Qorvo (NASDAQ:QRVO) Releases 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 (EPS) guidance of 1.650-2.050 for the period, compared to the consensus 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 Price Performance

Qorvo stock traded down $1.34 during midday trading on Monday, reaching $93.58. 3,168,359 shares of the stock were exchanged, compared to its average volume of 2,277,241. The company’s fifty day moving average is $91.30 and its 200-day moving average is $84.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. 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. Qorvo has a 52 week low of $49.46 and a 52 week high of $106.30.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler cut shares of Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price objective on the stock. in a research report on Wednesday, October 29th. UBS Group raised their price objective on shares of Qorvo from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Citigroup upgraded shares of Qorvo from a “sell” rating to a “neutral” rating and raised their price objective for the company from $70.00 to $105.00 in a research report on Tuesday, October 28th. Morgan Stanley set a $110.00 price objective on shares of Qorvo and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Barclays raised their price objective on shares of Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Qorvo currently has an average rating of “Hold” and a consensus price target of $100.50.

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction 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 transaction, the senior vice president owned 54,558 shares of the company’s stock, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Qorvo

A number of large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Qorvo by 440.1% during the 1st quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 6,628 shares during the period. EverSource Wealth Advisors LLC lifted its position in Qorvo by 158.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 1,301 shares during the period. First Trust Advisors LP lifted its position in Qorvo by 56.5% during the 2nd quarter. First Trust Advisors LP now owns 142,503 shares of the semiconductor company’s stock valued at $12,100,000 after acquiring an additional 51,475 shares during the period. Marshall Wace LLP purchased a new position in Qorvo during the 2nd quarter valued at about $428,000. Finally, Cerity Partners LLC purchased a new position in Qorvo during the 2nd quarter valued at about $327,000. Institutional investors own 88.57% of the company’s stock.

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.