Qorvo (NASDAQ:QRVO) Issues Q3 2026 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its third quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 1.650-2.050 for the period, compared to the consensus EPS estimate of 1.710. The company issued revenue guidance of $935.0 million-$1.0 billion, compared to the consensus revenue estimate of $953.9 million.

Analyst Upgrades and Downgrades

A number of research firms have commented on QRVO. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $92.00 to $105.00 in a research report on Tuesday. Needham & Company LLC lifted their price objective on shares of Qorvo from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Qorvo in a research report on Thursday, July 10th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.80.

Qorvo Stock Performance

Shares of QRVO traded up $1.49 during midday trading on Wednesday, reaching $89.03. 65,782 shares of the stock were exchanged, compared to its average volume of 2,274,354. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The company has a market cap of $8.25 billion, a P/E ratio of 38.61, a PEG ratio of 1.74 and a beta of 1.44. The stock’s 50 day simple moving average is $91.24 and its 200 day simple moving average is $84.62.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, November 4th. The semiconductor company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a return on equity of 13.40% and a net margin of 5.95%.During the same quarter in the prior year, the company earned $1.88 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Qorvo will post 4.09 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the completion of the transaction, the senior vice president owned 54,558 shares of the company’s stock, valued at $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Qorvo by 5.0% in the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares in the last quarter. Bank of America Corp DE raised its stake in Qorvo by 20.2% in the second quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock valued at $128,975,000 after purchasing an additional 255,068 shares in the last quarter. Rafferty Asset Management LLC grew its position in Qorvo by 63.6% in the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after acquiring an additional 472,211 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Qorvo by 24.5% in the second quarter. The Manufacturers Life Insurance Company now owns 620,108 shares of the semiconductor company’s stock valued at $52,653,000 after acquiring an additional 121,986 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Qorvo by 7.5% in the second quarter. Public Sector Pension Investment Board now owns 318,372 shares of the semiconductor company’s stock valued at $27,033,000 after acquiring an additional 22,162 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. 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 automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.