Qorvo (QRVO) to Release Earnings on Tuesday

Qorvo (NASDAQ:QRVO - Get Free Report) is anticipated to release its Q1 2026 earnings data after the market closes on Tuesday, July 29th. Analysts expect Qorvo to post earnings of $0.62 per share and revenue of $775.61 million for the quarter. Qorvo has set its Q1 2026 guidance at 0.500-0.750 EPS.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.42. Qorvo had a net margin of 1.50% and a return on equity of 12.48%. The company had revenue of $869.47 million during the quarter, compared to the consensus estimate of $850.13 million. During the same quarter last year, the company earned $1.39 earnings per share. Qorvo's revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts expect Qorvo to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Qorvo Stock Down 2.9%

NASDAQ:QRVO traded down $2.56 during trading hours on Thursday, hitting $85.98. The stock had a trading volume of 668,831 shares, compared to its average volume of 2,434,396. The company has a current ratio of 2.77, a quick ratio of 1.95 and a debt-to-equity ratio of 0.46. Qorvo has a 1-year low of $49.46 and a 1-year high of $124.87. The business has a 50 day simple moving average of $82.21 and a two-hundred day simple moving average of $75.55. The company has a market cap of $7.98 billion, a PE ratio of 148.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39.

Insider Transactions at Qorvo

In other Qorvo news, Director John R. Harding sold 1,450 shares of Qorvo stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $70.09, for a total value of $101,630.50. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Qorvo

An institutional investor recently raised its position in Qorvo stock. Jones Financial Companies Lllp raised its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 440.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,134 shares of the semiconductor company's stock after buying 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 SEC filing. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QRVO. TD Cowen reduced their target price on Qorvo from $90.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Benchmark upgraded Qorvo from a "hold" rating to a "buy" rating and set a $95.00 target price for the company in a research note on Wednesday, April 30th. Piper Sandler reiterated an "overweight" rating and set a $110.00 target price on shares of Qorvo in a research note on Friday, June 27th. Susquehanna increased their target price on Qorvo from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Loop Capital reduced their target price on Qorvo from $90.00 to $75.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $91.79.

Qorvo Company Profile

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.