Qorvo (NASDAQ:QRVO) Updates Q3 2026 Earnings Guidance

Qorvo (NASDAQ:QRVO) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.650-2.050 for the period, compared to the consensus earnings per share estimate of 1.710. The company issued revenue guidance of $935.0 million-$1.0 billion, compared to the consensus revenue estimate of $953.9 million.

Qorvo Stock Down 1.4%

NASDAQ QRVO traded down $1.34 during trading hours on Monday, reaching $93.58. 3,168,359 shares of the company’s stock traded hands, compared to its average volume of 2,277,241. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The firm has a market cap of $8.67 billion, a PE ratio of 40.51, a PEG ratio of 1.81 and a beta of 1.42. The firm has a 50-day simple moving average of $91.30 and a 200 day simple moving average of $84.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QRVO shares. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. TD Cowen lifted their target price on shares of Qorvo from $80.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. The Goldman Sachs Group started coverage on shares of Qorvo in a report on Thursday, July 10th. They issued a “neutral” rating and a $90.00 target price for the company. Loop Capital lifted their target price on shares of Qorvo from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Needham & Company LLC lifted their target price on shares of Qorvo from $90.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $100.50.

Insider Buying and Selling at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares of the company’s stock, valued at $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QRVO. Osaic Holdings Inc. boosted its position in shares of Qorvo by 31.1% in the second quarter. Osaic Holdings Inc. now owns 10,463 shares of the semiconductor company’s stock worth $888,000 after purchasing an additional 2,481 shares during the period. State of Wyoming bought a new position in shares of Qorvo in the second quarter worth approximately $362,000. Nomura Holdings Inc. bought a new position in shares of Qorvo in the second quarter worth approximately $379,000. Public Sector Pension Investment Board boosted its position in shares of Qorvo by 7.5% in the second quarter. Public Sector Pension Investment Board now owns 318,372 shares of the semiconductor company’s stock worth $27,033,000 after purchasing an additional 22,162 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Qorvo by 69.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,531 shares of the semiconductor company’s stock worth $470,000 after purchasing an additional 2,266 shares during the period. 88.57% of the stock is owned by hedge funds and other institutional investors.

About Qorvo

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.