Customer concentration
A large share of revenue comes from a small number of customers, so share loss or demand changes can materially affect sales.
- Scope
- Apple and Samsung are major customers
- Materiality
- high
Qorvo, Inc.
Qorvo, Inc. designs and manufactures radio frequency, analog mixed-signal, power management, connectivity, sensor, and advanced cellular solutions for wireless, wired, and power applications. Its products are sold globally to OEMs and ODMs across mobile devices, automotive, defense and aerospace, infrastructure, industrial, enterprise, and consumer end markets through direct sales and distribution channels.
15,3 %
45,9 %
9,2 %
−1,1 %
3.24
2.46
| % | |
|---|---|
| High Performance Analog (HPA) | 45% RF, analog mixed-signal, and power management products for consumer, defense, infrastructure, industrial, and mobile markets. |
| Advanced Cellular Group (ACG) | 40% Advanced cellular RF solutions used in smartphones, wearables, laptops, tablets, and other connected devices. |
| Connectivity and Sensors Group (CSG) | 15% Connectivity and sensor products including UWB, BLE, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS sensors. |
Qorvo sells to OEMs and ODMs that integrate its chips into mobile devices, connected consumer products, and industrial...
- Mobile device OEMs and contract manufacturersprimary
Buy RF front-end and advanced cellular solutions for smartphones, wearables, tablets, and laptops.
- Defense and aerospace customersprimary
Buy RF and analog products for radar, communications, and electronic warfare programs.
- Consumer and IoT device makerssecondary
Buy connectivity and sensor solutions for Wi-Fi, UWB, BLE, Zigbee, Thread, and IoT devices.
- Infrastructure, industrial, and enterprise customerssecondary
Buy RF and connectivity components for broadband, networking, and industrial systems.
- Automotive customersemerging
Buy connectivity and sensing solutions for in-vehicle wireless and sensing applications.
Qorvo sells worldwide, with products designed in the United States and shipped to U.S...
- •Global sales to U.S. and international OEMs and ODMs
- •U.S. market is important for defense, infrastructure, and enterprise
- •Asia is critical for smartphone and contract manufacturing demand
- •Sales and support centers are located near customers worldwide
- •Distribution channels extend reach into multiple end markets
Qorvo is prioritizing higher-value RF content, connectivity, and defense/aerospace opportunities where its process...
01
Increase content in premium mobile devicesshort-term
Higher RF content in flagship phones supports stronger socket value and offsets lower-content mass-market devices.
02
Expand defense and aerospace exposuremedium-term
Defense programs can provide differentiated demand for high-performance RF and analog products.
03
Grow connectivity and sensing platformsmedium-term
Wi-Fi, UWB, BLE, Thread, and IoT solutions broaden the product mix beyond mobile handsets.
04
Optimize manufacturing and product mixshort-term
Better utilization and a shift toward higher-value products can improve operating leverage and resilience.
Qorvo’s results depend on design wins, customer launch timing, and product cycles, especially in mobile devices where...
Mobile content and product-cycle volatility
RF content per handset changes with device mix and launch timing, making revenue sensitive to smartphone platform shifts.
- Scope
- Advanced cellular and mobile RF products
- Materiality
- high
Manufacturing and supply-chain execution
Poor yields, supplier quality issues, or facility disruptions can reduce output and hurt customer service.
- Scope
- Internal manufacturing and outsourced supply chain
- Materiality
- high
Defense and aerospace program timing
Orders can be delayed or canceled and spending levels can change with government budgets and contractor schedules.
- Scope
- Radar, communications, and electronic warfare programs
- Materiality
- medium
Distributor and channel risk
Third-party distributors handle demand creation, support, stocking, and collections, adding credit and compliance exposure.
- Scope
- Global indirect sales channels
- Materiality
- medium
Point-in-time revenue recognition
Quarterly comparability
Goodwill and intangible asset impairment
Operating income and balance sheet carrying values
Multi-performance-obligation estimates
Revenue timing and mix
Fair value estimates in acquisitions
Purchase accounting and future impairment risk
: 29.4.2026