QRVO: financial statements from SEC

Income statement

Metric	Mar 31, 2026	Mar 31, 2025
Revenue	3.68bn	3.72bn
Cost of revenue	1.99bn	2.18bn
Gross profit	1.69bn	1.54bn
Research and development	726m	748m
Selling, general and administrative	165m	172m
Operating expenses	1.28bn	1.44bn
Operating income	411m	96m
Interest expense	73m	78m
Pre-tax income	398m	66m
Income tax	59m	10m
Net income	339m	56m
Earnings per share	3.66	0.59
Earnings per share, diluted	3.62	0.58
Weighted average shares	93m	95m
Weighted average shares, diluted	94m	95m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1.22bn	1.32bn	1.10bn	1.17bn	1.02bn	769m	1.10bn	1.08bn
Receivables	383m	488m	543m	328m	387m	428m	581m	425m
Inventory	554m	530m	605m	638m	641m	656m	694m	727m
Current assets	2.31bn	2.48bn	2.38bn	2.25bn	2.17bn	2.10bn	2.53bn	2.38bn
Property, plant and equipment	710m	755m	781m	794m	802m	821m	847m	867m
Goodwill	2.35bn	2.39bn	2.39bn	2.39bn	2.39bn	2.44bn	2.44bn	2.53bn
Total assets	5.83bn	6.16bn	6.10bn	6.00bn	5.93bn	5.96bn	6.50bn	6.45bn
Current liabilities	713m	676m	805m	798m	783m	808m	1.33bn	1.22bn
Short-term debt	—	—	—	—	0	0	412m	412m
Long-term debt	1.55bn	1.55bn	1.55bn	1.55bn	1.55bn	1.55bn	1.55bn	1.55bn
Total liabilities	2.48bn	2.47bn	2.59bn	2.56bn	2.54bn	2.58bn	3.09bn	2.96bn
Equity	3.34bn	3.70bn	3.51bn	3.44bn	3.39bn	3.38bn	3.41bn	3.49bn
Shares outstanding	88m	93m	93m	93m	93m	94m	95m	95m
Shares issued	88m	93m	93m	93m	93m	94m	95m	95m

Metric	Mar 31, 2026	Mar 31, 2025
Operating cash flow	809m	622m
Depreciation and amortisation	151m	163m
Share-based compensation	136m	136m
Capital expenditure	129m	138m
Investing cash flow	−44m	37m
Share buybacks	533m	356m
Financing cash flow	−567m	−684m