
Qorvo (QRVO) Stock Forecast & Price Target
Qorvo (QRVO) Analyst Ratings
Bulls say
Qorvo's High Performance Analog (HPA) segment has demonstrated robust growth, with revenues increasing by 11.2% year-over-year and 9.3% quarter-over-quarter, fueled by demand in defense, aerospace, and data center applications. The company's diversification strategy is effectively shifting its revenue mix from low-margin Android products to higher-margin premium smartphone models, resulting in a significant improvement in gross margins, which rose by 260 basis points year-over-year. Furthermore, projections for fiscal year 2027 indicate double-digit revenue growth and a substantial expansion in the company's Digital & Analog (D&A) segment, anticipated to reach approximately $500 million, bolstering the overall positive outlook for Qorvo's financial performance.
Bears say
Qorvo's shares experienced a significant decline of over 10% after reporting a disappointing outlook, with the March quarter revenue forecast falling approximately $100 million short of consensus estimates and EPS guidance lagging by $0.17. The company anticipates a steep decline in its Cellular business, projecting a $300 million reduction in revenue from low-end Android products along with a stagnant outlook for Apple, leading to an overall expected revenue decline of about 15%. Moreover, management's guidance for FY27 reflects concerns over slower inventory corrections and the uncertain development of wide-band gap technologies, which could further weaken growth projections.
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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