Qorvo (NASDAQ:QRVO) Issues FY 2027 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 7.000-7.000 for the period, compared to the consensus EPS estimate of 6.530. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Craig Hallum cut their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Zacks Research downgraded Qorvo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Wolfe Research lowered Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Piper Sandler restated a “neutral” rating on shares of Qorvo in a report on Wednesday, January 28th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $66.00 price objective (down from $70.00) on shares of Qorvo in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.94.

Qorvo Trading Up 4.1%

NASDAQ QRVO opened at $96.35 on Wednesday. Qorvo has a one year low of $69.03 and a one year high of $106.30. The company has a 50-day simple moving average of $81.03 and a 200-day simple moving average of $83.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The firm has a market capitalization of $8.93 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $808.30 million during the quarter, compared to the consensus estimate of $801.31 million. During the same period in the prior year, the business earned $1.42 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities analysts forecast that Qorvo will post 5.29 earnings per share for the current year.

Qorvo News Roundup

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 beat: Qorvo reported non?GAAP EPS of $1.69 vs. consensus ~$1.21 and revenue of $808.3M vs. ~$801M — an earnings surprise of ~40% and a modest revenue beat. This drove near?term bullish trading. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Raised FY?2027 guidance: Management set FY?2027 EPS at $7.00 (midpoint = $7.00), above the Street consensus (~$6.53), which supports a re?rating of the stock if execution continues. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP vs. non?GAAP mix: GAAP EPS was $0.32 while non?GAAP metrics (gross margin 52.6%, operating income $190.2M) look stronger — investors should watch whether the non?GAAP performance is sustainable. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: Recent momentum and valuation scrutiny: QRVO has shown a short?term rally, prompting analysts and investors to recheck valuation vs. the stock’s longer?term performance. That momentum can amplify moves but raises expectations. Qorvo (QRVO) Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue decline and inventory: Revenue was down ~7% year?over?year and the company flagged higher inventories — a potential short?term drag on margins and a warning sign for demand trends. Qorvo (NASDAQ:QRVO) Q1: Beats On Revenue But Inventory Levels Increase
• Negative Sentiment: Top?line contraction vs. EPS beat: The EPS beat was largely driven by margin/non?GAAP adjustments and cost control rather than top?line growth, leaving the stock exposed if revenue trends don’t stabilize. Compared to Estimates, Qorvo (QRVO) Q4 Earnings: A Look at Key Metrics

Institutional Investors Weigh In On Qorvo

A number of institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A acquired a new stake in shares of Qorvo in the 3rd quarter valued at $257,000. Marex Group plc bought a new position in Qorvo during the fourth quarter valued at about $251,000. Captrust Financial Advisors bought a new position in Qorvo during the second quarter valued at about $230,000. Intesa Sanpaolo S.p.A. acquired a new stake in shares of Qorvo in the fourth quarter worth about $214,000. Finally, Eisler Capital Management Ltd. acquired a new stake in shares of Qorvo in the third quarter worth about $207,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

About Qorvo

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.