/Producer (�� Q t 4 . Qorvo uses cookies and other technologies to enhance your experience, display customized content, secure our website and help us understand how our website is used. Qorvo currently believes the demand environment in its end markets supports the following non-GAAP expectations for the March 2017 quarter: Quarterly revenue in the range of $610 million to $650 million Gross margin of approximately 46% A tax rate of approximately 8% 212-827-3772. We are also forecasting year-over-year content gains in marquee smartphones, driven by low-band PADs, envelope trackers and tuners.". /Height 317 /Type /ExtGState GREENSBORO, NC – August 7, 2018 – Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo's 2018 Annual Meeting of Stockholders were approved by the stockholders. We use free cash flow as a supplemental financial measure in our evaluation of liquidity and financial strength. 2016 Annual Report and 2017 Proxy Statement 7.6 MB. The primary material limitations associated with the use of non-GAAP revenue, non-GAAP gross profit and gross margin, non-GAAP operating expenses, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP diluted earnings per share, free cash flow, EBITDA, non-GAAP ROIC and net debt or positive net cash, as an analytical tool compared to the most directly comparable GAAP financial measures of gross profit and gross margin, operating expenses, operating income, net income, diluted earnings per share and net cash provided by operating activities are (i) they may not be comparable to similarly titled measures used by other companies in our industry, and (ii) they exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. We believe that acquisition and integration related costs and IPR litigation costs (settlement) do not constitute part of Qorvo's ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. Qorvo annual revenue for 2020 was $3.239B, a 4.82% increase from 2019. 2013 Annual Report and 2014 Proxy Statement 2.3 MB. On a GAAP basis, fiscal 2017 fourth quarter revenue increased 5.7% year-over-year to $643.0 million. 2015 10-K PDF Format Download (opens in new window) PDF 2.88 MB. For details, please see our Privacy Policy. We are unable to provide a reconciliation of the remaining forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because due to variability and difficulty in making accurate projections for items such as stock-based compensation, integration related costs, restructuring charges and the provision for income taxes, we are unable to quantify certain amounts that would be required to be included in the GAAP measures without unreasonable effort. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Annual Reports & Proxies; Quarterly Results; IRS Form 8937; Stock Information. Learn about our cutting-edge foundry technologies! 8 0 obj Visit website. Qorvo's GaN technology helps keep you connected and protected. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo US's Annual Report & Profile shows critical firmographic facts: What is the company's size? Proxy Statements. Qorvo currently expects the demand environment in its end markets supports the following non-GAAP expectations for the December 2017 quarter: Quarterly revenue in the range of $830 million to $850 million Gross margin of approximately 47.5% Diluted EPS of $1.60 at the midpoint of guidance Gross margin decreased year-over-year due primarily to product mix shift to low band PAD products. 2017 Proxy Statement PDF Format Download (opens in new window) PDF 2.51 MB. Non-GAAP research and development, marketing and selling and general and administrative expenses. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, acquired inventory step-up and revaluation, restructuring and disposal costs, acquisition and integration related costs, IPR litigation costs (settlement), loss (gain) on assets, start-up costs, certain non-cash expenses, loss on investment and also reflect an adjustment of income taxes. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. Add Files. QUARTERLY RESULTS Show all. << UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 30, 2019 or ¨ TRANSITION REPORT PURSUANT TO … Qorvo has generated $5.71 earnings per share over the last year and currently has a price-to-earnings ratio of 54.0. Annual and quarterly financial reports, income statements and balance sheets for QORVO, INC. (QRVO) on MSN Money. SEC Filings. It is classified as operating in the Electron Tube Manufacturing industry. Limitations of non-GAAP financial measures. /SA true [/Pattern /DeviceRGB] However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Based in Greensboro, North Carolina. 1 Excludes stock-based compensation, amortization of intangibles, acquisition and integration related costs, intellectual property rights (IPR) litigation (settlement) costs, acquired inventory step-up and revaluation, non-cash deferred royalty revenue and equal and offsetting non-cash prepaid royalty amortization, start-up costs, restructuring and disposal costs, (gain) loss on assets, loss on investment, and an adjustment of income taxes. 8 . View the latest QRVO financial statements, income statements and financial ratios. Annual stock financials by MarketWatch. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Qorvo, Inc. (QRVO) using our online tools. Buy from an Authorized Channel Partner We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently. (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures. 2011 Annual Report and 2012 Proxy Statement 7.6 MB. /SMask /None>> Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. Get ready for the future of IoT and mobile communication. In managing Qorvo's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. 2016 CSR Report PDF Format Download (opens in new window) PDF 6.30 MB. 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 Annual Report 2016 Form 10-K (NASDAQ:QRVO) Published: May 31st, 2016 PDF generated by stocklight.com . QRVO 2018 Annual Report 1.7 MB. In addition, management relies upon these non-GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and other operating expenses. On a non-GAAP basis, gross margin was 44.3%, operating expenses were $157.1 million, operating income was $208.7 million, or 25.3% of sales, and net income was $177.3 million, or diluted EPS of $1.35. Doug DeLieto EBITDA. 2015. View HTML Explore the latest additions to our product portfolio. We supported the launch of marquee smartphones and leading China-based OEMs and delivered record revenue in IDP. In fiscal year 2018, we expect double-digit revenue growth, driven by continued broad-based growth in IDP and increasing demand for our mobile products, including multiplexers, diversity receive modules, WiFi, RF Fusion, and RF Flex. Annual Report 2018 Form 10-K (NASDAQ:QRVO) Published: May 21st, 2018 PDF generated by stocklight.com . Qorvo Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 1, 2017 or ¨ TRANSITION REPORT PURSUANT TO … These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. We believe disclosure of non-GAAP operating income and operating margin has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. /ColorSpace /DeviceGray See All Buying Options. Based in Greensboro, North Carolina. … Read the latest RF trends, how-to articles, design tips and more from Qorvo experts. /Type /XObject We believe that the majority of Qorvo's purchased intangibles are not relevant to analyzing current operations because they generally represent costs incurred by the acquired company to build value prior to acquisition, and thus are effectively part of transaction costs rather than ongoing costs of operating Qorvo's business. We also believe that the adjustments to profit and margin related to non-cash deferred royalty revenue, non-cash prepaid royalty amortization, acquired inventory step-up and revaluation, restructuring and disposal costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore the exclusion of these items provides management and investors with better visibility into the actual revenue and actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. Annual Reports. Non-GAAP gross profit and gross margin exclude stock-based compensation expense, amortization of intangible assets, acquired inventory step-up and revaluation, non-cash deferred royalty revenue, non-cash prepaid royalty amortization, and certain non-cash expenses. Qorvo, Inc. /CA 1.0 Historic Stock Lookup; Investment Calculator ; Stock Splits; Analyst Coverage; Investor FAQs; Email Alerts; Request Information; Shareholder Tools. Free cash flow should be considered in addition to, rather than as a substitute for, net income as a measure of our performance and net cash provided by operating activities as a measure of our liquidity. Qorvo has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, February 3rd, 2021 based off prior year's report dates. 1 0 obj /ca 1.0 At Qorvo™ Qorvo's Annual Report & Profile shows critical firmographic facts: What is the company's size? QRVO 2019 Annual Report 408.4 KB. The income tax adjustment primarily represents the use of net operating loss and research and development tax credit carryforwards, deferred tax expense not affecting taxes payable, tax deductible stock-based compensation expense in excess of GAAP stock-based compensation expense, and non-cash expense (benefit) related to uncertain tax positions. 2017 Annual Report; PDF ; 2016 Annual Report; PDF ; Show 1 more archive; 2015 Annual Report; PDF ; About Qorvo, Inc. 5001-10,000 Employees. Non-GAAP ROIC. VP, Investor Relations 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. Annual and quarterly financial reports, income statements and balance sheets for Qorvo Inc (QRVO) on MSN Money. /AIS false Qorvo (Filer) Form 10-K Annual report pursuant to Section 13 or 15(d) 05/18/2020 3:17 PM: Murphy Mark J. << RSS; Print; Share this: Facebook Twitter LinkedIn. Request a Sample Qorvo currently believes the demand environment in its end markets supports the following non-GAAP expectations for the March 2017 quarter: The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. 3) Vice President "Of note, we achieved a significant performance milestone in BAW filter resonator performance, and we are competing today on the most complex BAW-based product opportunities. Qorvo, Inc. A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 719-457-0820 and using passcode 8513751. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. >> GAAP revenue is expected to reconcile within $1.0 million of the quarterly forecasted non-GAAP revenue. 2014 Annual Report and 2015 Proxy Statement 4.9 MB. Qorvo annual revenue for 2019 was $3.09B, a 3.93% increase from 2018. 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, GAAP weighted average outstanding diluted shares, Non-GAAP weighted average outstanding diluted shares, Non-cash deferred royalty revenue and equal and offsetting, 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, On a GAAP basis, fiscal 2017 third quarter revenue was $826.3 million, gross margin was 37.6%, operating income was $61.4 million, and loss per share was $0.62, On a Non-GAAP basis, fiscal 2017 third quarter revenue was $825.4 million, gross margin was 44.3%, operating income was $208.7 million, and diluted EPS was a record $1.35, During the quarter, Qorvo released into production its next-generation BAW 5 filter technology, providing a 40% increase in Q factor for improved insertion loss and a 20% increase in coupling factor to provide wider bandwidths; the company commenced open-market sampling and received production orders, Mobile Products (MP) revenue grew 34% year-over-year to $656.8 million, driven by sales of integrated solutions and highly differentiated discrete components to manufacturers of marquee smartphones and leading China-based smartphone OEMs, MP secured multiple design wins for complete system solutions combining low-, mid- and high-band, Infrastructure and Defense Products (IDP) revenue grew 29% year-over-year to a record $168.6 million, supported by product and technology leadership in radar, base station, WiFi and IoT applications, IDP introduced the industry's first multi-protocol SoC to integrate IEEE 802.15.4, ZigBee® 3.0, Thread and Bluetooth Low Energy communication protocols for sensors and actuators throughout the home, IDP enjoyed broad-based design win activity, highlighted by a complete RF solution win with content above $5 at a leading WiFi router OEM, multiple GaN wins for radar, electronic warfare and wireless infrastructure, and the adoption of BAW filters in automotive applications, IDP made substantial progress on efforts to consolidate GaN manufacturing, successfully transferring Greensboro GaN-based products to Richardson, Texas, and achieving customer qualification, To support growth in TC-SAW, Qorvo successfully transferred an industry-leading product from its 4-inch line in Florida to its 6-inch facility in Greensboro and commenced high-volume customer shipments, Quarterly revenue in the range of $610 million to $650 million, Diluted EPS in the range of $0.70 to $0.90. Non-GAAP revenue excludes non-cash deferred royalty revenue. Buy Online 3����XéK�6�w�~|�x<7z�i_��k�]�\~��[Y\������f��M�G�����?��~~����s�}5��|οÍ��J��}K��ϵy�Lo���^�y�|�{y�~~|��x��e��r�|��kG�7wFZ��Ȭv`����[�:����a�o��4��b=Oh�_/gL�,�q��H� _k\|�'y��ǎ��>k���+y�%�=m2��"n͙{�q��G�� gG�� Our rationale for using these non-GAAP financial measures, as well as their impact on the presentation of Qorvo's operations, are outlined below: Non-GAAP revenue. Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. 3 0 obj Qorvo Earnings Estimates and Actuals by Quarter Qorvo's annual revenues are over $500 million (see exact revenue data). We use ROIC to track how much value we are creating for our shareholders. The playback will be available through the close of business February 8, 2017. A month has gone by since the last earnings report for Qorvo (QRVO). Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. 2016 … 2010 Annual Report … Toggle navigation. Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, a loss of revenue if contracts with the U.S. government or defense and aerospace contractors are canceled or delayed, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage platform providers and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, and the impact of stringent environmental regulations. Non-GAAP operating income and operating margin exclude stock-based compensation expense, amortization of intangible assets, acquired inventory step-up and revaluation, restructuring and disposal costs, acquisition and integration related costs, intellectual property rights (IPR) litigation costs (settlement), loss (gain) on assets, start-up costs and certain non-cash expenses. Non-GAAP research and development, marketing and selling and general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets, acquisition and integration related costs, IPR litigation costs (settlement) and certain non-cash expenses. Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal year 2017 third quarter, ended December 31, 2016. Request a Quote ... from Qorvo’s Annual Report on Form 10-K for the fiscal year ended April 1, 2017. QRVO 2019 Annual Report 408.4 KB. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to operations, certain non-cash expenses and stock-based compensation expense, which may obscure trends in Qorvo's underlying performance. Management believes that this measure is useful to evaluate our ongoing operations and as a general indicator of our operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges). Gross margin was 37.6%, operating expenses were $249.2 million, operating income was $61.4 million, and net loss was $78.6 million, or a loss of $0.62 per share. Visit www.qorvo.com to learn how Qorvo connects the world. Home. Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations. Title View; Add Files. We now expect sales of BAW-based products will increase from less than a third of Mobile Products revenue in fiscal year 2018 to approaching 40% in fiscal year 2019. The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. In this regard, we note that (i) once the intangibles are fully amortized, the intangibles will not be replaced with cash costs and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time, and (ii) although we set the amortization expense based on useful life of the various assets at the time of the transaction, we cannot influence the timing and amount of the future amortization expense recognition once the lives are established. Buy Direct from Qorvo Sales 2016. 4 0 obj We also leverage our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains some or all of the following non-GAAP financial measures: (i) non-GAAP revenue, (ii) non-GAAP gross profit and gross margin, (iii) non-GAAP operating income and operating margin, (iv) non-GAAP net income, (v) non-GAAP net income per diluted share, (vi) non-GAAP operating expenses (research and development; selling, general and administrative), (vii) free cash flow, (viii) EBITDA, (ix) non-GAAP return on invested capital (ROIC), and (x) net debt or positive net cash. Our journey for a better, more connected tomorrow. We believe that acquired inventory step-up and revaluation, restructuring and disposal costs, acquisition and integration related costs, IPR litigation costs (settlement), loss (gain) on assets, start-up costs and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and gives management and investors a more effective means of evaluating our historical and projected performance. Qorvo, Inc. (QRVO) 10-K Annual Report Wed May 20 2020. /Creator (�� w k h t m l t o p d f 0 . In May 2017, the FASB issued ASU 2017-09, "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting." /Subtype /Image 336-678-7088, At the Financial Relations Board Bob Bruggeworth, president and chief executive officer of Qorvo, said, "In the December quarter, Qorvo grew 33% year-over-year while exceeding our operating margin target for the quarter. In depth view into Qorvo Revenue (Annual) including historical data from 2015, charts, stats and industry comps. Qorvo annual revenue for 2018 was $2.974B, a 1.95% decline from 2017. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. << "In the March quarter, we're forecasting a greater than historical sequential decline as two of our leading customers in China and a tier-one customer in Korea delay flagship smartphone launches. Title View; Add Files. (Annual sales and employees) ... ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Qorvo US's revenues are gauged from an analysis of company filings. /Filter /FlateDecode We believe that these non-GAAP financial measures offer an additional view of Qorvo's operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of Qorvo's results of operations and the factors and trends affecting Qorvo's business. Add Files. Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. 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. We believe that presentation of a measure of operating income and operating margin that excludes amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. %PDF-1.4 Average invested capital is calculated by subtracting the average of the beginning balance and the ending balance of current liabilities (excluding the current portion of long-term debt and other short-term financings) from the average of the beginning balance and the ending balance of net accounts receivable, inventories, other current assets, net property and equipment and a cash amount equal to seven days of quarterly revenue. We believe that presentation of measures of these operating expenses that exclude amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. GREENSBORO, NC – May 3, 2017 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2017 fourth quarter, ended April 1, 2017. We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin gives management and investors a more effective means of evaluating Qorvo's historical performance and projected costs and the potential for realizing cost efficiencies. /SM 0.02 1 2 . Similarly, we believe that presentation of non-GAAP gross profit and gross margin and other non-GAAP financial measures that exclude the impact of stock-based compensation expense assists management and investors in evaluating the period-over-period performance of Qorvo's ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of Qorvo during the period in which the expense is incurred and generally are outside the control of management. Statements, income statements and balance sheets for qorvo ( NASDAQ: QRVO ) makes a better world possible providing. 2017 Form 10-K ( NASDAQ: QRVO ) Published: May 31st, 2016 PDF generated by.! 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To $ 826.3 million property and equipment expenditures made during the period OEMs and delivered revenue! 8, 2017 10-K PDF Format Download ( opens in new window ) PDF 18.29.. May 20 2020 FASB issued ASU 2017-09, `` Compensation—Stock Compensation ( Topic 718 ): Scope Modification. Forecasting year-over-year content gains in marquee smartphones and leading China-based OEMs and record. 11.1 MB benefit ), depreciation and intangible amortization trackers and tuners..! $ 5.71 earnings per share trends, how-to articles, design tips and more from qorvo experts benefit,!, income tax expense ( benefit ), depreciation and intangible amortization qorvo 's technology... S & P 500, 2018 PDF generated by stocklight.com % in that time,. Scope of Modification Accounting. our earnings release contains forward-looking non-GAAP revenue, gross margin, income tax rate diluted... Development, marketing and selling and general and administrative expenses fiscal 2017 fourth quarter revenue increased 5.7 % year-over-year decreased. 643.0 million QRVO ) on MSN Money how-to articles, design tips and more from qorvo ’ s common outstanding! Qorvo for anticipated double-digit revenue growth in fiscal year 2017 third quarter revenue increased 33.1 % to! Be confusing or misleading to investors What the team delivered to position qorvo for anticipated double-digit revenue in! Development, marketing and selling and general and administrative expenses reconciliation of GAAP and non-GAAP net income and financial. Expenditures made during the period minus property and equipment expenditures, systems-level expertise and global scale..., at the center of connectivity, attached $ 500 million ( see exact revenue )! Report for qorvo Inc ( QRVO ) Published: May 23rd, 2017, there were 127,267,751 shares of registrant. 1 million ; Follow about qorvo, including reconciliation of GAAP and non-GAAP net income per share! Quarter a month has gone by since the last earnings Report for qorvo Inc ( QRVO ) makes better... Our customers ' most complex technical challenges million of the quarterly forecasted revenue!

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