Qorvo (QRVO) AI Stock Analysis

• Market Cap: $8.51B
• Dividend Yield: N/A
• Average Volume (3M): 1.93M
• Price to Earnings (P/E): 107.2
• Beta (1Y): 1.61
• Revenue Growth: -8.84%
• EPS Growth: N/A
• Country: US
• Employees: 6,200
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.92
• Shares Outstanding: 92,654,270
• 10 Day Avg. Volume: 3,107,841
• 30 Day Avg. Volume: 1,932,276
• 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: 0.97
• Enterprise Value/Revenue: 2.26
• Enterprise Value/Gross Profit: 5.28
• Enterprise Value/Ebitda: 21.21
• 1Y Price Target: $97.67
• Price Target Upside: 6.38% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 17

• Rating: 67 Neutral
• Price Target: $98.00 ▲(6.74% Upside)

Qorvo's overall stock score reflects a balance of strong financial health and strategic initiatives against valuation concerns and market challenges. The company's robust cash flow and strategic focus on high-growth markets are significant positives. However, high P/E ratio and macroeconomic risks temper the outlook. The earnings call provided confidence in future growth, but technical indicators suggest cautious optimism.

Positive Factors

Strategic Initiatives

Qorvo's strategic initiatives in Wi-Fi 7 and ultra-wideband investments position it well for future growth, enhancing its competitive edge in high-demand markets.

Defense and Aerospace Growth

The significant increase in the defense and aerospace sales funnel suggests robust demand and a strong pipeline, supporting long-term revenue stability.

Automotive Market Success

Winning key automotive OEM contracts in Japan and South Korea enhances Qorvo's market position and revenue potential in the growing automotive sector.

Negative Factors

Revenue Decline

The decline in revenue indicates challenges in maintaining sales levels, which could impact long-term growth and profitability if not addressed.

Profitability Pressures

Squeezed profit margins suggest operational challenges and may limit the company's ability to reinvest in growth initiatives, affecting future profitability.

Challenges in Android Business

The decline in Android revenue, particularly in China, reflects strategic challenges and could hinder growth in a key market segment.

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 generates revenue primarily through the sale of its semiconductor products, which are used in smartphones, tablets, and other wireless devices. Key revenue streams include sales to original equipment manufacturers (OEMs) and telecommunications companies, as well as partnerships with major tech firms for the development of new technologies. The company's involvement in the burgeoning 5G market has significantly boosted its earnings potential, as demand for advanced RF solutions continues to grow. Additionally, Qorvo's diversification into sectors like automotive and IoT enhances its revenue base, allowing it to capitalize on emerging trends in connectivity and smart technologies.

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	3.65B	3.72B	3.77B	3.57B	4.65B	4.02B
Gross Profit	1.56B	1.54B	1.51B	1.34B	2.29B	1.88B
EBITDA	388.71M	441.06M	463.74M	531.94M	1.61B	1.34B
Net Income	80.80M	55.62M	-70.32M	103.15M	1.03B	733.61M
Balance Sheet
Total Assets	6.00B	5.93B	6.55B	6.69B	7.51B	7.22B
Cash, Cash Equivalents and Short-Term Investments	1.17B	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	2.56B	2.54B	3.00B	2.79B	2.96B	2.59B
Stockholders Equity	3.44B	3.39B	3.56B	3.90B	4.55B	4.63B
Cash Flow
Free Cash Flow	587.15M	484.60M	705.96M	684.28M	835.78M	1.11B
Operating Cash Flow	724.06M	622.20M	833.19M	843.23M	1.05B	1.30B
Investing Cash Flow	20.41M	36.55M	-136.47M	-153.41M	-595.96M	-218.66M
Financing Cash Flow	-661.77M	-684.36M	-459.57M	-853.35M	-875.51M	-401.92M

Qorvo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 91.81
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 91.81 is above the 20-day moving average (MA) of 90.41, above the 50-day MA of 88.58, and above the 200-day MA of 77.82, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 58.73 is Neutral, neither overbought nor oversold. The STOCH value of 55.52 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
NVMI	81 Outperform	9.12B	42.31	19.81%	―	43.69%	51.22%
RMBS	76 Outperform	11.01B	48.44	18.66%	―	35.17%	0.10%
LSCC	75 Outperform	9.88B	315.02	4.61%	―	-22.15%	-83.34%
SWKS	74 Outperform	11.72B	31.46	9.41%	3.56%	-8.24%	-48.31%
QRVO	67 Neutral	$8.51B	107.15	2.33%	―	-8.84%	―
MTSI	56 Neutral	9.47B	-126.17	-5.53%	―	33.50%	-197.38%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Qorvo Corporate Events

Qorvo Updates Executive Severance Packages for Officers

On August 14, 2025, Qorvo‘s Board of Directors approved new arrangements for its named executive officers, excluding CEO Robert A. Bruggeworth, to align severance packages with market practices. The changes include increased severance multiples, extended COBRA coverage, and adjusted performance-based equity awards in the event of a change in control, as well as a new Executive Severance Plan for terminations not related to a change in control, enhancing the company’s competitive positioning in executive compensation.

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 Stockholders Approve Key Proposals at Annual Meeting

At the Annual Meeting, Qorvo‘s stockholders elected ten directors, approved executive compensation, and ratified Ernst & Young LLP as the independent accounting firm for the fiscal year ending March 28, 2026. Additionally, they approved amendments to the 2022 and 2007 plans, while a shareholder proposal was not approved.

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.