Qorvo, Inc.

QRVO 10-Q · Q3 2026

QRVO Q3 2026 request

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Income Statement

Income Statement
Metric Q3 2026 Q3 2025 YoY
Revenue 992,959 916,317 +8.4%
Show Business Segments breakouts
ACG · Operating Segments 690,759 635,072 +8.8%
CSG · Operating Segments 111,301 109,567 +1.6%
HPA · Operating Segments 190,899 171,678 +11.2%
Show Geography breakouts
CN 120,872 139,548 -13.4%
Europe 24,580 24,948 -1.5%
Other Asia 96,543 79,760 +21.0%
TW 86,337 69,386 +24.4%
US 664,627 602,675 +10.3%
Cost of Revenue 528,768 524,901 +0.7%
Show Business Segments breakouts
ACG · Operating Segments 362,071 344,204 +5.2%
CSG · Operating Segments 64,615 65,746 -1.7%
HPA · Operating Segments 78,765 80,067 -1.6%
Gross Profit 464,191 391,416 +18.6%
Research & Development 178,066 179,126 -0.6%
Show Business Segments breakouts
ACG · Operating Segments 96,295 96,807 -0.5%
CSG · Operating Segments 31,396 31,684 -0.9%
HPA · Operating Segments 35,332 36,986 -4.5%
Sales & Marketing 49,424 56,525 -12.6%
Show Business Segments breakouts
ACG · Operating Segments 12,744 15,085 -15.5%
CSG · Operating Segments 16,249 18,806 -13.6%
HPA · Operating Segments 14,785 16,385 -9.8%
General & Administrative 32,007 33,835 -5.4%
Show Business Segments breakouts
ACG · Operating Segments 17,481 17,748 -1.5%
CSG · Operating Segments 5,285 5,067 +4.3%
HPA · Operating Segments 6,294 5,660 +11.2%
Other Cost And Expense Operating 12,553 68,905 -81.8%
Show Consolidation Items breakouts
Corporate Non Segment · Merger-related costs -14,716
Show Statement Operating Activities Segment breakouts
Business Transformation Cost 182 4,161 -95.6%
Deferred Compensation Share Based Payments 2,530 1,616 +56.6%
Merger-related costs 14,716
Other Operating Income Expense 626 1,987 -68.5%
Other Restructuring -9,381 61,141 -115.3%
Start-up Costs 3,880
Operating Expenses 272,050 338,391 -19.6%
Operating Income 192,141 53,025 +262.4%
Show Business Segments breakouts
ACG · Operating Segments 202,168 161,228 +25.4%
CSG · Operating Segments -6,244 -11,736 +46.8%
HPA · Operating Segments 55,723 32,580 +71.0%
Show Consolidation Items breakouts
Operating Segments 251,647 182,072 +38.2%
Interest Expense -18,024 -18,655 +3.4%
Other Non-Operating Income (Expense) 15,686 14,526 +8.0%
Income Loss Attributable To Parent 189,803 48,896 +288.2%
Income Tax Expense (Benefit) -25,741 -7,625 -237.6%
Net Income 164,062 41,271 +297.5%
Show Equity Components breakouts
Retained Earnings 164,062 41,271 +297.5%
EPS (Basic) 1.77 0.44 +302.3%
EPS (Diluted) 1.75 0.43 +307.0%
Wtd Avg Shares (Basic) 92,586 94,341 -1.9%
Wtd Avg Shares (Diluted) 93,571 95,031 -1.5%
Income Before Taxes 189,803 48,896 +288.2%
Comprehensive Income 164,953 30,054 +448.9%

Balance Sheet

Balance Sheet
Metric Q3 2026 Q3 2025 YoY
Current Assets
Cash & Cash Equivalents 1,318,510
Accounts Receivable 487,662 427,863 +14.0%
Inventory 530,178 656,216 -19.2%
Prepaid Expense Current 35,489 38,368 -7.5%
Other Receivables Net Current 32,396 10,859 +198.3%
Other Assets Current 78,863 77,690 +1.5%
Total Current Assets 2,483,098 2,096,863 +18.4%
Property, Plant & Equipment 755,485 820,874 -8.0%
Goodwill 2,389,741
Intangible Assets Net Excluding Goodwill 196,903 332,338 -40.8%
Long Term Investments 18,881 25,692 -26.5%
Other Non-Current Assets 319,871 250,095 +27.9%
Total Assets 6,163,979 5,963,096 +3.4%
Current Liabilities
Accounts Payable 240,518 283,341 -15.1%
Accrued Liabilities 225,435 268,335 -16.0%
Other Liabilities Current 209,746 227,110 -7.6%
Total Current Liabilities 675,699 807,861 -16.4%
Long-Term Debt 1,549,170 1,549,230 -0.0%
Other Non-Current Liabilities 240,802 225,572 +6.8%
Total Liabilities 2,465,671 2,582,663 -4.5%
Non-Current Liabilities
Long-Term Debt 1,549,170 1,549,230 -0.0%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 3,465,194 3,455,850 +0.3%
Accumulated Other Comprehensive Income 6,372 -10,069 +163.3%
Retained Earnings 226,742 -65,348 +447.0%
Total Stockholders' Equity 3,698,308 3,380,433 +9.4%
Total Liabilities & Equity 6,163,979 5,963,096 +3.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2026 YTD Q3 2025 YoY
Operating Activities
Depreciation 115,486 122,912 -6.0%
Amortization Of Intangible Assets 84,199 103,146 -18.4%
Show Consolidation Items breakouts
Corporate Non Segment 64,559 86,041 -25.0%
Deferred Income Taxes -24,804 -63,268 +60.8%
Stock-Based Compensation 109,749 108,931 +0.8%
Show Consolidation Items breakouts
Corporate Non Segment 109,749 108,931 +0.8%
Other Operating Activities Cash Flow Statement -16,656 56,980 -129.2%
Change in Accounts Receivable -101,841 -16,449 -519.1%
Change in Inventory 111,044 3,819 +2807.7%
Change in Prepaid & Other Assets -16,433 -30,510 +46.1%
Increase Decrease In Accounts Payable And Accrued Liabilities -56,192 -17,621 -218.9%
Increase Decrease In Accrued Income Taxes Payable -5,249 -11,758 +55.4%
Increase Decrease In Other Operating Liabilities 23,805 29,521 -19.4%
Net Cash from Operations 532,367 423,019 +25.8%
Investing Activities
Capital Expenditures -107,835 -109,087 +1.1%
Proceeds From Divestiture Of Businesses 21,472 55,576 -61.4%
Other Investing Activities 24,629 -5,573 +541.9%
Net Cash from Investing -61,734 -59,084 -4.5%
Financing Activities
Share Repurchases -132,502 -306,355 +56.7%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 25,089 24,405 +2.8%
Tax Withholding for Share Compensation -29,155 -30,545 +4.6%
Purchase And Supply Commitment Supplies Proceeds -19,078 129,307 -114.8%
Proceeds From Payments For Other Financing Activities -18,803 -18,629 -0.9%
Net Cash from Financing -174,449 -640,941 +72.8%
Supplemental
Unpaid Capital Expenditures 27,176 63,104 -56.9%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,150 -2,820 +140.8%
Net Change in Cash 297,334 -279,826 +206.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,318,510 769,432 +71.4%

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

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