Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters, multiplexers and other components, radio frequency (RF) power management integrated circuits, antenna tuners, antenna-plexers, discrete filters and duplexers, discrete switches, and ultra-wideband (UWB) system solutions. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, discrete power amplifiers (PA), and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip (SoC) hardware, firmware, and application software for smart home applications; automotive RF connectivity products and UWB SoC solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: qorvo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2025 | $95.00 | Hold → Buy | The Benchmark Company |
| 4/30/2025 | $90.00 → $80.00 | Hold | TD Cowen |
| 1/27/2025 | $85.00 → $110.00 | Neutral → Overweight | Piper Sandler |
| 1/21/2025 | $90.00 → $106.00 | Equal-Weight → Overweight | Morgan Stanley |
| 11/12/2024 | $73.00 | Hold | Loop Capital |
| 10/30/2024 | Buy → Hold | The Benchmark Company | |
| 10/30/2024 | $125.00 → $85.00 | Hold | TD Cowen |
| 10/30/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/30/2024 | $80.00 | Outperform → Neutral | Exane BNP Paribas |
| 10/28/2024 | $135.00 | Buy | Needham |
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8-K - Qorvo, Inc. (0001604778) (Filer)
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8-K - Qorvo, Inc. (0001604778) (Filer)
The Benchmark Company upgraded Qorvo from Hold to Buy and set a new price target of $95.00
TD Cowen reiterated coverage of Qorvo with a rating of Hold and set a new price target of $80.00 from $90.00 previously
Piper Sandler upgraded Qorvo from Neutral to Overweight and set a new price target of $110.00 from $85.00 previously
Morgan Stanley upgraded Qorvo from Equal-Weight to Overweight and set a new price target of $106.00 from $90.00 previously
Loop Capital initiated coverage of Qorvo with a rating of Hold and set a new price target of $73.00
The Benchmark Company downgraded Qorvo from Buy to Hold
TD Cowen reiterated coverage of Qorvo with a rating of Hold and set a new price target of $85.00 from $125.00 previously
Raymond James downgraded Qorvo from Outperform to Mkt Perform
Exane BNP Paribas downgraded Qorvo from Outperform to Neutral and set a new price target of $80.00
Needham resumed coverage of Qorvo with a rating of Buy and set a new price target of $135.00
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
4 - Qorvo, Inc. (0001604778) (Issuer)
GREENSBORO, N.C., May 19, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that its Board of Directors (the "Board") has resolved to increase the size of the Board from nine to ten directors and to include Peter Feld as one of the Company's director nominees in its proxy statement for the Company's 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting"). The Board has also resolved to recommend that stockholders vote in favor of all Company director nominees, including Mr. Feld, at the 2025 Annual Meeting. Given the Company's intention to nominate Mr. Feld, Starboard has agreed to rescind its nomination
GREENSBORO, N.C., April 29, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 fourth quarter ended March 29, 2025. On a GAAP basis, revenue for Qorvo's fiscal 2025 fourth quarter was $869.5 million, gross margin was 42.2%, operating income was $28.2 million, and diluted earnings per share was $0.33. On a non-GAAP basis, gross margin was 45.9%, operating income was $151.8 million, and diluted earnings per share was $1.42. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "During the March quarter, Qorvo achieved stronger than seasonal sequential
GREENSBORO, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 fourth quarter financial results on Tuesday, April 29, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2889510. The playback will be available through the close of business on May 6, 2025
Appoints Richard L. Clemmer and Christopher R. Koopmans as Independent Directors David H. Y. Ho to Retire from the Board GREENSBORO, N.C., April 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced the appointment of Messrs. Richard L. Clemmer and Christopher R. Koopmans as new independent members of its Board of Directors, effective immediately. Additionally, the Company announced that David H. Y. Ho, who was not standing for reelection at the Company's 2025 Annual Meeting of Stockholders, will retire from the Board, effective immediately. Today's announcement is the result of an important ref
GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 third quarter ended December 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 third quarter was $916.3 million, gross margin was 42.7%, operating income was $53.0 million, and diluted earnings per share was $0.43. On a non-GAAP basis, gross margin was 46.5%, operating income was $177.9 million, and diluted earnings per share was $1.61. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo is executing on a broad set of strategic initiatives to expand margin
GREENSBORO, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8143934. The playback will be available through the close of business on February 4,
GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing. Qorvo's newest UWB SoC delivers advanced UWB functionality and configurable software that enables automotive designers to tailor unique features that enhance performance and di
GREENSBORO, N.C., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, has received the 2024 award for Most Respected Public Semiconductor Company in its category by the Global Semiconductor Alliance (GSA). This is the second time Qorvo has been honored with this award, having earned it in the same category in 2022. GSA recognizes semiconductor companies that demonstrate excellence through their success, vision, strategy and future opportunities in the industry, an honor celebrated annually at the GSA Awards Dinner. Being selected as a nominee is a significant achievement and winning a GSA Award is an even greater distincti
NEW YORK, Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
GREENSBORO, N.C., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to present at the Barclays 22nd Annual Global Technology Conference on Thursday, December 12, 2024, at 12:50 p.m. Eastern Time (9:50 a.m. Pacific Time). A live webcast of the event will be available on the Company's website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). About QorvoQorvo (NASDAQ:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing
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GREENSBORO, N.C., April 29, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 fourth quarter ended March 29, 2025. On a GAAP basis, revenue for Qorvo's fiscal 2025 fourth quarter was $869.5 million, gross margin was 42.2%, operating income was $28.2 million, and diluted earnings per share was $0.33. On a non-GAAP basis, gross margin was 45.9%, operating income was $151.8 million, and diluted earnings per share was $1.42. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "During the March quarter, Qorvo achieved stronger than seasonal sequential
GREENSBORO, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 fourth quarter financial results on Tuesday, April 29, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2889510. The playback will be available through the close of business on May 6, 2025
GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 third quarter ended December 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 third quarter was $916.3 million, gross margin was 42.7%, operating income was $53.0 million, and diluted earnings per share was $0.43. On a non-GAAP basis, gross margin was 46.5%, operating income was $177.9 million, and diluted earnings per share was $1.61. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo is executing on a broad set of strategic initiatives to expand margin
GREENSBORO, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8143934. The playback will be available through the close of business on February 4,
GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 second quarter ended September 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted earnings per share was $1.88. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "In the September quarter, ACG successfully supported our largest customer's seasonal
GREENSBORO, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 second quarter financial results on Tuesday, October 29, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. The playback will be available through the close of business on November 5
GREENSBORO, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 first quarter ended June 29, 2024. Strategic Highlights Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 millionTransitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo On a GAAP basis, revenue for Qorvo's fiscal 2025 first quarter was $887 million, gross margin was 37.5%, operating income was $4.6 million, and diluted earnings per share was $0.00. On a non-GAAP basis, gross margin was 40.9%, operating income was
GREENSBORO, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 first quarter financial results on Tuesday, July 30, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 1263601. The playback will be available through the close of business on August 6, 2024
GREENSBORO, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2024 fourth quarter ended March 30, 2024. Strategic Highlights Grew quarterly revenue 49% year-over-year and exceeded the mid-point of revenue guidance by $16 millionCompleted acquisition of Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array antennas for Defense, SATCOM, 5G, and other beam forming applications On a GAAP basis, revenue for Qorvo's fiscal 2024 fourth quarter was $941 million, gross margin was 40.6%, operating inco
GREENSBORO, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it will hold an Investor Day on Tuesday, June 11, 2024, in New York City from approximately 8:30 a.m. ET to approximately 11:30 a.m. ET. A live audio webcast and related presentation materials will be available to all interested parties on the Company's investor relations website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcas