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Qorvo QRVO HPA — Research and Development Expense

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$95.69M+1.3%
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$23.3M-28.7%

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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%
Net income$100.5M+293%
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:ResearchAndDevelopmentExpense.

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
Segment expenses:
HPA
Cost of goods sold$71,269$53,974
Research and development39,83937,868
Marketing and selling17,79116,861
General and administrative7,4997,110
Segment operating income69,95921,582
CSG

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Qorvo's HPA — research and development expense?
Qorvo (QRVO) reported HPA — research and development expense of $39.84M in Q2 2026.
How has Qorvo's HPA — research and development expense changed year-over-year?
Qorvo's HPA — research and development expense increased by 5.2% year-over-year, from $37.87M to $39.84M.
What is the long-term trend for Qorvo's HPA — research and development expense?
Over 3 years (2023 to 2026), Qorvo's HPA — research and development expense has grown at a 6.3% compound annual growth rate (CAGR), from $125.61M to $150.96M.
What does HPA — research and development expense mean?
Costs incurred by the HPA segment to discover, design, and develop new technologies and products. This investment is critical for maintaining a competitive edge in radio frequency and infrastructure markets.

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