Qorvo

QRVO

Market cap $9.11B

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%.

Five mid-cap AI infrastructure stocks, including BILL, PCTY, TDC, VSH and QRVO, offer discounted valuations amid rising AI demand.

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.

GREENSBORO, N.C., May 05, 2026 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2026 fourth quarter ended March 28, 2026.

QRVO heads into Q4 earnings with revenues expected to fall, even as improving orders, innovation and segment growth offer a mixed outlook.