Qorvo, Inc. (QRVO)
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]
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 StatementsAnalyst 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.
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...
QCOM Higher, QRVO & ETSY Lower After Earnings
Qualcomm (QCOM) is higher after earnings. Qorvo (QRVO) is lower despite reporting strong earnings.
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 ...
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...
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 ...
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...
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...
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...
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.
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.
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
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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...