Qorvo (NASDAQ:QRVO) Updates Q4 2026 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.050-1.350 for the period, compared to the consensus estimate of 1.230. The company issued revenue guidance of $775.0 million-$825.0 million, compared to the consensus revenue estimate of $901.5 million.

Analysts Set New Price Targets

Several brokerages recently weighed in on QRVO. Argus raised Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Citigroup upgraded shares of Qorvo from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $105.00 in a report on Tuesday, October 28th. UBS Group reduced their target price on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Mizuho set a $85.00 price target on shares of Qorvo in a research report on Friday, January 9th. Finally, Morgan Stanley set a $110.00 target price on Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Qorvo currently has a consensus rating of “Hold” and an average price target of $99.73.

Qorvo Stock Up 0.4%

QRVO stock traded up $0.31 during trading hours on Tuesday, hitting $82.81. The company’s stock had a trading volume of 2,104,193 shares, compared to its average volume of 962,928. The stock has a 50 day moving average price of $84.67 and a two-hundred day moving average price of $87.77. Qorvo has a 12 month low of $49.46 and a 12 month high of $106.30. The company has a market capitalization of $7.65 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.24. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $984.10 million. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. Qorvo’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts expect that Qorvo will post 4.09 earnings per share for the current year.

Trending Headlines about Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results beat expectations — Qorvo reported $2.17 EPS and $993M revenue, topping consensus on both earnings and sales and showing +8.4% year‑over‑year revenue growth; that outperformance supported intraday buying. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Positive Sentiment: Profitability metrics improved year-over-year — EPS rose from $1.61 a year ago and the company reported positive net margin and ROE, reinforcing the view that core businesses (connectivity and power solutions) are performing. Qorvo Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Earnings call transcript available — Management commentary and Q&A (transcript) will be important for clarity on end-market demand, product mix and margin drivers; review the transcript for colour on inventory, customer cadence and sustainability of the beat. Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and previews add context — Coverage from Zacks and others breaks down key metrics versus estimates; useful for digging into segment performance and analyst revisions. Qorvo Reports Q3 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Disappointing Q4 guidance on revenue — Qorvo set fiscal Q4 EPS of $1.050–1.350 (covering the consensus) but revenue guidance of $775–$825M is well below the ~$901.5M consensus, signaling near‑term demand softness and pressuring forward estimates.
• Negative Sentiment: Market reaction: after‑hours pullback — Reports note the stock sold off in after‑hours trading after the outlook; that suggests investors are focused more on the weaker guide than the headline beat. Qorvo Stock Tumbles On Q3 Earnings As Outlook Disappoints

Institutional Trading of Qorvo

Several large investors have recently modified their holdings of the company. State Street Corp increased its holdings in Qorvo by 5.0% during the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares in the last quarter. Bank of America Corp DE lifted its position in Qorvo by 20.2% during the 2nd quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock worth $128,975,000 after buying an additional 255,068 shares in the last quarter. Woodline Partners LP lifted its position in Qorvo by 36.3% during the 3rd quarter. Woodline Partners LP now owns 1,217,407 shares of the semiconductor company’s stock worth $110,881,000 after buying an additional 324,466 shares in the last quarter. Rafferty Asset Management LLC increased its position in Qorvo by 63.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after acquiring an additional 472,211 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Qorvo by 16,066.5% in the 3rd quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after acquiring an additional 809,591 shares in the last quarter. 88.57% of the stock is owned by institutional investors.

Qorvo Company Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.