Qorvo (QRVO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
QRVO's organic growth in defense, aerospace, infrastructure and connectivity is helping diversify revenue beyond smartphones and support long-term gains.
From a technical perspective, Qorvo, Inc. (QRVO) is looking like an interesting pick, as it just reached a key level of support. QRVO's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Qorvo (QRVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are up 11% at midday Friday, with Skyworks Solutions (NASDAQ:SWKS) higher by 9% and Qorvo (NASDAQ:QRVO) tacking on 7%.
Qorvo is executing a recovery, with gross margins already at the FY2028 target of 47% and net debt set to vanish within a year. QRVO trades at a 2-turn EV/EBITDA discount to Qualcomm despite comparable or superior margin performance, offering a compelling re-rating opportunity. The base case price target is $120 (+43%), with bull and bear scenarios at $175 (+109%) and $54 (−35%), respectively, driven by DCF and peer multiples.
QRVO beats Q4 estimates despite weak smartphone demand, as stronger margins, cost control and product mix lift profitability.
The headline numbers for Qorvo (QRVO) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Qorvo (QRVO) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.42 per share a year ago.
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Skyworks Solutions ( NASDAQ:SWKS ) and Qorvo ( NASDAQ:QRVO ) just reported earnings as direct RF chip competitors, but here is the twist: they announced a merger that would create a roughly $22 billion combined RF and analog semiconductor company, expected to close in early 2027.