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Qorvo, Inc.

Rank #225Capital ReturnWatchlistCompare with other stocks

QRVO · Nasdaq · Technology

Qorvo, Inc. (QRVO) — Rank #225 by gross profitability (GP/assets 0.29) · ROE 10.1% · Piotroski F-Score 8 / 9.

As-of 2026-10-30 · 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. As of October 5, 2026, Qorvo, Inc. operates as a subsidiary of Skyworks Solutions, Inc.

Industry
Semiconductors
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
April 3
Website
qorvo.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

5,200

Industry

Semiconductors

Exchange

Nasdaq

11/12

Flags passed

QRVO fails 1 critical flag

Passes 11 of 12 quality flags

  • FAIL
    Revenue declining YoY

    Revenue contracted year over year

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.29
Return on equity
10.1%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.74
Current ratio
3.24×
Net cash
-$313.86M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
3.7%

Growth

1/2 pass
Revenue growth
-1.1%
Piotroski F-Score
8 / 9
Share dilution
-2.0%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

Warning: Revenue declining YoY · GP/assets 40th percentile of 21 SIC 3674 peers

Gross profitability (GP / assets)

0.29

Primary signal (Novy-Marx).

40th pctl of 21 SIC 3674 peers

Return on equity

10.1%

Gross margin

45.9%

20th pctl of 21 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.

PASS

Operating Leverage

2023202420252026
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%

Cash Flow Health

Is the cash real?

No warning flags · FCF 100% above net income

Free cash flow

$679.56M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

100.5%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

3.7%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $313.86M, F-Score 8/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.74

37th pctl of 20 SIC 3674 peers (best = lowest)

Current ratio

3.24×

55th pctl of 21 SIC 3674 peers

Quick ratio

2.25×

Net cash

-$313.86M

Cash & equivalents minus total debt.

Piotroski F-Score

8 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend(net buybacks)
-2.0%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
3.3%4/5 Strong

Lifecycle Phase History

20212026
Hypergrowth
Capital Return
Decline
Startup

Price History

QRVO-35.7% · -8.4% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports