Qorvo (NASDAQ:QRVO) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Qorvo (NASDAQ:QRVO) issued its earnings results on Tuesday. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03, Briefing.com reports. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Qorvo had a positive return on equity of 14.92% and a negative net margin of 0.66%. Qorvo’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 EPS. Qorvo updated its Q3 guidance to $1.10-1.30 EPS and its Q3 2025 guidance to 1.100-1.300 EPS.

Qorvo Price Performance

Qorvo stock opened at $73.53 on Thursday. The business’s 50-day simple moving average is $104.86 and its 200 day simple moving average is $107.98. The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -100.05, a P/E/G ratio of 1.20 and a beta of 1.45. Qorvo has a 12-month low of $71.31 and a 12-month high of $130.99.

Insiders Place Their Bets

In other news, VP Gina Harrison sold 689 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $107.67, for a total value of $74,184.63. Following the transaction, the vice president now owns 21,601 shares of the company’s stock, valued at approximately $2,325,779.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

QRVO has been the subject of several recent analyst reports. Benchmark lowered Qorvo from a “buy” rating to a “hold” rating in a research note on Wednesday. BNP Paribas cut shares of Qorvo from an “outperform” rating to a “neutral” rating and set a $80.00 target price for the company. in a research report on Wednesday. Craig Hallum reduced their price target on shares of Qorvo from $142.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James lowered shares of Qorvo from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Susquehanna reduced their target price on Qorvo from $115.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.47.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. 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 automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.