Qorvo, Inc. (QRVO) Stock

Qorvo, Inc. (QRVO) is a Technology stock trading at $96.29 (as of 2026-08-20), with a market capitalization of $8.47B and a trailing P/E of 25.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Qorvo, Inc. develops and sells components and systems for wireless, wired, and power markets. Through Mobile Products and Infrastructure and Defense Products, it provides RF and power management solutions for mobile devices and cellular base stations, along with MEMS sensors, tuners, and SiC and smart home power/SoC software offerings for customers worldwide.

Understand Qorvo, Inc.: how it makes money

Qorvo develops and commercializes technologies and products for wireless, wired, and power markets, selling semiconductor solutions used in mobile devices and in infrastructure and defense systems, which generate revenue when these components are shipped to customers.

Qorvo’s profit model depends on converting customer technology needs into shipments, so inventory absorption and pipeline-to-revenue progress (inventory levels, qualified opportunities, and defense funnel) are key structural signals of how quickly demand shows up in sales.

Revenue by segment (latest quarter)
Mobile Products	$0.7B
Infra & Defense	$0.3B

Business quality (Mixed): Clear reportable segment structure (Mobile Products, Infrastructure and Defense Products) and practical operating indicators (inventory and opportunity funnel), but results can be sensitive to demand timing and customer concentration (53% largest customer).

Valuation: At 26× earnings, QRVO trades 49% below the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

Mobile Products sales are present: Mobile Products Group Revenue is 0.73B, indicating the company is actively selling components for mobile device markets.
UWB commercialization pipeline is measurable: Ultra-Wideband Qualified Opportunities are 2.0B, providing a trackable measure of near-term commercialization progress for UWB solutions.
Defense demand visibility is tracked: Defense Sales Funnel is 7.0B, showing the company monitors a pipeline of defense-related opportunities.

Bear case

Inventory levels may reflect slower sell-through: Ending Net Inventory Balance is 0.71B and Days Worth of Inventory is 118, which can be a sign that products are taking longer to convert into shipments.
Mobile end-market pressure is indicated: Android Revenue Decline (ACG, Year over Year) is 18%, and the Approximate Reduction in Android Channel Component Inventories is 20%, which can point to demand and channel digestion pressure.
Customer concentration raises sensitivity: Largest Customer Concentration is 53%, and Second-Largest Customer Concentration is 12%, increasing risk if a major customer’s program timing shifts.

Valuation — source: SEC EDGAR (first-party)
Price	$96.29
Market Cap	$8.47B
P/E Ratio	25.0
EV / EBITDA	15.6
Price / Book	2.53
Price / Sales	2.30
FCF Yield	8.0%
DCF Value (model)	$35.39
DCF Upside vs Price	-63.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.68B
Net Margin	9.2%
Revenue Growth (YoY)	-1.1%
EPS Growth (YoY)	520.3%
FCF Growth (YoY)	40.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.25 (safe)
Piotroski F-Score	8/9 (strong)

Valuation vs Sector & Industry
Stock P/E	25.0
Sector P/E (Technology)	33.9
Industry P/E (Electronic Equipment)	39.4
vs Sector	-26.3%
vs Industry	-36.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($904.26M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Technology
Industry	Electronic Equipment
CEO	Robert A. Bruggeworth
Employees	6,200
Country	US
IPO Date	2015-01-02

Related Companies (Business model: Fabless Semiconductors; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.