Qorvo® Announces Fiscal 2021 Second Quarter Financial Results

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)

  Three Months Ended
(in thousands, except percentages) October 3, 2020  June 27, 2020  September 28, 2019
GAAP gross profit/margin$491,550 46.4% $325,789 41.4% $323,582 40.1%
Amortization of intangible assets52,149 4.9% 51,945 6.6% 38,310 4.8%
Restructuring related charges %  % 1,034 0.1%
Stock-based compensation expense3,600 0.3% 4,616 0.6% 2,372 0.3%
Accelerated depreciation %  % 5,578 0.7%
Other non-cash expenses627 0.1% 125 % 4,265 0.5%
Non-GAAP gross profit/margin$547,926 51.7% $382,475   48.6 %   $ 375,141   46.5 %

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