Qorvo
Builds RF, connectivity and power semiconductors for mobile, infrastructure and defense markets.
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Profile
Designs and commercializes radio-frequency, connectivity and power semiconductors across Advanced Cellular Group, Connectivity and Sensors Group, and High Performance Analog. Mobile demand and Apple-related contract manufacturers shape the revenue mix, while design wins and a hybrid internal-and-outsourced manufacturing model govern execution.
Develops and commercializes products for wireless, wired and power markets. Reporting is organized around Advanced Cellular Group, Connectivity and Sensors Group, and High Performance Analog, with operations spread across multiple countries.
Combines RF and power design with retained wafer fabrication and outsourced manufacturing. Engineers and technicians dominate the workforce, while recent facility and portfolio sales have narrowed the production footprint.
Apple-related contract manufacturers provide roughly half of revenue, making mobile product cycles and design wins central dependencies. Supply continuity, fabrication yields and utilization also shape results. A shareholder-approved merger with Skyworks remains pending regulatory approvals, so the business continues as a standalone Nasdaq-listed company.
Company facts
Key statistics
Year to date +9.8% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | UBS | Reiterate | Buy | $87 | $96 | |
| May 6, 2026 | Craig-Hallum | Target | $95 | $120 | ||
| Apr 22, 2026 | Barclays | Upgrade | Equal Weight | Overweight | ||
| Apr 20, 2026 | Mizuho Securities | Target | $70 | $66 | ||
| Apr 20, 2026 | Mizuho | Downgrade | Neutral | Underperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q1 FY27 | $1.11 | $1.64 | +47.7% | $743.3M | $784.8M | +5.6% | −2.46% |
| May 5, 2026Q4 FY26 | $1.21 | $1.69 | +39.7% | $801.3M | $808.3M | +0.9% | −7.69% |
| Jan 27, 2026Q3 FY26 | $1.87 | $2.17 | +16.0% | $988.0M | $993.0M | +0.5% | −6.80% |
| Oct 28, 2025Q2 FY26 | $2.03 | $2.22 | +9.4% | $982.6M | $1.06B | +7.7% | −1.99% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $869.5M | $818.8M | $1.06B | $993.0M | $808.3M | $784.8M | |
| Gross profit | $366.6M | $331.8M | $497.1M | $464.2M | $395.0M | $401.0M | |
| Operating income | $28.2M | $30.1M | $157.7M | $192.1M | $31.5M | $96.8M | |
| Net income | $31.4M | $25.6M | $119.6M | $164.1M | $29.7M | $85.8M | |
| Diluted EPS | $0.33 | $0.27 | $1.28 | $1.75 | $0.32 | $0.96 | |
| Gross margin | 42.2% | 40.5% | 47.0% | 46.7% | 48.9% | 51.1% | |
| Operating margin | 3.2% | 3.7% | 14.9% | 19.4% | 3.9% | 12.3% |
Fiscal years (4-quarter sums)FY22 $4.65B · FY23 $3.57B · FY24 $3.77B · FY25 $3.72B · FY26 $3.68B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 27, 2026Cash & short-term investments $1.33B · Total debt $1.55B · Total assets $5.94B · Shareholders' equity $3.47B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 88.22M · Float 82.02M · 93.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.11M | 11.46% | 13F | Aug 7, 2026 |
| Peter A. Feld · director | 5.61M | 6.36% | Form 4 | Jun 2, 2026 |
| Starboard Value LP | 5.61M | 6.36% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 5.33M | 6.04% | 13F | Aug 13, 2026 |
| State Street Corp | 3.82M | 4.33% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Grant Brown | officer: SVP & Chief Financial Officer | −5,179 | $97.50 |
| Aug 17, 2026 | Philip Chesley | officer: SVP, High Performance Analog | −5,487 | $97.50 |
| Jun 1, 2026 | Robert A. Bruggeworth | director, officer: President and CEO | −57,957 | $100.40 |
| Jun 2, 2026 | Peter A. Feld | director | −1,900,000 | $101.20 |
| May 22, 2026 | Paul J. Fego | officer: SVP, Global Operations | −2,500 | $100.00 |
Peers
- Broadcom
Cellular RF front ends, acoustic filters, and wireless connectivity
- Skyworks Solutions
Mobile RF front ends and broad-market wireless connectivity
- Qualcomm
Modem-to-antenna cellular RF and multi-radio connectivity platforms
- Analog Devices
High-performance RF, microwave, mixed-signal, and power solutions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Qorvo | $95.63 | +0.97% | $8.36B | 22.0 | 12.2 | 2.3 | −4.2% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Skyworks Solutions | $65.74 | −0.12% | $9.90B | 34.1 | 13.7 | 2.5 | −3.1% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Analog Devices | $362.00 | +0.02% | $176.22B | 42.9 | 22.6 | 12.7 | +39.6% |
| Median | 38.5 | 20.2 | 8.3 | +18.3% |