Qorvo (NASDAQ:QRVO) Posts Earnings Results, Beats Expectations By $0.30 EPS

Key Points

• Qorvo reported earnings of $0.53 EPS, which missed analysts' expectations of $0.62 EPS by $0.09.
• The company updated its Q2 2026 guidance to a range of 1.750-2.250 EPS.
• Analysts have rated Qorvo with a consensus average rating of "Hold" and a price target of $91.79, with some recent adjustments indicating a cautious outlook for the stock.

Qorvo (NASDAQ:QRVO - Get Free Report) released its earnings results on Tuesday. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.30, Briefing.com reports. Qorvo had a return on equity of 12.48% and a net margin of 1.50%. The firm had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company's quarterly revenue was down 7.7% on a year-over-year basis. Qorvo updated its Q2 2026 guidance to 1.750-2.250 EPS.

Qorvo Stock Performance

Shares of QRVO stock opened at $84.67 on Wednesday. Qorvo has a 12 month low of $49.46 and a 12 month high of $123.41. The company's fifty day simple moving average is $82.59 and its 200-day simple moving average is $75.85. The firm has a market cap of $7.86 billion, a PE ratio of 145.99, a P/E/G ratio of 2.25 and a beta of 1.39. The company has a quick ratio of 1.95, a current ratio of 2.77 and a debt-to-equity ratio of 0.46.

Insiders Place Their Bets

In other Qorvo news, Director John R. Harding sold 1,450 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $70.09, for a total transaction of $101,630.50. Following the sale, the director directly owned 7,597 shares of the company's stock, valued at $532,473.73. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On Qorvo

A hedge fund recently raised its stake in Qorvo stock. Jones Financial Companies Lllp boosted its stake in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 440.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,134 shares of the semiconductor company's stock after purchasing an additional 6,628 shares during the period. Jones Financial Companies Lllp's holdings in Qorvo were worth $589,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 88.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QRVO shares. Benchmark upgraded shares of Qorvo from a "hold" rating to a "buy" rating and set a $95.00 price target on the stock in a research report on Wednesday, April 30th. TD Cowen cut their target price on shares of Qorvo from $90.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Mizuho set a $84.00 price target on shares of Qorvo and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Susquehanna upped their price objective on shares of Qorvo from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group raised their price objective on Qorvo from $75.00 to $95.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Qorvo has an average rating of "Hold" and an average target price of $91.79.

About Qorvo

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.