
Qorvo (QRVO) Stock Forecast & Price Target
Qorvo (QRVO) Analyst Ratings
Bulls say
Qorvo's diversification into high-performance analog, connectivity, and sensor markets is anticipated to enhance profit margins beyond those generated from cellular handsets, with September quarter gross margins reported at 49.7%, aligning with the company's guidance of 48%-50%. The firm has set ambitious long-term financial targets, projecting revenue growth in the mid-to-high single digits, and an increase in gross margins to 50%-55% as well as operating profit margins rising to 30%-35%, significantly above prior levels at the time of merger. Additionally, Qorvo's revenue guidance for the September period has been raised to $1.1 billion, exceeding previous estimates, with expected earnings per share also improving to $2.22, reinforcing optimism surrounding the company’s financial trajectory.
Bears say
Qorvo's financial outlook appears negative primarily due to a reported 11% year-over-year contraction in the Advanced Cellular Group (ACG) revenue, driven by a strategic exit from lower-tier Android handsets, which is expected to persist into fiscal 2026. Furthermore, the company's guidance indicates a decline in overall revenue from this segment, moving from previously anticipated growth to expectations of low-single-digit declines, with significant reductions in Android revenue still to be realized. Additionally, the High Power Amplifier (HPA) segment, despite a modest year-over-year increase, is projected to see flat revenues for fiscal 2026, compounding concerns regarding Qorvo's growth prospects in a competitive landscape.
This aggregate rating is based on analysts' research of Qorvo and is not a guaranteed prediction by Public.com or investment advice.
Qorvo (QRVO) Analyst Forecast & Price Prediction
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