Qorvo, Inc. (QRVO)

NASDAQ: QRVO · IEX Real-Time Price · USD
106.88
-0.09 (-0.08%)
At close: Feb 3, 2023, 4:00 PM
106.01
-0.87 (-0.81%)
After-hours: Feb 3, 2023, 7:47 PM EST
-0.08%
Market Cap 10.84B
Revenue (ttm) 4.10B
Net Income (ttm) 453.84M
Shares Out 101.39M
EPS (ttm) 4.27
PE Ratio 25.03
Forward PE 13.51
Dividend n/a
Ex-Dividend Date n/a
Volume 2,582,153
Open 105.29
Previous Close 106.97
Day's Range 104.69 - 109.54
52-Week Range 75.38 - 139.35
Beta 1.39
Analysts Hold
Price Target 98.18 (-8.14%)
Earnings Date Feb 1, 2023

About QRVO

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, f... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 3, 1997
Employees 8,900
Stock Exchange NASDAQ
Ticker Symbol QRVO
Full Company Profile

Financial Performance

In 2022, Qorvo's revenue was $4.65 billion, an increase of 15.70% compared to the previous year's $4.02 billion. Earnings were $1.03 billion, an increase of 40.86%.

Financial Statements

Analyst Forecast

According to 34 analysts, the average rating for QRVO stock is "Hold." The 12-month stock price forecast is $98.18, which is a decrease of -8.14% from the latest price.

Price Target
$98.18
(-8.14% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Qorvo stock drops nearly 10% as analysts expect inventory correction to continue

Qorvo Inc. shares fell Thursday while the broader market rallied after analysts said inventory digestion will likely hamper the radiofrequency chip maker until the second half of the year.

3 days ago - Market Watch

Qorvo (QRVO) Q3 Earnings Beat Estimates, Revenues Decline Y/Y

Despite surpassing earnings estimates, Qorvo (QRVO) reports lower revenues year over year as it continues to navigate through adverse macroeconomic and geopolitical conditions.

3 days ago - Zacks Investment Research

Qorvo® Introduces Advanced Power Solution for Phased Array Systems

Three-chip Solution Provides Configurable GaN Bias Point Autocalibration Three-chip Solution Provides Configurable GaN Bias Point Autocalibration

3 days ago - GlobeNewsWire

Qorvo (QRVO) Q3 Earnings and Revenues Beat Estimates

Qorvo (QRVO) delivered earnings and revenue surprises of 17.19% and 2.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

3 days ago - Zacks Investment Research

Qorvo stock falls as outlook disappoints

Qorvo Inc. QRVO, +4.48% shares dropped in the extended session Wednesday after the chip maker's outlook fell well below the Wall Street consensus. Qorvo shares fell as much as 8% after hours, followin...

3 days ago - Market Watch

Qorvo® Announces Fiscal 2023 Third Quarter Financial Results

GREENSBORO, N.C., Feb. 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 2023...

3 days ago - GlobeNewsWire

Will Revenue Contraction Affect Qorvo's (QRVO) Q3 Earnings?

Qorvo (QRVO) is scheduled to release third-quarter fiscal 2023 earnings on Feb 1. In spite of a strong and diverse portfolio, the uncertain economic climate is expected to dent revenues.

5 days ago - Zacks Investment Research

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

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

2 weeks ago - GlobeNewsWire

Qorvo® Recognized with HONOR's 2022 Golden Supplier Award

Award Cites Excellence in Performance and Collaboration Award Cites Excellence in Performance and Collaboration

2 weeks ago - GlobeNewsWire

Qorvo® Receives 2022 Most Respected Public Semiconductor Company Award from the GSA

GREENSBORO, N.C., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, has received the 2022 award for Most Respected Public Semicond...

1 month ago - GlobeNewsWire

Qorvo (QRVO) Up 17.6% Since Last Earnings Report: Can It Continue?

Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Qorvo (QRVO) Expands MediaTek Tie-Up to Secure Design Wins

The design wins are likely to augment the leading position of Qorvo (QRVO) in the market and accelerate innovation within mobile, networking, automotive and other related sectors.

2 months ago - Zacks Investment Research

Qorvo Teams with MediaTek to Expand Design Wins in Smartphones, Routers and Automotive Platforms

Collaborative designs support 5G, Wi-Fi 6, Wi-Fi 6E and Wi-Fi 7 Collaborative designs support 5G, Wi-Fi 6, Wi-Fi 6E and Wi-Fi 7

2 months ago - GlobeNewsWire

Qorvo (QRVO) Tops Q2 Earning Estimates Despite Lower Revenues

Backed by the strength of the business model and expansion of its regional footprint, Qorvo (QRVO) surpassed second-quarter fiscal 2023 earnings estimates.

3 months ago - Zacks Investment Research

Qorvo (QRVO) Beats Q2 Earnings and Revenue Estimates

Qorvo (QRVO) delivered earnings and revenue surprises of 4.31% and 2.04%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Qorvo® and SK Siltron CSS Announce Long-Term Silicon Carbide (SiC) Supply Agreement

GREENSBORO, N.C. and AUBURN, Mich., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, and SK Siltron CSS, a semiconductor wafer ma...

3 months ago - GlobeNewsWire

Qorvo Announces $2 Billion Share Repurchase Program

GREENSBORO, N.C., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced that its Board of Directors has authorized the ...

3 months ago - GlobeNewsWire

Qorvo® Announces Fiscal 2023 Second Quarter Financial Results

GREENSBORO, N.C., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2023...

3 months ago - GlobeNewsWire

Will Lower Revenues Affect Qorvo's (QRVO) Earnings in Q2?

Qorvo (QRVO) is expected to have recorded year-over-year lower revenues due to the challenging macroeconomic environment.

3 months ago - Zacks Investment Research

7 Semiconductor Stocks to Buy When the Chips Are Down

Stock markets treat semiconductor stocks to buy as a leading indicator of the health of the technology sector. In 2022, the bear market sent iShares Semiconductor ETF (NASDAQ: SOXX) down by 44.93%.

3 months ago - InvestorPlace

With IPhone 14 Demand Lackluster, What To Expect From Apple Supplier Stocks?

Our Theme of Apple Component Supplier Stocks, which includes a diverse set of companies that supply components for Apple's devices, has declined by about 28% year-to-date, underperforming both the S&P...

Other symbols: AAPLTXN
4 months ago - Forbes

Apple tells suppliers to pull back iPhone 14 production, report says

Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss reports that Apple has ditched plans to increase iPhone 14 production.

4 months ago - Yahoo Finance

3 Chip Stocks That Could Be Takeover Targets: Analyst

Knowles, Cirrus Logic and Qorvo could each be an attractive acquisition for the right buyer, says Susquehanna analyst Christopher Rolland.

Other symbols: CRUSKN
5 months ago - Barrons

Qorvo® to Present at the Goldman Sachs 2022 Communacopia + Technology Conference

GREENSBORO, N.C., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled ...

5 months ago - GlobeNewsWire

Qorvo (QRVO) Down 17.1% Since Last Earnings Report: Can It Rebound?

Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research