Qorvo (NASDAQ:QRVO) Posts Earnings Results, Beats Expectations By $0.42 EPS

Qorvo (NASDAQ:QRVO - Get Free Report) posted its earnings results on Tuesday. The semiconductor company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.00 by $0.42, Briefing.com reports. The firm had revenue of $869.47 million during the quarter, compared to analysts' expectations of $850.13 million. Qorvo had a net margin of 0.71% and a return on equity of 12.41%. Qorvo's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. Qorvo updated its Q1 2026 guidance to 0.500-0.750 EPS.

Qorvo Stock Performance

Shares of QRVO traded up $2.20 during trading hours on Friday, reaching $72.01. 505,511 shares of the company traded hands, compared to its average volume of 2,170,345. Qorvo has a 1-year low of $49.46 and a 1-year high of $130.99. The stock has a market cap of $6.73 billion, a P/E ratio of 256.51, a price-to-earnings-growth ratio of 15.57 and a beta of 1.43. The stock's fifty day moving average is $66.52 and its 200 day moving average is $73.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Qorvo from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $90.00 to $106.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their target price on shares of Qorvo from $99.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Barclays upped their price target on shares of Qorvo from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Needham & Company LLC cut their target price on Qorvo from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus set a $75.00 target price on Qorvo in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Qorvo presently has an average rating of "Hold" and a consensus price target of $91.21.

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.