Qorvo (NASDAQ:QRVO) Posts Earnings Results, Beats Estimates By $0.53 EPS

28 Jul 2026, 17:26 by Scott Moore · The Cerbat Gem

Qorvo (NASDAQ:QRVO – Get Free Report) announced its earnings results on Tuesday. The semiconductor company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53, FiscalAI reports. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The company had revenue of $784.79 million during the quarter, compared to the consensus estimate of $743.28 million. Qorvo updated its FY 2027 guidance to 7.000-7.000 EPS.

Qorvo Stock Up 2.2%

NASDAQ:QRVO traded up $2.00 during mid-day trading on Tuesday, hitting $91.76. 1,879,373 shares of the company’s stock were exchanged, compared to its average volume of 1,281,775. Qorvo has a one year low of $74.92 and a one year high of $109.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.24 and a quick ratio of 2.46. The business has a fifty day moving average price of $94.58 and a 200 day moving average price of $86.59. The company has a market cap of $8.10 billion, a PE ratio of 25.35, a P/E/G ratio of 1.36 and a beta of 1.44.

Wall Street Analysts Forecast Growth

QRVO has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Qorvo in a research report on Friday. Mizuho reiterated an “underperform” rating and set a $66.00 price target (down from $70.00) on shares of Qorvo in a research report on Monday, April 20th. Craig Hallum reissued a “buy” rating and issued a $120.00 price target on shares of Qorvo in a research note on Wednesday, May 6th. Wall Street Zen cut Qorvo from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays upgraded Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $97.07.

Get Our Latest Stock Report on QRVO

Insider Buying and Selling at Qorvo

In related news, VP Gina Harrison sold 4,714 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $471,400.00. Following the sale, the vice president owned 24,429 shares in the company, valued at $2,442,900. This represents a 16.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter A. Feld sold 1,900,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $101.20, for a total value of $192,280,000.00. Following the transaction, the director directly owned 5,611,526 shares of the company’s stock, valued at approximately $567,886,431.20. This trade represents a 25.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,966,127 shares of company stock worth $198,911,103 over the last three months. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Qorvo

Several hedge funds have recently added to or reduced their stakes in QRVO. AQR Arbitrage LLC purchased a new stake in shares of Qorvo in the fourth quarter worth $118,204,000. Marshall Wace LLP grew its position in Qorvo by 16,066.5% during the 3rd quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after purchasing an additional 809,591 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Qorvo during the 3rd quarter valued at about $66,594,000. Voloridge Investment Management LLC raised its holdings in Qorvo by 2,502.2% in the third quarter. Voloridge Investment Management LLC now owns 553,596 shares of the semiconductor company’s stock worth $50,422,000 after buying an additional 532,322 shares during the last quarter. Finally, TIG Advisors LLC purchased a new position in Qorvo in the fourth quarter worth about $43,248,000. 88.57% of the stock is owned by institutional investors.

About Qorvo

(Get Free Report)

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.