What is Qorvo's work in process?

Qorvo (QRVO) reported work in process of $261.36M in Q4 2025.

How has Qorvo's work in process changed year-over-year?

Qorvo's work in process decreased by 16.0% year-over-year, from $311.05M to $261.36M.

What is the long-term trend for Qorvo's work in process?

Over 4 years (2021 to 2025), Qorvo's work in process has grown at a 3.3% compound annual growth rate (CAGR), from $283.07M to $322.81M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Qorvo QRVO Work in process

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Other financials

Income statement

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Revenue$808.3M-7.0%

Gross profit$395.0M+7.8%

Operating income$31.5M+11.7%

Net income$29.7M-5.2%

EPS (diluted)$0.32-3.0%

Balance sheet

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Cash & equivalents$1.2B+19.4%

Total debt$1.6B-0.3%

Total equity$3.3B-1.4%

Total assets$5.8B-1.8%

Cash flow

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Operating cash flow$276.3M+38.7%

CapEx$21.2M-25.5%

Free cash flow$255.0M+49.4%

Valuation

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Market cap$8.66B+6.1%

Enterprise value$9.05B+2.9%

P/E25.6×-121×

P/S2.4×+0.2×

Profitability

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Gross margin45.9%+4.6pp

Operating margin11.2%+8.6pp

Net margin9.2%+7.7pp

FCF margin18.5%+5.4pp

Returns & leverage

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Return on equity10.1%+8.5pp

Debt / equity0.5×0.0×

Current ratio3.2×+0.5×

Where this comes from

Reported directly by Qorvo in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Qorvo’s 10-Q, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Qorvo's work in process?: Qorvo (QRVO) reported work in process of $261.36M in Q4 2025.
How has Qorvo's work in process changed year-over-year?: Qorvo's work in process decreased by 16.0% year-over-year, from $311.05M to $261.36M.
What is the long-term trend for Qorvo's work in process?: Over 4 years (2021 to 2025), Qorvo's work in process has grown at a 3.3% compound annual growth rate (CAGR), from $283.07M to $322.81M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.