All values USD Millions. Qorvo was formed in 2015 via the merger of RF Micro Devices and TriQuint. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. 2020. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 3,239: 3,090: 2,974: 3,033: 2,611 Annual stock financials by MarketWatch. View 4,000+ financial data types. Corporate Social and Environmental Responsibility, A Comprehensive Guide to mmWave Solutions, A Look Inside the U.S. Army's Counterfire Radar System, People Power and Qorvo Deliver Smart Internet of Things Systems, Qorvo and BQ: How Your Smartphone Connects, Smart Home Energy Management with Levarys and Qorvo, Go to Corporate Social and Environmental Responsibility, Weighted average outstanding diluted shares, Acquisition and integration related costs, Asset impairment and accelerated depreciation, GAAP weighted average outstanding diluted shares, Non-GAAP weighted average outstanding diluted shares, Other (including loss (gain) on assets and other non-cash expenses), Net cash provided by operating activities, Non-GAAP research and development expense, GAAP selling, general and administrative expense, Non-GAAP selling, general and administrative expense, Total liabilities and stockholders' equity, Acquired Active-Semi International, entering rapidly growing $3B power management market, Achieved IDP revenue of $238 million, led by strength in 5G base station deployments, including massive MIMO, Awarded entire RF front end section, including BAW filtering, for meshed Wi-Fi access points by leading manufacturer of Wi-Fi home networking systems, Secured multi-year design win to supply GaAs and GaN components to Lockheed Martin for U.S. Department of Defense ground-based radar program, Increased support of 5G massive MIMO infrastructure deployments and secured new design wins across all anticipated sub-6 GHz 5G frequency bands, Supplied production volumes of highly integrated mid-/high-band PADs to the world's top-six smartphone OEMs and received orders for next-generation 5G-enabled variants, Introduced industry's first stand-alone ET PMIC capable of modulating the power supply at 100 MHz for 5G New Radio (NR) operation, Delivered record shipments of BAW-based band 1/3 quadplexers and achieved first design wins for highly integrated BAW-based hexaplexers, enabling higher orders of carrier aggregation, Sampled BAW-based 5G antennaplexer solutions allowing customers to utilize current antenna architectures for 5G devices, Experienced robust revenue growth for tuners and envelope trackers (ET) in support of some of the world's most popular wearable devices, Quarterly revenue in the range of $780 million to $800 million, Diluted earnings per share of $1.30 at the midpoint of guidance. Notably, that's an increase of 15% over the year before. 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 Qorvo Annual Revenue and Growth Rate. 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. Qorvo's Revenue for the trailing twelve months (TTM) ended in Sep. 2020 was 869.073 (Dec. 2019 ) + 787.772 (Mar. {{root.upsell.info.feature_headline}}. 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. View 4,000+ financial data types. It has operations in the US, Costa Rica, China, and Germany. Do the numbers hold clues to what lies ahead for the stock? The playback will be available through the close of business May 14, 2019. 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). Contact a Sales Representative The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. 2020 ) + 787.451 (Jun. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Qorvo's Revenue for the trailing twelve months (TTM) ended in Sep. 2020 was 869.073 (Dec. 2019 ) + 787.772 (Mar. Qorvo (QRVO) delivered earnings and revenue surprises of 16.92% and 6.94%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock? QUALCOMM annual revenue for 2020 was $23.531B, a 3.06% decline from 2019. Qorvo Inc (NASDAQ: QRVO) Q2 2019 Earnings Conference Call Oct. 31, 2018 , 5:00 p.m. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. We believe disclosure of these non-GAAP operating expenses has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. 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. 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. Earnings and revenue surprises of 18.26 % and 4.77 %, respectively, for the stock tax expense benefit. 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