Qorvo (NASDAQ:QRVO) Releases Q3 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.10-1.30 for the period, compared to the consensus estimate of $1.93. The company issued revenue guidance of $875-925 million, compared to the consensus revenue estimate of $1.05 billion. Qorvo also updated its Q3 2025 guidance to 1.100-1.300 EPS.

Analysts Set New Price Targets

Several research firms have recently weighed in on QRVO. JPMorgan Chase & Co. reduced their price target on Qorvo from $115.00 to $95.00 and set an “underweight” rating on the stock in a report on Wednesday. Needham & Company LLC assumed coverage on Qorvo in a report on Monday. They set a “buy” rating and a $135.00 price target on the stock. Susquehanna cut their price objective on Qorvo from $115.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday. Benchmark lowered Qorvo from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Rosenblatt Securities lifted their price objective on Qorvo from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.47.

Qorvo Trading Down 2.4 %

QRVO traded down $1.78 during trading on Thursday, hitting $71.26. The company’s stock had a trading volume of 4,446,641 shares, compared to its average volume of 1,408,847. Qorvo has a twelve month low of $70.39 and a twelve month high of $130.99. The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $104.06 and its 200-day moving average price is $107.74. The firm has a market capitalization of $6.77 billion, a P/E ratio of -99.27, a PEG ratio of 1.20 and a beta of 1.45.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. Qorvo had a positive return on equity of 14.92% and a negative net margin of 0.66%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. Analysts anticipate that Qorvo will post 4.84 EPS for the current year.

Insider Transactions at Qorvo

In other news, VP Gina Harrison sold 689 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $107.67, for a total transaction of $74,184.63. Following the transaction, the vice president now directly owns 21,601 shares of the company’s stock, valued at $2,325,779.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by insiders.

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.