
Qorvo (QRVO) Stock Forecast & Price Target
Qorvo (QRVO) Analyst Ratings
Bulls say
Qorvo has demonstrated robust growth in its High Performance Analog (HPA) segment, which surged by 11.2% year-over-year and 9.3% quarter-over-quarter, fueled by increased demand across diverse industries such as defense and satellite communications. The company's effective diversification strategy has led to a favorable revenue mix, transitioning from low-margin Android products to higher-margin premium smartphones, contributing to a notable improvement in gross margins, which rose by 260 basis points year-over-year in the latest quarter. Furthermore, Qorvo anticipates double-digit revenue growth for FY27, bolstered by significant expansion in its D&A segment, projected to generate approximately $500 million in sales, reflecting an overall positive outlook on the company's financial performance.
Bears say
Qorvo's stock outlook has turned negative, primarily due to a disappointing revenue forecast for the March quarter, which is expected to fall approximately $100 million short of consensus estimates, alongside a significant reduction in earnings per share projections. The company's anticipated decline in revenue from its low-end mass market Android business has worsened, now projected to reach around $300 million for FY27, contributing to an overall decline of approximately 15% in the Cellular business next year. Additionally, guidance pointing to a mid-single-digit revenue decrease and the challenges associated with inventory corrections for mobile handsets further compound the concern for Qorvo's financial trajectory.
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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