Qorvo annual revenue for 2020 was $3.239B, a 4.82% increase from 2019. For details, please see our Privacy Policy. * All numbers are in millions except for per share data and ratio. Copyright © FactSet Research Systems Inc. All rights reserved. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. 2020 2019 2018 2017 2016 5-year trend; Net Income before Extraordinaries----- 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. Learn about our cutting-edge foundry technologies! 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. 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. Non-GAAP operating income and operating margin. The primary material limitations associated with the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. Fiscal year is April-March. Free cash flow should be considered in addition to, rather than as a substitute for, net income as a measure of our performance and net cash provided by operating activities as a measure of our liquidity. 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. All other trademarks are the property of their respective owners. 2020 ) + 1060.292 (Sep. 2020 ) = $3,505 Mil. Non-GAAP ROIC. 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. On May 6, Qorvo completed the acquisition of Active-Semi International. 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. QUALCOMM revenue for the twelve months ending September 30, 2020 was $23.531B, a 3.06% decline year-over-year. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2020 first quarter financial results on Thursday, August 1, 2019, at 5:00 p.m. (ET). Buy Online 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. 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. Qorvo, Inc. Total Revenue increased from $2,974 Mil in 2018 to $3,239 Mil in 2020, a 8.9% increase. Qorvo annual revenue for 2018 was $2.974B , … Revenue Revenue Estimate. Qorvo's current Enterprise Value is $17,342 Mil. 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. Non-GAAP gross profit and gross margin exclude stock-based compensation expense, amortization of intangible assets, non-cash deferred royalty revenue, non-cash prepaid royalty amortization, accelerated depreciation and certain non-cash expenses. Visit www.qorvo.com to learn how Qorvo connects the world. Qorvo US Annual Revenue and Growth Rate. 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 2020 ) + 787.451 (Jun. Qorvo will distribute fiscal 2020 first quarter financial results at approximately 4:00 p.m. (ET) on Thursday, August 1, 2019. International stock quotes are delayed as per exchange requirements. We believe that restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, start-up costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations 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 gives management and investors a more effective means of evaluating our historical and projected performance. 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. (Annual sales and employees) What industry is the company in? 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. Do the numbers hold clues to what lies ahead for the stock? 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. For calendar 2019, analysts expect Skyworks’ revenues to fall 4.4% YoY to $3.6 billion. ET Contents: Prepared. Find out the revenue, expenses and profit or loss over the last fiscal year. 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 Annual Revenue and Growth Rate. QUALCOMM annual revenue for 2020 was $23.531B, a 3.06% decline from 2019. Qorvo Revenue (Annual): 3.239B for March 31, 2020. 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. It has operations in the US, Costa Rica, China, and Germany. 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. 2020 ) + 1060.292 (Sep. 2020 ) = $3,505 Mil. 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 Revenue (Annual): 3.239B for March 31, 2020. … 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. 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. ", 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. Non-GAAP research and development and selling, general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets, acquisition and integration related costs and certain non-cash expenses. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. 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. 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. 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. Our rationale for using these non-GAAP financial measures, as well as their impact on the presentation of Qorvo's operations, are outlined below: Non-GAAP revenue. 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 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. Per Share Data Qorvo ... Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020. 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. 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. {{root.upsell.info.feature_description}} Please note that this feature is only available as an add-on to YCharts subscriptions. 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. 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 believe that acquisition and integration related costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations 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 gives management and investors a more effective means of evaluating our historical and projected performance. The conference call will be broadcast live over the Internet and can be accessed by any interested party at http://www.qorvo.com (under "Investors"). Qorvo Annual Revenue and Growth Rate. 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. Qorvo's current Enterprise Value is $18,872 Mil. 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. Get ready for the future of IoT and mobile communication. The … On a GAAP basis, revenue for Qorvo’s fiscal 2020 fourth quarter was $788 million, gross margin was 42.6%, operating income was $102 million and diluted earnings per share was $0.43. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 3,239: 3,090: 2,974: 3,033: 2,611 EBITDA. 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