(QRVO) Qorvo - NASDAQ
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 8.662m USD | Total Return: 15.3% in 12m
Avg Turnover: 136M
EPS Trend: 59.0%
Qual. Beats: 2
Rev. Trend: 52.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Confidence
Qorvo, Inc. (NASDAQ: QRVO) is a U.S.-based semiconductor company that designs and commercializes radio frequency (RF), connectivity, and power solutions for wireless, wired, and power markets across the United States, China, rest of Asia, Taiwan, and Europe. Founded in 1957 and headquartered in Greensboro, North Carolina, the company operates as a fabless designer that relies on its own compound semiconductor foundry services and external manufacturing partners.
The company is organized into three reporting segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). HPA supplies RF, analog mixed-signal, and power management solutions primarily to defense and aerospace customers, while also providing compound semiconductor foundry, wafer processing, and advanced packaging services. CSG delivers connectivity and sensor technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, and Wi-Fi to smart home, industrial automation, automotive, smartphone, wearable, gaming, and enterprise markets. ACG focuses on cellular RF solutions for smartphones, wearables, laptops, and tablets, and also serves defense primes and aerospace customers with foundry services.
Qorvo sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs), and also distributes through a network of sales representative firms and distributors. As a participant in the global semiconductors sub-industry, the company competes in the highly cyclical RF semiconductor market, where demand is closely tied to smartphone unit volumes, the rollout of new wireless standards (such as 5G and Wi-Fi 7), and rising content per device for features like UWB, Wi-Fi, and power management.
- Apple iPhone production cuts drag ACG cellular revenue
- China smartphone weakness pressures ACG segment margins
- HPA defense and aerospace segment delivers high-margin stability
- UWB adoption expands RF content per device
| Net Income: 339.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 3.50 > 1.0 |
| NWC/Revenue: 43.32% < 20% (prev 37.22%; Δ 6.10% < -1%) |
| CFO/TA 0.14 > 3% & CFO 808.6m > Net Income 339.0m |
| Net Debt (330.1m) to EBITDA (730.1m): 0.45 < 3 |
| Current Ratio: 3.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (92.6m) vs 12m ago -2.96% < -2% |
| Gross Margin: 45.89% > 18% (prev 41.29%; Δ 4.60% > 0.5%) |
| Asset Turnover: 62.57% > 50% (prev 62.68%; Δ -0.11% > 0%) |
| Interest Coverage Ratio: 6.45 > 6 (EBIT TTM 471.4m / Interest Expense TTM 73.1m) |
| A: 0.27 (Total Current Assets 2.31b - Total Current Liabilities 712.8m) / Total Assets 5.83b |
| B: 0.01 (Retained Earnings 38.8m / Total Assets 5.83b) |
| C: 0.08 (EBIT TTM 471.4m / Avg Total Assets 5.88b) |
| D: 1.35 (Book Value of Equity 3.34b / Total Liabilities 2.48b) |
| Altman-Z'' = 3.77 = AA |
| DSRI: 1.01 (Receivables 398.7m/397.7m, Revenue 3.68b/3.72b) |
| GMI: 0.90 (GM 41.29% / 45.89%) |
| AQI: 0.97 (AQ_t 0.48 / AQ_t-1 0.50) |
| SGI: 0.99 (Revenue 3.68b / 3.72b) |
| TATA: -0.08 (NI 339.0m - CFO 808.6m) / TA 5.83b) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of June 26, 2026, the stock is trading at USD 95.37 with a total of 1,244,712 shares traded. Over the past week, the price has changed by +0.76%, over one month by -11.88%, over three months by +18.12% and over the past year by +15.26%.
Current recommended Stop Loss: 89.90 (which is 5.7% or 1.2 ATR below the current price).
Qorvo has received a consensus analysts rating of 3.27. Therefore, it is recommended to hold QRVO.
- StrongBuy: 4
- Buy: 3
- Hold: 16
- Sell: 2
- StrongSell: 1
| Analysts Target Price | 91.5 | -4.1% |
P/E Trailing = 27.1878
P/E Forward = 14.771
P/S = 2.3548
P/B = 2.5902
P/EG = 0.9852
Revenue TTM = 3.68b USD
EBIT TTM = 471.4m USD
EBITDA TTM = 730.1m USD
Long Term Debt = 1.55b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 1.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 330.1m USD (calculated: Debt 1.55b - CCE 1.22b)
Enterprise Value = 8.99b USD (8.66b + Debt 1.55b - CCE 1.22b)
Interest Coverage Ratio = 6.45 (Ebit TTM 471.4m / Interest Expense TTM 73.1m)
EV/FCF = 13.23x (Enterprise Value 8.99b / FCF TTM 679.6m)
FCF Yield = 7.56% (FCF TTM 679.6m / Enterprise Value 8.99b)
FCF Margin = 18.47% (FCF TTM 679.6m / Revenue TTM 3.68b)
Net Margin = 9.22% (Net Income TTM 339.0m / Revenue TTM 3.68b)
Gross Margin = 45.89% ((Revenue TTM 3.68b - Cost of Revenue TTM 1.99b) / Revenue TTM)
Gross Margin QoQ = 48.87% (prev 46.75%)
Tobins Q-Ratio = 1.54 (Enterprise Value 8.99b / Total Assets 5.83b)
Interest Expense / Debt = 4.72% (Interest Expense 73.1m / Debt 1.55b)
Taxrate = 14.89% (59.3m / 398.3m)
NOPAT = 401.2m (EBIT 471.4m * (1 - 14.89%))
Current Ratio = 3.24 (Total Current Assets 2.31b / Total Current Liabilities 712.8m)
Debt / Equity = 0.46 (Debt 1.55b / totalStockholderEquity, last quarter 3.34b)
Debt / EBITDA = 0.45 (Net Debt 330.1m / EBITDA 730.1m)
Debt / FCF = 0.49 (Net Debt 330.1m / FCF TTM 679.6m)
Total Stockholder Equity = 3.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.77% (Net Income 339.0m / Total Assets 5.83b)
RoE = 9.69% (Net Income TTM 339.0m / Total Stockholder Equity 3.50b)
RoCE = 9.34% (EBIT 471.4m / Capital Employed (Equity 3.50b + L.T.Debt 1.55b))
RoIC = 8.14% (NOPAT 401.2m / Invested Capital 4.93b)
WACC = 11.13% (E(8.66b)/V(10.2b) * Re(12.40%) + D(1.55b)/V(10.2b) * Rd(4.72%) * (1-Tc(0.15)))
Discount Rate = 12.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -76.41 | Cagr: -2.10%
[DCF] Terminal Value 69.53% ; FCFF base≈601.6m ; Y1≈689.6m ; Y5≈1.01b
[DCF] Fair Price = 112.5 (EV 10.2b - Net Debt 330.1m = Equity 9.90b / Shares 88.0m; r=11.13% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 58.98 | EPS CAGR: 12.68% | SUE: 2.26 | # QB: 2
Revenue Correlation: 52.61 | Revenue CAGR: 4.52% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.06 | Chg30d=+7.97% | Revisions=+57% | Analysts=16
EPS next Quarter (2026-09-30): EPS=1.92 | Chg30d=+3.89% | Revisions=+38% | Analysts=16
EPS current Year (2027-03-31): EPS=6.90 | Chg30d=-0.01% | Revisions=+44% | GrowthEPS=-1.4% | GrowthRev=-6.1%
EPS next Year (2028-03-31): EPS=7.83 | Chg30d=+0.10% | Revisions=+20% | GrowthEPS=+13.5% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: +57%