QRVO
Qorvo, Inc.
Next earnings Jul 27, 2026 · consensus $1.11 EPS, $754M rev
Last earnings +4.1% on 2026-05-05
$87.57
▼ -6.38%$87.57▲ +4.44%
over 1Y
L $76.02H $108.23
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-6.4%
1W-8.2%
1M-14.8%
3M+11.3%
YTD+1.5%
1Y+4.4%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 27 analysts
Hold
RF-chip maker with a strong margin/profit recovery but flat revenue and heavy smartphone-customer concentration — a fairly priced hold.
Revenue $3.68B · FY2026
The read
Middling fundamentals offset by an attractive price (~57% below fair value) — worth a look on the value angle.
Qorvo is a leading RF-semiconductor supplier whose fortunes track the smartphone cycle (notably its largest customer). FY2026 shows a powerful profitability recovery off a depressed base: net income jumped 509.5% to $339M, operating income rose 330.7% to $411M, and diluted EPS surged to $3.62 — even though revenue actually slipped 1.1% to $3.68B. The improvement came from mix and cost discipline rather than growth: gross profit rose 9.9% with gross margin reaching 45.9%, while the company restructured toward higher-value content.
The balance sheet and cash generation are healthy: liabilities/equity of 0.74x, $1.22B cash (+19.4%), $1.55B long-term debt, and $809M of operating cash flow (+30.0%) on modest $129M capex. Management is returning capital aggressively — $533M of buybacks (+49.5%) cut the share count 5.4%, directly amplifying EPS. R&D was trimmed slightly (-2.9% to $726M), which preserves margins but bears watching in a technology-intensive business.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:51 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B |
| Gross profit | $2.29B | $1.30B | $1.49B | $1.54B | $1.69B |
| Operating income | $1.23B | $183M | $91.7M | $95.5M | $411M |
| Net income | $1.03B | $103M | -$70.3M | $55.6M | $339M |
| Diluted EPS | $9.26 | $1.00 | -$0.72 | $0.58 | $3.62 |
| Net margin | 22.2% | 2.9% | -1.9% | 1.5% | 9.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.06B
EV / EBITDA—
EV / Sales2.2
EV / FCF11.9
P / FCF11.4
PEG (trailing)0.05
Earnings yield4.4%
FCF yield8.8%
Quality & risk
ROIC (est.)6.6%
Free cash flow$680M
Total debt$1.55B
Net cash-$330M
Altman Z-Score3.07 safe
Piotroski F-Score8/9
Capital returns
Buyback yield6.9%
Dividend yield (est.)—
Shareholder yield6.9%
Shares Δ YoY-5.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗ARSPeriod ending 2026-03-282026-06-26open ↗DEFA14AFiling2026-06-26open ↗DEF 14APeriod ending 2026-08-112026-06-26open ↗8-KPeriod ending 2026-06-112026-06-12open ↗425Filing2026-06-12open ↗8-KPeriod ending 2026-06-042026-06-09open ↗4Period ending 2026-06-042026-06-08open ↗4Period ending 2026-06-022026-06-02open ↗SCHEDULE 13D/AFiling2026-06-02open ↗144Filing2026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗144Filing2026-06-01open ↗
Frequently asked
- Is Qorvo, Inc. (QRVO) a buy?
- QRVO currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. RF-chip maker with a strong margin/profit recovery but flat revenue and heavy smartphone-customer concentration — a fairly priced hold.
- What is QRVO's fair value?
- A Modified-Graham model based on QRVO's SEC fundamentals estimates a fair value of about $137.56. It is an estimate from reported earnings, not a price target.
- Is QRVO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, QRVO currently appears undervalued relative to its SEC-grounded earnings power.
- What is Qorvo, Inc.'s quality score?
- QRVO scores 65.3577905996548/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001604778, latest 10-K filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:51:03 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.