• Qorvo average gross margin for 2023 was 35.75%, a 22.13% increase from 2022.
• Qorvo average gross margin for 2022 was 45.91%, a 5.34% decline from 2021.
• Qorvo average gross margin for 2021 was 48.5%, a 13.29% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.