Qorvo’s Revenue by Segment (2016-2022)

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This statistics highlights Qorvo’s Revenue by Segment, split between Infrastructure and Defense Products, Mobile Products, and All others, reported on quarterly basis from Q1 2016 onwards.
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This statistics highlights Qorvo’s Revenue by Segment, split between Infrastructure and Defense Products, Mobile Products, and All others, reported on quarterly basis from Q1 2016 onwards.

Qorvo’s Revenue by Segment

Revenue by Segment  Q2 2021 Q1 2022 Q2 2022 Contribution in Q2 2022 
Infrastructure & Defense Products (IDP) $305.99 $274.21 $259.51 2067.00%
Mobile Products (MP) $754.29 $836.13 $995.63 7931.00%
All Other
Total 1,060 1,110 1,255 100%

(All the figures in millions, except percentages)

Qorvo reported total revenue of $1.84 billion in the year 2021, which increased to $2.36 billion, indicating a year-on-year growth of 28.26%.

In Q2 2021, the company’s generation of total revenue from its different segments was $1.06 billion, which showed a rise in Q2 2022 by earning $1.25 billion, indicating a quarter-on-quarter growth of 17.92%. In Q1 2022, the company earned revenue of $1.10 billion, which increased in comparison to Q2 2021, and in Q2 2022, it showed a quarter-on-quarter growth of 13.63%.

Qorvo’s Revenue by Segment is further bifurcated in the following:

Infrastructure & Defense Products (IDP)

This segment creates defense technologies from fighter aircraft to space exploration and advanced communications systems. The company provides a portfolio for defense communications that includes leading-edge technology and reliability to improve system presentation. 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 satellites, and monitoring weather across the globe.The company has launched components including PAs, LNAs, gain blocks, switches, phase shifters, VCOs, and attenuators, under Space Infrastructure.

Economic trends observed:

In the year 2021, the segment Infrastructure and Defense Products (IDP) generated revenue of $625.04 million, showed a slight decline, and earned revenue of $533.76 million, in the next year 2022, indicating a year-on-year fall of 14.60%.

In Q2 2021, the company generated revenue from its segment Infrastructure and Defense Products was $305.99 million, which was more than the preceding quarters; however, it decreased in Q2 2022 by 15.19%. In Q1 2022, this segment earned revenue of $274.21. But a slight decrease was observed by 17.31% in the segment; it earned revenue of $259.51 million and contributed 20.67% to the total revenue of the company.

Mobile Products

Mobile Products include smartphones, tablets, and other mobile devices, that can be taken anywhere. Also, enables a wide range of applications, from the internet of things, and automative, cable T.V, and more. It also allows connecting to the world. Provides customized mobile solutions, it is the forefront of the 5G connected world. Provides faster and more reliable.

The company also makes available multiplexers and discrete RF filters/ duplexers to help tackle the toughest interference problems for mobile devices. The segment Mobile Products is one of the major earning sources of the QORVO Company and it contributes around 80% every quarter to the total revenue of the company.

Economic trends observed:

In the year 2021, the segment Mobile Products reported revenue of $1.22 billion, which further earned revenue of $1.83 billion, in the next year 2022, indicating a year-on-year growth of 33.33%.

In Q2 2021, Mobile Products earned revenue of $754.29, which further increased to $995.63 in the quarter Q2 2022, showing a quarter-on-quarter growth of 31.99%. Similarly, in Q1 2022, the segment Mobile Products showed an increase in comparison to the previous quarter and earned revenue of $836.13 million, which increased in Q2 2022, indicating a quarter-on-quarter growth of 19.07%, and also contributed 79.31% to the total revenue of the company.

All Other

All other segments include services provided to its customers. Automotive, Internet things, and 5G the future of RF, globally. The company that has not provided any data related to its other segment, all other segments has been closed by the company in the starting quarter of 2019.

About the Company

Qorvo is a public and American company. It was founded in 2014. The company is headquartered in Greensboro, NCV, US. It has been 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.

Qorvo has 49 offices in over 19 countries. These countries include China, Belgium, Denmark, Costa Rica, and France. 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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