Qorvo (NASDAQ:QRVO) Issues Q3 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.10-1.30 for the period, compared to the consensus EPS 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

A number of analysts have recently commented on QRVO shares. Susquehanna dropped their price objective on Qorvo from $115.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley downgraded Qorvo from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $130.00 to $120.00 in a report on Friday, October 11th. Craig Hallum decreased their target price on Qorvo from $142.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler dropped their price objective on shares of Qorvo from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Benchmark downgraded shares of Qorvo from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Qorvo has an average rating of “Hold” and an average target price of $104.47.

Qorvo Stock Down 27.3 %

Qorvo stock traded down $27.44 during trading hours on Wednesday, hitting $73.04. The company had a trading volume of 10,432,682 shares, compared to its average volume of 1,394,354. Qorvo has a fifty-two week low of $71.31 and a fifty-two week high of $130.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.36. The firm has a market capitalization of $6.94 billion, a P/E ratio of -100.05, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. The firm’s fifty day moving average is $104.86 and its 200-day moving average is $107.98.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $1.99 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts forecast that Qorvo will post 4.84 earnings per share for the current year.

Insider Activity at Qorvo

In other Qorvo news, VP Gina Harrison sold 689 shares of the firm’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 value of $74,184.63. Following the completion of the sale, the vice president now owns 21,601 shares in the company, valued at approximately $2,325,779.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% 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.