Qorvo, Inc. (QRVO)

NASDAQ: QRVO · IEX Real-Time Price · USD
99.13
+0.08 (0.08%)
May 15, 2024, 11:48 AM EDT - Market open
0.08%
Market Cap 9.57B
Revenue (ttm) 3.46B
Net Income (ttm) -211.47M
Shares Out 96.55M
EPS (ttm) -2.09
PE Ratio n/a
Forward PE 13.68
Dividend n/a
Ex-Dividend Date n/a
Volume 208,347
Open 99.31
Previous Close 99.05
Day's Range 98.91 - 99.56
52-Week Range 80.62 - 121.65
Beta 1.53
Analysts Hold
Price Target 109.47 (+10.44%)
Earnings Date May 1, 2024

About QRVO

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. 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 and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, M... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 3, 1997
Employees 8,500
Stock Exchange NASDAQ
Ticker Symbol QRVO
Full Company Profile

Financial Performance

In 2023, Qorvo's revenue was $3.57 billion, a decrease of -23.17% compared to the previous year's $4.65 billion. Earnings were $103.15 million, a decrease of -90.02%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for QRVO stock is "Hold." The 12-month stock price forecast is $109.47, which is an increase of 10.44% from the latest price.

Price Target
$109.47
(10.44% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Slowing Mobile Phone Sales Take A Bite Out Of Apple Supplier Qorvo's Guidance

Qorvo (QRVO) shares slumped Thursday after the maker of radio frequency chips and a key supplier for Apple (AAPL) provided weaker-than-expected current-quarter guidance in response to declining mobile...

Other symbols: AAPL
12 days ago - Investopedia

QCOM Higher, QRVO & ETSY Lower After Earnings

Qualcomm (QCOM) is higher after earnings. Qorvo (QRVO) is lower despite reporting strong earnings.

Other symbols: ETSYQCOM
12 days ago - Schwab Network

Qorvo forecasts quarterly results below estimates on weak flagship smartphone market

Wireless connectivity chipmaker Qorvo forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as it expects weak demand from flagship smartphone market, sending shares down ...

13 days ago - Reuters

QCOM, EBAY, QRVO: Earnings Just Released

Qualcomm's (QCOM) 2Q adjusted EPS came in at $2.44 versus an estimated $2.30 and its revenue came in at $9.40B versus an estimated $9.32B. eBay's (EBAY) 1Q adjusted EPS came in at $1.25 versus an esti...

Other symbols: EBAYQCOM
13 days ago - Schwab Network

Qorvo® Announces Fiscal 2024 Fourth Quarter Financial Results

GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 ...

13 days ago - GlobeNewsWire

Qorvo® Announces Date of 2024 Investor Day

GREENSBORO, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced it will hold an Investor Day on Tuesday, June...

21 days ago - GlobeNewsWire

Qorvo® to Webcast Quarterly Earnings Conference Call on May 1, 2024

GREENSBORO, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 fourth quar...

4 weeks ago - GlobeNewsWire

Qorvo Stock Rises As Smartphone Handset Revival Drives Guidance Beat—Key Levels to Watch

Qorvo (QRVO) shares added more than 5% in premarket trading Thursday after the wireless chipmaker's fiscal fourth-quarter earnings and sales guidance exceeded analysts' expectations due to a rebound i...

3 months ago - Investopedia

Qualcomm (QCOM) & Qorvo (QRVO) Earnings Just Released

Qualcomm's (QCOM) 1Q adjusted EPS came in at $2.75 versus an estimated $2.38 and its revenue came in at $9.29B versus an estimated $9.50B. The company also issued updated guidance.

Other symbols: QCOM
3 months ago - Schwab Network

Qorvo expects strong Q4 on hopes of rebound in smartphone market

Wireless connectivity chipmaker Qorvo forecast fourth-quarter revenue and profit above Wall Street estimates on Wednesday, anticipating a rebound in the smartphone market.

3 months ago - Reuters

Qorvo® to Acquire Anokiwave

Anokiwave's Solutions Expand Qorvo's Addressable Opportunities in D&A, SATCOM and 5G Markets Anokiwave's Solutions Expand Qorvo's Addressable Opportunities in D&A, SATCOM and 5G Markets

3 months ago - GlobeNewsWire

Qorvo® Announces Fiscal 2024 Third Quarter Financial Results

GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024...

3 months ago - GlobeNewsWire

Qorvo® to Webcast Quarterly Earnings Conference Call on January 31, 2024

GREENSBORO, N.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 third quarte...

4 months ago - GlobeNewsWire

6 Losing Stocks That Look Ready to Become Winners

Investors need to be creative right now to find cheap stocks in the S&P 500.

Other symbols: CCMCSAPAYXPPGTREX
4 months ago - Barrons

Chipmaker Qorvo to sell some China facilities to Luxshare Precision Industry

Wireless connectivity chip maker Qorvo said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Pr...

5 months ago - Reuters

Qorvo Forms a Strategic Partnership With Luxshare

GREENSBORO, N.C., Dec. 18, 2023 (GLOBE NEWSWIRE) --  Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that it has reached a definitive agreement wi...

5 months ago - GlobeNewsWire

Qualcomm vs Qorvo stock: Morgan Stanley analyst picks a side

November was a strong month for both Qorvo Inc (NASDAQ: QRVO) and Qualcomm Inc (NASDAQ: QCOM) but a Morgan Stanley analyst recommends owning only one of them.

Other symbols: QCOM
5 months ago - Invezz

Qorvo® to Present at the UBS Global Technology Conference

GREENSBORO, N.C., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to prese...

6 months ago - GlobeNewsWire

Qorvo® Announces Fiscal 2024 Second Quarter Financial Results

GREENSBORO, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024...

6 months ago - GlobeNewsWire

Qorvo® to Webcast Quarterly Earnings Conference Call on November 1, 2023

GREENSBORO, N.C., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2024 second quart...

7 months ago - GlobeNewsWire

Qorvo® Announces Industry's Smallest Low Voltage Transmit Module for Cellular IoT

GREENSBORO, N.C., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced the latest in its growing portfolio of cellul...

8 months ago - GlobeNewsWire

Qorvo® to Present at the Goldman Sachs Communacopia + Technology Conference

GREENSBORO, N.C., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to prese...

9 months ago - GlobeNewsWire

Qorvo Statement on the Passing of Board Member Jeffery R. Gardner

GREENSBORO, N.C., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Qorvo, Inc. (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, issued a statement today announcing the loss of board mem...

9 months ago - GlobeNewsWire

With New IPhones Around The Corner, Are Apple Supplier Stocks A Buy?

Our Theme of Apple Component Supplier Stocaks, which includes a diverse set of companies that supply components for Apple's devices, has gained about 18% year-to-date,

Other symbols: CRUSGLWJBLQCOMSWKSTXN
9 months ago - Forbes

Qorvo® Announces Fiscal 2024 First Quarter Financial Results

GREENSBORO, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024...

10 months ago - GlobeNewsWire