Qorvo Inc (QRVO)

Gross profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	1,562,766	1,553,396	1,549,858	1,594,242	1,491,008	1,264,356	1,144,529	1,193,766	1,339,946	1,752,567	2,032,609	2,115,235	2,286,168	2,244,304	2,233,963	2,103,960	1,883,566	1,690,872	1,521,231	1,353,263
Revenue (ttm)	US$ in thousands	3,718,972	3,790,486	3,948,029	4,005,009	3,769,502	3,461,217	3,130,638	3,185,208	3,569,404	4,102,861	4,473,540	4,570,730	4,645,720	4,552,290	4,533,160	4,338,200	4,015,301	3,730,343	3,504,586	3,250,994
Gross profit margin		42.02%	40.98%	39.26%	39.81%	39.55%	36.53%	36.56%	37.48%	37.54%	42.72%	45.44%	46.28%	49.21%	49.30%	49.28%	48.50%	46.91%	45.33%	43.41%	41.63%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,562,766K ÷ $3,718,972K
= 42.02%

Qorvo Inc's gross profit margin has shown fluctuations over the past few years. Starting at 41.63% in June 2020, it increased steadily, reaching its peak at 49.30% in December 2021. However, in the subsequent quarters, the margin declined gradually to 37.48% by June 2023. This decrease continued until September 2023, dropping to 36.56%. There was a slight improvement in the following quarter, but the margin remained low at 36.53% in December 2023.

Subsequently, there was a recovery trend with the gross profit margin showing an upward trajectory, reaching 42.02% by March 2025. It is important to note that while fluctuations occurred, the overall trend showcases a mixed pattern with periods of growth and decline. Monitoring the gross profit margin closely is essential for understanding Qorvo Inc's operational efficiency and profitability over time.