Qorvo (QRVO) delivered earnings and revenue surprises of 18.26% and 4.77%, respectively, for the quarter ended June 2019. Qorvo annual revenue for 2020 was $3.239B, a 4.82% increase from 2019. (Annual sales and employees) What industry is the company in? Learn about our cutting-edge foundry technologies! Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo's indebtedness by reflecting cash and investments that could be used to repay debt. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. (B) Shares Outstanding: -6% decrease from 2019 to 2020 Shares Outstanding - % Change QUALCOMM annual revenue for 2018 was $22.611B, a 1.59% increase from 2017. Recession Risk Fiscal year is April-March. Source: FactSet. All other trademarks are the property of their respective owners. All values USD Millions. 2020 ) + 787.451 (Jun. See insights on Qorvo including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Non-GAAP operating income and operating margin. Recession Risk Our earnings release contains forward-looking gross margin, income tax rate and diluted earnings per share. The playback will be available through the close of business May 14, 2019. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Qorvo's revenues are gauged from an analysis of company filings. 2020 2019 2018 2017 2016 5-year trend; Net Income before Extraordinaries----- Qorvo's current Enterprise Value is $17,342 Mil. Qorvo, Inc. (NASDAQ:QRVO) Q3 2019 Earnings Conference Call - Final Transcript Good day, everyone, and welcome to the Qorvo Incorporated Q3 2019 Conference Call. 2020 ) + 1060.292 (Sep. 2020 ) = $3,505 Mil. We believe that presentation of measures of these operating expenses that exclude amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. In depth view into Qorvo Revenue Per Employee (Annual) including historical data from 2015, charts, stats and industry comps. Non-GAAP gross profit and gross margin. Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. We believe that presentation of measures of net income and net income per diluted share that exclude these items is useful to both management and investors for the reasons described above with respect to non-GAAP gross profit and gross margin and non-GAAP operating income and operating margin. GREENSBORO, NC – May 7, 2019 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2019 fourth quarter, ended March 30, 2019. Read the latest RF trends, how-to articles, design tips and more from Qorvo experts. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Management believes that this measure is useful to evaluate our ongoing operations and as a general indicator of our operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges). On a GAAP basis, revenue for Qorvo's fiscal 2019 fourth quarter was $681 million, gross margin was 39.2%, operating income was $64 million and diluted earnings per share was $0.50. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. We believe that the exclusion of this non-cash adjustment to revenue provides management and investors a more effective means of evaluating our historical performance. 2020. We forecast an even stronger start to fiscal year 2020 and currently project growth in revenue, earnings and free cash flow for full-year fiscal 2020.". {{root.upsell.info.feature_headline}}. Qorvo's current Enterprise Value is $18,872 Mil. In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains some or all of the following non-GAAP financial measures: (i) non-GAAP revenue, (ii) non-GAAP gross profit and gross margin, (iii) non-GAAP operating income and operating margin, (iv) non-GAAP net income, (v) non-GAAP net income per diluted share, (vi) non-GAAP operating expenses (research and development; selling, general and administrative), (vii) free cash flow, (viii) EBITDA, (ix) non-GAAP return on invested capital (ROIC), and (x) net debt or positive net cash. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. ET Contents: Prepared. Qorvo's GaN technology helps keep you connected and protected. Qorvo (QRVO) delivered earnings and revenue surprises of 16.92% and 6.94%, respectively, for the quarter ended September 2019. The US is the largest geographic market where almost half of the company's sales came from. Qorvo has 7,900 employees across 47 locations and $3.24 B in annual revenue in FY 2020. Explore the latest additions to our product portfolio. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. We believe disclosure of non-GAAP operating income and operating margin has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 3,239: 3,090: 2,974: 3,033: 2,611 Qorvo will conduct a conference call at 5:00 p.m. EDT today to discuss today's press release. Mobile products revenue was $667 million, a 37% sequential increase and reflected strong seasonal ramps. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, integration related costs, restructuring costs, asset impairments and the provision for income taxes. Qorvo's Revenue for the trailing twelve months (TTM) ended in Sep. 2020 was 869.073 (Dec. 2019 ) + 787.772 (Mar. In the third quarter of fiscal 2019, we expect non-GAAP revenue between $880 million and $900 million, gross margin to increase sequentially to approximately 50% … Annual stock financials by MarketWatch. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. Qorvo annual net income for 2020 was $0.334B, a 151.14% increase from 2019. (Annual sales and employees) What industry is the company in? Qorvo Revenue (Annual): 3.239B for March 31, 2020. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. The … Qorvo currently believes the demand environment in its end markets supports the following non-GAAP expectations for the June 2019 quarter: Qorvo's actual quarterly results may differ from these expectations and projections, and such differences may be material. Buy Online The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support QUALCOMM annual revenue for 2020 was $23.531B, a 3.06% decline from 2019. ", Mark Murphy, chief financial officer of Qorvo, said, "We ended our fiscal year 2019 strongly with March quarter revenue, gross margin and earnings per share well above our initial expectations. Find out the revenue, expenses and profit or loss over the last fiscal year. Qorvo Inc (NASDAQ: QRVO) Q2 2019 Earnings Conference Call Oct. 31, 2018 , 5:00 p.m. Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo’s 2019 Annual Meeting of Stockholders were approved by the stockholders. Do the numbers hold clues to what lies ahead for the stock? Next reporting date: February 3, 2021: EPS forecast (this quarter) $2.66: Annual revenue (last year) $3.2B: Annual profit (last year) $334.3M: Net profit margin 2020 ) + 1060.292 (Sep. 2020 ) = $3,505 Mil. On a non-GAAP basis, revenue for Qorvo’s fiscal 2019 fourth quarter was $681 million, gross margin was 48.2%, operating income was $167 million and diluted earnings per share was $1.22. Non-GAAP ROIC is calculated by dividing annualized non-GAAP operating income, net of an adjustment for income taxes (as described above), by average invested capital. The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. Visit www.qorvo.com to learn how Qorvo connects the world. Qorvo Revenue Est. In prior periods presented, non-GAAP revenue excludes non-cash deferred royalty revenue. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. In the third quarter of fiscal 2019, Qorvo’s revenues fell 6% sequentially and 1.7% YoY (year-over-year) to $832 million, which beat analysts’ estimate of $820 million. We believe that presentation of a measure of operating income and operating margin that excludes amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. On May 6, Qorvo completed the acquisition of Active-Semi International. Non-GAAP net income and non-GAAP net income per diluted share. Change value during other periods is calculated as the difference between the last trade and the most recent settle. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. 1 Excludes stock-based compensation, amortization of intangibles, restructuring costs, acquisition and integration related costs, non-cash deferred royalty revenue and equal and offsetting non-cash prepaid royalty amortization, start-up costs, loss (gain) on assets, asset impairment and accelerated depreciation, loss on debt extinguishment, other expense (income) and an adjustment of income taxes. Buy from an Authorized Channel Partner We believe that these non-GAAP financial measures offer an additional view of Qorvo's operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of Qorvo's results of operations and the factors and trends affecting Qorvo's business. Revenue Revenue Estimate. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. On a non-GAAP basis, revenue for Qorvo's fiscal 2019 fourth quarter was $681 million, gross margin was 48.2%, operating income was $167 million and diluted earnings per share was $1.22. See All Buying Options. Forward-looking non-GAAP measures. Notably, that's an increase of 15% over the year before. All values USD Millions. Get the detailed quarterly/annual income statement for Qorvo, Inc. (QRVO). Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. QUALCOMM revenue for the twelve months ending September 30, 2020 was $23.531B, a 3.06% decline year-over-year. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 3,239: 3,090: 2,974: 3,033: 2,611 Qorvo (QRVO) delivered earnings and revenue surprises of 18.26% and 4.77%, respectively, for the quarter ended June 2019. Non-GAAP ROIC. … Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo's gross profit and gross margins and other financial measures in comparison to prior periods. Qorvo currently believes the demand environment in its end markets supports the following non-GAAP expectations for the June 2019 quarter: Quarterly revenue in the range of $780 million to $800 million; Gross margin between 45% and 45.5%; Diluted earnings per share of $1.30 at the midpoint of guidance ... View the latest QRVO financial statements, income statements and financial ratios ... 2019. Per Share Data Qorvo ... Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020. (B) Shares Outstanding: -6% decrease from 2019 to 2020 Shares Outstanding - % Change Qorvo Revenue (Annual): 3.239B for March 31, 2020. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Image source: The Motley Fool. Also, we believe that non-GAAP financial measures provide useful supplemental information to investors and enable investors to analyze the results of operations in the same way as management. Each of these non-GAAP financial measures is either adjusted from GAAP results to exclude certain expenses or derived from multiple GAAP measures, which are outlined in the "Reconciliation of GAAP to Non-GAAP Financial Measures" tables, attached, and the "Additional Selected Non-GAAP Financial Measures and Reconciliations" tables, attached. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to operations, certain non-cash expenses and stock-based compensation expense, which may obscure trends in Qorvo's underlying performance. See insights on Qorvo including office locations, competitors, revenue, financials, executives, subsidiaries and more at … We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. Qorvo uses cookies and other technologies to enhance your experience, display customized content, secure our website and help us understand how our website is used. On a non-GAAP basis, revenue for Qorvo’s fiscal 2019 fourth quarter was $681 million, gross margin was 48.2%, operating income was $167 million and diluted earnings per share was $1.22. * All numbers are in millions except for per share data and ratio. Fiscal year is April-March. On a GAAP basis, revenue for Qorvo's fiscal 2019 fourth quarter was $681 million, gross margin was 39.2%, operating income was $64 million and diluted earnings per share was $0.50. Our journey for a better, more connected tomorrow. Free cash flow. Non-GAAP research and development and selling, general and administrative expenses. Qorvo annual net income for 2019 was $0.133B, a 430.43% decline from 2018. Qorvo annual revenue for 2018 was $2.974B , … Annual and quarterly financial reports, income statements and balance sheets for QORVO, INC. (QRVO) on MSN Money. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. Qorvo US Annual Revenue and Growth Rate. A high-level overview of Qorvo, Inc. (QRVO) stock. We're pleased to welcome the Active-Semi team to Qorvo, and we're excited to expand our product offerings and extend our reach into new high-growth power management markets. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. Period: Annual. Qorvo Annual Revenue and Growth Rate. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Qorvo net income for the twelve months ending September 30, 2020 was $0.446B, a 75.69% increase year-over-year. {{root.upsell.info.feature_description}} Please note that this feature is only available as an add-on to YCharts subscriptions. Average invested capital is calculated by subtracting the average of the beginning balance and the ending balance of current liabilities (excluding the current portion of long-term debt and other short-term financings) from the average of the beginning balance and the ending balance of net accounts receivable, inventories, other current assets, net property and equipment and a cash amount equal to seven days of quarterly revenue. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Qorvo's revenue for the second quarter was $884 million, $29 million above the midpoint of our guidance, up 28% sequentially and 8% year-over-year. For calendar 2019, analysts expect Skyworks’ revenues to fall 4.4% YoY to $3.6 billion. Qorvo, Inc. Total Revenue increased from $2,974 Mil in 2018 to $3,239 Mil in 2020, a 8.9% increase. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. View 4,000+ financial data types. Net debt or positive net cash. We believe that the majority of Qorvo's purchased intangibles are not relevant to analyzing current operations because they generally represent costs incurred by the acquired company to build value prior to acquisition, and thus are effectively part of transaction costs rather than ongoing costs of operating Qorvo's business. We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin gives management and investors a more effective means of evaluating Qorvo's historical performance and projected costs and the potential for realizing cost efficiencies. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: Kantar Media, Extraordinaries & Discontinued Operations, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. * All numbers are in millions except for per share data and ratio. All values USD Millions. EBITDA. Qorvo's Revenue for the trailing twelve months (TTM) ended in Sep. 2020 was 869.073 (Dec. 2019 ) + 787.772 (Mar. Data may be intentionally delayed pursuant to supplier requirements. Qorvo, Inc. Total Revenue increased from $2,974 Mil in 2018 to $3,239 Mil in 2020, a 8.9% increase. A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 719-457-0820 and using the passcode 1008755. We also believe that the adjustments to profit and margin related to non-cash deferred royalty revenue, non-cash prepaid royalty amortization and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore the exclusion of these items provides management and investors with better visibility into the actual revenue and actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. The income tax adjustment primarily represents the use of research and development tax credit carryforwards, deferred tax expense (benefit) items not affecting taxes payable, adjustments to the one time deemed repatriation of historical foreign earnings enacted as part of the U.S. Tax Cuts and Jobs Act, non-cash expense (benefit) related to uncertain tax positions and other items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. Return on invested capital (ROIC) is a non-GAAP financial measure that management believes provides useful supplemental information for management and the investor by measuring the effectiveness of our operations' use of invested capital to generate profits. Medtronic PLC Annual stock financials by MarketWatch. See the more detailed financial information for Qorvo, including reconciliation of GAAP and non-GAAP financial information, attached. GREENSBORO, N.C., Aug. 06, 2019 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo… We use ROIC to track how much value we are creating for our shareholders. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo executed well in the March quarter, and we are poised to benefit from multiple long-term growth trends, including 5G, IoT, and the proliferation of GaN. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, start-up costs, certain non-cash expenses, loss on debt extinguishment, other expense (income) and also reflect an adjustment of income taxes. QORVO, INC. company earnings calendar and analyst expectations - Upcoming and past events | London Stock Exchange: 0KSJ | London Stock Exchange GREENSBORO, NC – May 7, 2019 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2019 fourth quarter, ended March 30, 2019. Qorvo Inc (NASDAQ: QRVO) Q2 2019 Earnings Conference Call Oct. 31, 2018 , 5:00 p.m. We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently. Find out the revenue, expenses and profit or loss over the last fiscal year. Qorvo’s revenues are expected to rise 1.7% YoY to $3.1 billion. * All numbers are in millions except for per share data and ratio. It has operations in the US, Costa Rica, China, and Germany. Find detailed stats on Qorvo revenue on Craft. Management believes that this measure is useful as an indicator of our ability to service our debt, meet other payment obligations and make strategic investments. In managing Qorvo's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.