Qorvo (QRVO) AI Stock Analysis

• Market Cap: $7.67B
• Dividend Yield: N/A
• Average Volume (3M): 1.90M
• Price to Earnings (P/E): 35.9
• Beta (1Y): 1.84
• Revenue Growth: -7.22%
• EPS Growth: N/A
• Country: US
• Employees: 6,200
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 2.22
• Shares Outstanding: 92,405,540
• 10 Day Avg. Volume: 1,419,830
• 30 Day Avg. Volume: 1,903,292
• PEG Ratio: -0.67
• Price to Book (P/B): 1.99
• Price to Sales (P/S): 1.82
• P/FCF Ratio: 13.96
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 2.50
• Enterprise Value/Gross Profit: 5.69
• Enterprise Value/Ebitda: 11.99
• 1Y Price Target: $100.82
• Price Target Upside: 21.40% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 16
• EPS Forecast (FY): 6.4
• Revenue Forecast (FY): $3.77B

• Rating: 60 Neutral
• Price Target: $86.00 ▲(3.55% Upside)

Qorvo's overall stock score is driven by mixed financial performance and bearish technical indicators. While the earnings call provided positive guidance and highlighted strategic improvements, challenges in key markets and valuation concerns weigh on the score. The absence of a dividend yield further limits the stock's appeal.

Positive Factors

Strong Cash Flow Management

Strong cash flow management indicates efficient operations and financial health, enabling Qorvo to invest in growth opportunities and weather economic fluctuations.

Defense and Aerospace Growth

Growth in defense and aerospace markets leverages increased U.S. and allied defense spending, providing a stable revenue stream and enhancing market position.

Strategic Restructuring

Strategic restructuring aims to enhance profitability by reducing operating expenses, improving efficiency, and focusing on high-margin opportunities.

Negative Factors

Declining Revenue

A decline in revenue indicates challenges in maintaining sales levels, which could impact long-term growth and necessitate strategic adjustments.

Challenges in Android Market

Declining revenue from the Android market suggests competitive pressures and market saturation, potentially affecting future revenue streams.

Profitability Pressures

Low net profit margins indicate profitability pressures, which could strain financial resources and limit the ability to reinvest in growth initiatives.

Qorvo Business Overview & Revenue Model

Company Description

Qorvo, Inc. (QRVO) is a leading provider of innovative RF solutions that enable wireless and wired connectivity across a diverse range of markets. Headquartered in Greensboro, North Carolina, Qorvo operates primarily in the semiconductor industry, focusing on the design and manufacturing of radio frequency (RF) solutions for applications in mobile devices, infrastructure, and defense. The company's core products include high-performance RF components, modules, and systems that cater to the demands of 5G networks, IoT devices, and various consumer electronics.

How the Company Makes Money

Qorvo generates revenue primarily through the sale of its semiconductor products and solutions, which are used in a variety of applications such as mobile communications, automotive, and industrial markets. The company's revenue model is driven by the demand for advanced RF technologies, particularly in the context of the growing 5G infrastructure and the increasing proliferation of IoT devices. Key revenue streams include sales from mobile products, infrastructure and defense products, and advanced technology solutions. Qorvo also benefits from strategic partnerships with major technology firms and network operators, which enhance its market reach and product integration capabilities. Additionally, the company's investment in research and development enables it to innovate and maintain a competitive edge in the rapidly evolving semiconductor landscape.

Qorvo Financial Statement Overview

Summary

Qorvo exhibits solid financial health with strong cash flow generation and a stable balance sheet. Despite declining revenues and profitability pressures, the company maintains operational efficiency and effective cash management strategies. Moderate leverage and high equity ratios further bolster its financial stability. However, challenges in revenue growth and net profit margins suggest the need for strategies to reinvigorate sales and improve profitability.

Income Statement

Qorvo's income statement shows a decline in revenue over recent periods, with a TTM revenue of $3.65 billion compared to $4.65 billion in 2022. Gross profit margin stands at 42.8% and net profit margin at 2.2% in TTM, indicating a squeeze on profitability. The revenue growth rate has been negative, indicating challenges in maintaining sales levels. However, the company maintains a positive EBIT and EBITDA margin of 3.3% and 8.2% respectively, reflecting some operational efficiency amidst declining sales.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.45, indicating moderate leverage. Stockholders' equity of $3.44 billion against total assets of $5.99 billion gives an equity ratio of 57.3%, showcasing financial stability. Return on equity is relatively low at 2.4% in TTM, signaling modest profitability from shareholders' perspective. Overall, the company maintains a healthy balance sheet with manageable debt levels.

Cash Flow

Qorvo demonstrates strong cash flow management with a free cash flow of $587 million in TTM, showing growth compared to previous years. The operating cash flow to net income ratio is robust at 8.96, indicating strong cash conversion from earnings. Free cash flow to net income ratio also stands favorable at 7.27, highlighting efficient cash utilization despite fluctuating net income. The company has managed to sustain healthy cash flows amidst a challenging revenue environment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.66B	3.72B	3.77B	3.57B	4.65B	4.02B
Gross Profit	1.61B	1.54B	1.49B	1.30B	2.29B	1.88B
EBITDA	764.99M	441.06M	463.74M	531.94M	1.61B	1.34B
Net Income	217.83M	55.62M	-70.32M	103.15M	1.03B	733.61M
Balance Sheet
Total Assets	6.10B	5.93B	6.55B	6.69B	7.51B	7.22B
Cash, Cash Equivalents and Short-Term Investments	1.10B	1.02B	1.03B	808.76M	972.59M	1.40B
Total Debt	1.55B	1.55B	1.99B	2.05B	2.05B	1.75B
Total Liabilities	2.59B	2.54B	3.00B	2.79B	2.96B	2.59B
Stockholders Equity	3.51B	3.39B	3.56B	3.90B	4.55B	4.63B
Cash Flow
Free Cash Flow	534.51M	484.60M	705.96M	684.28M	835.78M	1.11B
Operating Cash Flow	680.21M	622.20M	833.19M	843.23M	1.05B	1.30B
Investing Cash Flow	22.55M	36.55M	-136.47M	-153.41M	-595.96M	-218.66M
Financing Cash Flow	-695.36M	-684.36M	-459.57M	-853.35M	-875.51M	-401.92M

Qorvo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 83.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 Negative. The current price of 83.05 is below the 20-day moving average (MA) of 87.42, below the 50-day MA of 89.61, and above the 200-day MA of 81.14, indicating a neutral trend. The MACD of -2.62 indicates Positive momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 27.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QRVO.

Qorvo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMBS	78 Outperform	$9.98B	44.02	19.66%	―	31.05%	30.35%
NVMI	75 Outperform	$8.56B	36.81	23.58%	―	39.37%	40.87%
LSCC	72 Outperform	$9.37B	347.39	3.86%	―	-12.03%	-80.99%
SWKS	64 Neutral	$9.37B	20.50	7.89%	4.47%	-2.18%	-16.84%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MTSI	61 Neutral	$12.44B	―	-4.42%	―	32.58%	-173.04%
QRVO	60 Neutral	$7.67B	35.86	6.30%	―	-7.22%	―

Qorvo Corporate Events

Qorvo-Skyworks Merger Faces Uncertainties: Regulatory Hurdles and Financial Risks Loom

The completion of the Mergers between Qorvo Inc. and Skyworks is fraught with uncertainties due to numerous conditions that must be met, many of which are beyond the control of both companies. Key hurdles include securing shareholder approvals, navigating antitrust regulations, and avoiding legal injunctions, all of which could delay or derail the process. Failure to consummate the Mergers by the stipulated deadlines could lead to significant financial penalties and negatively impact Qorvo’s stock prices and business operations. Additionally, the focus on merger activities might divert management’s attention from other strategic opportunities, potentially affecting the company’s future growth and profitability.

Qorvo Inc’s Earnings Call Highlights Growth Amid Challenges

Qorvo Inc’s recent earnings call painted a picture of robust operational performance, particularly in the defense and aerospace sectors, alongside notable improvements in gross margin. However, the company faces challenges in the Android market and China, with strategic restructuring efforts influencing revenue growth in certain segments.

Qorvo Inc. Reports Strong Q2 Fiscal 2026 Results

Qorvo Inc., a global leader in connectivity and power solutions, operates in the semiconductor industry, providing innovative products for diverse markets including automotive, consumer, defense, and mobile sectors.

Qorvo Announces Merger with Skyworks Solutions

On October 27, 2025, Qorvo, Inc. announced a merger agreement with Skyworks Solutions, Inc., creating a combined enterprise valued at approximately $22 billion. The merger aims to enhance scale and financial profile, with an expected revenue of $7.7 billion and adjusted EBITDA of $2.1 billion. The transaction will create a $5.1 billion mobile business and a $2.6 billion diversified Broad Markets platform. The merger is anticipated to be immediately accretive to non-GAAP EPS and achieve $500 million in annual cost synergies within 24-36 months post-close. The combined company will strengthen its domestic manufacturing position and improve factory utilization, with Phil Brace serving as CEO and Bob Bruggeworth joining the Board of Directors.

The most recent analyst rating on (QRVO) stock is a Hold with a $95.00 price target. To see the full list of analyst forecasts on Qorvo stock, see the QRVO Stock Forecast page.