Company / Net Income
Qorvo Net Income History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$55.6M
FY2024
5-year range
-$70.3M / $1.0B
FY2020-FY2024
Trend
+179.1%
vs FY2023
Sector context
#151 of 298
Information Technology
What the data says
At $56M, Qorvo's net income ranks #151 of 298 in the Information Technology sector. Net Income returned to growth in FY2024 after 2 years of decline, reaching $56M.
Based on SEC 10-K filings.
$56M in FY2024 with a 5-year CAGR of -30.1%.
Declined from $103M to $56M over the past 2 years.
Information Technology sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -62.2%
- 5-Year CAGR
- -30.1%
- 10-Year CAGR
- -
Sector benchmark
#151 of 298 in Information TechnologyTop 51% of 298This company $55.6M Sector average $1.7B
▼
-96.7% below sector average
Key checks
Key Insights
- 5-year CAGR of -30.1%, indicating a declining trend.
- In FY2024, net income increased 179.1% year-over-year.
- Ranks #151 out of 298 companies in the Information Technology sector.
- Peak net income was recorded in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.72 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $55.6M | +179.1% |
| FY2023 | -$70.3M | -168.2% |
| FY2022 | $103.2M | -90.0% |
| FY2021 | $1.0B | +40.9% |
| FY2020 | $733.6M | +119.4% |
| FY2019 | $334.3M | +151.1% |
| FY2018 | $133.1M | +430.4% |
| FY2017 | -$40.3M | -262.1% |
| FY2016 | -$11.1M | +61.4% |
As of FY2024 · SEC 10-K · Updated Mar 28, 2026