Qorvo (NASDAQ:QRVO) Issues FY 2027 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.000-7.000 for the period, compared to the consensus EPS estimate of 6.690. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts have commented on QRVO shares. Citigroup cut their price target on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday. Mizuho reissued an “underperform” rating and issued a $66.00 target price (down from $70.00) on shares of Qorvo in a report on Monday, April 20th. UBS Group restated a “buy” rating and set a $96.00 target price (up from $91.00) on shares of Qorvo in a research report on Wednesday. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 price target on shares of Qorvo in a research note on Wednesday, May 6th. Finally, Wolfe Research cut Qorvo from an “outperform” rating to a “peer perform” rating in a research report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.47.

Qorvo Price Performance

QRVO traded down $0.50 during trading on Wednesday, hitting $91.26. The company’s stock had a trading volume of 1,669,011 shares, compared to its average volume of 1,284,172. The firm’s 50 day moving average price is $94.52 and its two-hundred day moving average price is $86.66. The company has a quick ratio of 2.46, a current ratio of 3.24 and a debt-to-equity ratio of 0.46. Qorvo has a 12 month low of $74.92 and a 12 month high of $109.49. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53. The business had revenue of $784.79 million during the quarter, compared to analysts’ expectations of $743.28 million. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Sell-side analysts forecast that Qorvo will post 5.83 earnings per share for the current fiscal year.

Insider Activity at Qorvo

In other Qorvo news, Director Peter A. Feld sold 1,900,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $101.20, for a total value of $192,280,000.00. Following the completion of the transaction, the director directly owned 5,611,526 shares of the company’s stock, valued at approximately $567,886,431.20. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul J. Fego sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the sale, the senior vice president directly owned 71,038 shares in the company, valued at $7,103,800. This trade represents a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,966,127 shares of company stock valued at $198,911,103. Insiders own 0.49% of the company’s stock.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported fiscal first-quarter adjusted earnings of $1.64 per share, well above the $1.11 consensus estimate, while revenue of approximately $784.8 million exceeded expectations. The company also raised its fiscal 2027 EPS outlook to $7.00, above the $6.69 analyst consensus. Qorvo Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Profitability improved significantly year over year, with stronger gross and operating profit, $139.5 million in operating cash flow and approximately $1.3 billion in cash. These results support the company’s financial flexibility as it advances its planned combination with Skyworks Solutions. Qorvo Fiscal 2027 First Quarter Results
• Neutral Sentiment: Skyworks and Qorvo unveiled a leadership team for their planned merger, while Skyworks outlined acquisition financing and capital-allocation plans. The combination could create strategic benefits, but investors continue to monitor regulatory approvals, debt financing and execution risks. Skyworks and Qorvo Unveil Merger Leadership Team
• Negative Sentiment: Despite the earnings beat, revenue fell roughly 4% from the prior year, highlighting continuing demand and growth concerns. Susquehanna reiterated a Hold rating with an $80 price target, citing valuation, while UBS maintained Hold but raised its target to $96 following the results and merger developments. Susquehanna Maintains Hold on Qorvo
• Negative Sentiment: Reported insider-trading data showed sizable net selling by Qorvo insiders over the past six months and no open-market purchases, which may reinforce caution about the stock’s valuation and near-term upside.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Arbitrage LLC acquired a new position in shares of Qorvo during the fourth quarter valued at $118,204,000. Marshall Wace LLP increased its position in Qorvo by 16,066.5% in the third quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock worth $74,197,000 after purchasing an additional 809,591 shares during the period. Balyasny Asset Management L.P. bought a new stake in Qorvo during the 3rd quarter worth about $66,594,000. Voloridge Investment Management LLC lifted its position in Qorvo by 2,502.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 553,596 shares of the semiconductor company’s stock valued at $50,422,000 after purchasing an additional 532,322 shares during the period. Finally, TIG Advisors LLC bought a new position in shares of Qorvo in the 4th quarter valued at about $43,248,000. Institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.