Qorvo (QRVO) AI Stock Analysis

• Market Cap: $6.94B
• Dividend Yield: N/A
• Average Volume (3M): 2.21M
• Price to Earnings (P/E): 126.8
• Beta (1Y): 1.68
• Revenue Growth: -1.34%
• EPS Growth: N/A
• Country: US
• Employees: 8,700
• Sector: Technology
• Sector Strength: 76
• Industry: Semiconductors
• EPS (TTM): 1.42
• Shares Outstanding: 93,025,180
• 10 Day Avg. Volume: 1,685,204
• 30 Day Avg. Volume: 2,206,793
• PEG Ratio: 1.15
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $81.23
• Price Target Upside: 8.89% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 14

• Rating: 72 Outperform
• Price Target: $85.00 ▲( 13.94% Upside)

Qorvo's stock score is primarily supported by positive technical indicators and strategic guidance from the earnings call, despite challenging financial performance and a high valuation. Corporate events further bolster the outlook with a strategic focus on growth.

Positive Factors

Earnings

Qorvo reported better March results and June guidance, largely driven by upside in the Advanced Cellular Group.

Operational Performance

Qorvo is executing well on its margin enhancement initiatives, including a favorable mix shift toward its high-margin Defense and Aerospace business.

Product Development

A significant content increase in Apple's and Samsung's new product lines is encouraging for Qorvo's future performance.

Negative Factors

Market Conditions

The lower multiple reflects macro uncertainty.

Revenue Decline

ACG revenues could still be down approximately mid-single-digit percent year-over-year in FY26 largely due to the decline in the Android mid-tier market.

Qorvo Business Overview & Revenue Model

Company Description

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, filters, and switches; and cellular base stations include switch-low noise amplifier (LNA) modules, variable gain amplifiers, integrated power amplifier (PA) Doherty modules, discrete LNAs, and high power GaN amplifiers. The company's also provides SiC products, such as Schottky diodes and transistors for automotive, industrial, IT infrastructure and renewable energy markets; SoC hardware, firmware, and application software for smart home applications; power management solutions include programmable power management integrated circuits (ICs) and power application controllers; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; RF connectivity and UWB SoC solutions for automotive connectivity; and Wi-Fi products, such as PAs, switches, LNAs and bulk acoustic wave filters, as well as integrated solutions including front end modules (FEMs) and integrated FEMs. It sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

How the Company Makes Money

Qorvo makes money by designing, manufacturing, and selling a broad portfolio of RF solutions and semiconductor products to original equipment manufacturers (OEMs) and other technology companies. A significant portion of its revenue comes from the sale of components used in mobile devices, such as smartphones and tablets, where its RF modules and filters are essential for wireless communication. Additionally, Qorvo generates income from providing RF solutions for telecommunications infrastructure, including base stations and networking equipment that support 4G and emerging 5G networks. The company also earns revenue in defense and aerospace markets by supplying RF technologies for radar and communications systems. Strategic partnerships and collaborations with leading tech companies further bolster Qorvo's market presence and contribute to its earnings by expanding its product offerings and access to new markets.

Qorvo Financial Statement Overview

Summary

Qorvo faces challenges with declining revenue and profitability, and moderate leverage, but shows strong cash generation capability. Concerns are raised by a negative ROE and declining revenue growth, impacting overall financial health.

Income Statement

Qorvo has shown a significant decrease in revenue and profitability over recent years. The Net Profit Margin for TTM is 2.11%, indicating limited profitability. Revenue growth is negative compared to previous periods, reflecting challenges in maintaining sales momentum. EBITDA Margin for TTM is 9.78%, demonstrating moderate operational efficiency.

Balance Sheet

The Balance Sheet highlights concerns with the Debt-to-Equity Ratio at 0.56 in the latest annual report, indicating moderate leverage. The ROE is negative in the latest annual period, reflecting challenges in generating returns for shareholders. The absence of stockholders' equity and liabilities data in the TTM period raises concerns about transparency and financial health.

Cash Flow

Qorvo's cash flow statement shows a positive Free Cash Flow to Net Income Ratio in TTM, indicating strong cash generation capability. Operating Cash Flow is robust, though declining from previous years, suggesting operational cash flow strength but potential future challenges if trends continue.

Breakdown
TTM	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Mar 2020
Income Statement		Total Revenue
3.79B	3.77B	3.57B	4.65B	4.02B	3.24B
	Gross Profit
1.58B	1.49B	1.30B	2.29B	1.88B	1.32B
	EBIT
178.75M	91.70M	183.17M	883.00M	426.47M	-13.45M
	EBITDA
459.25M	463.74M	531.94M	1.61B	1.34B	924.41M
	Net Income Common Stockholders
26.98M	-70.32M	103.15M	1.03B	733.61M	334.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.03B	1.03B	808.76M	972.59M	1.40B	714.94M
	Total Assets
6.55B	6.55B	6.69B	7.51B	7.22B	6.56B
	Total Debt
2.05B	1.99B	2.05B	2.05B	1.74B	1.57B
	Net Debt
1.02B	958.75M	1.24B	1.07B	344.67M	852.29M
	Total Liabilities
3.00B	3.00B	2.79B	2.96B	2.59B	2.27B
	Stockholders Equity
3.56B	3.56B	3.90B	4.55B	4.63B	4.29B
Cash Flow		Free Cash Flow
483.56M	705.96M	684.28M	835.78M	1.11B	781.54M
	Operating Cash Flow
625.36M	833.19M	843.23M	1.05B	1.30B	945.65M
	Investing Cash Flow
-172.26M	-136.47M	-153.41M	-595.96M	-218.66M	-1.11B
	Financing Cash Flow
-772.66M	-459.57M	-853.35M	-875.51M	-401.92M	165.56M

Qorvo Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 74.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QRVO, the sentiment is Neutral. The current price of 74.6 is above the 20-day moving average (MA) of 73.81, above the 50-day MA of 68.58, and below the 200-day MA of 81.64, indicating a neutral trend. The MACD of 3.03 indicates Positive momentum. The RSI at 55.04 is Neutral, neither overbought nor oversold. The STOCH value of 29.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for QRVO.

Qorvo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAMT	79 Outperform	$2.96B	24.58	24.82%	2.05%	32.63%	46.16%
QRVO	72 Outperform	$6.94B	126.85	1.60%	―	-1.34%	―
SWKS	71 Outperform	$10.42B	27.10	6.70%	4.01%	-12.90%	-51.90%
MTSI	69 Neutral	$9.05B	138.48	-7.70%	―	32.63%	-233.25%
ON	69 Neutral	$17.25B	28.63	7.85%	―	-18.28%	-70.98%
Sector *	61 Neutral	$11.29B	10.07	-7.05%	2.96%	7.47%	-10.75%
ALGM	60 Neutral	$4.70B	―	-7.09%	―	-30.91%	-148.73%

Qorvo Corporate Events

Qorvo Approves Performance-Based Stock Units for Executives

On May 15, 2025, Qorvo‘s Compensation Committee approved performance-based restricted stock units (PBRSUs) for fiscal year 2026 under the 2022 Stock Incentive Plan for its executive officers. These PBRSUs are tied to the company’s achievement of key initiatives and gross margin objectives, aiming to enhance long-term stockholder value. The Performance Objective PBRSUs are linked to specific goals like customer design wins, AI tool development, and environmental targets, while the Gross Margin PBRSUs focus on achieving non-GAAP gross margin goals over three fiscal years. This strategic move is expected to align executive performance with company growth and operational efficiency, potentially impacting Qorvo’s market positioning and stakeholder interests.

The most recent analyst rating on (QRVO) stock is a Buy with a $128.00 price target. To see the full list of analyst forecasts on Qorvo stock, see the QRVO Stock Forecast page.

Qorvo Updates Bylaws to Allow Special Meetings

On May 16, 2025, Qorvo, Inc.’s Board of Directors approved the Third Amended and Restated Bylaws, effective immediately. The new bylaws allow special meetings of stockholders to be called by those holding at least 25% of the voting power, a change from the previous bylaws that did not permit stockholder-requested meetings.

The most recent analyst rating on (QRVO) stock is a Buy with a $128.00 price target. To see the full list of analyst forecasts on Qorvo stock, see the QRVO Stock Forecast page.

Qorvo Expands Board, Nominates Peter Feld as Director

On May 16, 2025, Qorvo‘s Board of Directors decided to expand its board to ten members and nominated Peter Feld as a director, recommending shareholders vote for him at the 2025 Annual Meeting. This nomination follows constructive engagement with Starboard Value, with Feld expected to bring valuable technology industry expertise to Qorvo’s board, enhancing its potential for growth and shareholder value.

The most recent analyst rating on (QRVO) stock is a Buy with a $128.00 price target. To see the full list of analyst forecasts on Qorvo stock, see the QRVO Stock Forecast page.

Qorvo Expands Board with New Appointments

On April 12, 2025, Qorvo announced the appointment of Richard L. Clemmer and Chris Koopmans as independent members of its Board of Directors, increasing the board size to nine members. This change is part of a board refreshment initiative aimed at enhancing strategic oversight with experienced industry leaders. Concurrently, David H. Y. Ho retired from the board to focus on other professional commitments. These appointments are expected to support Qorvo’s growth and diversification strategy, enhancing shareholder value and expanding market reach.