Below are the financial statements of Qorvo, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 3,769.51a | 3,569.4a | 4,645.71a |
| Cost of goods sold | -2,281.01a | -2,272.46a | -2,359.55a |
| Gross profit | 1,488.5a | 1,296.94a | 2,286.17a |
| Operating expenses | — | — | — |
| Research and development | -682.25a | -649.84a | -623.64a |
| Selling, general and administrative | -389.14a | -358.79a | -349.72a |
| Goodwill impairment | -221.41a | -12.41a | -48a |
| Other operating expense | -103.99a | -92.73a | -38.75a |
| Total operating expenses | -1,396.79a | -1,113.77a | -1,060.1a |
| Operating income | 91.7a | 183.17a | 1,226.07a |
| Interest expense | -69.25a | -68.46a | -63.33a |
| Other income, net | 51.1a | 9.92a | 18.34a |
| Income before income taxes | 73.56a | 124.63a | 1,181.08a |
| Income tax expense | -143.88a | -21.48a | -147.73a |
| Net (loss) income | -70.32a | 103.15a | 1,033.35a |
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