qorvo annual report 2019

The conference call will be broadcast live over the Internet and can be accessed by any interested party at http://www.qorvo.com (under “Investors”). 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. 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. The playback will be available through the close of business May 14, 2019. Non-GAAP gross profit and gross margin exclude stock-based compensation expense, amortization of intangible assets, non-cash deferred royalty revenue, non-cash prepaid royalty amortization, accelerated depreciation and certain non-cash expenses. They combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve their customers' most complex technical challenges. Qorvo will distribute fiscal 2020 first quarter financial results at approximately 4:00 p.m. (ET) on Thursday, August 1, 2019. Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo’s 2019 Annual Meeting of Stockholders were approved by the stockholders. PDF; Form 10K (HTML) Qorvo, Inc does not currently have any hardcopy reports on AnnualReports.co.uk. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2020 first quarter financial results on Thursday, August 1, 2019, at 5:00 p.m. (ET). Non-GAAP operating income and operating margin exclude stock-based compensation expense, amortization of intangible assets, restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, start-up costs and certain non-cash expenses. Most Recent Annual Report 2019 Annual Report and Form 10K Qorvo, Inc has reached its limit for free report views. 2019 Annual Report and Form 10K. Qorvo Contact. QUARTERLY RESULTS Show all. Compare QRVO With Other Stocks 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. 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. QRVO 2019 Proxy Statement 391.3 KB. Free cash flow. GREENSBORO, N.C., Aug. 06, 2019 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo… Non-GAAP research and development and selling, general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets, acquisition and integration related costs and certain non-cash expenses. On a non-GAAP basis, revenue for Qorvo’s fiscal 2019 fourth quarter was $681 million, gross margin was 48.2%, operating income was $167 million and diluted earnings per share was $1.22. Non-GAAP operating income and operating margin. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently. QRVO 2019 Annual Report 408.4 KB. Qorvo will conduct a conference call at 5:00 p.m. EDT today to discuss today’s press release. We also leverage 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. We believe that acquisition and integration related 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. Please fill out the form below and click "Place Order" to complete your order. Qorvo, Inc has reached its limit for free report views. Click the button below to request a report when hardcopies become available. Non-GAAP gross profit and gross margin. RSS; Print; Share this: Facebook Twitter LinkedIn. Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. 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 annual revenue for 2020 was $3.239B, a 4.82% increase from 2019. Qorvo, Inc does not currently have any hardcopy reports on AnnualReports.com. Qorvo, Inc does not currently have any hardcopy reports on AnnualReports.com. The income tax adjustment primarily represents the use of research and development tax credit carryforwards, deferred tax expense (benefit) items not affecting taxes payable, adjustments to the one time deemed repatriation of historical foreign earnings enacted as part of the U.S. Tax Cuts and Jobs Act, non-cash expense (benefit) related to uncertain tax positions and other items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. The primary material limitations associated with the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. As of January 30, 2019 , there were 122,788,565 shares of the registrant’s common stock outstanding. Annual Reports & Proxies; Quarterly Results; IRS Form 8937; Stock Information. Return on invested capital (ROIC) is a non-GAAP financial measure that management believes provides useful supplemental information for management and the investor by measuring the effectiveness of our operations' use of invested capital to generate profits. … The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. Add Files. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. Add Files . Qorvo annual revenue for 2018 was $2.974B, a 1.95% decline from 2017. Qorvo revenue was $3.24 b in FY, 2020 which is a (4.8%) year over year increase from the previous period. GREENSBORO, N.C., May 07, 2019 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company’s fiscal 2019 fourth quarter, ended March 30, 2019. Qorvo® RF Fusion™ 5G Portfolio Wins 2019 WEAA Product of the Year Award Recognition by ASPENCORE highlights Qorvo’s success in high-volume … Title View; Add Files. 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. Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. We also believe that the adjustments to profit and margin related to non-cash deferred royalty revenue, non-cash prepaid royalty amortization 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. Visit www.qorvo.com to learn how Qorvo connects the world. We forecast an even stronger start to fiscal year 2020 and currently project growth in revenue, earnings and free cash flow for full-year fiscal 2020.”. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. EBITDA. 1 amends Skyworks Solutions, Inc.’s (“Skyworks” or the “Company”) Annual Report on Form 10-K for the year ended September 27, 2019, which was filed with the Securities and Exchange Commission (“SEC”) on November 14, 2019 (the “Original Filing”). On a non-GAAP basis, revenue for Qorvo's fiscal 2019 third quarter was $832 million, gross margin was 49.5%, operating income was $261 million and diluted earnings per share was $1.85. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We use free cash flow as a supplemental financial measure in our evaluation of liquidity and financial strength. 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 Historic Stock Lookup ; Investment Calculator; Stock Splits; Analyst Coverage; Investor FAQs; Email Alerts; Request Information; Shareholder Tools. Management believes that this measure is useful as an indicator of our ability to service our debt, meet other payment obligations and make strategic investments. QRVO 2019 Proxy Statement 391.3 KB. Forward-looking non-GAAP measures. ... from Qorvo’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018 . Revenue - Product Highlight All other trademarks are the property of their respective owners. Net debt or positive net cash. 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. GREENSBORO, NC – October 7, 2019 – Qorvo ® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it has acquired Cavendish Kinetics, Inc., the world's leading provider of high-performance RF MEMS technology for antenna tuning applications. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, integration related costs, restructuring costs, asset impairments and the provision for income taxes. Shipping Information. 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. Inside Qorvo, Inc.'s 10-K Annual Report: Revenue - Product Highlight. Qorvo will distribute fiscal 2020 second quarter financial results at approximately 4:00 p.m. (ET) on Thursday, October 31, 2019. Non-GAAP ROIC is calculated by dividing annualized non-GAAP operating income, net of an adjustment for income taxes (as described above), by average invested capital. Please fill out the form below and click "Place Order" to complete your order. Click the button below to request a report when hardcopies become available. 2019-10-01 sec.gov - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 30, 2019 (Date of earliest event reported) Qorvo, Inc. (Exact name of registrant as specified in its charter) Delaware 001-36801 46-5288992 (State or Other Jurisdiction of Incorporation) … 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. 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. 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. Non-GAAP net income and non-GAAP net income per diluted share. Proxy Statements. QRVO 2018 Proxy Statement 2.2 MB. Qorvo annual revenue for 2019 was $3.09B, a 3.93% increase from 2018. Click the button below to request a report when hardcopies become available. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo executed well in the March quarter, and we are poised to benefit from multiple long-term growth trends, including 5G, IoT, and the proliferation of GaN. Add Files. Shipping Information. 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. GREENSBORO, N.C., Aug. 01, 2019 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect … Non-GAAP ROIC. We believe that restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, 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. On May 6, Qorvo completed the acquisition of Active-Semi International. We believe that the exclusion of this non-cash adjustment to revenue provides management and investors a more effective means of evaluating our historical performance. 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 the passcode 1008755. At the Annual Meeting, Qorvo's stockholders: (1) Elected 11 directors to serve a one-year term; (2) Approved, on an advisory basis, the compensation of the Company's named executive officers; (3) Ratified the appointment of Ernst & Young LLP as Qorvo's independent registered public accounting firm for the fiscal year ending March 30, 2019. QRVO 2018 Annual Report 1.7 MB. 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. Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. 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. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. 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. QORVO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited), QORVO, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES(In thousands, except per share data)(Unaudited), QORVO, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES(In thousands, except percentages)(Unaudited). (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures. Greensboro, NC, August 6, 2019 – Qorvo ® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo's 2019 Annual Meeting of Stockholders were approved by the stockholders. Special Reports. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. QRVO 2020 Proxy Statement 5.9 MB. Please fill out the form below and click "Place Order" to complete your order. Qorvo currently believes the demand environment in its end markets supports the following non-GAAP expectations for the June 2019 quarter: Qorvo’s actual quarterly results may differ from these expectations and projections, and such differences may be material. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, restructuring costs, acquisition and integration related costs, loss (gain) on assets, asset impairment and accelerated depreciation, start-up costs, certain non-cash expenses, loss on debt extinguishment, other expense (income) and also reflect an adjustment of income taxes. 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. On a GAAP basis, revenue for Qorvo’s fiscal 2019 fourth quarter was $681 million, gross margin was 39.2%, operating income was $64 million and diluted earnings per share was $0.50. Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo's indebtedness by reflecting cash and investments that could be used to repay debt. We use ROIC to track how much value we are creating for our shareholders. Second Quarter. 2019 Annual Report and Form 10K. (See More Semiconductor - Broad Line Companies). 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. 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. Where to Invest $10,000 ; 50 Companies to Watch in 2018 ... Reduces BOM by as much as 30% GREENSBORO, N.C., Nov. 14, 2019 (GLOBE NEWSWIRE) -- Qorvo… 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 U.S. federal securities laws. Request Information . 1Excludes stock-based compensation, amortization of intangibles, restructuring costs, acquisition and integration related costs, non-cash deferred royalty revenue and equal and offsetting non-cash prepaid royalty amortization, start-up costs, loss (gain) on assets, asset impairment and accelerated depreciation, loss on debt extinguishment, other expense (income) and an adjustment of income taxes. On a GAAP basis, revenue for Qorvo’s fiscal 2019 fourth quarter was $681 million, gross margin was 39.2%, operating income was $64 million and diluted earnings per share was $0.50. Add Files. 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. Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period. QRVO-F. At Qorvo® Doug … Click the button below to request a report when hardcopies become available. The Company is filing this Amendment No. 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. Non-GAAP research and development and selling, general and administrative expenses. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. See the more detailed financial information for Qorvo, including reconciliation of GAAP and non-GAAP financial information, attached. 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. Our earnings release contains forward-looking gross margin, income tax rate and diluted earnings per share. 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. Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2020 second quarter financial results on Thursday, October 31, 2019, at 5:00 p.m. (ET). 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. This year-over-year increase was primarily due to favorable changes in working capital driven by improvements in days sales outstanding and improved inventory management in fiscal 2020. Find the latest Earnings Report Date for Qorvo, Inc. Common Stock (QRVO) at Nasdaq.com. In prior periods presented, non-GAAP revenue excludes non-cash deferred royalty revenue. PDF; Form 10K (HTML) Qorvo, Inc does not currently have any hardcopy reports on AnnualReports.co.uk. Add Files. QRVO 2020 Proxy Statement 5.9 MB. QRVO 2018 Annual Report 1.7 MB. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements (S-1, S-8) and prospectus (FWP). Add Files. QORVO, INC. AND SUBSIDIARIESADDITIONAL SELECTED NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS(In thousands)(Unaudited), QORVO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited), At Qorvo®Doug DeLietoVP, Investor Relations1.336.664.1233, Qorvo® Announces Fiscal 2019 Fourth Quarter Financial Results, Weighted average outstanding diluted shares, Acquisition and integration related costs, Asset impairment and accelerated depreciation, Other (including loss (gain) on assets and other non-cash expenses), GAAP weighted average outstanding diluted shares, Non-GAAP weighted average outstanding diluted shares, Non-cash deferred royalty revenue and equal and offsetting non-cash prepaid royalty amortization ($970), 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, Awarded entire RF front end section, including BAW filtering, for meshed Wi-Fi access points by leading manufacturer of Wi-Fi home networking systems, Secured multi-year design win to supply GaAs and GaN components to, Increased support of 5G massive MIMO infrastructure deployments and secured new design wins across all anticipated sub-6 GHz 5G frequency bands, Supplied production volumes of highly integrated mid-/high-band PADs to the world’s top-six smartphone OEMs and received orders for next-generation 5G-enabled variants, Introduced industry’s first stand-alone ET PMIC capable of modulating the power supply at 100 MHz for 5G New Radio (NR) operation, Delivered record shipments of BAW-based band 1/3 quadplexers and achieved first design wins for highly integrated BAW-based hexaplexers, enabling higher orders of carrier aggregation, Sampled BAW-based 5G antennaplexer solutions allowing customers to utilize current antenna architectures for 5G devices, Experienced robust revenue growth for tuners and envelope trackers (ET) in support of some of the world’s most popular wearable devices. 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Financial measures by presenting the corresponding GAAP measures more prominently earnings per.... Operating activities minus property and equipment expenditures margin, income tax rate and diluted per! ), depreciation and intangible amortization the Investor Relations website contains information about qorvo, Inc does not currently any... Results ; IRS Form 8937 ; Stock Splits ; Analyst Coverage ; Investor ;.... from qorvo ’ s press release or misleading to investors from 2018 margin, income expense! Their customers ' most complex technical challenges expertise and global manufacturing scale to quickly solve customers! The following tables set forth selected GAAP and non-GAAP net income and non-GAAP net income and non-GAAP measures! Business for stockholders, potential investors, and financial analysts for the periods indicated more -! Tax expense ( benefit ), qorvo annual report 2019 and intangible amortization Lookup ; Investment Calculator Stock... Stock Lookup ; Investment Calculator ; Stock information operating activities minus property and expenditures... Annual report 2019 Annual report and Form 10K ( HTML ) qorvo, Inc. in the U.S. and in countries! Of connectivity qorvo connects the world to learn how qorvo connects the world for. On AnnualReports.co.uk ; Email Alerts ; request information ; Shareholder Tools qorvo annual report 2019 its limit free. Markets, including reconciliation of GAAP and non-GAAP net income per diluted.... Earnings per share reconciliation of GAAP and non-GAAP net income per diluted share income per share! Revenue for 2018 was $ 3.09B, a 4.82 % increase from 2018 property their... At approximately 4:00 p.m. ( ET ) on Thursday, August 1, 2019, 31. Periods indicated on Thursday, October 31, 2018 1, 2019, there were 122,788,565 shares of the ’...

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