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QRVO

Qorvo, Inc.

QRVO

Qorvo, Inc. • NASDAQ
$85.89 ▲ 0.32% (+0.27)
Market Cap $7.94 B
52w High $106.30
52w Low $49.46
Dividend Yield 0%
P/E 37.18
Volume 304.80K
Outstanding Shares 92.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $1.059B ▲ $339.405M ▲ $119.603M ▲ 11.299% ▲ $1.29 ▲ $240.283M ▲
Q1-2026 $818.778M ▼ $301.716M ▼ $25.594M ▼ 3.126% ▼ $0.28 ▼ $117.932M ▼
Q4-2025 $869.474M ▼ $364.323M ▲ $31.365M ▼ 3.607% ▼ $0.34 ▼ $265.399M ▲
Q3-2025 $916.317M ▼ $338.391M ▼ $41.271M ▲ 4.504% ▲ $0.44 ▲ $141.378M ▲
Q2-2025 $1.047B $435.631M $-17.435M -1.666% $-0.18 $101.178M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.103B ▼ $6.096B ▲ $2.586B ▲ $3.51B ▲
Q1-2026 $1.165B ▲ $5.998B ▲ $2.56B ▲ $3.437B ▲
Q4-2025 $1.021B ▲ $5.933B ▼ $2.541B ▼ $3.392B ▲
Q3-2025 $769.432M ▼ $5.963B ▼ $2.583B ▼ $3.38B ▼
Q2-2025 $1.096B $6.503B $3.093B $3.41B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $119.603M ▲ $83.99M ▼ $-32.679M ▲ $-113.318M ▼ $-62.193M ▼ $42.193M ▼
Q1-2026 $25.594M ▼ $182.945M ▼ $-33.331M ▼ $-6.935M ▲ $144.302M ▼ $145.402M ▼
Q4-2025 $31.365M ▼ $199.183M ▼ $95.639M ▲ $-43.421M ▲ $251.744M ▲ $170.67M ▼
Q3-2025 $41.271M ▲ $214.088M ▲ $-7.074M ▲ $-531.685M ▼ $-327.02M ▼ $176.245M ▲
Q2-2025 $-17.435M $127.846M $-34.825M $-79.731M $14.037M $94.834M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
ACG
ACG
 $640.00M ▲$580.00M ▼$570.00M ▼$780.00M ▲
CSG
CSG
 $110.00M ▲$100.00M ▼$110.00M ▲$110.00M ▲
HPA
HPA
 $170.00M ▲$190.00M ▲$140.00M ▼$170.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively stable over the last few years but is still below the peak seen earlier in the cycle, reflecting a softer demand environment, especially in handsets. Profitability has compressed sharply from earlier years: gross profit is lower and operating income is now only slightly above break-even. Net income has hovered around zero, even dipping into a small loss recently, which points to pricing pressure, underutilized capacity, or strategic spending weighing on margins. Overall, the business is still generating profit on an operating basis, but earnings power today is well below what the company has shown in a stronger cycle.

Balance Sheet

Balance Sheet The balance sheet looks solid but not as strong as a few years ago. Total assets have edged down, and shareholder equity has gradually eroded, consistent with weaker earnings and possibly capital returns. Cash balances remain healthy relative to the size of the company, which provides flexibility to invest and manage through downturns. Debt is meaningful but not extreme, and it has started to trend slightly lower, suggesting a slow de-risking of the capital structure rather than aggressive leverage.

Cash Flow

Cash Flow Qorvo continues to generate positive operating cash flow, though the amount has declined from earlier, stronger years, mirroring the earnings slowdown. Free cash flow remains positive after capital spending, which indicates the core business is still cash-generative even in a weaker environment. Capital expenditures are reasonably contained and fairly steady, implying disciplined investment rather than heavy, transformative build-outs. Taken together, cash flows suggest a business that is weathering a downturn but retaining the ability to fund R&D, modest capex, and debt service from internal resources.

Competitive Edge

Competitive Edge Qorvo holds a strong niche in radio frequency and power technologies, with leadership in advanced filters, GaN devices, and integrated RF front-end modules. Its broad product portfolio, in-house manufacturing, and long-standing relationships with large OEMs create switching costs and make it difficult for smaller players to compete. A sizable patent portfolio and recent legal wins underscore the strength of its intellectual property and help protect its high-end positions. However, the company still operates in intensely competitive markets, going head-to-head with major semiconductor firms and remaining exposed to the health of the smartphone and infrastructure cycles.

Innovation and R&D

Innovation and R&D The company is heavily innovation-driven, with significant focus on next-generation RF, power, and connectivity technologies. It is pushing forward in areas like advanced BAW/SAW filters, GaN-on-SiC, ultra-wideband location chips, multi-standard IoT connectivity, and integrated RF modules, all of which can deepen content per device over time. Qorvo is also investing ahead of the curve in emerging themes such as 5G evolution, early 6G work, connected cars, low-earth-orbit satellites, future Wi-Fi standards, and silicon carbide power solutions. This strategy keeps Qorvo on the leading edge, but it also means ongoing high R&D intensity that can weigh on short-term margins when end markets are soft.

Summary

Qorvo today looks like a technologically strong RF and power semiconductor company navigating a cyclical and competitive rough patch. Revenue has held up reasonably but profits have fallen a long way from prior peaks, compressing margins and nudging earnings toward break-even. Despite this, the balance sheet and cash generation remain sound, giving the company room to keep investing in advanced technologies. Its competitive moat rests on deep RF expertise, strong IP, integrated manufacturing, and close customer ties, particularly in mobile, infrastructure, and defense. The main opportunity lies in converting its rich pipeline in 5G/6G, automotive, IoT, satellite, and power electronics into durable, higher-margin growth, while the key risks center on industry cyclicality, smartphone dependence, and the need to sustain heavy R&D spending in a tough earnings environment.

NEWS

November 3, 2025 · 4:00 PM UTC

Qorvo® Announces Fiscal 2026 Second Quarter Financial Results

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October 29, 2025 · 7:38 PM UTC

Qorvo Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Qorvo, Inc. - QRVO

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October 28, 2025 · 5:30 PM UTC

SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Qorvo, Inc. (NASDAQ: QRVO)

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October 28, 2025 · 11:02 AM UTC

Shareholder Alert: The Ademi Firm investigates whether Qorvo Inc. is obtaining a Fair Price for its Public Shareholders

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October 28, 2025 · 8:17 AM UTC

QRVO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Qorvo, Inc. Is Fair to Shareholders

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