Qorvo, Inc. research snapshot

QRVO AI Stock Analysis

QRVO AI stock analysis as of the August 3, 2026 data cutoff reads Qorvo as a financially improving RF, analog, connectivity, and power semiconductor company whose stock price is now driven mostly by the pending Skyworks merger. QRVO closed at $90.57 on July 31, 2026, implying a market value of about $7.99 billion. On July 28, 2026, Qorvo reported a strong fiscal 2027 first quarter: revenue of $784.8 million beat the $741.39 million consensus, non-GAAP gross margin expanded 880 basis points year over year to 52.8%, and non-GAAP diluted EPS rose 78% to $1.64 against a consensus of $1.06. GAAP revenue still fell 4.2% year over year because Qorvo is deliberately cutting lower-margin mass-market Android exposure in the ACG segment, and GAAP diluted EPS was $0.96. Management now expects fiscal 2027 non-GAAP gross margin above 50% and non-GAAP diluted EPS above $7.00, and the fiscal 2027 consensus sits near $7.68. Qorvo discontinued conference calls and forward guidance after the merger announcement. The stock trades close to the implied Skyworks merger consideration of roughly $92.29 per share, computed as 0.960 Skyworks shares plus $32.50 cash using the $62.28 Skyworks close, and both companies say they are optimistic the deal closes within calendar 2026. This page is informational research, not investment advice.

Current price

$90.57

Market cap

$7.99 billion, verified as $90.57 x 88.22 million shares with a 0.00% deviation from the reported figure

AI score

67 / 100

Rating

Margin recovery and a strong Q1 fiscal 2027 beat, offset by falling revenue, Apple dependence, and a share price that now trades near the Skyworks merger consideration

Trend status

Mixed trend: QRVO is above its 20-day, 100-day, and 200-day moving averages but below its 50-day average, with neutral momentum

Data cutoff (updated monthly)

August 4, 2026

Informational use only. This page is not investment advice.

Research quality check

information Richness
A-level information richness. Qorvo has a long SEC filing history, the audited fiscal 2026 Form 10-K, the fiscal 2027 first quarter Form 10-Q filed July 28, 2026, the Q1 fiscal 2027 earnings release, the Skyworks Q3 fiscal 2026 results and the joint leadership team press release, plus independent market data and 20 analyst estimates. The August 3, 2026 full refresh re-fetched and re-validated the key figures, including the $90.57 close, the $7.99 billion market cap, the $784.8 million Q1 revenue, the 51.1% GAAP gross margin, the $96.8 million GAAP operating income, the $1.329 billion cash balance, and the $1.549 billion debt balance, which matched across StockAnalysis.com, SEC EDGAR, the earnings release, and the Q1 fiscal 2027 Form 10-Q.
bias Check
The main AI bias risk is treating one strong quarter and a margin recovery as a permanent turnaround while underweighting that consolidated revenue is still shrinking, Apple-related contract manufacturers still represent about 50% of revenue, and the share price already trades near the merger consideration, so most of the near-term payoff is tied to Skyworks shares and the deal closing rather than to Qorvo standalone earnings. The reverse check asks whether the deliberate reduction of lower-margin Android revenue, which drove ACG revenue down 16.6% in the quarter, still leaves enough growth to support the non-GAAP EPS trajectory, and whether a delayed or blocked merger would leave QRVO exposed to a re-rating toward the analyst low target of $66.
ai Confidence
High for reported fiscal 2026 and Q1 fiscal 2027 results, segment revenue, customer concentration, balance sheet figures, merger terms, and listed technical indicators, which cross-validated across StockAnalysis.com, SEC EDGAR XBRL, the earnings release, and the Q1 fiscal 2027 Form 10-Q during the refresh. The StockAnalysis.com statistics page reports a $7.99 billion market cap, $4.32 TTM EPS, and $7.36 FCF per share, while the financials page shows $4.31 TTM EPS; this page uses the statistics page figures as primary. Medium for forward value because Qorvo no longer provides guidance, the realized merger value depends on the Skyworks share price at closing, and analyst estimates vary from $6.89 to $8.44 for fiscal 2027 non-GAAP EPS.
investment Certainty
Medium-low. Qorvo has real design wins, specialized RF and power technology, improving margins, and meaningful cash generation, but the investment outcome is dominated by merger timing and the value of Skyworks stock. A standalone long-term thesis must compete with a merger-arbitrage thesis, and customer concentration, declining ACG revenue, tariffs, and regulatory risk can all change the picture.

Quick verdict table

DimensionConclusionConfidence
Business qualityQorvo sells RF, analog mixed-signal, power management, connectivity, and cellular solutions across mobile, defense and aerospace, infrastructure, automotive, industrial, and consumer markets. Q1 fiscal 2027 showed real improvement: non-GAAP gross margin reached 52.8%, the CSG segment turned profitable, and HPA revenue grew 50.2%, but total revenue still fell 4.2% as the company exited lower-margin Android business.Medium-high
MoatThe moat comes from qualified design wins, compound semiconductor process technology, RF and power know-how, application engineering, manufacturing scale, and the cost of redesigning a device after a component is qualified. It is strongest in defense, aerospace, infrastructure, and complex premium mobile, and weaker where customers hold large bargaining power or product cycles are short.Medium
ManagementCEO Bob Bruggeworth and CFO Grant Brown have improved product mix, cut lower-margin Android exposure, expanded gross margin by roughly 880 basis points year over year, and generated cash, while Qorvo repurchased no shares in Q1 fiscal 2027 as the Skyworks transaction took priority. Bruggeworth is expected to join the combined company board after close, and the decisive test is whether the merger delivers the planned per-share value without integration and regulatory surprises.Medium
Financial trendFiscal 2026 revenue fell 1.1% to $3.679 billion, but gross margin rose to 45.9%, net income reached $338.99 million, and operating cash flow reached $808.63 million. In Q1 fiscal 2027, revenue fell another 4.2% while GAAP gross margin jumped to 51.1%, GAAP operating income rose to $96.8 million, and non-GAAP EPS rose 78% to $1.64. The trend is margin-led rather than growth-led.High
ValuationAt $90.57, exact rigor checks show about 20.97x trailing GAAP EPS, 11.74x forward earnings, 2.30x book value, 12.31x free cash flow, and 2.19x sales. The price sits near the implied merger consideration of about $92.29 per share, so the market is largely pricing the deal rather than a standalone re-rating.High
Technical trendPrice is above the 5-day average near $90.47, the 20-day near $86.82, the 100-day near $88.87, and the 200-day near $87.04, but below the 50-day near $94.09. RSI-14 is neutral near 52.40 and ADX-14 near 15.18 signals a weak, non-trending tape after the post-earnings move.Medium-high
Risk levelRisk is high because Apple-related contract manufacturers represented about 50% of fiscal 2026 revenue and Samsung about 10%, ACG revenue is still being deliberately reduced, short interest is about 6.99 million shares or 7.92% of shares outstanding, and the merger still needs regulatory clearance after an FTC Second Request issued February 5, 2026.High
AI confidenceThe factual record is strong for reported numbers, merger terms, balance sheet math, and technical snapshots. Scenario confidence is lower because Qorvo stopped providing forward guidance and the value received at closing depends heavily on the Skyworks share price.Medium
Investment certaintyInvestment certainty is medium-low. Qorvo owns valuable engineering and manufacturing capability, but the near-term payoff is dominated by a merger that both companies hope to close within calendar 2026, and a standalone thesis must survive the risk that the deal is delayed, revised, or blocked.Medium-low

QRVO AI stock forecast

QRVO AI Stock Forecast Scenarios

The QRVO AI stock forecast is a scenario range, not a guaranteed target, and it must be read in the context of the pending Skyworks merger. QRVO closed at $90.57 on July 31, 2026, close to the implied merger consideration of about $92.29 per share, computed as 0.960 Skyworks shares plus $32.50 cash using the $62.28 Skyworks close. A three-year standalone operating sensitivity from financial_rigor.py, using the fiscal 2027 consensus non-GAAP EPS estimate of $7.68 with 10%, 5%, and 0% annual EPS growth and 18x, 14x, and 11x terminal P/E ratios, produced reference values of about $184, $125, and $85. These are operating-company model outputs, not price targets or promises. If the merger closes in calendar 2026 as both companies say they expect, QRVO holders are scheduled to receive 0.960 Skyworks shares plus $32.50 cash, so the realized value will track the Skyworks share price more than the standalone model.

Bullish case

$100 to $120

More likely if the merger closes in calendar 2026 and Skyworks shares hold or rise, since the 0.960 share portion of the consideration floats with SWKS, or if the deal closes and investors re-rate the combined company on synergy confidence. A no-deal bull path would require Qorvo to sustain the margin recovery, grow HPA and infrastructure, narrow CSG losses further, and rebuild ACG around higher-value content so investors assign a standalone multiple to fiscal 2027 non-GAAP EPS above $7.00.

Base case

$85 to $100

More likely if the merger closes near the current implied consideration of about $92 and QRVO tracks the deal value through the regulatory and closing process, with any discount reflecting timing, FTC Second Request progress, and the performance of Skyworks stock between now and the close.

Bearish case

$55 to $75

More likely if the merger is delayed, requires value-diluting remedies, or is blocked, pushing QRVO back toward a standalone semiconductor multiple near the analyst low target of $66, or if ACG weakness, a weak handset cycle, tariffs, export restrictions, or lost design wins undermine the fiscal 2027 non-GAAP EPS trajectory.

QRVO AI technical analysis

QRVO AI Technical Analysis

QRVO AI technical analysis starts from the $90.57 July 31, 2026 close. Barchart and StockAnalysis both place the 5-day average near $90.47, the 20-day near $86.82, the 50-day near $94.09, the 100-day near $88.87, and the 200-day near $87.04. Price sits above the 20-day, 100-day, and 200-day averages but below the 50-day, with 14-day RSI near 52.40 and 14-day ADX near 15.18, so momentum is neutral and the trend is weak. The stock recovered from mid-July lows near $82 to the $89 to $92 range after the July 28 earnings report. Because this static page does not fetch request-time chart data, confirm all levels with a live chart before use.

LevelValueWhy it matters
Current price$90.57StockAnalysis quote at the July 31, 2026 close. The session traded between $88.89 and $91.59 on 1,236,737 shares.
Near support$86.82 to $87.04The 20-day moving average near $86.82 and the 200-day near $87.04 form the nearest support cluster. A sustained break below this area would weaken the post-earnings recovery.
Secondary support$85.24 to $82.51The July 20 low near $85.24 and the mid-July lows between $82.51 and $83.44 mark the recent consolidation range that preceded the earnings-driven bounce.
Deeper supportAbout $74.92StockAnalysis lists the 52-week low near $74.92. This is a broad reference, not a forecast or a guaranteed floor.
First resistanceAbout $94.09The 50-day moving average near $94.09 is the first overhead level. A reclaim would repair the shorter-term chart structure.
Higher resistance$95 to $104 and $109.49The June breakdown zone between roughly $95 and $104, with the 52-week high of $109.49 set on May 27, 2026, are higher resistance references if momentum improves.
Moving averages5-day $90.47, 20-day $86.82, 50-day $94.09, 100-day $88.87, 200-day $87.04Barchart and StockAnalysis snapshots around July 31, 2026. Price is above the 20-day, 100-day, and 200-day averages but below the 50-day.
MomentumRSI-14 about 52.40, ADX-14 about 15.18RSI is neutral and ADX is low, so the chart is consolidating rather than trending strongly in either direction.
VolumeAbout 1.16M average 20-day volumeVolume spiked to about 2.95 million shares on July 29, 2026 after earnings, then settled back near 1.02 to 1.24 million shares on July 30 and 31.
Volatility and invalidationBeta about 1.44; ATR-14 about $3.34Above-market beta, 14-day historical volatility near 32%, and semiconductor cyclicality can produce large moves around earnings and merger news. A sustained close below the $86.82 to $87.04 support cluster would turn the short-term setup negative, and a close below $74.92 would reset the broader risk map.

QRVO AI trading strategy

QRVO AI Trading Strategy Framework

The QRVO AI trading strategy is a rules-based research framework, not personalized advice. It should be paired with live chart checks, merger filings, FTC and regulatory news, earnings dates, position sizing, and a defined loss limit because QRVO can move sharply on transaction and sector news.

Trend-following setup

A trend-following setup would require QRVO to reclaim and hold the $94.09 50-day average with volume, then sustain price above the $95 to $100 zone. Because the stock is largely pricing the merger consideration, confirm any breakout with SWKS price action, regulatory progress, and the fiscal 2027 non-GAAP EPS trajectory rather than price alone.

A failed reclaim near $94.09 or a close back below the $86.82 to $87.04 support cluster weakens the setup. A sustained break below $74.92 is a broader invalidation reference.

Mean-reversion setup

If QRVO holds the $86.82 to $87.04 support cluster, monitor whether the rebound is supported by stable premium-tier handset demand, HPA and infrastructure orders, improving CSG economics, and a clear regulatory path for the Skyworks transaction before acting.

Do not average down solely because price reaches recent support. Reassess if merger timing slips, customer concentration worsens, ACG weakness deepens, or the implied consideration falls below the current deal math.

Fundamental and merger monitor

Track revenue and operating income by HPA, CSG, and ACG; Apple and Samsung concentration; gross margin; operating cash flow; capital expenditure; share count; debt; the FTC Second Request and other regulatory milestones; the exchange offers for the Qorvo notes due 2029 and 2031; and the value of 0.960 SWKS shares plus $32.50 cash at current Skyworks prices.

Reduce confidence if standalone earnings deteriorate, the merger terms change, approvals require costly remedies, the combined company financing or buyback plan changes, or the implied transaction value falls below the independent business value.

Investment research summary

Four-master Research Compression

Business essence

Customers pay Qorvo to solve difficult RF, analog mixed-signal, power, connectivity, and cellular problems inside wireless, wired, defense, aerospace, infrastructure, and industrial systems. Qorvo earns revenue when its components are selected into a design and shipped with the customer product, so design wins, content per device, and qualified supply relationships matter more than a spot-market commodity sale.

Moat

Qorvo’s moat is built from engineering know-how, qualified design wins, compound semiconductor process technology, manufacturing capability, application support, and the cost of redesigning a product after qualification. It is strongest in defense, aerospace, infrastructure, and complex premium devices, and weaker where customers can switch suppliers or products have short cycles.

Munger risk inversion

The failure path starts with concentration and revenue decline. Apple-related contract manufacturers represented about 50% of fiscal 2026 revenue and Samsung about 10%, while ACG revenue fell 16.6% in Q1 fiscal 2027 as the company exited lower-margin Android business. A lost design win, a weaker handset cycle, tariffs, export restrictions, prolonged ACG contraction, or a delayed or blocked Skyworks merger could turn a margin recovery into a value trap at a price already near the deal consideration.

Management

Bob Bruggeworth has served as Qorvo’s president and CEO, with Grant Brown as CFO. The team improved product mix, cut lower-margin Android exposure, expanded non-GAAP gross margin by roughly 880 basis points year over year, and delivered a strong Q1 fiscal 2027 beat, while pausing buybacks ahead of the merger. Bruggeworth is expected to join the combined company board after close, and the capital allocation test is whether the Skyworks transaction creates per-share value after regulatory costs and integration work.

Industry trend

More data-intensive devices, connected infrastructure, defense modernization, DOCSIS 4.0, automotive electronics, and higher RF content support a long-term demand case for Qorvo’s technologies. HPA revenue grew 50.2% in Q1 fiscal 2027 on defense, aerospace, and infrastructure strength, but the mobile market remains cyclical and the deliberate reduction of mass-market Android exposure still weighs on consolidated revenue.

Valuation and margin of safety

At $90.57, Qorvo traded around 20.97x trailing GAAP EPS, 11.74x forward earnings, and 12.31x free cash flow per share in the exact valuation check, with about $1.329 billion of cash against $1.549 billion of debt. The margin of safety is limited because the price already sits near the implied merger consideration of about $92.29 per share, so upside depends on Skyworks shares rising or the deal unlocking value rather than on a low headline multiple alone.

Source-backed data

QRVO Data Table

Every metric below includes a source and last verification date.

MetricValueSourceLast verified
QRVO closing price$90.57 on July 31, 2026, after-hours $90.74StockAnalysis quote snapshotAugust 3, 2026
Market cap and shares$7.99B market cap; 88.22M shares outstanding, verified as $90.57 x 88.22M with 0.00% deviationStockAnalysis statistics and financial_rigor.py market-cap verificationAugust 3, 2026
FY2026 revenue and margin$3.679B revenue, down 1.09%; 45.89% gross marginQorvo fiscal 2026 Form 10-K and StockAnalysis income statementAugust 3, 2026
FY2026 net income, EPS, and cash flow$338.99M net income; $3.62 EPS; $808.63M operating cash flow; $679.56M free cash flowQorvo fiscal 2026 Form 10-K and StockAnalysis cash flow statementAugust 3, 2026
Q1 fiscal 2027 GAAP results$784.8M revenue, down 4.2%; 51.1% gross margin; $96.8M operating income; $85.8M net income; $0.96 diluted EPSQorvo Q1 fiscal 2027 earnings release and Form 10-QJuly 28, 2026
Q1 fiscal 2027 non-GAAP results52.8% gross margin, up 880 bps year over year; $177.6M operating income; $146.6M net income; $1.64 diluted EPS, up 78%, vs $1.06 consensusQorvo Q1 fiscal 2027 earnings releaseJuly 28, 2026
Q1 fiscal 2027 segment revenueHPA $206.3M, up 50.2%; CSG $101.9M, down 7.5%; ACG $476.6M, down 16.6%Qorvo Q1 fiscal 2027 earnings release and Form 10-QJuly 28, 2026
Q1 fiscal 2027 segment operating incomeHPA $70.0M at 33.9% of revenue; CSG $3.0M at 2.9%, turned positive from a $7.5M loss; ACG $108.5M at 22.8%Qorvo Q1 fiscal 2027 earnings release and Form 10-QJuly 28, 2026
Fiscal 2027 guidanceNon-GAAP gross margin above 50%; non-GAAP diluted EPS above $7.00; Q2 fiscal 2027 is a 14-week quarter ending October 3, 2026 in a 53-week yearQorvo Q1 fiscal 2027 earnings releaseJuly 28, 2026
Cash and debt, June 27, 2026$1.329B cash and equivalents; $1.549B total debt, all long-term; about $220M net debt; $3.472B equity; book value per share about $37.60Qorvo Q1 fiscal 2027 Form 10-Q and StockAnalysis balance sheetAugust 3, 2026
Q1 fiscal 2027 cash flowOperating cash flow $139.5M; capital expenditures $24.1M; no shares repurchased in the quarterQorvo Q1 fiscal 2027 Form 10-QAugust 3, 2026
Customer concentrationApple-related contract manufacturers about 50% of FY2026 revenue, up from 47% in FY2025; Samsung about 10% of FY2026 revenueQorvo fiscal 2026 Form 10-KAugust 3, 2026
Skyworks merger consideration0.960 SWKS shares plus $32.50 cash per QRVO share; about $92.29 implied value at the $62.28 SWKS close; QRVO holders about 37% of the combined company pro formaQorvo Q1 fiscal 2027 Form 10-Q and Skyworks Q3 fiscal 2026 earnings releaseAugust 3, 2026
Merger regulatory statusFTC Second Request received February 5, 2026; Qorvo says it is increasingly hopeful the transaction closes within calendar 2026; Skyworks says it is optimistic of a calendar 2026 close and is preparing to close as early as within the fiscal year; termination fee $298.7M, with $100M in certain regulatory-injunction circumstancesQorvo Q1 fiscal 2027 Form 10-Q and Skyworks Q3 fiscal 2026 earnings releaseAugust 3, 2026
Combined company leadership and planPhil Brace of Skyworks to be CEO of the combined company; Philip Carter to be CFO; Bob Bruggeworth expected to join the board; Skyworks plans about $2B of acquisition debt financing, a new $2B buyback program, and no quarterly dividends going forwardSkyworks and Qorvo leadership team press release and Skyworks Q3 fiscal 2026 earnings releaseJuly 28, 2026
Merger-related costsApproximately $14.9M of merger-related costs in Q1 fiscal 2027, primarily legal and professional feesQorvo Q1 fiscal 2027 Form 10-QAugust 3, 2026
Skyworks reference dataSWKS closed at $62.28 on July 31, 2026; Q3 fiscal 2026 revenue $935M, GAAP EPS $0.22, non-GAAP EPS $1.08; September quarter guidance $1.01B to $1.06B revenue with non-GAAP EPS near $1.27 at mid-pointStockAnalysis quote and Skyworks Q3 fiscal 2026 earnings releaseAugust 3, 2026
Valuation snapshot20.97x trailing PE; 11.74x forward PE; 2.30x PB; 2.19x PS; 12.31x P/FCF; 0.80 PEG; 11.35 EV/EBITDA; 0.00% dividend yieldfinancial_rigor.py valuation verification using StockAnalysis inputsAugust 3, 2026
TTM financial snapshotRevenue $3.645B; net income $399.20M; EPS $4.32; operating cash flow $765.18M; free cash flow $649.51M; FCF per share $7.36StockAnalysis statistics and cash flow statementAugust 3, 2026
Analyst consensusHold rating from 20 analysts; average price target $90.77, low $66, median $95, high $105; rating mix 2 Strong Buy, 1 Buy, 16 Hold, 1 Strong SellStockAnalysis forecast pageJuly 29, 2026
Recent analyst target updatesTD Cowen raised to $95 from $80 on July 29; UBS raised to $96 from $91 on July 29; Citi lowered to $95 from $100 on July 29; Susquehanna held at $80StockAnalysis forecast page and news feedJuly 29, 2026
Fiscal 2027 and 2028 consensus estimatesFiscal 2027 revenue estimate $3.50B, down 4.79%, with non-GAAP EPS $7.68, range $6.89 to $8.44; fiscal 2028 revenue estimate $3.66B with non-GAAP EPS $7.97StockAnalysis forecast financial forecastJuly 29, 2026
Technical snapshot5-day SMA $90.47; 20-day SMA $86.82; 50-day SMA $94.09; 100-day SMA $88.87; 200-day SMA $87.04; RSI-14 52.40; ADX-14 15.18; ATR-14 $3.34Barchart and StockAnalysis technical snapshotsAugust 3, 2026
52-week range and performance52-week range $74.92 to $109.49; up 4.71% over the trailing 52 weeks; beta 1.44StockAnalysis quote and statisticsAugust 3, 2026
Short interest6.99M shares short, 7.92% of shares outstanding, 8.52% of float, 5.38 days to coverStockAnalysis statistics short sellingAugust 3, 2026
Three-scenario modelStandalone bull $184.00, base $124.50, bear $84.50 reference values over three years using $7.68 EPS with 10%, 5%, and 0% growth and 18x, 14x, and 11x P/E; merger consideration separately about $92.29financial_rigor.py exact scenario calculation using StockAnalysis inputsAugust 3, 2026

Frequently Asked Questions

This QRVO AI stock analysis is an informational research tool, not investment advice, a recommendation, or a promise of returns. Forecast ranges are scenario outputs based on available data and assumptions that can be wrong. Verify current prices, filings, merger terms, technical levels, tax rules, and personal suitability before making any financial decision.