Stocks · Technology · Semiconductors
Qorvo, Inc. QRVO
$114.17 +1.75% Close, Oct 2, 2026 · NASDAQ · Market cap $10.07B
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $4.31, up 407.1% year over year.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +28.2%).
- Operating margin widened to 13.1% from 3.3% a year earlier.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 17%
- EPS growth (TTM, YoY)Top 5%
- FCF growth (TTM, YoY)Bottom 39%
- Revenue growth, 3-year CAGRBottom 33%
- Revenue growth accelerationTop 46%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 35%
- Gross marginBottom 46%
- Operating marginTop 29%
- Cash conversion (OCF / net income)Top 42%
- Accruals (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Top 49%
- Interest coverTop 38%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 25%
- Free-cash-flow yieldTop 26%
- EBITDA / enterprise valueTop 21%
- Sales / enterprise valueTop 39%
- P/E vs own 5-year history (lower is better)Bottom 42%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 45%
- 6-month returnTop 33%
- 1-year return vs S&P 500Top 38%
- Distance from 52-week highTop 13%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 21%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyBottom 7%
- Upside to consensus price targetBottom 5%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 21%
- Maximum drawdown, 3 yearsTop 49%
- Beta vs S&P 500 (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Top 49%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.1% | -0.2% | ↑ |
| EPS growth (YoY) | 519.5% | 407.1% | ↓ |
| Gross margin | 42.0% | 48.2% | ↑ |
| Operating margin | 3.3% | 13.1% | ↑ |
| FCF margin | 16.1% | 17.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -0.2% | -1.1% | ↑ | Bottom 17% |
| EPS growth (TTM, YoY) | 407.1% | 519.5% | ↓ | Top 5% |
| Gross margin | 48.2% | 42.0% | ↑ | Bottom 46% |
| Operating margin | 13.1% | 3.3% | ↑ | Top 29% |
| Net margin | 11.0% | 2.2% | ↑ | — |
| Free-cash-flow margin | 17.8% | 16.1% | ↑ | — |
| Return on invested capital | 7.8% | — | Top 35% | |
| Revenue growth, 3-year CAGR | 1.0% | — | Bottom 33% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.92×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +15.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.28×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 6.8×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 4.45%
- Shareholder yield
- 4.45%
- Share count change, 1 year
- -4.7%
- Share count change, 3-year CAGR
- -3.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 27, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +28.2%
- Average 2-day reaction, last 8
- +0.3%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $94.00
- Target vs current price
- -17.7%
- Analysts with a rating
- 42
- Share rating Buy or Strong Buy
- 29%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +47.7% | +2.2% | -0.3% | +6.3% | — |
| May 5, 2026 | +39.7% | +4.1% | +1.0% | +11.0% | -1.9% |
| Jan 27, 2026 | +16.0% | +0.4% | -3.2% | +0.8% | +3.0% |
| Nov 3, 2025 | +9.4% | -1.4% | -9.5% | -9.7% | -17.7% |
| Jul 29, 2025 | +48.4% | +0.4% | +1.0% | +9.3% | +10.9% |
| Apr 29, 2025 | +40.6% | -1.8% | +10.8% | +20.6% | +35.1% |
| Jan 28, 2025 | +33.1% | -2.1% | -6.8% | -14.3% | -31.6% |
| Oct 29, 2024 | +1.6% | +0.2% | -28.8% | -30.5% | -12.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.64 | $1.11 | +47.7% | $784.8M |
| May 5, 2026 | $1.69 | $1.21 | +39.7% | $808.3M |
| Jan 27, 2026 | $2.17 | $1.87 | +16.0% | $993.0M |
| Nov 3, 2025 | $2.22 | $2.03 | +9.4% | $1.06B |
| Jul 29, 2025 | $0.92 | $0.62 | +48.4% | $818.8M |
| Apr 29, 2025 | $1.42 | $1.01 | +40.6% | $869.5M |
| Jan 28, 2025 | $1.61 | $1.21 | +33.1% | $916.3M |
| Oct 29, 2024 | $1.88 | $1.85 | +1.6% | $1.05B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 26.5× | 24.3× | 67th | Top 25% |
| P/E (forward) | 14.9× | — | — | — |
| EV / EBITDA | 13.2× | — | — | Top 21% |
| EV / Sales | 2.82× | — | — | Top 39% |
| Free-cash-flow yield | 6.45% | — | — | Top 26% |
| Earnings yield | 3.78% | — | — | Top 25% |
P/E over the past five years
Range 11.7× – 304.6× since Jul 3, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +26.2%
- Earnings per share growth (TTM)
- +407.1%
- Change in P/E multiple
- -79.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 43
- Days above the 200-day average
- 49
- 50-day average slope (20 days)
- +11.5%
- 200-day average slope (20 days)
- +3.2%
- Distance from 50-day average
- +11.2%
- Distance from 200-day average
- +26.1%
- RSI (14)
- 55.9
- Relative volume
- 4.54×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 42.0%
- Volatility vs own 5-year history
- 58th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.48
- Correlation with S&P 500
- 0.50
- Current drawdown from 1-year high
- -4.5%
- Maximum drawdown, 3 years
- -60.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 29, 2021 | Apr 8, 2025 | -74.5% | 990 days | Not yet recovered |
| Jan 20, 2021 | Mar 8, 2021 | -12.4% | 32 days | 18 days (Apr 1, 2021) |
| Dec 8, 2020 | Dec 11, 2020 | -10.2% | 3 days | 16 days (Jan 6, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $10.07B
- P/E (TTM)
- 26.5
- EPS, diluted (TTM)
- $4.31
- Revenue (TTM)
- $3.64B
- 52-week range
- $74.92 – $121.09
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $4.65B | $3.57B | $3.77B | $3.72B | $3.68B |
| Gross profit | $2.29B | $1.30B | $1.49B | $1.54B | $1.69B |
| Operating income | $1.23B | $183.2M | $91.7M | $95.5M | $411.4M |
| Net income | $1.03B | $103.2M | -$70.3M | $55.6M | $339.0M |
| EPS (diluted) | $9.26 | $1.00 | -$0.72 | $0.58 | $3.62 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $916.3M | $869.5M | $818.8M | $1.06B | $993.0M | $808.3M | $784.8M |
| Net income | -$17.4M | $41.3M | $31.4M | $25.6M | $119.6M | $164.1M | $29.7M | $85.8M |
| EPS (diluted) | -$0.18 | $0.43 | $0.33 | $0.27 | $1.28 | $1.75 | $0.32 | $0.96 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.05B | $843.2M | $833.2M | $622.2M | $808.6M |
| Capital expenditure | -$213.5M | -$159.0M | -$127.2M | -$137.6M | -$129.1M |
| Free cash flow | $835.8M | $684.3M | $706.0M | $484.6M | $679.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$1.11B | -$829.2M | -$363.1M | -$320.6M | -$497.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.33B
- Total assets
- $5.94B
- Total liabilities
- $2.47B
- Total debt
- $1.55B
- Net debt
- $220.2M
- Shareholders’ equity
- $3.47B
As of Jun 27, 2026 (filed Jul 28, 2026).
Short interest
- Shares sold short
- 5,094,562
- Days to cover
- 3.47
- Change vs previous report
- +3.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 2, 2015
- 1-for-4