Qorvo Inc 2024年度报告

FORM 10-K Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesÍNo‘Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes‘NoÍ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.YesÍNo‘ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesÍNo‘ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerÍAccelerated filer‘Non-accelerated filer‘Smaller reporting company‘Emerging growth company‘If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.‘ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.Í If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.‘ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).‘ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes‘NoÍ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately $9,777,465,384as of September 28, 2024. For purposes of such calculation, shares of common stock held by persons who held more than 10% of theoutstanding shares of common stock and shares held by directors and officers of the registrant and their immediate family members havebeen excluded because such persons may be deemed to be affiliates. This determination is not necessarily conclusive. As of May 12, 2025, there were 93,025,179 shares of the registrant’s common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE The registrant has incorporated by reference into Part III of this report certain portions of its proxy statement for its 2025 annual meeting ofstockholders, which is expected to be filed within 120 days after the end of the registrant’s fiscal year ended March 29, 2025. QORVO, INC. FORM 10-K FOR THE FISCAL YEAR ENDED MARCH 29, 2025 TABLE OF CONTENTS Forward-Looking Information.3 PART I Item 1.Business.3Item 1A.Risk Factors.10Item 1B. Unresolved Staff Comments.24Item 1C. Cybersecurity.24Item 2.Properties.26Item 3.Legal Proceedings.26Item 4.Mine Safety Disclosures.26 PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities.26Item 6.[Reserved]28Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations.29Item 7A.Quantitative and Qualitative Disclosures About Market Risk.37Item 8.Financial Statements and Supplementary Data.39Item 9.Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure.72Item 9A.Controls and Procedures.72Item 9B. Other Information.73Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.73 PART III Item 10.Directors, Executive Officers and Corporate Governance.73Item 11.Executive Compensation.73Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters.73Item 13.Certain Relationships and Related Transactions, and Director Independence.73Item 14.Principal Accountant Fees and Services.73 PART IV Item 15.Exhibits and Financial Statement Schedules.74Item 16.Form 10-K Summary.74Exhibit Index.75Signatures.78 In this Annual Report on Form 10-K, the words “Qorvo,”“we,” “our,” “ours,” “us” and “the Company” refer