MARKET COMPOSITE
QRVO - Qorvo Inc3:03:42 PM 4/26/2024
Price
$116.42
+ 1.72 (1.50%)
Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASDAQ, was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. The headquarters for the company originally were in both Hillsboro, Oregon , and Greensboro, North Carolina , but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters. Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices . In June 2015, the new company became a component of the S&P 500, replacing tobacco company Lorillard. At the time of joining the S&P 500, Qorvo was valued at $12 billion. The company employs more than 8,000 people. As of mid-2016, the Oregon plant alone was employing almost 1,000 people.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.1B-3%
Gross Profit387.9MM-21%
Cost Of Revenue686MM+12%
Operating Income-41.6MM-127%
Operating Expenses429.4MM+27%
Net Income-126.9MM-230%
R&D164.3MM-6%
G&A86.9MM-16%
Amortization--
Interest Expense17.6MM+3%
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