Qorvo

Halal Rating :
Comfortable
Last Price $72.3
Market Cap $6.76b
1D Change

0.89 %

1 Year Change

-27.35 %

Next Earnings Date

Yet to be announced

Company Overview

Qorvo, Inc. is a leading provider of core technologies and radio frequency (RF) solutions for mobile, infrastructure, and aerospace/defense applications. The company designs, manufactures, and supplies RF systems and solutions for applications that drive wireless and broadband communications, as well as foundry services.

The company's products include power amplifiers, filters, switches, integrated modules, and other RF solutions that are used in mobile devices, wireless infrastructure, defense and aerospace applications, WiFi customer premises equipment, and Internet of Things applications.

Revenue Sources

Pass

Based on Qorvo's SEC filings and financial reports, the company's revenue is primarily derived from the design and manufacture of RF solutions and semiconductor products. These are halal products that serve legitimate business purposes in telecommunications and electronics. The company does not generate revenue from prohibited activities such as gambling, alcohol, tobacco, or other haram sources.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 28, 2024 $916.32m $881.95m - $18.66m 0.00% 2.12%
Sept. 28, 2024 $1.05b $1.06b - $22.59m 0.00% 2.13%
June 29, 2024 $886.67m $899.16m - $17.09m 0.00% 1.90%
March 30, 2024 $940.99m $928.29m - $17.28m 0.00% 1.86%

For the most recent four quarters, Qorvo's interest expenses relative to total expenses have remained consistently low. The interest expense ratios calculated from the provided financial data show that interest-related activities are not a material part of the company's business model. The company primarily uses debt for operational purposes rather than as a core revenue stream.

Operational Ethics

Pass

Based on review of Qorvo's public disclosures and operations, there is no evidence of direct material ongoing collaboration with entities involved in human rights violations. While the company operates globally, including having operations in China, there is no clear evidence of substantial direct ties to the Chinese Communist Party. The company does not appear to have current operations or R&D centers in Israel.

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