Symbols / QRVO Stock $91.51 +1.98% Qorvo, Inc.

Technology • Semiconductors • United States • NMS
QRVO (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Robert A. Bruggeworth
Exch · Country NMS · United States
Market Cap 8.05B
Enterprise Value 8.44B
Income 338.99M
Sales 3.68B
FCF (ttm) 556.70M
Book/sh 39.92
Cash/sh 13.85
Employees 5,200
Insider 10d —
IPO Jan 02, 2015
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 25.28
Forward P/E 11.70
PEG 0.90
P/S 2.19
P/B 2.29
P/C —
EV/EBITDA 10.37
EV/Sales 2.29
Quick Ratio 2.27
Current Ratio 3.24
Debt/Eq 48.03
LT Debt/Eq —
EPS (ttm) 3.62
EPS next Y 7.82
EPS Growth -5.60%
Revenue Growth -7.00%
EPS Gr Q/Q -5.20%
Rev Gr Q/Q —
Earnings (next) 2026-07-28
Earnings (prior) 2026-05-05
ROA 5.86%
ROE 10.06%
ROIC —
Gross Margin 46.20%
Oper. Margin 16.02%
Profit Margin 9.21%
Shs Outstand 88.01M
Shs Float 79.66M
Insider Own 1.15%
Instit Own 98.60%
Short Float 9.35%
Short Ratio 5.80
Short Interest 5.87M
52W High 106.30
vs 52W High -13.91%
52W Low 73.00
vs 52W Low 25.36%
Beta 1.42
Impl. Vol. 1.56%
Rel Volume 0.62
Avg Volume 1.20M
Volume 745.70K
Target (mean) $94.47
Tgt Median $98.00
Tgt Low $66.00
Tgt High $128.00
# Analysts 15
Recom Hold
Prev Close $89.73
Price $91.51
Change 1.98%
About

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency, analog mixed signal, and power management solutions for defense and aerospace markets, as well as offers compound semiconductor foundry services, wafer processing, advanced packaging and heterogeneous integration solutions. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, and cellular solutions. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$94.47
Mean price target
2. Current target
$91.51
Latest analyst target
3. DCF / Fair value
$113.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$91.51
Low
$66.00
High
$128.00
Mean
$94.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-07 main Citigroup Neutral → Neutral $100
2026-05-06 main UBS Neutral → Neutral $100
2026-05-06 main JP Morgan Neutral → Neutral $100
2026-04-22 up Barclays Equal-Weight → Overweight $100
2026-04-20 down Mizuho Neutral → Underperform $66
2026-04-17 down Wolfe Research Outperform → Peer Perform —
2026-03-03 main Barclays Equal-Weight → Equal-Weight $95
2026-01-28 reit Benchmark Hold → Hold —
2026-01-28 main Citigroup Neutral → Neutral $90
2026-01-28 main Piper Sandler Overweight → Overweight $90
2026-01-28 main Mizuho Neutral → Neutral $70
2026-01-28 main Stifel Hold → Hold $85
2026-01-22 main Susquehanna Neutral → Neutral $90
2026-01-20 main UBS Neutral → Neutral $87
2025-11-11 up Mizuho Underperform → Neutral $93
2025-11-04 up JP Morgan Underweight → Neutral $105
2025-10-29 main UBS Neutral → Neutral $108
2025-10-29 down Benchmark Buy → Hold —
2025-10-29 up Citigroup Sell → Neutral $105
2025-10-28 down Benchmark Buy → Hold —
News
RSS: Latest QRVO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-26 HARDING JOHN R Director — 1,200 $82.66 $99,192
2026-02-17 STEWART FRANK P Officer — 8,226 $83.06 $683,252
2026-02-17 BROWN GRANT A. Chief Financial Officer — 20,608 $83.06 $1,711,700
2026-02-17 STEWART FRANK P Officer — 234 $0.00 $0
2025-11-17 HARDING JOHN R Director — 903 $82.82 $74,786
2025-09-22 FEGO PAUL J Officer — 13,612 $95.00 $1,293,140
2025-08-15 CHESLEY PHILIP Officer — 2,664 $90.09 $240,000
2025-08-14 CHESLEY PHILIP Officer — 10,057 $0.00 $0
2025-08-14 BROWN GRANT A. Chief Financial Officer — 15,025 $0.00 $0
2025-08-14 STEWART FRANK P Officer — 8,488 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
3,718.97
-1.34%
3,769.51
+5.61%
3,569.40
-23.17%
4,645.71
Operating Revenue
3,718.97
-1.34%
3,769.51
+5.61%
3,569.40
-23.17%
4,645.71
Cost Of Revenue
2,183.38
-4.28%
2,281.01
+0.38%
2,272.46
-3.69%
2,359.55
Reconciled Cost Of Revenue
2,183.38
-4.28%
2,281.01
+0.38%
2,272.46
-3.69%
2,359.55
Gross Profit
1,535.59
+3.16%
1,488.49
+14.77%
1,296.94
-43.27%
2,286.17
Operating Expense
1,247.49
+6.14%
1,175.38
+6.72%
1,101.36
+8.82%
1,012.10
Research And Development
747.71
+9.59%
682.25
+4.99%
649.84
+4.20%
623.64
Selling General And Administration
403.62
+3.72%
389.14
+8.46%
358.79
+2.59%
349.72
Selling And Marketing Expense
231.91
+6.74%
217.27
+3.12%
210.69
—
General And Administrative Expense
171.71
-0.09%
171.87
+16.05%
148.10
—
Other Gand A
171.71
-0.09%
171.87
+16.05%
148.10
—
Other Operating Expenses
96.16
-7.53%
103.99
+12.14%
92.73
+139.34%
38.74
Total Expenses
3,430.88
-0.74%
3,456.39
+2.45%
3,373.82
+0.06%
3,371.64
Operating Income
288.10
-7.99%
313.12
+60.10%
195.58
-84.65%
1,274.07
Total Operating Income As Reported
95.53
+4.17%
91.70
-49.94%
183.17
-85.06%
1,226.07
EBITDA
441.06
-4.89%
463.74
-12.82%
531.94
-66.87%
1,605.83
Normalized EBITDA
633.63
-7.52%
685.15
+25.87%
544.35
-67.09%
1,653.83
Reconciled Depreciation
296.84
-7.51%
320.93
-5.29%
338.85
-6.24%
361.42
EBIT
144.23
+1.00%
142.81
-26.04%
193.09
-84.48%
1,244.41
Total Unusual Items
-192.57
+13.03%
-221.41
-1684.01%
-12.41
+74.14%
-48.00
Total Unusual Items Excluding Goodwill
-192.57
+13.03%
-221.41
-1684.01%
-12.41
+74.14%
-48.00
Special Income Charges
-192.57
+13.03%
-221.41
-1684.01%
-12.41
+74.14%
-48.00
Impairment Of Capital Assets
192.57
-13.03%
221.41
+1684.01%
12.41
-74.14%
48.00
Net Income
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Pretax Income
65.90
-10.41%
73.56
-40.98%
124.63
-89.45%
1,181.08
Net Non Operating Interest Income Expense
-78.33
-13.12%
-69.25
-1.14%
-68.46
-8.11%
-63.33
Interest Expense Non Operating
78.33
+13.12%
69.25
+1.14%
68.46
+8.11%
63.33
Net Interest Income
-78.33
-13.12%
-69.25
-1.14%
-68.46
-8.11%
-63.33
Interest Expense
78.33
+13.12%
69.25
+1.14%
68.46
+8.11%
63.33
Other Income Expense
-143.87
+15.53%
-170.31
-6748.01%
-2.49
+91.61%
-29.66
Other Non Operating Income Expenses
48.70
-4.70%
51.10
+414.95%
9.92
-45.89%
18.34
Tax Provision
10.28
-92.85%
143.88
+569.94%
21.48
-85.46%
147.73
Tax Rate For Calcs
0.00
-25.71%
0.00
+22.09%
0.00
+37.51%
0.00
Tax Effect Of Unusual Items
-30.04
+35.39%
-46.50
-2078.16%
-2.13
+64.44%
-6.00
Net Income Including Noncontrolling Interests
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Net Income From Continuing Operation Net Minority Interest
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Net Income From Continuing And Discontinued Operation
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Net Income Continuous Operations
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Normalized Income
218.14
+108.56%
104.60
-7.79%
113.43
-89.45%
1,075.35
Net Income Common Stockholders
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Diluted EPS
0.58
+179.01%
-0.73
-173.41%
1.00
-89.20%
9.26
Basic EPS
0.59
+180.37%
-0.73
-171.08%
1.03
-89.16%
9.53
Basic Average Shares
94.59
-1.27%
95.80
-2.89%
98.65
-7.20%
106.30
Diluted Average Shares
95.45
-2.16%
97.56
-5.30%
103.02
-7.64%
111.55
Diluted NI Availto Com Stockholders
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
5,933.13
-9.48%
6,554.64
-2.05%
6,691.90
-10.88%
7,509.07
Current Assets
2,167.28
-11.40%
2,446.03
+20.51%
2,029.79
-17.15%
2,449.86
Cash Cash Equivalents And Short Term Investments
1,021.18
-0.79%
1,029.26
+27.26%
808.76
-16.85%
972.59
Cash And Cash Equivalents
1,021.18
-0.79%
1,029.26
+27.26%
808.76
-16.85%
972.59
Receivables
397.74
-6.94%
427.39
+29.10%
331.05
-44.92%
601.00
Accounts Receivable
386.72
-6.35%
412.96
+35.61%
304.52
-46.47%
568.85
Gross Accounts Receivable
387.03
-6.35%
413.27
+35.55%
304.89
-46.44%
569.25
Allowance For Doubtful Accounts Receivable
-0.31
+1.28%
-0.31
+15.18%
-0.37
+8.21%
-0.40
Other Receivables
11.02
-23.59%
14.43
-45.63%
26.54
-17.47%
32.15
Inventory
640.99
-9.79%
710.55
-10.80%
796.60
+5.40%
755.75
Raw Materials
184.69
-8.45%
201.75
-23.69%
264.37
+11.97%
236.09
Work In Process
322.81
-7.02%
347.18
+0.47%
345.55
-3.30%
357.33
Finished Goods
133.48
-17.42%
161.63
-13.42%
186.68
+15.01%
162.32
Prepaid Assets
32.81
-19.12%
40.56
-13.11%
46.68
-6.33%
49.84
Assets Held For Sale Current
0.00
-100.00%
159.28
0.00
—
Other Current Assets
74.56
-5.62%
78.99
+69.14%
46.70
-33.93%
70.69
Total Non Current Assets
3,765.86
-8.34%
4,108.60
-11.87%
4,662.11
-7.85%
5,059.21
Net PPE
801.89
-7.93%
870.98
-24.25%
1,149.81
-8.28%
1,253.59
Gross PPE
2,647.26
+3.63%
2,554.57
-16.25%
3,050.12
+2.07%
2,988.20
Accumulated Depreciation
-1,845.37
-9.61%
-1,683.59
+11.40%
-1,900.32
-9.55%
-1,734.61
Properties
0.00
0.00
0.00
0.00
Land And Improvements
23.04
+0.00%
23.04
-10.85%
25.84
+0.00%
25.84
Buildings And Improvements
366.06
+3.40%
354.04
-23.68%
463.89
+7.31%
432.31
Machinery Furniture Equipment
2,159.94
+3.28%
2,091.27
-13.95%
2,430.31
+1.19%
2,401.74
Construction In Progress
98.22
+13.91%
86.23
-33.71%
130.09
+1.38%
128.32
Goodwill And Other Intangible Assets
2,663.22
-12.51%
3,043.98
-7.72%
3,298.52
-4.40%
3,450.42
Goodwill
2,389.74
-5.72%
2,534.60
-8.19%
2,760.81
-0.53%
2,775.63
Other Intangible Assets
273.48
-46.31%
509.38
-5.27%
537.70
-20.32%
674.79
Investments And Advances
23.43
+0.78%
23.25
+13.95%
20.41
-34.36%
31.09
Other Non Current Assets
277.31
+62.76%
170.38
-11.89%
193.38
-40.33%
324.11
Total Liabilities Net Minority Interest
2,540.82
-15.26%
2,998.26
+7.50%
2,789.11
-5.64%
2,955.85
Current Liabilities
783.18
-36.33%
1,230.09
+121.33%
555.76
-17.68%
675.13
Payables And Accrued Expenses
548.64
-6.97%
589.76
+36.15%
433.16
-23.75%
568.10
Payables
260.66
+3.03%
252.99
+20.07%
210.70
-35.75%
327.92
Accounts Payable
260.66
+3.03%
252.99
+20.07%
210.70
-35.75%
327.92
Current Accrued Expenses
287.98
-14.49%
336.77
+51.38%
222.46
-7.38%
240.19
Current Debt And Capital Lease Obligation
—
438.74
+141429.03%
0.31
—
Current Debt
—
438.74
+141429.03%
0.31
—
Other Current Borrowings
—
438.74
—
—
Other Current Liabilities
234.54
+16.35%
201.59
+64.84%
122.29
+14.26%
107.03
Total Non Current Liabilities Net Minority Interest
1,757.64
-0.60%
1,768.18
-20.83%
2,233.35
-2.08%
2,280.73
Long Term Debt And Capital Lease Obligation
1,549.21
0.00%
1,549.27
-24.35%
2,048.07
+0.05%
2,047.10
Long Term Debt
1,549.21
0.00%
1,549.27
-24.35%
2,048.07
+0.05%
2,047.10
Other Non Current Liabilities
208.42
-4.79%
218.90
+18.15%
185.27
-20.70%
233.63
Stockholders Equity
3,392.31
-4.61%
3,556.37
-8.88%
3,902.79
-14.28%
4,553.22
Common Stock Equity
3,392.31
-4.61%
3,556.37
-8.88%
3,902.79
-14.28%
4,553.22
Capital Stock
3,431.31
-6.02%
3,651.07
-4.46%
3,821.47
-5.31%
4,035.85
Common Stock
3,431.31
-6.02%
3,651.07
-4.46%
3,821.47
-5.31%
4,035.85
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
92.92
-3.00%
95.80
-2.89%
98.65
-7.20%
106.30
Ordinary Shares Number
92.92
-3.00%
95.80
-2.89%
98.65
-7.20%
106.30
Retained Earnings
-33.98
+62.07%
-89.60
-206.04%
84.50
-83.50%
512.14
Gains Losses Not Affecting Retained Earnings
-5.01
+1.65%
-5.10
-60.54%
-3.17
-160.68%
5.23
Other Equity Adjustments
-5.01
+1.65%
-5.10
-60.54%
-3.17
-160.68%
5.23
Total Equity Gross Minority Interest
3,392.31
-4.61%
3,556.37
-8.88%
3,902.79
-14.28%
4,553.22
Total Capitalization
4,941.53
-3.21%
5,105.64
-14.20%
5,950.87
-9.84%
6,600.32
Working Capital
1,384.09
+13.83%
1,215.95
-17.51%
1,474.03
-16.94%
1,774.74
Invested Capital
4,941.53
-10.87%
5,544.38
-6.84%
5,951.18
-9.83%
6,600.32
Total Debt
1,549.21
-22.07%
1,988.01
-2.95%
2,048.38
+0.06%
2,047.10
Net Debt
528.04
-44.92%
958.75
-22.66%
1,239.63
+15.37%
1,074.51
Net Tangible Assets
729.09
+42.29%
512.39
-15.21%
604.28
-45.21%
1,102.80
Tangible Book Value
729.09
+42.29%
512.39
-15.21%
604.28
-45.21%
1,102.80
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
622.20
-25.32%
833.19
-1.19%
843.23
-19.63%
1,049.24
Cash Flow From Continuing Operating Activities
622.20
-25.32%
833.19
-1.19%
843.23
-19.63%
1,049.24
Net Income From Continuing Operations
55.62
+179.09%
-70.32
-168.17%
103.15
-90.02%
1,033.35
Depreciation Amortization Depletion
296.84
-7.51%
320.93
-5.29%
338.85
-6.24%
361.42
Depreciation
163.22
-15.44%
193.03
-6.49%
206.42
-2.15%
210.95
Amortization Cash Flow
133.61
+4.47%
127.90
-3.42%
132.43
-11.99%
150.47
Depreciation And Amortization
296.84
-7.51%
320.93
-5.29%
338.85
-6.24%
361.42
Amortization Of Intangibles
133.61
+4.47%
127.90
-3.42%
132.43
-11.99%
150.47
Other Non Cash Items
25.48
-39.05%
41.81
+65.25%
25.30
+69.86%
14.89
Stock Based Compensation
136.35
+12.84%
120.83
+14.45%
105.58
+26.43%
83.51
Asset Impairment Charge
199.05
-22.89%
258.13
+7.77%
239.51
+398.98%
48.00
Deferred Tax
-84.74
-536.68%
19.41
+129.34%
-66.14
-307.51%
31.88
Deferred Income Tax
-84.74
-536.68%
19.41
+129.34%
-66.14
-307.51%
31.88
Operating Gains Losses
—
35.26
—
0.74
Change In Working Capital
-6.39
-104.49%
142.40
+46.83%
96.98
+118.52%
-523.80
Change In Receivables
26.81
+125.34%
-105.78
-139.95%
264.78
+345.40%
-107.90
Changes In Account Receivables
26.81
+125.34%
-105.78
-139.95%
264.78
+345.40%
-107.90
Change In Inventory
18.19
-80.42%
92.91
+214.07%
-81.45
+65.52%
-236.20
Change In Prepaid Assets
-24.35
-5.07%
-23.17
-153.59%
43.24
+124.47%
-176.74
Change In Payables And Accrued Expense
-38.60
-117.54%
220.12
+265.37%
-133.11
-701.35%
22.14
Change In Accrued Expense
-45.78
-134.95%
130.98
+843.65%
-17.61
-49.07%
-11.81
Change In Payable
7.18
-91.95%
89.14
+177.18%
-115.50
-440.19%
33.95
Change In Account Payable
7.18
-91.95%
89.14
+177.18%
-115.50
-440.19%
33.95
Change In Other Working Capital
-4.10
-147.26%
8.68
+126.12%
-33.24
-958.94%
-3.14
Change In Other Current Liabilities
15.66
+131.10%
-50.35
-236.97%
36.76
+267.38%
-21.96
Investing Cash Flow
36.55
+126.79%
-136.47
+11.04%
-153.41
+74.26%
-595.96
Cash Flow From Continuing Investing Activities
36.55
+126.79%
-136.47
+11.04%
-153.41
+74.26%
-595.96
Net PPE Purchase And Sale
-130.54
-68.05%
-77.68
+50.55%
-157.11
+26.09%
-212.57
Purchase Of PPE
-137.60
-8.15%
-127.23
+19.96%
-158.95
+25.54%
-213.47
Sale Of PPE
7.06
-85.75%
49.55
+2582.62%
1.85
+105.68%
0.90
Capital Expenditure
-137.60
-8.15%
-127.23
+19.96%
-158.95
+25.54%
-213.47
Net Business Purchase And Sale
172.33
+373.65%
-62.97
-66188.42%
-0.10
+99.98%
-389.14
Purchase Of Business
-0.79
+99.05%
-82.97
-87241.05%
-0.10
+99.98%
-389.14
Gain Loss On Sale Of Business
—
35.26
0.00
0.00
Net Other Investing Changes
-5.23
-224.94%
4.19
+10.39%
3.79
-34.03%
5.75
Financing Cash Flow
-684.36
-48.91%
-459.57
+46.14%
-853.35
+2.53%
-875.51
Cash Flow From Continuing Financing Activities
-684.36
-48.91%
-459.57
+46.14%
-853.35
+2.53%
-875.51
Net Issuance Payments Of Debt
-439.12
-653.10%
-58.31
0.00
-100.00%
301.57
Issuance Of Debt
—
0.00
0.00
-100.00%
499.07
Repayment Of Debt
-439.12
-653.10%
-58.31
0.00
+100.00%
-197.50
Long Term Debt Issuance
—
0.00
0.00
-100.00%
499.07
Long Term Debt Payments
-439.12
-653.10%
-58.31
0.00
+100.00%
-197.50
Net Long Term Debt Issuance
-439.12
-653.10%
-58.31
0.00
-100.00%
301.57
Net Common Stock Issuance
-320.60
+11.71%
-363.14
+56.21%
-829.24
+25.56%
-1,113.98
Common Stock Payments
-356.34
+10.93%
-400.05
+53.58%
-861.75
+25.21%
-1,152.29
Repurchase Of Capital Stock
-356.34
+10.93%
-400.05
+53.58%
-861.75
+25.21%
-1,152.29
Net Other Financing Charges
75.36
+297.64%
-38.13
-58.15%
-24.11
+61.79%
-63.10
Changes In Cash
-25.61
-110.80%
237.15
+245.02%
-163.53
+61.27%
-422.22
Effect Of Exchange Rate Changes
-2.48
-178.14%
3.17
+1057.70%
-0.33
+89.91%
-3.28
Beginning Cash Position
1,049.26
+29.71%
808.94
-16.84%
972.80
-30.43%
1,398.31
End Cash Position
1,021.18
-2.68%
1,049.26
+29.71%
808.94
-16.84%
972.80
Free Cash Flow
484.60
-31.36%
705.96
+3.17%
684.28
-18.13%
835.78
Interest Paid Supplemental Data
76.34
+38.11%
55.27
-16.40%
66.11
+11.32%
59.39
Income Tax Paid Supplemental Data
87.26
-15.33%
103.06
-2.58%
105.79
-15.59%
125.32
Common Stock Issuance
35.74
-3.19%
36.92
+13.57%
32.51
-15.13%
38.30
Earnings Losses From Equity Investments
—
—
—
0.00
Issuance Of Capital Stock
35.74
-3.19%
36.92
+13.57%
32.51
-15.13%
38.30
Sale Of Business
173.12
+765.59%
20.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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