Qorvo’s Revenue by Region (2013-2022)

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This statistic highlights Qorvo’s Revenue by Region, split between Asia, China, Europe, Taiwan, United States and Other Asia, reported annually since 2013.
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This statistic highlights Qorvo’s Revenue by Region, split between Asia, China, Europe, Taiwan, United States and Other Asia, reported annually since 2013.

Qorvo’s Revenue by Region

Qorvo’s Revenue by Region  2019  2020  2021 Contribution in 2021
China $1,094.06 $1,106.67 $1,579.01 39.32%
Europe $156.19 $154.36 $192.94 4.80%
Taiwan $188.74 $169.33 $248.70 6.19%
United States $1,379.52 $1,468.35 $1,631.11 40.62%
Other Asia $271.79 $340.40 $363.52    9 .05%
Total $3,090.32 $3,239.14 $4,015.30 100%

(All the figures in millions, except percentages)

In the year 2019, the company reported total revenue of $3,090.32 million; it further increased to $3,239.14 million, indicating a year-on-year growth of 4.5%. In the year 2021, the company generated total revenue of $4,015.30 million, which is greater than the preceding years; it made a year-on-year growth of 23.10%.

The revenue of Qorvo is further bifurcated in the following customer’s locations:

China

It is the second-highest earning source of the company Qorvo. This particular customer location contributes approx. 39% to the overall revenue of the company, every year.

Economics trends observed:

The revenue of the China customer location increased to $1106.00 million from $1,090.00 million in the year 2020, indicating a year-on-year growth of 0.9%. In the year 2021, the China customer location earned revenue of $1,576.00 million, which is greater than preceding years, it made a year-on-year growth of 42.72% with the year 2020.

Europe

Economic trends observed:

In the year 2019, Europe customer locations earned revenue of $1,56.19 million, which further showed a slight decrease in the year 2020, and earned revenue of $1,54.36 million, a fall of 1.17%. However, in the year 2021. The revenue of the company from Europe increased to $1,94.94 million, which was greater than the preceding years; it made a year-on-year growth of 24.99% for the year 2020.

Taiwan

Economic trends observed:

The Taiwan customer location recorded revenue of $188.74 million in the year 2019, which further showed a slight decrease and earned revenue of $169.33 million, indicating a year-on-year fall of 10.28%. However, in the year 2021, the customer location revenue increased and it earned revenue of $248.70 million, showing a year-on-year growth of 46.87%.

United States

Economic trends observed:

It is one of the major sources of earning revenue for the Qorvo Company. In the year 2019, the company generated revenue from the United States customer location of $1,376.00 million, which further increased to $1,466.00 million, indicating a year-on-year growth of 6.56%. In the year 2021, it earned revenue of $1,633.00 million, which is more than previous years, showing a year-on-year growth of 11.64%.

Other Asia

Other Asia includes countries named Thailand, Japan, South Korea, and others.

Other Asia earned total revenue of $271.79 million, in the year 2019, which further increased in the next year 2020 to $340.40 million, indicating a year-on-year growth of 25.27%. In the year 2021, the revenue of the company from customer locations in Other Asia increased to $363.52 million, indicating a year-on-year growth of 6.79%. The company contributed 9.05% to the total revenue of the company in the year 2021.

About the Company

Qorvo is a public and American company. The company was founded in 2014 and was inaugurated on January 1, 2015. Qorvo is headquartered in Greensboro, NCV, US. It has empowered for next-cohort defense and space technologies, it offers the core of advanced radar, space communications, and electronic warfare. It also provides radio frequency (RF) solutions, amplifiers, control products, discrete transistors, filters and duplexers, frequency converters, and sources.

The company provides network infrastructure, wireless infrastructure, aerospace, and more. Radar is also offered by the company under this segment which is to avoid a collision, for navigating, terrain mapping, controlling air traffic, protecting satellite, and monitoring weather across the globe. The company also makes available multiplexers and discrete RF filters/ duplexers to help tackle the toughest interference problems for mobile devices.

Qorvo has 49 offices in over 19 countries. The company trades on NASDAQ (National Association of Securities Dealers Automated Quotations). Qorvo faces stiff competition from Qualcomm, Analog Devices, Broadcom, Skyworks, and Murata Manufacturing.

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