Qorvo, Inc. is a global leader in the development and commercialization of technologies and products for wireless, wired, and power markets. The company is organized into three operating and reportable segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). HPA is a leading global supplier of radio frequency (RF), analog mixed signal and power management solutions. CSG is a leading global supplier of connectivity and sensor solutions. ACG is a leading global supplier of cellular RF solutions for smartphones, wearables, laptops, tablets and other devices. Qorvo's strategy includes the potential acquisition of businesses, assets and technologies that complement existing capabilities and enable growth in new or existing markets.

• Employees: Approximately 8,700 (as of March 30, 2024)
• Geographic Footprint: 23 countries
• Headquarters: Greensboro, North Carolina
• Founded: 2015 (as a result of a merger)
• Number of locations/facilities: Multiple fabrication, assembly and test facilities worldwide
• Revenue: $3.77 billion (FY2024)
• Key Subsidiaries/Brands: Qorvo

• CEO: Robert A. Bruggeworth
• CFO: Grant A. Brown
• Board Chair: Dr. Walden C. Rhines

• Annual Revenue: $3.77 billion (FY2024)
• Net Loss: $(0.07) billion (FY2024)
• Total Assets: $6.55 billion (as of March 30, 2024)
• Employees: Approximately 8,700 (as of March 30, 2024)
• Key Financial Highlights: Revenue increased by 5.6% compared to FY2023, gross margin increased to 39.5%, and operating income was $91.7 million. Net loss per share was $(0.72).

Qorvo offers a diverse range of products across its three segments:

• High Performance Analog (HPA): RF, analog mixed signal, and power management solutions.
• Connectivity and Sensors Group (CSG): Connectivity and sensor solutions, including UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors.
• Advanced Cellular Group (ACG): Cellular RF solutions for smartphones, wearables, laptops, tablets, and other devices.

Qorvo operates through three reportable segments:

• High Performance Analog (HPA): $573 million in revenue (FY2024)
• Connectivity and Sensors Group (CSG): $435 million in revenue (FY2024)
• Advanced Cellular Group (ACG): $2.76 billion in revenue (FY2024)

Qorvo's strategy includes organic growth and potential acquisitions of businesses, assets, and technologies that complement existing capabilities and enable growth in new or existing markets. The company invests in research and development to develop advanced technologies and products. They also focus on improving device performance, reducing die size and reducing manufacturing costs.

• Key strategic initiatives include expanding into new markets, enhancing product portfolios, and improving operational efficiencies.
• Growth drivers include global connectivity trends, the proliferation of data-intensive applications, and the increasing demand for power management technologies.

Qorvo operates in the semiconductor industry, which is characterized by rapid technological advancements and new product introductions. The company competes with companies engaged in the design, manufacturing, and selling of RF solutions, discrete ICs, and modules. Key competitors include Analog Devices, Infineon Technologies, MACOM Technology Solutions, NXP Semiconductors, Qualcomm Technologies, and Skyworks Solutions.

• Market Position: Qorvo is a global leader in its markets.
• Key Competitors: Broadcom, Murata Manufacturing, Qualcomm Technologies, Skyworks Solutions, Analog Devices, Infineon Technologies, MACOM Technology Solutions, Monolithic Power Systems, NXP Semiconductors, ON Semiconductor Corporation, STMicroelectronics, Sumitomo Electric Device Innovations, Texas Instruments, and Wolfspeed.
• Industry Trends: Global connectivity trends, the proliferation of data-intensive applications, and the increasing demand for power management technologies are driving growth in the industry.

• Market Risks: Fluctuations in demand, rapid product life cycles, intense competition, and dependence on large customers.
• Operational Risks: Reliance on third-party suppliers, risks associated with manufacturing facilities, and potential supply chain disruptions.
• Financial Risks: Fluctuations in operating results, dependence on developing new products and achieving design wins, and risks related to international sales and operations.
• Regulatory Risks: Changes in government trade policies, environmental regulations, and tax laws.
• Cybersecurity Risks: Security breaches and other disruptions to IT systems, and misappropriation of proprietary information.