Qorvo (QRVO) AI Stock Analysis

• Market Cap: $7.39B
• Dividend Yield: N/A
• Average Volume (3M): 1.80M
• Price to Earnings (P/E): 135.0
• Beta (1Y): 1.70
• Revenue Growth: -1.34%
• EPS Growth: N/A
• Country: US
• Employees: 6,200
• Sector: Technology
• Sector Strength: 78
• Industry: Semiconductors
• EPS (TTM): 1.42
• Shares Outstanding: 93,025,180
• 10 Day Avg. Volume: 1,837,263
• 30 Day Avg. Volume: 1,799,053
• PEG Ratio: -1.13
• Price to Book (P/B): 2.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.17
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 0.75
• Enterprise Value/Gross Profit: 7.44
• Enterprise Value/Ebitda: 6.84
• 1Y Price Target: $80.21
• Price Target Upside: 0.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 15

• Rating: 72 Outperform
• Price Target: $85.00 ▲(7.03%Upside)

Qorvo's overall stock score reflects a combination of strong technical indicators and positive earnings call sentiment, offset by valuation concerns and financial performance challenges. The company's strategic initiatives and robust cash flow provide a solid foundation for future growth, but high P/E ratio and declining revenues temper the overall attractiveness.

Positive Factors

Financial Performance

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

Market Position

Wireless share gains, solid diversity increases, and strong operational leverage drive upgrade to Buy vs Hold and new $95 PT.

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 Uncertainty

The lower multiple reflects macro uncertainty.

Revenue Decline

ACG revenues could still be down approximately MSD% Y/Y in FY26 largely due to the decline in the Android mid-tier market.

Tariff Impact

Management estimates a potential high-single-digit-million per-quarter total impact beyond June in a theoretical worst-case scenario.

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's financial performance shows a mixed picture. The income statement indicates challenges with declining revenues and profitability, reflected in low net and EBIT margins. However, the balance sheet remains stable with moderate leverage and strong equity, and cash flow is a strong point, supporting liquidity and operational resilience.

Income Statement

Qorvo's income statement reveals a challenging period with declining revenues and net income. The gross profit margin for the recent year is approximately 41.3%, indicating efficient production but reduced compared to past performance. The net profit margin is notably low at 1.5%, reflecting margin compression and profitability challenges. Revenue has decreased by 1.3% year-over-year, showing a declining trend in sales. The EBIT margin remains thin at 2.6%, highlighting pressures on operating profitability.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.46, indicating moderate leverage. The equity ratio is strong at 57.2%, suggesting financial stability and a solid capital structure. However, the return on equity has decreased to 1.6%, reflecting reduced profitability relative to shareholder investment.

Cash Flow

Qorvo's cash flow statement highlights a robust free cash flow to net income ratio, underscoring strong cash generation relative to profits. Despite a reduction in free cash flow growth, the company's operating cash flow remains positive and supports financial flexibility. The operating cash flow to net income ratio is healthy, indicating effective cash management.

Breakdown
Mar 2025	Mar 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement		Total Revenue
3.72B	3.77B	3.57B	4.65B	4.02B
	Gross Profit
1.54B	1.51B	1.34B	2.29B	1.88B
	EBIT
95.53M	91.70M	183.17M	1.23B	933.93M
	EBITDA
95.53M	463.74M	531.94M	1.61B	1.34B
	Net Income Common Stockholders
55.62M	-70.32M	103.15M	1.03B	733.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.02B	1.03B	808.76M	972.59M	1.40B
	Total Assets
5.93B	6.55B	6.69B	7.51B	7.22B
	Total Debt
1.55B	1.99B	2.05B	2.05B	1.75B
	Net Debt
528.04M	958.75M	1.24B	1.07B	349.76M
	Total Liabilities
2.54B	3.00B	2.79B	2.96B	2.59B
	Stockholders Equity
3.39B	3.56B	3.90B	4.55B	4.63B
Cash Flow		Free Cash Flow
484.60M	705.96M	684.28M	835.78M	1.11B
	Operating Cash Flow
622.20M	833.19M	843.23M	1.05B	1.30B
	Investing Cash Flow
36.55M	-136.47M	-153.41M	-595.96M	-218.66M
	Financing Cash Flow
-684.36M	-459.57M	-853.35M	-875.51M	-401.92M

Qorvo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 79.42
• 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 Positive. The current price of 79.42 is above the 20-day moving average (MA) of 78.47, above the 50-day MA of 70.30, and below the 200-day MA of 79.46, indicating a neutral trend. The MACD of 2.46 indicates Positive momentum. The RSI at 56.73 is Neutral, neither overbought nor oversold. The STOCH value of 70.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QRVO.

Qorvo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAMT	79 Outperform	$3.21B	26.60	24.82%	1.89%	32.63%	46.16%
SWKS	74 Outperform	$10.70B	27.83	6.70%	3.93%	-12.90%	-51.90%
QRVO	72 Outperform	$7.39B	135.05	1.60%	―	-1.34%	―
MTSI	69 Neutral	$9.59B	138.48	-7.70%	―	32.63%	-233.25%
ON	65 Neutral	$21.32B	35.39	7.85%	―	-18.28%	-70.98%
Sector *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
ALGM	60 Neutral	$5.30B	―	-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.