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 Learn about our cutting-edge foundry technologies! 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 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. 2016 … Annual and quarterly financial reports, income statements and balance sheets for Qorvo Inc (QRVO) on MSN Money. Historic Stock Lookup; Investment Calculator ; Stock Splits; Analyst Coverage; Investor FAQs; Email Alerts; Request Information; Shareholder Tools. [/Pattern /DeviceRGB] QRVO 2020 … Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. /Type /XObject 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 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. Title View; Add Files. 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. QRVO 2020 Proxy Statement 5.9 MB. ��HZ�Kh��kw/J�,s-��=��W����6�����_�M��*F)^�xE�r���\���J�qǥ��o� �r�_J�+F��a"]q����n]e�~l̔�Μ�Y�A�ܳD&X���׺���8�n�&M)fn~f��L�����u*��b��{�h�V-��z��u\�c4я(k\5)l�{3S�ŝHz��� ��J�>�Tg͕�(i���i����q+�}�Jt~ɰ�9�%6GY��մ��d�(>l\b��#ʶ��?�rR�h|$�EQ1��Ʉ5<3/l/RPr3�.$ɨ��Ϗl�����h��z���k���������'"lg�����@�yYK"��. 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. We believe that the exclusion of this non-cash adjustment to revenue provides management and investors a more effective means of evaluating our historical and projected performance. On a GAAP basis, fiscal year 2017 third quarter revenue increased 33.1% year-over-year and decreased 4.4% sequentially to $826.3 million. Non-GAAP ROIC. 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. /Producer (�� Q t 4 . 2017 Annual Report; PDF ; 2016 Annual Report; PDF ; Show 1 more archive; 2015 Annual Report; PDF ; About Qorvo, Inc. 5001-10,000 Employees. Qorvo, Inc. See the more detailed financial information for Qorvo, including reconciliation of GAAP and non-GAAP financial information, attached. 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. SEC Filings. 2016. 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. Non-GAAP gross profit and gross margin. Annual Reports. 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