QRVO
Qorvo, Inc.

Qorvo, Inc.QRVO

Technology · Semiconductors
114.17USD
+5.73%
Nov 08, 2026
QRVO overview ready
Supplier of high-performance RF and compound semiconductor defense components
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.
Theme not measured
RF / Wireless Semiconductors has no leadership state this session.
Price Action not measured
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
Dependence on defense procurement budgets and cycles.
Market Oct 5Filing Jun 27Price action Nov 7Research Jul 29

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction—BusinessPerformance5.0BusinessQuality7.2Valuation5.9ThemeMomentum—Mixed — Revenue fell 4% year over year in the latest quarter. Diluted EPS growth has strengthened to +256% year over year ($0.96), up from -3.0%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
RF / Wireless Semiconductors — RF / Wireless Semiconductors has only one or two priced members — no leadership state
Its economic family, Semiconductors, reads Lagging (−22.2pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Not enough price history for a trend read.

Key Financials

Market Cap
$10.1B
Avg Volume (60D)
1.7M
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
+6.4%
Next Earnings
2026-11-09
P/E
25.2x
EV / Sales
2.8x
Market metrics as of Oct 5, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Business Performance

Mixed

Revenue fell 4% year over year in the latest quarter. Diluted EPS growth has strengthened to +256% year over year ($0.96), up from -3.0%.

Latest reported: Q1 FY2027, ended Jun 27
Revenue growthDeclining
-4.2%
$785M in Q1 FY2027 · YoY
YoY growth, last 4 quarters
  1. +1.1%
  2. +8.4%
  3. -7.0%
  4. -4.2%
Earnings growthAccelerating
+256%
Diluted EPS $0.96 vs $0.27 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +307%
  3. -3.0%
  4. +256%
Operating marginExpanding
12.3%
+8.7 pp YoY · gross margin 51.1% (+10.6 pp)
Earnings are growing without revenue growth

Business Quality

7.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

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
Dependence on defense procurement budgets and cycles.

Economic classification

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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 advanced cellular solutions.

How it earns

The company generates revenue primarily through transactional sales of semiconductor components and related services to customers in various end markets.

Products & services
Radio frequency (RF) components
Analog mixed signal and power management solutions
Compound semiconductor foundry services
Wafer processing and advanced packaging
Phased-array radar and electronic warfare components
Customers & end markets
Defense and aerospace contractors
Wireless and wired communications equipment manufacturers
Power management device customers
Market position

Qorvo is a leader in supplying high-performance RF and compound semiconductor components for defense and communications applications.

Demand drivers
Medium cyclicality

Demand is influenced by defense procurement cycles and commercial wireless market fluctuations.