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Qorvo, Inc.

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
$7.85B
P/E (TTM)
36.2
70.3
Dividend Yield
--
52W High
$106.30
52W Low
$49.46
52W Range
62%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$1.06B+1.15%
4-Quarter Trend

EPS

$1.29-816.67%
4-Quarter Trend

FCF

$42.19M-55.51%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Operating Income Soars Operating income reached $157.7M, a massive 1,529.8% increase from $9.7M last year, driven by margin expansion.
Net Income Rebounds Net income was $119.6M, reversing prior period net loss of $(17.4)M, resulting in diluted EPS of $1.28.
Gross Margin Expansion Gross margin improved significantly to 47.0% compared to 42.6% due to favorable mix and lower product costs.
Strong Cash Position Total cash and equivalents stood at $1.10B as of September 27, 2025, supporting liquidity needs.

Risk Factors

Merger Closing Contingencies Consummation of Skyworks merger depends on regulatory approvals and stockholder adoption, risking delays or abandonment.
Restructuring Charges Expected Expect incurring additional restructuring charges between $30.0M and $40.0M related to 2026 Initiatives, impacting near-term costs.
Six-Month Revenue Decline Six-month revenue decreased 2.9% to $1.88B, driven by strategic reduction in mass-market Android exposure.
Customer Relationship Disruption Efforts to complete the Skyworks merger may disrupt relationships with existing customers, suppliers, and partners.

Outlook

Strategic Portfolio Focus Strategy focuses on narrowing exposure away from low margin mass-market Androids toward flagship and premium tiers.
Merger Completion Anticipated The proposed merger with Skyworks is currently anticipated to be completed early in calendar year 2027.
Restructuring Facility Closure Initiated 2026 Restructuring to streamline manufacturing, including closing North Carolina fabrication facility operations.
Share Repurchase Authorization Approximately $833.7M remains authorized for common stock repurchases under the existing $2.0B program.

Peer Comparison

Revenue (TTM)

Amkor Technology, Inc.AMKR
$6.45B
+0.1%
Lyft, Inc.LYFT
$6.27B
+14.9%
Qorvo, Inc.QRVO
$3.66B
-7.2%

Gross Margin (Latest Quarter)

Commvault Systems, Inc.CVLT
80.1%
-1.6 pp
Universal Display CorporationOLED
77.2%
+1.4 pp
The Descartes Systems Group Inc.DSGX
76.9%
+1.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TSEM$11.09B58.57.3%5.5%
LYFT$9.24B62.320.7%3.0%
NVMI$8.57B36.424.0%13.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+4.9%
Moderate Growth
4Q Net Income CAGR
+42.6%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2026

    Period End: Sep 27, 2025|Filed: Nov 3, 2025|
    Revenue: $1.06B+1.1%
    |
    EPS: $1.29-816.7%
    Miss

  • Form 10-Q - Q1 2026

    Period End: Jun 28, 2025|Filed: Jul 30, 2025|
    Revenue: $818.78M-7.7%
    |
    EPS: $0.28+6411.6%
    Miss

  • Form 10-K - FY 2025

    Period End: Mar 29, 2025|Filed: May 19, 2025|
    Revenue: $3.72B-1.3%
    |
    EPS: $0.59+180.8%
    Miss

  • Form 10-Q - Q3 2025

    Period End: Dec 28, 2024|Filed: Jan 29, 2025|
    Revenue: $916.32M-14.7%
    |
    EPS: $0.44-133.6%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Sep 28, 2024|Filed: Oct 30, 2024|
    Revenue: $1.05B-5.2%
    |
    EPS: $-0.18-118.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Jun 29, 2024|Filed: Jul 31, 2024|
    Revenue: $886.67M+36.2%
    |
    EPS: $0.00-101.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Mar 30, 2024|Filed: May 20, 2024|
    Revenue: $3.77B+5.6%
    |
    EPS: $-0.73-172.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Dec 30, 2023|Filed: Feb 1, 2024|
    Revenue: $1.07B+44.5%
    |
    EPS: $-1.31+718.8%
    Miss