QRVO official logo QRVO
QRVO 1-star rating from Upturn Advisory
Qorvo Inc (QRVO) company logo

Qorvo Inc (QRVO)

Qorvo Inc (QRVO) 1-star rating from Upturn Advisory
$81.78
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Upturn Advisory Summary

01/09/2026: QRVO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

4 star rating from financial analysts

26 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $100.94

1 Year Target Price $100.94

Analysts Price Target For last 52 week
$100.94 Target price
52w Low $49.46
Current$81.78
52w High $106.3

Analysis of Past Performance

Type Stock
Historic Profit -8.77%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 01/09/2026

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

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Qorvo Inc

Qorvo Inc(QRVO) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo 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.

Company business area logo 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 logo 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

Product Key Offerings logo 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 logo 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 competitor logo 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.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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
Full time employees 6200

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.