← Qorvo, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Revenue $3.0b $3.0b $3.1b $3.2b $4.0b $4.6b $3.6b $3.8b $3.7b $3.7b
Cost of goods sold $1.9b $1.8b $1.9b $1.9b $2.1b $2.4b $2.3b $2.3b $2.2b $2.0b
Gross profit $1.1b $1.1b $1.2b $1.3b $1.9b $2.3b $1.3b $1.5b $1.5b $1.7b
Research and development $470.8m $445.1m $450.5m $484.4m $570.4m $623.6m $649.8m $682.2m $747.7m $726.1m
Total operating expenses $1.0b $1.1b $978.7m $898.5m $976.9m $1.1b $1.1b $1.4b $1.4b $1.3b
Operating income $88.1m $70.3m $216.5m $423.2m $906.6m $1.2b $183.2m $91.7m $95.5m $411.4m
Intangible Asset, Including Goodwill, Impairment Loss — — — — — — $12.4m $221.4m $192.6m $82.4m
Other income, net ($3.1m) ($606k) ($91.7m) $20.2m ($24.0m) $18.3m $9.9m $51.1m $48.7m $60.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total — — — — — $1.2b $124.6m $73.6m $65.9m $398.3m
Net income (loss) ($16.6m) ($40.3m) $133.1m $334.3m $733.6m $1.0b $103.2m ($70.3m) $55.6m $339.0m
Basic net (loss) income per share ($0.13) ($0.32) $1.07 $2.86 $6.43 ($9.38) ($1.01) $0.72 ($0.59) ($3.66)
Diluted ($0.13) ($0.32) $1.05 $2.80 $6.32 $9.26 $1.00 ($0.72) $0.58 $3.62
Basic ($0.13) ($0.32) $1.07 $2.86 $6.43 $9.38 $1.01 ($0.72) $0.59 $3.66
Selling and Marketing Expense — — — — — — $210.7m $217.3m $231.9m $215.5m
General and Administrative Expense — — — — — — $148.1m $171.9m $171.7m $165.2m
Other Cost and Expense, Operating — $103.8m $52.2m $70.6m $39.3m $86.7m $105.1m $104.0m $96.2m $87.5m
Interest expense ($58.9m) ($59.5m) ($44.0m) ($60.4m) ($75.2m) ($63.3m) ($68.5m) ($69.2m) ($78.3m) ($73.1m)
Income tax expense ($43.9m) ($57.4m) $41.3m $60.8m $73.8m $147.7m $21.5m $143.9m ($10.3m) ($59.3m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.