Demonstrações financeiras detalhadas de Qorvo, Inc. (QRVO): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Qorvo, Inc. registou receitas de $3.68B no último exercício, com um CAGR de 5 anos de -1.7%. O lucro líquido atingiu $339.0M, com CAGR de 5 anos de -14.3%.
Margens dos últimos 12 meses: margem bruta 48.2%, margem operacional 13.1%, margem líquida 11.0%. O fluxo de caixa livre cresceu a CAGR de -9.4% em 5 anos.
Ao preço atual de $113.97, QRVO negocia a um P/L de 26.69 e um ROE de 11.39%. A capitalização de mercado é de $10.1B, colocando-a entre as empresas large-cap.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $3.03B | $2.97B | $3.09B | $3.24B | $4.02B | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B |
| Custo da Receita | $1.90B | $1.83B | $1.90B | $1.92B | $2.13B | $2.36B | $2.27B | $2.28B | $2.18B | $1.99B |
| Lucro Bruto | $1.14B | $1.15B | $1.20B | $1.32B | $1.88B | $2.29B | $1.30B | $1.49B | $1.54B | $1.69B |
| P&D | $470.8M | $445.1M | $450.5M | $484.4M | $570.4M | $623.6M | $649.8M | $682.2M | $747.7M | $726.1M |
| Despesas Gerais e Administrativas | $545.6M | $527.8M | $476.1M | $343.6M | $367.2M | $349.7M | $358.8M | $389.1M | $403.6M | $380.7M |
| Despesas Operacionais | $1.05B | $1.08B | $978.7M | $898.5M | $976.9M | $1.06B | $1.11B | $1.40B | $1.44B | $1.28B |
| Lucro Operacional | $88.1M | -$637.5M | $216.5M | $423.2M | $906.6M | $1.23B | $183.2M | $91.7M | $95.5M | $411.4M |
| EBITDA | $790.8M | $790.9M | $798.9M | $924.4M | $1.34B | $1.61B | $531.9M | $463.7M | $441.1M | $730.1M |
| Despesas com Juros | $58.9M | $59.5M | $44.0M | $60.4M | $75.2M | $63.3M | $68.5M | $69.2M | $78.3M | $73.1M |
| Lucro Antes de Impostos | $27.3M | $17.1M | $91.8M | $395.1M | $807.4M | $1.18B | $124.6M | $73.6M | $65.9M | $398.3M |
| Imposto | $43.9M | $57.4M | -$41.3M | $60.8M | $73.8M | $147.7M | $21.5M | $143.9M | $10.3M | $59.3M |
| Lucro Líquido | -$16.6M | -$40.3M | $133.1M | $334.3M | $733.6M | $1.03B | $103.2M | -$70.3M | $55.6M | $339.0M |
| LPA | $-0.13 | $-0.32 | $1.07 | $2.86 | $6.43 | $9.38 | $1.01 | $-0.72 | $0.59 | $3.66 |
| LPA Diluído | $-0.13 | $-0.32 | $1.05 | $2.80 | $6.32 | $9.26 | $1.00 | $-0.72 | $0.58 | $3.62 |
| Ações em Circulação (Diluídas) | $127.1M | $126.9M | $127.4M | $119.3M | $116.0M | $111.5M | $103.0M | $97.6M | $95.5M | $93.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.06B | $993.0M | $808.3M | $784.8M |
| Lucro Bruto | $497.1M | $464.2M | $395.0M | $401.0M |
| Lucro Operacional | $157.7M | $192.1M | $31.5M | $96.8M |
| EBITDA | $240.3M | $269.6M | $102.2M | $166.5M |
| Lucro Líquido | $119.6M | $164.1M | $29.7M | $85.8M |
| LPA | $1.29 | $1.77 | $0.32 | $0.97 |
| LPA Diluído | $1.28 | $1.75 | $0.32 | $0.96 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $545.5M | $926.0M | $711.0M | $714.9M | $1.40B | $972.6M | $808.8M | $1.03B | $1.02B | $1.22B |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $423.2M | $390.8M | $400.1M | $382.2M | $484.8M | $601.0M | $331.1M | $427.4M | $397.7M | $398.7M |
| Estoque | $430.5M | $472.3M | $511.8M | $517.2M | $507.8M | $755.7M | $796.6M | $710.6M | $641.0M | $553.7M |
| Ativos Circulantes | $1.46B | $1.84B | $1.68B | $1.69B | $2.48B | $2.45B | $2.03B | $2.45B | $2.17B | $2.31B |
| Imobilizado | $1.39B | $1.37B | $1.37B | $1.26B | $1.27B | $1.25B | $1.15B | $871.0M | $801.9M | $710.4M |
| Ágio | $2.17B | $2.17B | $2.17B | $2.61B | $2.64B | $2.78B | $2.76B | $2.53B | $2.39B | $2.35B |
| Ativos Intangíveis | $1.40B | $860.3M | $408.2M | $808.9M | $611.2M | $674.8M | $537.7M | $509.4M | $273.5M | $121.5M |
| Ativos Totais | $6.52B | $6.38B | $5.81B | $6.56B | $7.22B | $7.51B | $6.69B | $6.55B | $5.93B | $5.83B |
| Contas a Pagar | $216.2M | $213.2M | $233.3M | $247.0M | $313.9M | $327.9M | $210.7M | $253.0M | $260.7M | $242.9M |
| Dívida de Curto Prazo | 0 | 0 | $80000 | $6.9M | $5.1M | $791000 | $310000 | $438.7M | 0 | 0 |
| Passivos Circulantes | $418.8M | $441.3M | $435.6M | $539.0M | $681.6M | $675.1M | $555.8M | $1.23B | $783.2M | $712.8M |
| Dívida de Longo Prazo | $989.2M | $983.3M | $920.9M | $1.57B | $1.74B | $2.05B | $2.05B | $1.55B | $1.55B | $1.55B |
| Passivos Totais | $1.63B | $1.61B | $1.45B | $2.27B | $2.59B | $2.96B | $2.79B | $3.00B | $2.54B | $2.48B |
| Reservas | -$456.4M | -$458.8M | -$321.2M | 0 | $355.0M | $512.1M | $84.5M | -$89.6M | -$34.0M | $38.8M |
| Patrimônio Líquido | $4.90B | $4.78B | $4.36B | $4.29B | $4.63B | $4.55B | $3.90B | $3.56B | $3.39B | $3.34B |
| Dívida Total | $989.2M | $983.3M | $921.0M | $1.57B | $1.75B | $2.05B | $2.05B | $1.99B | $1.55B | $1.55B |
| Dívida Líquida | $443.7M | $57.3M | $210.0M | $859.2M | $349.8M | $1.07B | $1.24B | $958.8M | $528.0M | $330.1M |
| Capital de Giro | $1.04B | $1.40B | $1.25B | $1.15B | $1.80B | $1.77B | $1.47B | $1.22B | $1.38B | $1.59B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $1.10B | $1.32B | $1.22B | $1.33B |
| Ativos Totais | $6.10B | $6.16B | $5.83B | $5.94B |
| Passivos Totais | $2.59B | $2.47B | $2.48B | $2.47B |
| Patrimônio Líquido | $3.51B | $3.70B | $3.34B | $3.47B |
| Dívida Total | $1.55B | $1.55B | $1.55B | $1.55B |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$16.6M | -$40.3M | $133.1M | $334.3M | $733.6M | $1.03B | $103.2M | -$70.3M | $55.6M | $339.0M |
| Depreciação e Amortização | $704.6M | $714.2M | $663.1M | $468.9M | $456.1M | $361.4M | $338.8M | $320.9M | $296.8M | $258.6M |
| Compensação em Ações | $88.8M | $68.2M | $71.6M | $76.0M | $89.3M | $83.5M | $105.6M | $120.8M | $136.3M | $136.1M |
| Variação Capital de Giro | $20.9M | $90.7M | -$96.1M | $92.2M | -$21.7M | -$523.8M | $97.0M | $142.4M | -$6.4M | $41.6M |
| Fluxo de Caixa Operacional | $776.8M | $852.5M | $810.4M | $945.6M | $1.30B | $1.05B | $843.2M | $833.2M | $622.2M | $808.6M |
| CapEx | -$552.7M | -$269.8M | -$220.9M | -$164.1M | -$187.0M | -$213.5M | -$159.0M | -$127.2M | -$137.6M | -$129.1M |
| Aquisições | -$118.1M | 0 | 0 | -$946.0M | -$47.1M | -$389.1M | -$95000 | -$63.0M | 0 | 0 |
| Recompra de Ações | -$209.4M | -$219.9M | -$638.1M | -$515.1M | -$515.1M | -$1.15B | -$861.8M | -$400.1M | -$356.3M | -$532.6M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $224.1M | $582.7M | $589.4M | $781.5M | $1.11B | $835.8M | $684.3M | $706.0M | $484.6M | $679.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $84.0M | $265.4M | $276.3M | $139.5M |
| CapEx | -$41.8M | -$28.5M | -$21.2M | -$24.1M |
| Fluxo de Caixa Livre | $42.2M | $236.9M | $255.0M | $115.3M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $40.4M | $26.8M | $26.3M | $34.4M |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | -1.9% | +3.9% | +4.8% | +24.0% | +15.7% | -23.2% | +5.6% | -1.3% | -1.1% |
| Crescimento Lucro Líquido (anual) | | -143.3% | +430.4% | +151.1% | +119.4% | +40.9% | -90.0% | -168.2% | +179.1% | +509.5% |
| Crescimento LPA (anual) | | -146.2% | +434.4% | +167.3% | +124.8% | +45.9% | -89.2% | -171.3% | +181.9% | +520.3% |
| Variação de Ações (anual) | | -0.1% | +0.3% | -6.3% | -2.7% | -3.9% | -7.6% | -5.3% | -2.2% | -2.0% |
| Crescimento FCF (anual) | | +160.0% | +1.2% | +32.6% | +42.7% | -25.0% | -18.1% | +3.2% | -31.4% | +40.2% |
| Margem Bruta | 37.4% | 38.6% | 38.7% | 40.8% | 46.9% | 49.2% | 36.3% | 39.5% | 41.3% | 45.9% |
| Margem Operacional | 2.9% | -21.4% | 7.0% | 13.1% | 22.6% | 26.4% | 5.1% | 2.4% | 2.6% | 11.2% |
| Margem EBITDA | 26.1% | 26.6% | 25.9% | 28.5% | 33.3% | 34.6% | 14.9% | 12.3% | 11.9% | 19.8% |
| Margem Líquida | -0.5% | -1.4% | 4.3% | 10.3% | 18.3% | 22.2% | 2.9% | -1.9% | 1.5% | 9.2% |
| Margem FCF | 7.4% | 19.6% | 19.1% | 24.1% | 27.8% | 18.0% | 19.2% | 18.7% | 13.0% | 18.5% |
| Taxa Efetiva de Imposto | 160.6% | 335.0% | -45.0% | 15.4% | 9.1% | 12.5% | 17.2% | 195.6% | 15.6% | 14.9% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $1.76 | $4.59 | $4.63 | $6.55 | $9.61 | $7.49 | $6.64 | $7.24 | $5.08 | $7.26 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $126.5M | $126.3M | $124.5M | $117.0M | $114.0M | $111.5M | $102.2M | $97.6M | $94.6M | $92.6M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 11.39% |
| Retorno sobre capital investido | 7.78% |
| Retorno sobre ativos | 6.72% |
| Margem bruta | 48.22% |
| Margem operacional | 13.12% |
| Margem líquida | 10.95% |
Saúde financeira
| Dívida / Patrimônio | 0.45 |
| Liquidez corrente | 3.54 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 2.93 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -527.38 | -220.16 | 68.42 | 28.21 | 30.00 | 12.95 | 100.56 | -159.49 | 121.19 | 21.13 |
| P/VP | 1.77 | 1.86 | 2.09 | 2.20 | 4.75 | 2.98 | 2.66 | 3.15 | 1.99 | 2.14 |
| P/V | 2.86 | 2.99 | 2.95 | 2.91 | 5.48 | 2.92 | 2.91 | 2.97 | 1.82 | 1.95 |
| Margem Bruta | 37.4% | 38.6% | 38.7% | 40.8% | 46.9% | 49.2% | 36.3% | 39.5% | 41.3% | 45.9% |
| Margem Operacional | 2.9% | -21.4% | 7.0% | 13.1% | 22.6% | 26.4% | 5.1% | 2.4% | 2.6% | 11.2% |
| Margem Líquida | -0.5% | -1.4% | 4.3% | 10.3% | 18.3% | 22.2% | 2.9% | -1.9% | 1.5% | 9.2% |