Qorvo (NASDAQ:QRVO) Releases Quarterly Earnings Results, Beats Expectations By $0.48 EPS

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

Qorvo Price Performance

Shares of Qorvo stock traded down $7.41 during mid-day trading on Wednesday, reaching $88.94. 2,412,805 shares of the stock traded hands, compared to its average volume of 1,302,858. The stock has a market capitalization of $8.25 billion, a PE ratio of 24.50, a PEG ratio of 1.46 and a beta of 1.42. The business has a 50-day moving average of $81.03 and a 200 day moving average of $83.95. Qorvo has a fifty-two week low of $69.31 and a fifty-two week 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QRVO shares. Barclays upgraded Qorvo from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $95.00 to $100.00 in a research report on Wednesday, April 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Qorvo in a research note on Wednesday, January 28th. Wolfe Research lowered Qorvo from an “outperform” rating to a “peer perform” rating in a research report on Friday, April 17th. Morgan Stanley set a $84.00 price target on shares of Qorvo in a research note on Wednesday, January 28th. Finally, KeyCorp restated a “sector weight” rating on shares of Qorvo in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.19.

Key Qorvo News

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 Trading of Qorvo

Several large investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in Qorvo by 5.0% in the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares in the last quarter. FIL Ltd boosted its stake in Qorvo by 13.2% during the 4th quarter. FIL Ltd now owns 3,610,045 shares of the semiconductor company’s stock worth $305,085,000 after purchasing an additional 421,224 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Qorvo by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,869,834 shares of the semiconductor company’s stock worth $158,027,000 after buying an additional 142,731 shares in the last quarter. Bank of America Corp DE raised its position in shares of Qorvo by 20.2% in the second quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock valued at $128,975,000 after buying an additional 255,068 shares during the last quarter. Finally, AQR Arbitrage LLC acquired a new stake in shares of Qorvo in the fourth quarter valued at about $118,204,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

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.