD | 10-K 2026-03 |
| FY2024 | 2024-03-30 | Revenue | $3.8bn | 3769506000 | USD | 10-K 2026-03 |
| FY2024 | 2024-03-30 | Operating income | $91.7m | 91701000 | USD | 10-K 2026-03 |
| FY2024 | 2024-03-30 | Net income attributable to the company | −$70.3m | -70322000 | USD | 10-K 2026-03 |
| FY2023 | 2023-04-01 | Revenue | $3.6bn | 3569399000 | USD | 10-K 2025-03 |
| FY2023 | 2023-04-01 | Operating income | $183m | 183168000 | USD | 10-K 2025-03 |
| FY2023 | 2023-04-01 | Net income attributable to the company | $103m | 103152000 | USD | 10-K 2025-03 |
| FY2022 | 2022-04-02 | Revenue | $4.6bn | 4645714000 | USD | 10-K 2024-03 |
| FY2022 | 2022-04-02 | Operating income | $1.2bn | 1226069000 | USD | 10-K 2024-03 |
| FY2022 | 2022-04-02 | Net income attributable to the company | $1.0bn | 1033353000 | USD | 10-K 2024-03 |

## Source Documents

- 10-Q 2026-06: Form 10-Q, period ended 27 June 2026, 28 Jul 2026 (https://www.sec.gov/Archives/edgar/data/1604778/000162828026050166/rfmd-20260627.htm)
- 10-Q 2025-09: Form 10-Q, period ended 27 September 2025, 3 Nov 2025 (https://www.sec.gov/Archives/edgar/data/1604778/000162828025048253/rfmd-20250927.htm)
- 10-Q 2025-12: Form 10-Q, period ended 27 December 2025, 28 Jan 2026 (https://www.sec.gov/Archives/edgar/data/1604778/000162828026003838/rfmd-20251227.htm)
- 10-K 2026-03: Form 10-K, period ended 28 March 2026, 8 May 2026 (https://www.sec.gov/Archives/edgar/data/1604778/000162828026032873/rfmd-20260328.htm)
- 10-Q 2025-06: Form 10-Q, period ended 28 June 2025, 30 Jul 2025 (https://www.sec.gov/Archives/edgar/data/1604778/000160477825000067/rfmd-20250628.htm)
- 10-Q 2024-06: Form 10-Q, period ended 29 June 2024, 31 Jul 2024 (https://www.sec.gov/Archives/edgar/data/1604778/000160477824000063/rfmd-20240629.htm)
- 10-K 2025-03: Form 10-K, period ended 29 March 2025, 19 May 2025 (https://www.sec.gov/Archives/edgar/data/1604778/000160477825000041/rfmd-20250329.htm)
- 10-Q 2024-09: Form 10-Q, period ended 28 September 2024, 30 Oct 2024 (https://www.sec.gov/Archives/edgar/data/1604778/000160477824000082/rfmd-20240928.htm)
- 10-Q 2024-12: Form 10-Q, period ended 28 December 2024, 29 Jan 2025 (https://www.sec.gov/Archives/edgar/data/1604778/000160477825000017/rfmd-20241228.htm)
- 10-K 2024-03: Form 10-K, period ended 30 March 2024, 20 May 2024 (https://www.sec.gov/Archives/edgar/data/1604778/000160477824000036/rfmd-20240330.htm)

## Reliability

- 293 checks compare these figures with other official figures; 0 failed.
- 1 value is withheld because the filings do not prove it; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/qorvo/snapshots.json

## Cite

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## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/qorvo/snapshots/FY2027Q1_802919f0/info.json)
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- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/qorvo/snapshots/FY2027Q1_802919f0/pl_annual.csv)
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- [Cash flow, quarterly (CSV)](https://annalist.io/api/v1/companies/qorvo/snapshots/FY2027Q1_802919f0/cf_quarterly.csv)
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## Peers

- [Cirrus Logic, Inc.](https://annalist.io/company/cirrus-logic/brief.md)
- [Texas Instruments Incorporated](https://annalist.io/company/texas-instruments/brief.md)
- [QUALCOMM Incorporated](https://annalist.io/company/qualcomm/brief.md)
- [Side by side](https://annalist.io/compare/?c=qorvo,cirrus-logic,texas-instruments,qualcomm)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.