Qorvo (NASDAQ:QRVO) Issues Earnings Results

Qorvo (NASDAQ:QRVO) released its earnings results on Tuesday. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.48, Briefing.com reports. The company had revenue of $808.30 million for the quarter, compared to analyst estimates of $801.31 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Qorvo updated its FY 2027 guidance to 7.000-7.000 EPS.

Qorvo Trading Down 7.7%

Shares of QRVO stock traded down $7.41 during trading hours on Wednesday, hitting $88.94. 2,412,804 shares of the company were exchanged, compared to its average volume of 1,302,858. The firm has a market cap of $8.25 billion, a PE ratio of 24.50, a PEG ratio of 1.46 and a beta of 1.42. Qorvo has a 1 year low of $69.31 and a 1 year high of $106.30. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $81.03 and a 200 day moving average of $83.95.

Analyst Upgrades and Downgrades

QRVO has been the topic of a number of recent research reports. Barclays upgraded shares of Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $100.00 in a report on Wednesday, April 22nd. Benchmark restated a “hold” rating on shares of Qorvo in a report on Wednesday, January 28th. Citigroup reduced their target price on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley set a $84.00 target price on shares of Qorvo in a report on Wednesday, January 28th. Finally, TD Cowen cut their price objective on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $95.19.

Trending Headlines about Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 non-GAAP EPS came in well above estimates at $1.69 (vs. ~$1.21 consensus), driven by margin expansion and cost control, which helped profitability. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue Growth
• Positive Sentiment: Management raised FY‑2027 EPS guidance to 7.00 (midpoint effectively 7.00), above street estimates (~6.53), signaling confidence in margin and profitability trajectory. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP results were weaker (GAAP EPS $0.32) versus non‑GAAP figures, so investors must reconcile one‑time adjustments when modeling forward earnings. Qorvo Press Release (PDF)
• Neutral Sentiment: Analysts and outlets are re-checking valuation after a recent share-price run; a higher multiple after strong EPS could make the stock vulnerable to disappointment. Qorvo Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue declined ~7% YoY to $808.3M and management cited weak smartphone demand — a key end market — which raises growth uncertainty. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Negative Sentiment: Inventory levels increased and the company flagged channel/stock build, which could pressure near-term revenue and margins if demand remains soft. Qorvo Q1: Beats On Revenue But Inventory Levels Increase

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Qorvo by 215.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 231 shares during the period. Advisory Services Network LLC purchased a new position in Qorvo in the third quarter valued at approximately $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Qorvo by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 180 shares during the period. Danske Bank A S purchased a new position in Qorvo in the third quarter valued at approximately $109,000. Finally, Larson Financial Group LLC raised its holdings in Qorvo by 54.6% in the third quarter. Larson Financial Group LLC now owns 1,294 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 457 shares during the period. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

About Qorvo

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.