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Qorvo QRVO Net Income

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Other financials

Income statement

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Revenue$784.8M-4.2%
Gross profit$401.0M+20.8%
Operating income$96.8M+222%
EPS (diluted)$0.96+256%

Balance sheet

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Cash & equivalents$1.3B+14.0%
Total debt$1.5B0.0%
Total equity$3.5B+1.0%
Total assets$5.9B-1.0%

Cash flow

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Operating cash flow$139.5M-23.8%
CapEx$24.1M-35.7%
Free cash flow$115.3M-20.7%

Valuation

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Market cap$8.4B+7.7%
Enterprise value$8.62B+5.4%
P/E20.3×-76.2×
P/S2.3×+0.2×

Profitability

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Gross margin48.2%+6.2pp
Operating margin13.1%+9.8pp
Net margin11.4%+9.1pp
FCF margin17.8%+1.7pp

Returns & leverage

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Return on equity12%+9.6pp
Debt / equity0.4×0.0×
Current ratio3.5×+0.7×

Where this comes from

Reported directly by Qorvo in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossAttributableToParent.

The source filing: Qorvo’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:13 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-050166
Line itemThree Months Ended / June 27, 2026Three Months Ended / June 28, 2025
Operating income96,77030,086
Interest expense(15,852)(18,787)
Other income, net19,60820,386
Income before income taxes100,52631,685
Income tax expense(14,724)(6,091)
Net income$85,802$25,594
Net income per share:
Basic$0.97$0.28

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Qorvo's net income?
Qorvo (QRVO) reported net income of $100.53M in Q2 2026.
How has Qorvo's net income changed year-over-year?
Qorvo's net income increased by 292.8% year-over-year, from $25.59M to $100.53M.
What is the long-term trend for Qorvo's net income?
Over 3 years (2022 to 2026), Qorvo's net income has grown at a -31.0% compound annual growth rate (CAGR), from $1.03B to $338.99M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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