Buy from an Authorized Channel Partner On a GAAP basis, revenue for Qorvo’s fiscal 2020 fourth quarter was $788 million, gross margin was 42.6%, operating income was $102 million and diluted earnings per share was $0.43. 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. Qorvo Inc. Qorvo, Inc. Total Revenue increased from $2,974 Mil in 2018 to $3,239 Mil in 2020, a 8.9% increase. 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.". Non-GAAP net income and non-GAAP net income per diluted share. Qorvo annual net income for 2020 was $0.334B, a 151.14% increase from 2019. Find out the revenue, expenses and profit or loss over the last fiscal year. (B) Shares Outstanding: -6% decrease from 2019 to 2020 Shares Outstanding - % Change Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. 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. 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. 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. Annual stock financials by MarketWatch. Copyright © FactSet Research Systems Inc. All rights reserved. (B) Shares Outstanding: -6% decrease from 2019 to 2020 Shares Outstanding - % Change 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. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. 2020 ) + 1060.292 (Sep. 2020 ) = $3,505 Mil. Qorvo annual net income for 2019 was $0.133B, a 430.43% decline from 2018. Explore the latest additions to our product portfolio. 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 net income for the twelve months ending September 30, 2020 was $0.446B, a 75.69% increase year-over-year. 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.