
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, indicating strong demand across defense, aerospace, and data center applications. The company's strategic shift towards higher-margin premium smartphone models, coupled with a decrease in its reliance on lower-margin Android products, has resulted in a significant improvement in gross margins, increasing by 260 basis points year-over-year in the most recent quarter. Additionally, Qorvo anticipates double-digit revenue growth for its D&A business in FY27, projecting sales of approximately $500 million, which reflects the rising RF dollar content per system and global defense spending trends.
Bears say
Qorvo is facing significant headwinds as its March quarter revenue forecast falls approximately $100M short of consensus expectations, leading to a sharp decline in share prices. The company is expected to experience a substantial decline of about $300M in its low-end mass market Android business, coupled with stagnant revenue projections from its Cellular division and overall mid-single-digit revenue decline forecast for FY27. Additionally, risks associated with slower inventory corrections in mobile handsets and uncertainty regarding the development of wide-band gap technologies further contribute to a negative outlook for Qorvo's financial performance.
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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