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Qorvo, Inc.

NASDAQ•QRVO
CEO: Mr. Robert A. Bruggeworth
Sector: Technology
Industry: Semiconductors
Listing Date: 2015-01-02
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets worldwide. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
Contact Information
7628 Thorndike Road, Greensboro, NC, 27409-9421, United States
336-664-1233
www.qorvo.com
Market Cap
$7.87B
P/E (TTM)
23.1
57.6
Dividend Yield
--
52W High
$106.30
52W Low
$62.34
52W Range
51%
Rank30Top 19.5%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2026 Data

Revenue

$992.96M+8.36%
4-Quarter Trend

EPS

$1.77+302.27%
4-Quarter Trend

FCF

$236.94M+34.44%
4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Operating Income Soars Operating income reached $192.1M for the quarter, a massive 262.4% increase compared to $53.0M last year.
Gross Margin Expansion Gross margin improved significantly to 46.7% this quarter, driven by strategic ACG shift and favorable HPA mix.
Strong Cash Generation Net cash from operations was $532.4M for nine months, reflecting strong cash conversion from profitability gains.
Diluted EPS Jumps Diluted EPS was $1.75 for the three months ended December 27, 2025, up substantially from $0.43 previously.

Risk Factors

Merger Closing Uncertainty Consummation of Skyworks merger depends on regulatory approvals; delays could negatively impact stock price and business focus.
Restructuring Cost Exposure Expect additional $30.0M to $40.0M charges related to 2026 Restructuring Initiatives, impacting near-term expenses.
Potential Termination Fees Termination of merger agreement could trigger $298.7M fee payable to Skyworks under specified adverse circumstances.
Customer Concentration Risk Business remains subject to dependence on several large customers for substantial portion of total revenue figures.

Outlook

Strategic Portfolio Focus Strategy continues narrowing focus to flagship/premium smartphone tiers while reducing mass-market Android exposure.
Merger Completion Anticipated Currently anticipates completing the transaction with Skyworks early in calendar year 2027, pending stockholder approvals.
Capital Commitments Planned Capital commitments total approximately $50.6M, focused on new product capability expansion and facility upgrades.
No Internal Control Changes Management confirmed no material changes to internal control over financial reporting occurred during the quarter.

Peer Comparison

Revenue (TTM)

AMKR stock ticker logoAMKR
$7.07B
+12.7%
LYFT stock ticker logoLYFT
$6.32B
+9.2%
SWKS stock ticker logoSWKS
$4.05B
+0.2%

Gross Margin (Latest Quarter)

CVLT stock ticker logoCVLT
81.4%
-0.4pp
OLED stock ticker logoOLED
73.4%
-6.6pp
DSGX stock ticker logoDSGX
66.7%
-8.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TSEM$21.63B96.27.8%4.9%
AMKR$17.68B40.510.0%17.9%
NVMI$15.86B61.122.7%36.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.5%
Moderate Growth
4Q Net Income CAGR
73.6%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
|
EPS:$1.21
|
Revenue:$801.31M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data