Company / R&D Expense
Qorvo R&D Expense History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$747.7M
FY2024
5-year range
$623.6M / $747.7M
FY2020-FY2024
Trend
+9.6%
vs FY2023
Sector context
#50 of 248
Information Technology
What the data says
Qorvo's r&d expense of $748M is higher than 80% of companies in the Information Technology sector (FY2024). R&D Expense has increased for 7 consecutive years, from $445M in FY2017 to $748M in FY2024.
Based on SEC 10-K filings.
$748M in FY2024 with a 5-year CAGR of +9.1%. Top quartile in the Information Technology sector.
Improved from $650M to $748M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +6.2%
- 5-Year CAGR
- +9.1%
- 10-Year CAGR
- -
Sector benchmark
-20.6% below sector average
Key checks
Key Insights
- Qorvo's r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +9.1%, indicating consistent growth.
- In FY2024, r&d expense increased 9.6% year-over-year.
- Ranks #50 out of 248 companies in the Information Technology sector.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $747.7M | +9.6% |
| FY2023 | $682.2M | +5.0% |
| FY2022 | $649.8M | +4.2% |
| FY2021 | $623.6M | +9.3% |
| FY2020 | $570.4M | +17.7% |
| FY2019 | $484.4M | +7.5% |
| FY2018 | $450.5M | +1.2% |
| FY2017 | $445.1M | -0.8% |
| FY2016 | $448.8M | +0.0% |
As of FY2024 · SEC 10-K · Updated Mar 28, 2026