Qorvo, Inc.
- Open
- 82.53
- Day high
- 84.35
- Day low
- 82.50
- Prev close
- 83.50
- Volume
- 123K
- Mkt cap
- $7.3B
- P/E (TTM)
- 22.8
- EPS (TTM)
- $3.68
- P/B
- 2.2
- P/S
- 2.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$201.6M over the last 3 months (0 open-market buys, 13 sales)
- 🏛Institutions mixed (13F)
Qorvo, Inc. (QRVO) is a Technology company listed on NASDAQ. The stock is down 5% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 13 sales (SEC Form 4).
Qorvo, Inc. (QRVO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
QRVO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.21 | $1.69 | +39.7% | $808M | +0.9% |
| Jan 27, 2026 | $1.87 | $2.17 | +16.0% | $993M | +23.9% |
| Oct 28, 2025 | $2.03 | $2.22 | +9.4% | $1.1B | +7.7% |
| Jul 29, 2025 | $0.62 | $0.92 | +48.4% | $819M | -15.0% |
| Jan 28, 2025 | $1.21 | $1.61 | +33.1% | $916M | +7.7% |
| May 1, 2024 | $1.21 | $1.39 | +14.9% | $941M | +1.6% |
| Jan 31, 2024 | $1.65 | $2.10 | +27.3% | $1.1B | +7.0% |
| Nov 1, 2023 | $1.77 | $2.39 | +35.0% | $1.1B | +10.2% |
| Aug 2, 2023 | $0.15 | $0.34 | +126.7% | $651M | +1.8% |
| May 3, 2023 | $0.12 | $0.26 | +116.7% | $633M | +1.8% |
| Feb 1, 2023 | $0.64 | $0.75 | +17.2% | $743M | +2.4% |
| Nov 2, 2022 | $2.55 | $2.66 | +4.3% | $1.2B | +2.4% |
QRVO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 8, 2026 | Chesley Philipofficer: SVP, High Performance Analog | Grant | 9,618 | — |
| Jun 2, 2026 | Feld Peter Adirector | Sell | 1,328,094 | $100.25 |
| Jun 2, 2026 | BRUGGEWORTH ROBERT Adirector, officer: President and CEO | Sell | 28,500 | $99.73 |
| Jun 2, 2026 | BRUGGEWORTH ROBERT Adirector, officer: President and CEO | Sell | 3,251 | $102.40 |
| Jun 2, 2026 | BRUGGEWORTH ROBERT Adirector, officer: President and CEO | Sell | 12,985 | $101.22 |
| Jun 2, 2026 | Feld Peter Adirector | Sell | 571,906 | $103.41 |
| Jun 2, 2026 | BRUGGEWORTH ROBERT Adirector, officer: President and CEO | Sell | 13,221 | $100.56 |
| May 26, 2026 | FEGO PAUL Jofficer: SVP, Global Operations | Sell | 2,500 | $100.00 |
| May 26, 2026 | Harrison Ginaofficer: VP and Corporate Controller | Sell | 4,714 | $100.00 |
| May 20, 2026 | Harrison Ginaofficer: VP and Corporate Controller | Sell | 956 | $95.00 |
| May 19, 2026 | Brown Grantofficer: SVP & Chief Financial Officer | Sell | 14,195 | $88.78 |
| May 19, 2026 | Chesley Philipofficer: SVP, High Performance Analog | Sell | 1,288 | $93.00 |
| May 19, 2026 | Chesley Philipofficer: SVP, High Performance Analog | Sell | 13,352 | $88.78 |
| May 19, 2026 | Brown Grantofficer: SVP & Chief Financial Officer | Sell | 1,544 | $93.00 |
| May 13, 2026 | Brown Grantofficer: SVP & Chief Financial Officer | Tax | 7,487 | $93.41 |
Source: QRVO SEC Form 4 filings, latest Jun 8, 2026. For informational purposes only — not investment advice.
See the full QRVO insider & 13F page →Qorvo, Inc. company profile
Overview
Qorvo, Inc. (NASDAQ:QRVO) is a semiconductor company that designs and manufactures radio frequency (RF) solutions for wireless and wired communications. Founded in 1957 and headquartered in Greensboro, North Carolina, Qorvo was formed through the 2015 merger of RF Micro Devices and TriQuint Semiconductor. The company has evolved from its origins as a traditional RF component supplier into a diversified semiconductor provider serving multiple high-growth markets including mobile devices, automotive, defense and aerospace, and infrastructure applications.
Business
Qorvo operates in the semiconductor industry, specifically focusing on radio frequency (RF) and analog solutions that enable wireless communication and power management across various electronic devices. RF semiconductors are essential components that allow devices to transmit and receive wireless signals - from the cellular connectivity in smartphones to Wi-Fi in laptops, Bluetooth in headphones, and radar systems in military applications. The company operates through three primary business segments: 1. Advanced Cellular Group (ACG) represents approximately 77% of revenue and focuses on mobile device applications. This segment produces RF front-end modules, power amplifiers, antenna tuners, filters, and switches that enable smartphones, tablets, and wearables to connect to cellular networks. These components are critical for 5G connectivity, managing the complex RF requirements needed for high-speed data transmission across multiple frequency bands simultaneously. 2. High Performance Analog (HPA) accounts for roughly 14% of revenue and serves defense, aerospace, and infrastructure markets. This segment manufactures high-power amplifiers for radar systems, satellite communications equipment, and cellular base stations. It also produces silicon carbide (SiC) power devices used in electric vehicle charging systems, renewable energy applications, and industrial power management. 3. Connectivity & Sensors Group (CSG) generates approximately 9% of revenue and develops solutions for automotive, consumer electronics, and smart home applications. Key products include Ultra-Wideband (UWB) chips for precise location tracking, Wi-Fi front-end modules, Matter-certified smart home connectivity solutions, and touch sensors for automotive and consumer applications.
Revenue model
Qorvo generates revenue primarily through product sales to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company sells semiconductor chips, modules, and integrated solutions directly to customers and through a network of distributors and sales representatives. The business model centers on developing highly specialized RF and analog semiconductor solutions that customers integrate into their end products. Revenue streams include individual component sales, integrated module sales, and in some cases, foundry services where Qorvo manufactures custom designs for defense customers. Key customers include major smartphone manufacturers (with Apple being the largest customer), automotive OEMs, defense contractors, telecommunications infrastructure providers, and consumer electronics manufacturers. The company's largest customer relationship provides significant content per device, generating hundreds of dollars in semiconductor value per premium smartphone. Several factors influence Qorvo's margins and profitability. Positive margin drivers include the ongoing transition to 5G networks requiring more complex RF solutions, increasing RF content per device as wireless standards advance, growing adoption of Ultra-Wideband technology in automotive applications, and expansion in high-margin defense and aerospace markets. The company benefits from designing highly integrated solutions that command premium pricing compared to discrete components. Margin pressures come from competitive dynamics in the Android smartphone ecosystem, cyclical downturns in consumer electronics demand, factory underutilization during demand slowdowns, and the need for continuous R&D investment to stay ahead of rapidly evolving wireless standards. The company has also faced challenges from inventory corrections in the Android supply chain and mix shifts toward lower-margin market segments.
Competitive moat
Qorvo's competitive moat is moderately strong but faces ongoing challenges from technological disruption and competitive pressures. The company's primary moat stems from its deep RF engineering expertise and extensive intellectual property portfolio built over decades of wireless technology development. RF design is highly specialized, requiring significant technical knowledge and experience to create solutions that meet stringent performance, power consumption, and size requirements. The company benefits from high switching costs once customers integrate Qorvo's solutions into their product designs. Smartphone and automotive design cycles typically span 2-3 years, creating natural customer stickiness. Additionally, Qorvo's ability to provide highly integrated, multi-function modules gives it advantages over competitors offering only discrete components. Scale advantages exist in manufacturing, particularly in advanced processes like bulk acoustic wave (BAW) filters and gallium arsenide (GaAs) amplifiers. The company's investment in 8-inch wafer production and advanced packaging capabilities creates barriers for smaller competitors. However, the moat faces several threats. Customer concentration risk is significant, with Apple representing a large portion of revenue. The smartphone market's maturation and longer replacement cycles pressure growth. In the Android ecosystem, increasing commoditization and customer price sensitivity erode margins. Additionally, larger semiconductor companies like Broadcom, Skyworks, and Qualcomm compete aggressively, while emerging technologies could potentially disrupt traditional RF architectures. The company's diversification efforts into automotive, defense, and connectivity markets aim to reduce these vulnerabilities, but success is not guaranteed.
Risks & safety
Qorvo demonstrates a moderate margin of safety with solid financial fundamentals but elevated valuation metrics and cyclical earnings volatility. • Balance sheet strength: Strong liquidity position with $1.02 billion in cash and short-term investments, current ratio of 2.77, and manageable debt levels with debt-to-equity ratio of 0.46 • Cash generation: Positive free cash flow of $485 million in FY2025, though operating cash flow can be volatile during inventory cycles • Solvency risk: Low near-term solvency risk given strong balance sheet and diversified revenue streams • Valuation concerns: High P/E ratio of 53.9x and elevated EV/EBITDA of 59.9x suggest limited valuation cushion, though these metrics are distorted by temporarily depressed earnings • Cyclical earnings: EBITDA declined significantly to $96 million in FY2025 from $532 million in FY2023, reflecting cyclical pressures in mobile markets • Other considerations: Revenue concentration risk with largest customer, exposure to consumer electronics cycles, and execution risk in diversification strategy
Recent development
Over the past few years, Qorvo has undertaken significant strategic initiatives to diversify beyond its traditional mobile-centric business model. The company has reorganized into three focused segments - Advanced Cellular Group, High Performance Analog, and Connectivity & Sensors Group - to better capitalize on growth opportunities across multiple end markets. Key strategic developments include: 1. Defense and aerospace expansion: Qorvo completed the acquisition of Anokiwave to strengthen its defense portfolio and has built a design win funnel exceeding $5 billion. The company achieved record revenue quarters in defense and aerospace, targeting $1 billion in annual revenue from this segment. 2. Automotive market penetration: The company has secured significant Ultra-Wideband design wins with a sales funnel growing to over $2 billion for automotive applications. Qorvo is sampling fully integrated UWB system-on-chip solutions and expanding vehicle-to-everything (V2X) connectivity solutions in key markets including Japan and China. 3. Manufacturing optimization: The company has been consolidating its manufacturing footprint, transitioning gallium arsenide production to its Oregon facility and closing operations in Costa Rica. It completed the transition to 8-inch BAW wafer production to improve manufacturing efficiency. 4. Product portfolio evolution: Qorvo has been shifting away from lower-margin Android programs while investing in premium smartphone solutions, including developing envelope tracking solutions for major customers' internal baseband processors. The company has also expanded into power management with new ICs for wearables and battery management solutions. 5. Operational efficiency initiatives: Management has implemented cost reduction programs targeting over $100 million in annualized savings while optimizing R&D investments toward higher-growth markets like connectivity, power management, and defense applications.
QRVO company profile · for informational purposes only — not investment advice.
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