QRVO
Qorvo, Inc.

Qorvo, Inc.QRVO

Technology · Semiconductors
118.44USD
+1.05%
Sep 23, 2026
QRVO overview ready
Key Supplier of RF and Compound-Semiconductor Components for Defense Electronics
Qorvo is a direct defense-electronics component supplier: its High Performance Analog business provides RF, GaN/GaAs, mixed-signal, foundry, and advanced-assembly products used in phased-array radar, electronic warfare, and defense communications systems.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense Electronics and Sensing — component supplier.
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Cyclical demand fluctuations in semiconductor markets.
Market Sep 22Filing Jun 27Price action Sep 22Research Jul 29

Conviction Level

NarrativeHeat8.3ThemeHeat7.6PriceAction8.6Valuation6.4CompanyPosition7.3
Price
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Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$10.4B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
-1.1%
FY2026 vs FY2025
Gross Margin
+48.2%
Trailing twelve months
Operating Margin
+13.1%
Trailing twelve months
Free Cash Flow Yield
+6.2%
Distance from 200DMA
+32.4%
Next Earnings
2026-11-09
P/E
26.2x
EV / Sales
2.9x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
Qorvo, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Qorvo is a direct defense-electronics component supplier: its High Performance Analog business provides RF, GaN/GaAs, mixed-signal, foundry, and advanced-assembly products used in phased-array radar, electronic warfare, and defense communications systems.
Opportunity
High opportunity
Rising U.S. Allied procurement for radar, electronic warfare, secure communications, satellite links, and distributed unmanned platforms that require high-performance RF, compound-semiconductor, and advanced microwave electronics.
Key risk
Cyclical demand fluctuations in semiconductor markets.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Defense Electronics and Sensing, with strong fit.
Qorvo has a genuine, direct but component-level exposure to the active defense-rearmament demand system.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up7.6 / 10

Business & Markets

Technology · Semiconductors
What they do

Qorvo, Inc. develops and commercializes semiconductor technologies and products for wireless, wired, and power markets globally, operating through three segments focused on analog, connectivity, and cellular solutions.

How it earns

The company generates revenue primarily through transactional sales of semiconductor components and related services.

Products & services
Radio frequency solutions
Analog mixed signal products
Power management solutions
Compound semiconductor foundry services
Wafer processing
Advanced packaging and heterogeneous integration
Customers & end markets
Defense and aerospace
Wireless communications
Consumer electronics
Industrial and automotive sectors
Market position

Qorvo is a leader in high-performance analog and RF semiconductor solutions with a diversified product portfolio serving multiple end markets.

Demand drivers
Medium cyclicality

Semiconductor demand is influenced by technology cycles and end-market spending patterns, including wireless device upgrades and defense budgets.

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