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Qorvo Inc (QRVO)

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Upturn Advisory Summary
01/09/2026: QRVO (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $100.94
1 Year Target Price $100.94
| 4 | Strong Buy |
| 3 | Buy |
| 16 | Hold |
| 2 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -8.77% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.68B USD | Price to earnings Ratio 35.88 | 1Y Target Price 100.94 |
Price to earnings Ratio 35.88 | 1Y Target Price 100.94 | ||
Volume (30-day avg) 26 | Beta 1.36 | 52 Weeks Range 49.46 - 106.30 | Updated Date 01/9/2026 |
52 Weeks Range 49.46 - 106.30 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.95% | Operating Margin (TTM) 17.71% |
Management Effectiveness
Return on Assets (TTM) 4.37% | Return on Equity (TTM) 6.3% |
Valuation
Trailing PE 35.88 | Forward PE 11.86 | Enterprise Value 8103756812 | Price to Sales(TTM) 2.1 |
Enterprise Value 8103756812 | Price to Sales(TTM) 2.1 | ||
Enterprise Value to Revenue 2.21 | Enterprise Value to EBITDA 13.38 | Shares Outstanding 92396921 | Shares Floating 84003585 |
Shares Outstanding 92396921 | Shares Floating 84003585 | ||
Percent Insiders 1.14 | Percent Institutions 96.44 |
Upturn AI SWOT
Qorvo Inc

Company Overview
History and Background
Qorvo, Inc. (QRVO) was formed through the merger of RF Micro Devices (RFMD) and TriQuint Semiconductor in 2015. RFMD was founded in 1991, and TriQuint was founded in 1984. The merger created a leading provider of highly integrated solutions for mobile devices and other emerging applications. Qorvo's evolution has been driven by its focus on advanced radio frequency (RF) technologies, essential for wireless communication.
Core Business Areas
- Mobile Products: This segment is Qorvo's largest, focusing on RF solutions for smartphones, tablets, and other mobile devices. Products include power amplifiers, duplexers, filters, switches, and integrated modules that enable advanced wireless connectivity like 5G, Wi-Fi, and Bluetooth.
- Infrastructure and Defense Products: This segment serves the broader market beyond mobile, including base stations for cellular networks, IoT devices, automotive radar, and defense applications. It provides components for broadband, aerospace, and government systems.
Leadership and Structure
Qorvo's leadership team is comprised of experienced executives overseeing various business units and corporate functions. The organizational structure is typically aligned around its core business segments, with dedicated teams for research and development, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- Description: Integrated modules containing power amplifiers, filters, and switches that are critical for signal transmission and reception in mobile devices. Qorvo is a major player in this market, competing with companies like Skyworks Solutions and Broadcom. The market for FEMs is a significant portion of Qorvo's revenue.
- Market Share Data: Qorvo holds a substantial share of the mobile RF front-end market, estimated to be over 30% in recent years, though this can fluctuate based on product cycles and customer wins.
- Product Name 1: RF Front-End Modules (FEMs)
- Description: High-performance filters used to isolate specific frequency bands, crucial for advanced wireless communication in smartphones. Competitors include Broadcom and Murata. BAW filters are a key technology for enabling carrier aggregation and 5G.
- Market Share Data: Qorvo is a leading supplier of BAW filters, with a significant market share in this specialized segment.
- Product Name 2: Bulk Acoustic Wave (BAW) Filters
- Description: Gallium Nitride (GaN) based power amplifiers offer higher efficiency and power density, important for base stations and defense applications. Competitors include Wolfspeed (now Cree) and Sumitomo Electric. Demand for GaN is growing in 5G infrastructure and high-power radar.
- Market Share Data: Qorvo is a growing force in the GaN market, particularly for mobile infrastructure and defense.
- Product Name 3: GaN Power Amplifiers
Market Dynamics
Industry Overview
Qorvo operates in the highly competitive and rapidly evolving semiconductor industry, specifically within the radio frequency (RF) solutions segment. This industry is characterized by constant innovation, driven by the demand for faster, more efficient, and more connected devices. Key trends include the rollout of 5G, the proliferation of IoT devices, advancements in Wi-Fi standards, and increasing complexity in mobile device architectures.
Positioning
Qorvo is positioned as a leading provider of integrated RF solutions, offering a comprehensive portfolio of components essential for wireless communication. Its competitive advantages include its strong customer relationships with major mobile device manufacturers, its deep expertise in RF design and integration, and its diverse product offerings across mobile and infrastructure markets. The company's ability to deliver complex, highly integrated solutions is a key differentiator.
Total Addressable Market (TAM)
The total addressable market for RF components, including mobile, infrastructure, and defense, is in the tens of billions of dollars and is expected to grow with the expansion of 5G, IoT, and other connected technologies. Qorvo is well-positioned to capture a significant portion of this TAM, particularly in high-growth areas like advanced mobile RF and 5G infrastructure.
Upturn SWOT Analysis
Strengths
- Strong customer relationships with major smartphone manufacturers.
- Comprehensive portfolio of RF solutions, including integrated modules.
- Deep expertise in RF design, fabrication, and packaging.
- Leadership position in key technologies like BAW filters and GaN.
- Diversified revenue streams across mobile and infrastructure markets.
Weaknesses
- High dependence on a few major customers, particularly in the mobile segment.
- Cyclical nature of the semiconductor industry and mobile device sales.
- Intense competition from established players and new entrants.
- Sensitivity to supply chain disruptions and component shortages.
Opportunities
- Continued growth of 5G deployments globally.
- Expansion of IoT devices requiring advanced wireless connectivity.
- Increased adoption of Wi-Fi 6/6E/7 in various applications.
- Growth in automotive radar and other connected vehicle technologies.
- Development of new RF technologies for emerging applications.
Threats
- Intensifying competition leading to pricing pressures.
- Rapid technological obsolescence.
- Geopolitical risks and trade tensions affecting supply chains and market access.
- Economic downturns impacting consumer spending on electronics.
- Potential for disruptive technologies that could displace current solutions.
Competitors and Market Share
Key Competitors
- Skyworks Solutions (SWKS)
- Broadcom Inc. (AVGO)
- Qualcomm Incorporated (QCOM)
- Analog Devices, Inc. (ADI)
- Infineon Technologies AG (IFNNY)
Competitive Landscape
Qorvo's competitive advantages lie in its integrated solutions approach, strong R&D capabilities, and established relationships with key customers. However, it faces stiff competition from larger, more diversified semiconductor companies like Broadcom and Qualcomm, as well as specialized RF players like Skyworks. Its ability to innovate and maintain its technological edge is crucial for sustained success.
Growth Trajectory and Initiatives
Historical Growth: Qorvo has experienced substantial growth since its formation, driven by the increasing demand for wireless connectivity in mobile devices and the expansion of mobile network infrastructure. Growth has been closely tied to major smartphone product cycles and the evolution of wireless standards like 4G and 5G.
Future Projections: Analyst projections for Qorvo's future growth are generally positive, driven by the ongoing 5G upgrade cycle, the increasing content of RF components in smartphones, and the expansion into new markets like IoT and automotive. Projected revenue growth rates typically range in the mid-to-high single digits, with potential for stronger growth during key technology transitions.
Recent Initiatives: Qorvo has been actively investing in R&D to develop next-generation RF solutions, including advanced packaging technologies and new materials. Strategic partnerships and potential acquisitions are also key initiatives to expand its technology portfolio and market reach.
Summary
Qorvo Inc is a strong player in the essential RF solutions market, particularly for mobile devices and 5G infrastructure. Its integrated product offerings and deep technical expertise are key strengths. However, the company's dependence on a few major customers and the cyclical nature of the semiconductor industry present notable risks. Continued innovation in 5G and emerging technologies, along with careful management of customer concentration, will be crucial for its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Qorvo Inc. Investor Relations
- Annual and Quarterly SEC Filings
- Industry Analyst Reports
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share figures are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Qorvo Inc
Exchange NASDAQ | Headquaters Greensboro, NC, United States | ||
IPO Launch date 1997-06-03 | President, CEO & Director Mr. Robert A. Bruggeworth | ||
Sector Technology | Industry Semiconductors | Full time employees 6200 | Website https://www.qorvo.com |
Full time employees 6200 | Website https://www.qorvo.com | ||
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. 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 defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

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