Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $2.97B | $3.09B | $3.24B | $4.02B | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B |
| Revenue growth | — | -1.9% | 3.9% | 4.8% | 24.0% | 15.7% | -23.2% | 5.6% | -1.3% | -1.1% |
| Gross profit | $1.14B | $1.15B | $1.20B | $1.32B | $1.88B | $2.29B | $1.30B | $1.49B | $1.54B | $1.69B |
| Gross margin | 37.4% | 38.6% | 38.7% | 40.8% | 46.9% | 49.2% | 36.3% | 39.5% | 41.3% | 45.9% |
| Operating income | $88.1M | $70.3M | $216M | $423M | $907M | $1.23B | $183M | $91.7M | $95.5M | $411M |
| Operating margin | 2.9% | 2.4% | 7.0% | 13.1% | 22.6% | 26.4% | 5.1% | 2.4% | 2.6% | 11.2% |
| Net income | -$16.6M | -$40.3M | $133M | $334M | $734M | $1.03B | $103M | -$70.3M | $55.6M | $339M |
| Net margin | -0.5% | -1.4% | 4.3% | 10.3% | 18.3% | 22.2% | 2.9% | -1.9% | 1.5% | 9.2% |
| EPS (diluted) | -$0.13 | -$0.32 | $1.05 | $2.80 | $6.32 | $9.26 | $1.00 | -$0.72 | $0.58 | $3.62 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $777M | $853M | $810M | $946M | $1.30B | $1.05B | $843M | $833M | $622M | $809M |
| Capital expenditures | $553M | $270M | $221M | $164M | $187M | $213M | $159M | $127M | $138M | $129M |
| Free cash flow | $224M | $583M | $589M | $782M | $1.11B | $836M | $684M | $706M | $485M | $680M |
| Share buybacks | $209M | $220M | $638M | $515M | $515M | $1.15B | $862M | $400M | $356M | $533M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $545M | $926M | $711M | $715M | $1.40B | $973M | $809M | $1.03B | $1.02B | $1.22B |
| Total assets | $6.52B | $6.38B | $5.81B | $6.56B | $7.22B | $7.51B | $6.69B | $6.55B | $5.93B | $5.83B |
| Total liabilities | $1.63B | $1.61B | $1.45B | $2.27B | $2.59B | $2.96B | $2.79B | $3.00B | $2.54B | $2.48B |
| Long-term debt | $989M | $983M | $921M | $1.57B | $1.74B | $2.05B | $2.05B | $1.55B | $1.55B | $1.55B |
| Shareholders' equity | $4.90B | $4.78B | $4.36B | $4.29B | $4.63B | $4.55B | $3.90B | $3.56B | $3.39B | $3.34B |
| Retained earnings | -$456M | -$459M | -$321M | $0.00 | $355M | $512M | $84.5M | -$89.6M | -$34.0M | $38.8M |
| Shares (wtd avg diluted) | 127M | 127M | 127M | 119M | 116M | 112M | 103M | 97.6M | 95.5M | 93.5M |
Every figure is extracted from Qorvo, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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