Qorvo QRVO
United StatesTechnology · SemiconductorsUSD
91.67 USD (−19.7%)
9 analysts
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Qorvo is a US semiconductor manufacturer specializing in radio frequency (RF) and connectivity solutions for smartphones, telecom infrastructure, defense, and industrial applications.
Key points
from its scores- ✓Very solid balance sheet7.5
- ✓Attractive valuation7.2
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop4.3
AI analysis
bottom line, main risk, context and newsThe forward valuation is reasonable and the balance sheet is solid, but weak revenue and peak earnings warrant caution before building a large position.
Qorvo has a very solid balance sheet (net debt/EBITDA of 0.25x, current ratio of 3.54) and an attractive forward valuation (P/E of 14.22), but earnings growth of 255.6% contrasts with a -4.2% revenue decline, suggesting current profits are at a cyclical peak and not sustainable.
The main risk is the cyclical nature of the semiconductor business: falling revenue (-4.2%) and unsustainable earnings growth (255.6%) indicate that the current operating margin (15.78%) may reverse as the inventory cycle in its end market normalizes.
Context and risks
Qorvo has no recent relevant news. Its RF and connectivity semiconductor business is not materially exposed to interest rates (net debt/EBITDA of 0.25x), oil, or shipping routes. The main risk is concentration in the semiconductor cycle and end-market demand, not the current macro backdrop.
Is Qorvo stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 29% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 26.5 | 31.3 | −15% |
| EV / EBITDA | 11.6 | 20.4 | −43% |
| Price / book | 2.9 | 6.3 | −54% |
| Price / sales | 2.8 | 5.3 | −48% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.2 out of 10 (median for Technology: 5.3).
Average analyst target: 91.67 USD, −19.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.5 (sector 6.9), Growth 6.0 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 26.5
- Forward P/E
- 14.2
- EV / EBITDA
- 11.6
- Price / book
- 2.9
- Price / sales
- 2.8
- PEG
- 1.05
- Market cap
- 10.1B USD
- Enterprise value
- 10.3B USD
Profitability
- ROE
- 11.6%
- ROA
- 6.7%
- ROIC (approx.)
- 11.4%
- Gross margin
- 48.5%
- Operating margin
- 15.8%
- Net margin
- 11.0%
- Free cash flow
- 476.1M USD
- FCF yield
- 4.7%
- Cash conversion
- 54%
Solvency
- Total debt
- 1.5B USD
- Net debt
- 220.2M USD
- Cash
- 1.3B USD
- EBITDA
- 885.5M USD
- Net debt / EBITDA
- 0.25
- Debt / equity
- 44.62
- Current ratio
- 3.54
- Quick ratio
- 2.51
Growth
- Revenue growth
- −4.2%
- Earnings growth
- +255.6%
- EPS (TTM)
- 4.31 USD
- EPS (forward)
- 8.03 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.42
- Analyst consensus
- Hold (9)
- Target price
- 91.67 USD
- 52-week range
- 74.92 – 121.09
Recent news
All QRVO news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Qorvo
Is Qorvo stock cheap or expensive?
On P/E and EV / EBITDA, it trades 29% below the Technology median on average. Valuation score: 7.2 out of 10 (median for Technology: 5.3). Average analyst target: 91.67 USD, −19.7% versus the price. This is not investment advice.
What score does Qorvo get on MeridIAn Screener?
It scores 6.0 out of 10, rank 1,011 of 2,130 (better than 51% of the companies analysed). Its strongest category is Financial health (7.5) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Qorvo's P/E ratio?
Its P/E is 26.5: the share price equals 26.5 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 14.2.
How much is Qorvo worth on the stock market?
Its market capitalisation is 10.1B USD and its enterprise value, debt included, is 10.3B USD.
How much debt does Qorvo have?
Its net debt (debt minus cash) is 220.2M USD. That is 0.25 times its EBITDA; the Technology median is 0.20.
Does Qorvo pay a dividend?
It pays no dividend, or almost none.
How has Qorvo stock performed over the last year?
It has risen 20.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 74.92 and 121.09 USD. Past performance does not guarantee future results.
What do analysts think of Qorvo?
9 analysts cover it; their average recommendation is “Hold” and their average target is 91.67 USD (−19.7% versus the price). It is an estimate, not market data.