Qorvo

QRVO

Market cap $7.69B

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

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Qorvo (NASDAQ: QRVO) stock is currently in Phase 16 of its 18-phase Adhishthana cycle on the weekly charts and is navigating what is known as the triad formation. So far, the stock's structure within this window does not look encouraging.

Qorvo (QRVO) is rated a strong buy due to long-term growth, merger synergies, and robust cash flow generation. QRVO's transition includes exiting low-margin markets, cost restructuring, and a merger with Skyworks, targeting FY '27 margins above 50% and EPS near $7. Apple remains QRVO's largest customer, with flat revenue expected next year; iPad gains offset iPhone share loss, while future ASPs may rise.

Qorvo (QRVO) appears undervalued, but persistent mobile business pressures and execution doubts limit near-term enthusiasm. Recent quarterly results beat expectations, with margin improvements reflecting restructuring and mix shifts, yet weak forward guidance highlights ongoing volatility. The proposed Skyworks deal offers credible cost synergies and scale, but does not fully resolve either's exposure to handset market pressures.

QRVO beats Q3 estimates with strong smartphone, Wi-Fi, and automotive ultra-wideband growth, boosting revenues and profits.

Qorvo, Inc. (QRVO) Q3 2026 Earnings Call Transcript