Qorvo, Inc.
Rank #233Capital ReturnQRVO · Nasdaq · Technology
Qorvo, Inc. (QRVO) — Rank #233 by gross profitability (GP/assets 0.29) · ROE 10.1% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001604778 · all metrics point-in-time as of the filing date.
About
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe.
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It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency, analog mixed signal, and power management solutions for defense and aerospace markets, as well as offers compound semiconductor foundry services, wafer processing, advanced packaging and heterogeneous integration solutions. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, and cellular solutions. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. 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.
- Industry
- Semiconductors
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- April 3
- Website
- qorvo.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$10.23B
P/E (annual)
32.0
P/S (annual)
2.8
P/B
3.1
P/OCF (annual)
12.7
Shareholder Yield
2.0%
Employees
5,200
Industry
Semiconductors
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
4.6%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -2.0% — per-share value needs a total required return of 2.6% once share-count change is priced in.
vs. own 6-year median revenue growth: 2.3%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
0.5%
r = 10% (base)
4.6%
r = 12%
8.2%
Net debt / market cap: 2.9%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.29
Primary signal (Novy-Marx).
12th of 17 SIC 3674 peers
Return on equity
10.1%
Gross margin
45.9%
14th of 17 SIC 3674 peers
Revenue growth (YoY)
-1.1%
RPO growth (YoY)
-10.4%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
1.0%
Revenue CAGR (5Y)
-1.7%
Earnings CAGR (3Y)
48.7%
FCF CAGR (3Y)
-0.2%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.74
12th of 16 SIC 3674 peers (best = lowest)
Current ratio
3.24×
9th of 17 SIC 3674 peers
Quick ratio
2.25×
Net cash
-$313.86M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$679.56M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.00
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
3.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).