What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Qorvo (QRVO) spend its free cash flow?

For TTM through Q1 2026, Qorvo generated $809M of operating cash flow and $680M of free cash flow — a free cash flow margin of 84% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Qorvo (QRVO) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Qorvo's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Qorvo (QRVO) Cash Flow Waterfall

Operating CF

$809M

Capex

-$129M

Free Cash Flow

$680M

FCF Margin

+84.0%

Cash flow waterfall for Qorvo (QRVO) — TTM through Q1 2026

Free cash flow: $680M

Cash flow breakdown for Qorvo (QRVO) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$809M	$809M
Capital Expenditure	-$129M	$680M
Free Cash Flow	$680M	$680M
Other Investing	$85.5M	$765M
Share Buybacks	-$533M	$232M
Other Financing & FX	-$34.6M	$198M
Net Cash Increase	$198M	$198M

Operating Cash Flow$809M
Capital Expenditure-$129M
Free Cash Flow$680M
Other Investing$85.5M
Share Buybacks-$533M
Other Financing & FX-$34.6M
Net Cash Increase$198M

Want to see what drove the FCF change?Free Cash Flow Bridge

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