Qorvo (NASDAQ:QRVO) Releases Q4 2026 Earnings Guidance

Qorvo (NASDAQ:QRVO) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.050-1.350 for the period, compared to the consensus earnings per share 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 research firms have recently commented on QRVO. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and increased their price target for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Piper Sandler reaffirmed a “neutral” rating on shares of Qorvo in a report on Wednesday. KeyCorp reissued a “sector weight” rating on shares of Qorvo in a research note on Wednesday. TD Cowen dropped their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Argus upgraded Qorvo to a “hold” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.56.

Qorvo Stock Down 6.8%

NASDAQ:QRVO opened at $77.18 on Thursday. 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 has a 12-month low of $49.46 and a 12-month high of $106.30. The stock’s fifty day simple moving average is $84.58 and its 200-day simple moving average is $87.69. The firm has a market capitalization of $7.13 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.55 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.83% and a net margin of 9.11%.The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts expect that Qorvo will post 4.09 earnings per share for the current year.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results beat consensus — Qorvo reported $2.17 EPS and $993M revenue (beats), supported by smartphone, Wi‑Fi and automotive UWB growth; this underpins near‑term profitability. Qorvo Q3 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Management emphasized a profit‑focused strategy on the earnings call (cost discipline, margin focus) which supports near‑term cash flow and reduced execution risk. Qorvo Earnings Call: Profits Rise as Revenue Resets
• Neutral Sentiment: Qorvo issued supplemental disclosures linked to the pending Skyworks acquisition and related litigation — potential legal/transaction timing uncertainty, but not an immediate operating surprise. Qorvo Issues Supplemental Disclosures Amid Merger Litigation
• Neutral Sentiment: Full earnings call transcript and company press release are available for deeper read of channel trends and management comments. Qorvo Q3 2026 Earnings Call Transcript
• Negative Sentiment: Guidance missed Street expectations — Q4 EPS guide $1.05–1.35 vs. consensus ~1.23 and revenue guide $775–825M vs. consensus ~$901M; that shortfall drove most of the sell‑off and analyst concern. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Negative Sentiment: Multiple firms cut price targets and shifted to neutral/hold commentary after the guidance (Citigroup, Piper Sandler, Mizuho, TD Cowen, Stifel, etc.), reducing near‑term analyst support. Qorvo: Improving Profitability Offset by Weak Long-Term Revenue Outlook Supports Hold Rating
• Negative Sentiment: Short interest rose significantly (≈50% month‑over‑month to ~3.37M shares), increasing downside pressure and volatility risk if sentiment stays weak.
• Negative Sentiment: Street commentary flagged Android channel weakness as a near‑term headwind despite a “strong” quarter, reinforcing concerns about revenue sustainability. Qorvo falls despite ‘strong’ Q3 as Android weakens outlook, say analysts

Institutional Trading of Qorvo

A number of large investors have recently made changes to their positions in the company. Danske Bank A S acquired a new position in Qorvo in the third quarter valued at about $109,000. Advisory Services Network LLC acquired a new position in shares of Qorvo in the 3rd quarter valued at approximately $36,000. Jacobs Levy Equity Management Inc. increased its stake in Qorvo by 911.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 301,040 shares of the semiconductor company’s stock worth $27,419,000 after purchasing an additional 271,282 shares in the last quarter. Oberweis Asset Management Inc. raised its holdings in Qorvo by 30.3% during the 3rd quarter. Oberweis Asset Management Inc. now owns 260,900 shares of the semiconductor company’s stock worth $23,763,000 after buying an additional 60,600 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Qorvo during the 3rd quarter worth approximately $1,435,000. Institutional investors own 88.57% of the company’s stock.

About Qorvo

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.