Qorvo

QRVO

Market cap $8.15B

QRVO teams up with SIAE MICROELETTRONICA to develop advanced Ka-band satcom antennas, targeting defense, aerospace and NewSpace markets.

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Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

Qorvo delivered outstanding quarterly results, surpassing expectations with strong revenue, margin, and EPS beats, despite ongoing headwinds in China and strategic business shifts. Our growth is driven by expanding content at our largest customer, robust defense and aerospace demand, and leadership in Wi-Fi and power management solutions. Operational improvements, including facility closures and cost optimization, are set to further boost margins and free cash flow in coming years.

Qorvo's near-term upside from the Apple iPhone launch is largely priced in, limiting immediate catalysts for the stock. However, I see significant long-term potential in Qorvo's defense and aerospace segment, especially with rising US defense spending and new contract opportunities. Financials show solid earnings beats and strong forward guidance, but overall revenue growth remains challenged without new catalysts.

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Qorvo Q1 Revenue Falls 7.7%

QRVO tops Q1 earnings and revenue estimates despite year-over-year sales decline in key business segments.