Qorvo, Inc.

QRVO 10-K · FY 2026

QRVO FY 2026 request

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Income Statement

Income Statement
Metric FY 2026 FY 2025 YoY
Revenue 3,678,517 3,718,971 -1.1%
Show Business Segments breakouts
ACG · Operating Segments 2,551,206 2,609,189 -2.2%
CSG · Operating Segments 421,654 472,521 -10.8%
HPA · Operating Segments 705,657 637,261 +10.7%
Show Geography breakouts
CN 474,870 620,423 -23.5%
Europe 98,284 85,858 +14.5%
Other Asia 431,862 444,352 -2.8%
TW 357,739 341,161 +4.9%
US 2,315,762 2,227,177 +4.0%
Cost of Revenue 1,990,415 2,183,382 -8.8%
Show Business Segments breakouts
ACG · Operating Segments 1,363,621 1,456,799 -6.4%
CSG · Operating Segments 243,521 293,664 -17.1%
HPA · Operating Segments 272,528 288,847 -5.6%
Gross Profit 1,688,102 1,535,589 +9.9%
Research & Development 726,122 747,709 -2.9%
Show Business Segments breakouts
ACG · Operating Segments 390,596 406,776 -4.0%
CSG · Operating Segments 127,491 135,580 -6.0%
HPA · Operating Segments 150,955 151,139 -0.1%
Sales & Marketing 215,485 231,912 -7.1%
Show Business Segments breakouts
ACG · Operating Segments 55,532 61,654 -9.9%
CSG · Operating Segments 69,722 76,583 -9.0%
HPA · Operating Segments 65,581 63,006 +4.1%
General & Administrative 165,189 171,712 -3.8%
Show Business Segments breakouts
ACG · Operating Segments 74,105 81,513 -9.1%
CSG · Operating Segments 23,173 22,536 +2.8%
HPA · Operating Segments 27,237 25,374 +7.3%
Goodwill And Intangible Asset Impairment 82,369 192,569 -57.2%
Show Consolidation Items breakouts
Corporate Non Segment -82,369 -192,569 +57.2%
Other Cost And Expense Operating 87,513 96,160 -9.0%
Show Statement Operating Activities Segment breakouts
Business Transformation Cost 860 14,933 -94.2%
Deferred Compensation Share Based Payments 9,266 2,815 +229.2%
Merger-related costs 23,475
Other Operating Expense (Income) [Domain] 2,024 17,600 -88.5%
Other Restructuring 36,905 60,345 -38.8%
Start-up Costs 14,983 467 +3108.4%
Operating Expenses 1,276,678 1,440,062 -11.3%
Operating Income 411,424 95,527 +330.7%
Show Business Segments breakouts
ACG · Operating Segments 667,352 602,447 +10.8%
CSG · Operating Segments -42,253 -55,842 +24.3%
HPA · Operating Segments 189,356 108,895 +73.9%
Show Consolidation Items breakouts
Operating Segments 814,455 655,500 +24.2%
Interest Expense -73,134 -78,328 +6.6%
Other Non-Operating Income (Expense) 59,983 48,700 +23.2%
Income Before Taxes 398,273 65,899 +504.4%
Income Tax Expense (Benefit) -59,284 -10,284 -476.5%
Net Income 338,989 55,615 +509.5%
Show Equity Components breakouts
Retained Earnings 338,989 55,615 +509.5%
EPS (Basic) -3.66 -0.59 -520.3%
EPS (Diluted) -3.62 -0.58 -524.1%
Wtd Avg Shares (Basic) 92,592 94,586 -2.1%
Wtd Avg Shares (Diluted) 93,547 95,450 -2.0%
Comprehensive Income 348,063 55,699 +524.9%

Balance Sheet

Balance Sheet
Metric FY 2026 FY 2025 YoY
Current Assets
Cash & Cash Equivalents 1,219,015 1,021,176 +19.4%
Accounts Receivable 382,509 386,719 -1.1%
Inventory 553,718 640,992 -13.6%
Prepaid Expense Current 36,724 32,808 +11.9%
Other Receivables Net Current 16,172 11,023 +46.7%
Other Assets Current 98,176 74,557 +31.7%
Total Current Assets 2,306,314 2,167,275 +6.4%
Property, Plant & Equipment 710,392 801,895 -11.4%
Show Geography breakouts
Other Countries [Member] · Property Plant And Equipment 60,052 76,275 -21.3%
US · Property Plant And Equipment 650,340 725,620 -10.4%
Goodwill 2,353,226 2,389,741 -1.5%
Show Business Segments breakouts
ACG 1,715,960 1,715,960 0.0%
CSG 215,802 252,317 -14.5%
HPA 421,464 421,464 0.0%
Intangible Assets Net Excluding Goodwill 121,506 273,478 -55.6%
Long Term Investments 16,295 23,433 -30.5%
Other Non-Current Assets 317,857 277,309 +14.6%
Total Assets 5,825,590 5,933,131 -1.8%
Non-Current Assets
Operating Lease Right-of-Use Assets 52,397 58,511 -10.4%
Current Liabilities
Accounts Payable 242,870 260,663 -6.8%
Accrued Liabilities 248,160 287,981 -13.8%
Other Liabilities Current 221,727 234,538 -5.5%
Total Current Liabilities 712,757 783,182 -9.0%
Long-Term Debt 1,549,154 1,549,215 -0.0%
Show Long-Term Debt Type breakouts
3.375% Senior Notes due 2031 700,000 700,000 0.0%
Senior Notes Due 2029 4.375% [Member] 850,000 850,000 0.0%
Other Non-Current Liabilities 219,380 208,422 +5.3%
Total Liabilities 2,481,291 2,540,819 -2.3%
Deferred Revenue (Current) 118.5 130.2 -9.0%
Non-Current Liabilities
Operating Lease Liabilities 40,615 45,283 -10.3%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 3,301,450 3,431,308 -3.8%
Accumulated Other Comprehensive Income 4,061 -5,013 +181.0%
Retained Earnings 38,788 -33,983 +214.1%
Total Stockholders' Equity 3,344,299 3,392,312 -1.4%
Total Liabilities & Equity 5,825,590 5,933,131 -1.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2026 FY 2025 YoY
Operating Activities
Depreciation 151,338 163,222 -7.3%
Amortization Of Intangible Assets 111,051 133,614 -16.9%
Show Consolidation Items breakouts
Corporate Non Segment -84,953 -110,081 +22.8%
Deferred Income Taxes -39,384 -84,737 +53.5%
Stock-Based Compensation 136,070 136,346 -0.2%
Show Consolidation Items breakouts
Corporate Non Segment 136,070 136,346 -0.2%
Show Plan Name breakouts
Certain Officers Of Company Section Sixteen Officers [Member] 34.9
Other Operating Activities Cash Flow Statement -13,421 31,966 -142.0%
Change in Accounts Receivable 3,154 26,807 -88.2%
Change in Inventory 86,616 18,188 +376.2%
Change in Prepaid & Other Assets -18,510 -24,348 +24.0%
Change in Accounts Payable -4,886 7,178 -168.1%
Increase Decrease In Accrued Liabilities -45,325 -45,777 +1.0%
Increase Decrease In Accrued Income Taxes Payable 942 -4,103 +123.0%
Increase Decrease In Other Operating Liabilities 19,628 15,662 +25.3%
Net Cash from Operations 808,631 622,202 +30.0%
Investing Activities
Capital Expenditures -129,070 -137,600 +6.2%
Proceeds From Sale Of Property Plant And Equipment 51,711 7,059 +632.6%
Proceeds From Sales Of Business Affiliate And Productive Assets 21,472 173,117 -87.6%
Other Investing Activities 12,287 -5,230 +334.9%
Net Cash from Investing -43,600 36,555 -219.3%
Financing Activities
Purchase And Supply Commitment Supplies Proceeds Payments -11,711 130,204 -109.0%
Share Repurchases -532,552 -356,336 -49.5%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 35,492 35,741 -0.7%
Tax Withholding for Share Compensation -32,018 -31,250 -2.5%
Proceeds From Payments For Other Financing Activities -25,737 -23,597 -9.1%
Net Cash from Financing -566,526 -684,362 +17.2%
Supplemental
Interest Paid 73,169 76,336 -4.1%
Unpaid Capital Expenditures 24,740 65,221 -62.1%
Income Taxes Paid 55,932 89,212 -37.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -666 -2,477 +73.1%
Net Change in Cash 197,839 -28,082 +804.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,219,015 1,021,176 +19.4%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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