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Qorvo (QRVO)
NASDAQ:QRVO

Qorvo (QRVO) AI Stock Analysis

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QRVO

Qorvo

(NASDAQ:QRVO)

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Outperform 71 (OpenAI - 4o)
Rating:71Outperform
Price Target:
$99.00
▲(15.22% Upside)
Qorvo's overall stock score reflects a combination of strong technical momentum and positive corporate developments, tempered by valuation concerns and mixed financial performance. The merger with Skyworks Solutions and strategic restructuring efforts are significant positives, while profitability and cash flow challenges remain areas for improvement.

Qorvo (QRVO) vs. SPDR S&P 500 ETF (SPY)

Qorvo Business Overview & Revenue Model

Company DescriptionQorvo, 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 MoneyQorvo 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 Earnings Call Summary

Earnings Call Date:Nov 03, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Feb 04, 2026
Earnings Call Sentiment Neutral
Qorvo demonstrated strong operating performance with significant growth in the defense and aerospace markets and improvements in gross margin. However, challenges remain in the Android market and China, with strategic restructuring efforts impacting revenue growth in some segments.
Q2-2026 Updates
Positive Updates
Strong Operating Performance
Qorvo delivered solid operating performance with a focus on high-performing businesses and a strategic realignment to enhance profitability.
Restructuring for Profitability
Restructuring actions expected to reduce operating expenses by approximately $70 million per year in fiscal 2027.
Defense and Aerospace Growth
HPA business grew over 25% year-over-year with strong performance in defense and aerospace markets, benefiting from increased U.S. and allied defense spending.
WiFi and Ultra-wideband Advancements
Collaboration on WiFi 7 and WiFi 8 solutions with broad adoption across various sectors and ultra-wideband solutions for automotive and industrial markets.
Improved Gross Margin
Non-GAAP gross margin of 49.7% in Q2, with expected improvement in Q3, reflecting a year-over-year increase of 270 basis points.
Revenue and Financial Performance
Fiscal second quarter revenue of $1.059 billion and non-GAAP diluted earnings of $2.22 per share, both exceeding guidance.
Negative Updates
Decline in Android Market
Revenue from Android ecosystem declined sequentially, with a $200 million decline in lower-margin Android revenue expected this fiscal year and next.
Challenges in China Market
Sales to China-based Android OEMs were approximately $65 million, down from just under $100 million in the prior quarter.
Impact of Restructuring
Restructuring in CSG and associated corporate support functions may lead to a roughly flat year for CSG.
Company Guidance
During Qorvo, Inc.'s Fiscal 2026 Second Quarter earnings call, the company provided guidance for the upcoming fiscal third quarter. They anticipate revenue of $985 million, plus or minus $50 million. The expected non-GAAP gross margin is projected between 47% and 49%, and non-GAAP diluted EPS is anticipated to be $1.85, plus or minus $0.20. The company also communicated that they are targeting operating expenses for the December quarter to be between $255 million and $260 million. This guidance reflects strong execution and demand across various end markets, offset by the strategic exit from lower-margin entry-tier Android and the normal seasonal decline at their largest customer. The company is focusing on enhancing profitability through restructuring actions in their Customer Solutions Group (CSG), expected to reduce operating expenses by approximately $70 million annually by fiscal 2027. Additionally, efforts to improve product mix and manufacturing efficiencies are contributing to year-over-year improvements in gross margin.

Qorvo Financial Statement Overview

Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Qorvo Technical Analysis

Technical Analysis Sentiment
Negative
Last Price85.92
Price Trends
50DMA
88.45
Negative
100DMA
89.07
Negative
200DMA
82.06
Positive
Market Momentum
MACD
0.21
Negative
RSI
46.32
Neutral
STOCH
22.25
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 85.92 is below the 20-day moving average (MA) of 86.24, below the 50-day MA of 88.45, and above the 200-day MA of 82.06, indicating a neutral trend. The MACD of 0.21 indicates Negative momentum. The RSI at 46.32 is Neutral, neither overbought nor oversold. The STOCH value of 22.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QRVO.

Qorvo Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
$9.71B39.5023.58%39.37%40.87%
78
Outperform
$10.19B44.9419.66%31.05%30.35%
71
Outperform
$10.19B364.593.86%-12.03%-80.99%
71
Outperform
$8.00B37.106.30%-7.22%
70
Outperform
$9.82B21.467.89%4.27%-2.18%-16.84%
64
Neutral
$13.16B-207.66-4.42%32.58%-173.04%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
QRVO
Qorvo
85.92
17.42
25.43%
LSCC
Lattice Semiconductor
71.86
13.31
22.73%
MTSI
MACOM Technology Solutions Holdings
168.31
35.82
27.04%
NVMI
Nova
318.21
121.63
61.87%
RMBS
Rambus
90.61
35.78
65.26%
SWKS
Skyworks Solutions
65.00
-20.08
-23.60%

Qorvo Corporate Events

Executive/Board ChangesM&A Transactions
Qorvo Announces Retention Bonus Amid Skyworks Merger
Neutral
Nov 28, 2025

On November 22, 2025, Qorvo, Inc. announced a retention bonus agreement for its Senior Vice President and Chief Financial Officer, Grant A. Brown, in light of the planned merger with Skyworks Solutions, Inc. The agreement includes a cash retention payment of $986,226, with 60% payable upon the merger’s completion and 40% six months thereafter, contingent on Mr. Brown’s continued employment. This move is aimed at ensuring leadership stability during the merger process.

M&A TransactionsBusiness Operations and Strategy
Qorvo Announces Merger with Skyworks Solutions
Positive
Oct 28, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 09, 2025