QRVO Stock - Qorvo, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $3.72B | $3.77B | $3.57B | $4.65B | $4.02B |
| Gross Profit | $1.54B | $1.49B | $1.30B | $2.29B | $1.88B |
| Gross Margin | 41.3% | 39.5% | 36.3% | 49.2% | 46.9% |
| Operating Income | $95.53M | $91.70M | $183.17M | $1.23B | $906.63M |
| Net Income | $55.62M | $-70,322,000 | $103.15M | $1.03B | $733.61M |
| Net Margin | 1.5% | -1.9% | 2.9% | 22.2% | 18.3% |
| EPS | $0.59 | $-0.73 | $1.01 | $9.38 | $6.43 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 11th 2025 | Mizuho | Upgrade | Neutral | $93 |
| November 4th 2025 | JP Morgan | Upgrade | Neutral | $105 |
| October 29th 2025 | Morgan Stanley | Downgrade | Equal Weight | $110 |
| October 29th 2025 | Citigroup | Upgrade | Neutral | $105 |
| October 20th 2025 | Mizuho | Downgrade | Underperform | $75 |
| July 30th 2025 | TD Cowen | Reiterated | Hold | $95← $80 |
| July 10th 2025 | Goldman | Initiation | Neutral | $90 |
| April 30th 2025 | TD Cowen | Reiterated | Hold | $80← $90 |
| April 30th 2025 | The Benchmark Company | Upgrade | Buy | $95 |
| January 27th 2025 | Piper Sandler | Upgrade | Overweight | $110← $85 |
| January 21st 2025 | Morgan Stanley | Upgrade | Overweight | $106← $90 |
| November 12th 2024 | Loop Capital | Initiation | Hold | $73 |
| October 30th 2024 | TD Cowen | Reiterated | Hold | $85← $125 |
| October 30th 2024 | The Benchmark Company | Downgrade | Hold | - |
| October 30th 2024 | Raymond James | Downgrade | Market Perform | - |
Earnings History & Surprises
QRVOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Jan 27, 2026 | $1.93 | — | — | — |
Q4 2025 | Oct 28, 2025 | $2.03 | $2.22 | +9.4% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.62 | $0.92 | +48.4% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $1.01 | $1.42 | +40.6% | ✓ BEAT |
Q1 2025 | Jan 28, 2025 | $1.21 | $1.61 | +33.1% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $1.85 | $1.88 | +1.6% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $0.71 | $0.87 | +22.5% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $1.21 | $1.39 | +14.9% | ✓ BEAT |
Q1 2024 | Jan 31, 2024 | $1.65 | $2.10 | +27.3% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $1.77 | $2.39 | +35.0% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.15 | $0.34 | +126.7% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.12 | $0.26 | +116.7% | ✓ BEAT |
Q1 2023 | Feb 1, 2023 | $0.64 | $0.75 | +17.2% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $2.55 | $2.66 | +4.3% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $2.12 | $2.25 | +6.1% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $2.94 | $3.12 | +6.1% | ✓ BEAT |
Q1 2022 | Feb 2, 2022 | $2.75 | $2.98 | +8.4% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $3.25 | $3.42 | +5.2% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $2.45 | $2.83 | +15.5% | ✓ BEAT |
Latest News
Shares of companies in the broader chip sector are trading nigher, rebounding after Thursday's weakness. Additionally, stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveMizuho Upgrades Qorvo to Neutral, Raises Price Target to $93
➖ NeutralJP Morgan Upgrades Qorvo to Neutral, Raises Price Target to $105
➖ NeutralQorvo Sees Q3 Adj EPS $1.65-$2.05 vs $1.81 Est; Sees Sales $935.000M-$1.035B vs $983.227M Est
📉 NegativeQorvo Q2 Adj. EPS $2.22 Beats $2.07 Estimate, Sales $1.059B Beat $1.033B Estimate
📈 PositiveKey deals this week: Qorvo, Chewy, Sotherly Hotels, Novartis, CSG Systems, and more
➖ NeutralUBS Maintains Neutral on Qorvo, Raises Price Target to $108
➖ NeutralBenchmark Downgrades Qorvo to Hold
📉 NegativeCitigroup Upgrades Qorvo to Neutral, Raises Price Target to $105
📈 PositiveSkyworks shares are trading higher after the company and Qorvo announced a merger agreement.
📈 PositiveTrading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralSkyworks to buy Qorvo in cash-and-stock deal
➖ NeutralQorvo shares are trading higher after the company and Skyworks announced a merger agreement.
📈 PositiveSkyworks And Qorvo Announce $22B Merger To Form $7.7B Chip Powerhouse, Promising $500M In Annual Cost Savings
📈 PositiveApple supplier Skyworks Solutions held talks to acquire rival Qorvo - report
📈 Positive'Apple Supplier Skyworks Held Talks To Buy $8 Billion Rival Qorvo' - The Information
📈 PositiveQorvo soars after 'strong' Q1, outlook draws analysts' praise
📈 PositiveQorvo stock gains after earnings beat, strong guidance for margins: Key takeaways
📈 PositiveQorvo Non-GAAP EPS of $0.92 beats by $0.29, revenue of $818.8M beats by $42.33M
📈 PositiveQorvo rises after Benchmark upgrades following 'solid' Q4, outlook
📈 PositiveFrequently Asked Questions about QRVO
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