Forensic Analysis · Semiconductors · as of Sep 25, 2026
Qorvo, Inc. (QRVO)
A forensic read on Qorvo, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
6.8
Distress distance
Clean
Earnings quality
2
Forensic signals
25.9
P / E (ttm)
10.1%
ROE
$10.6B
Market cap
-1.1%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Qorvo, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 6.8, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.
What the filings flag
$402M
FY2024–FY2026
Goodwill impairments.Took $402M of goodwill writedowns across 3 years (FY2024 ($221M), FY2025 ($144M), FY2026 ($37M)) — about 124% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
9.0%
FY2026
Return on invested capital.Return on invested capital is 9.0% in the latest fiscal year and rising across FY2024–FY2026 from 1.3%. After-tax operating profit was $60M in FY2024 and $350M in FY2026, with operating income at 2.4% of revenue in FY2024, 2.6% in FY2025 and 11.2% in FY2026. The capital base behind it cannot be compared across FY2024–FY2026: short-term debt is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged. FY2024's operating profit carried a $221M goodwill write-off and a $44M restructuring charge that alone took about 3.6 points off that year's return, so about 3.6 of the 7.7-point rise across FY2024–FY2026 is that charge leaving the base year rather than the capital earning more. FY2025's operating profit carried a $144M goodwill write-off that alone took about 2.9 points off that year's return; FY2025 sits between the two ends of FY2024–FY2026, so the charge shapes the path between them without moving the change across it.
Key fundamentals
Latest Revenue$3.68B
Revenue Growth YoY-1.1%
Revenue CAGR (2yr)-1.2%
Net Margin9.2%
Free Cash Flow$679.6M
Return on Equity10.1%
Debt / Equity0.46x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Qorvo, Inc.'s actual 10-K/10-Q/8-K filings?