Qorvo, Inc. (QRVO)
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]
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 StatementsAnalyst 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.
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.

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.

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

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?

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...

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...

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.

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...

Qorvo® Recognized with HONOR's 2022 Golden Supplier Award
Award Cites Excellence in Performance and Collaboration Award Cites Excellence in Performance and Collaboration

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...

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?

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.

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

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.

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?

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...

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 ...

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...

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.

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%.

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...
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.

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.

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 ...

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?