Qorvo Inc (QRVO)

Gross profit margin

		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	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,579,407	1,575,869	1,620,253	1,517,019	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	1,321,763
Revenue (ttm)	US$ in thousands	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	3,239,141
Gross profit margin		41.67%	39.92%	40.46%	40.24%	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%	40.81%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,579,407K ÷ $3,790,486K
= 41.67%

Qorvo Inc's gross profit margin has shown fluctuations over the past years, as per the provided data. Starting at 40.81% in March 2020, the margin gradually increased to 49.30% by December 2021, indicating improved efficiency in generating revenue from its core operations. However, from March 2022 onwards, there was a decline in the gross profit margin, dropping to 36.53% by December 2023. This decrease could be attributed to various factors such as changes in pricing strategies, cost structures, or competitive pressures within the industry.

In the subsequent periods, the margin recovered slightly, reaching 41.67% by December 2024. It is crucial for Qorvo Inc to closely monitor its gross profit margin as it directly impacts the company's profitability and overall financial health. Management should continue to focus on cost control measures, operational efficiencies, and pricing strategies to maintain a healthy and sustainable gross profit margin in the long term.