Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones.
It is a $10.1B technology company. Revenue shrank 0.2% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~0.6 years of free cash flow. It trades at 25.2× earnings — around the middle of its own history.
- Website
- qorvo.com
- Location
- Greensboro, NC
- Employees
- 5 200
- Sector
- Technology
- Founded
- 1985
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health and quality; Growth and Moat lag behind.
Valuation57
- P/E vs own history66th pct · 5/25
- FCF yield6.4% · 20/25
- P/S2.8x · 20/25
- EV/EBITDA18.5x · 12/25
Growth25
- Revenue CAGR-5.7% · 0/25
- Net income CAGR-24.3% · 0/25
- EPS CAGR ~5Y-10.5% · 0/25
- Fwd implied growth65.7% · 25/25
Profitability56
- ROIC10.6% · 12/25
- ROE11.4% · 12/25
- Net margin11.0% · 20/25
- Operating margin13.1% · 12/25
Health95
- Altman Z3.05 · 25/25
- Current ratio3.54 · 25/25
- Interest coverage14.2x · 25/25
- Net cash / debtD/A 7% · 20/25
Quality92
- Piotroski F7/9 · 22/25
- Beneish M-2.91 · 25/25
- FCF conversion163% · 25/25
- Margin stabilityσ 7.7% · 20/25
Moat43
- ROIC >12% years2/11 yrs · 0/25
- Median gross margin40.2% · 13/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst -1.9% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2024AcquisitionQorvo announced the acquisition of Anokiwave, a company that specializes in high-performance RFIC design
- FY2022FinancialBest year on record$1.03B net income
- 2021AcquisitionQorvo announced the acquisition of Mountain View, California–based NextInput, a pioneer in the emerging…
- 2020AcquisitionQorvo acquired the Irish fabless semiconductor company Decawave in a deal that was estimated to be worth…
- 2019AcquisitionQorvo acquired Active-Semi International, a company with experience in power efficiency and power management
- FY2019FinancialTurned profitable$133M net income after a loss year
- 2016AcquisitionGreenPeak Technologies was acquired, adding ultra-low power, short-range wireless connected home and IoT to…
- FY2016FinancialRevenue already above $1B$2.61B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
- 2015AcquisitionQorvo was formed in 2015 through the merger of RF Micro Devices and TriQuint Semiconductor
- 2015MilestoneThe new company became a component of the S&P 500
- 1985FoundedTriQuint Semiconductor was founded in 1985 and developed semiconductor technologies used in communications, defense,…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (48.5%)
- Strong cash conversion — FCF is 17.8% of revenue
- Could repay net debt from ~0.3 years of free cash flow
- Interest covered 14.2× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Revenue shrinking 0.2% year over year
- Loss-making in 3 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.2% YoY
- Profitable — makes more than it spends$399M TTM
- Profit growing — earnings are higher than last year+53.5% YoY
- Generates cash — cash left after running and investing$650M TTM
- Debt under control — could handle its obligations~0.6y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$10.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-19.4% shares over ~5y
- Proven track record — years of profitability behind it7/11 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.0 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 25.2
Peer comparisonQorvo, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| QRVO this company | $10.1B | 25.2 | -0.2% | 11.0% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: QRVO vs NVDA · QRVO vs AAPL · QRVO vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/QRVO
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of QRVO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $114.17 · market cap $10.1B.