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QORVO, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) | |||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||
| (in thousands, except percentages) | September 28, 2024 | June 29, 2024 | September 30, 2023 | ||||||||||||||||||||
| GAAP gross profit/margin | $ | 445,306 | 42.6 | % | $ | 332,304 | 37.5 | % | $ | 489,690 | 44.4 | % | |||||||||||
| Stock-based compensation expense | 6,047 | 0.6 | 5,186 | 0.6 | 7,481 | 0.7 | |||||||||||||||||
| Amortization of intangible assets | 25,523 | 2.4 | 25,827 | 2.9 | 25,591 | 2.3 | |||||||||||||||||
| Restructuring-related charges | 15,414 | 1.4 | — | — | 2,482 | 0.2 | |||||||||||||||||
| Acquisition and integration-related costs | 636 | 0.1 | 1,925 | 0.2 | 1 | — | |||||||||||||||||
| Other income | (885 | ) | (0.1 | ) | (2,586 | ) | (0.3 | ) | — | — | |||||||||||||
| Non-GAAP gross profit/margin | $ | 492,041 | 47.0 | % | $ | 362,656 | 40.9 | % | $ | 525,245 | 47.6 | % | |||||||||||
