DailyIQ
Last updated 9 minutes ago

QRVO·Qorvo, Inc.

$.
+. (+.%)
After Hours
High
$99.18
Open
$95.81
Market Cap
8.74B
52W High
$109.49
Low
$95.14
P. Close
$99.08
P/E
21.90
52W Low
$74.92
Fwd P/E
12.44
DailyIQ Est.
-
Technical Score (1D)
100
BUY
News Sentiment
69
BULLISH
QRVO reported a Q1 earnings beat that exceeded analyst expectations, with net income surging 165 % to $85.8 million despite a 4.3 % decline in sales, driven by strong performance in its High‑Performance Analog segment and effective cost controls. The earnings beat signals a shift in QRVO’s profitability dynamics, suggesting that margin expansion may continue and that the company’s gross margins could improve in the coming quarter. Traders should watch the upcoming earnings call for detailed guidance on revenue mix and margin targets, as the company’s guidance hints at further gross‑margin upside. The recent rally reflects investor optimism around the earnings beat and product announcements, but analysts caution that the rally’s sustainability is uncertain amid competitive pressures. The Zacks upgrade to a Buy rating, following the earnings beat and strong revenue growth, reinforces confidence in QRVO’s earnings trajectory, yet the upgrade also highlights that upside risk remains. Market sentiment remains mixed, with UBS raising the price target to $96 while Citigroup lowered it to $95, indicating that investors are weighing potential margin gains against merger concerns and cyclical headwinds. In the short term, QRVO’s valuation appears near intrinsic value, and earnings look cheap relative to peers, suggesting limited upside unless revenue or cost structure shifts materially. Traders should monitor any updates on the rumored merger with Skyworks, as merger uncertainty has already weighed on after‑hours trading and could influence short‑term price volatility. Finally, keep an eye on broader semiconductor cycle dynamics, particularly demand for RF and microwave solutions in 5G and defense markets, as these inputs could affect QRVO’s revenue mix and margin trajectory in the next few trading days.
Earnings Summary
Qorvo, Inc., a technology provider of RF and power solutions, serves defense, aerospace, and consumer markets through its High Performance Analog, Connectivity and Sensors Group, and Advanced Cellular Group segments. In the latest two quarters, Q4 2026 reported EPS of $1.69 versus the $1.231 estimate and revenue of $808 million, a slight miss against the $816 million forecast, while Q1 2027 delivered EPS of $1.64 beating the $1.1227 estimate and revenue of $784.8 million surpassing the $758 million projection, illustrating a rebound in top‑line performance. Compared to the prior two quarters, Q3 2025 posted EPS of $2.22 versus $2.1118 and revenue of $1.058 billion, a significant uptick from Q2 2025’s $818 million, and Q2 2025 saw EPS of $0.92 versus $0.62939 and revenue of $818 million, a decline from Q1 2025’s $869 million; the company has consistently beaten EPS estimates in all six quarters reported, with revenue oscillating between growth and contraction. Historically, Qorvo’s earnings beat streak reflects strong margin expansion, even as demand softness in certain segments has pressured revenue; the firm’s cost‑control measures have helped sustain profitability. Recent news highlights a Q1 earnings beat driven by improved operating margins, but also notes uncertainty surrounding a potential merger with Skyworks, which could reshape competitive dynamics; analysts have issued mixed price targets reflecting this strategic risk. Investors should watch for the merger’s progress, any shifts in revenue mix, and the company’s guidance on margin trajectory, as these developments will influence the next earnings cycle and the broader RF semiconductor market.

EPS

EstBeatMiss
$0.39$0.91$1.42$1.94$2.46Q1'25Q2'25Q3'25Q4'26Q1'27
QtrEstActual+/−
Q1'27$1.12$1.64+46.1%
Q4'26$1.23$1.69+37.3%
Q3'25$2.11$2.22+5.1%
Q2'25$0.63$0.92+46.2%
Q1'25$1.00$1.42+41.6%

Revenue

EstBeatMiss
$713M$811M$908M$1.0B$1.1BQ1'25Q2'25Q3'25Q4'26Q1'27
QtrEstActual+/−
Q1'27$758M$785M+3.5%
Q4'26$817M$808M-1.0%
Q3'25 - $1.1B -
Q2'25 - $819M -
Q1'25 - $869M -

Market Data

QRVO Stock Snapshot

QRVO is currently trading at $99.19, giving Qorvo, Inc. a market cap of 8.74B and a P/E ratio of 21.9. Today's range spans $95.14–$99.18, with shares opening at $95.81 and moving up $0.11 (0.1%) from the prior close. DailyIQ's technical score sits at 100/100 (BUY) with a news sentiment reading of 69/100.

Over the past year QRVO has traded between $74.92 and $109.49 - the current price is +32.4% off the 52-week low and -9.4% from the high.

Event-driven catalysts are within reach for Qorvo, Inc. (QRVO) - a small-cap in Technology with 8.74B in market cap sitting on a bullish technical setup (100/100, BUY) and bullish sentiment (69/100). The current P/E ratio stands at 21.9. Price: $99.19 (in the upper portion of its 52-week range in $74.92–$109.49). At this capitalization level, a single material announcement - earnings surprise, partnership, product update - can deliver a return that takes a mega-cap years to generate. The technical setup is the timing signal.

Small-cap BUY setups (100/100) like QRVO — 8.74B in Technology market cap — offer a different risk/reward profile than larger peers: the re-rating potential on a positive catalyst is larger in percentage terms, but the position-sizing discipline needs to account for thinner liquidity. At $99.19 (in the upper portion of its 52-week range in $74.92–$109.49), with bullish sentiment (69/100) supporting the directional read, this is a name that rewards concentrated attention rather than casual exposure.

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