Qorvo, Inc. (QRVO) Stock Price & How to Invest

Qorvo designs and manufactures radio-frequency (RF) chips, filters, power amplifiers, and front-end modules used in smartphones, defense and aerospace systems, Wi-Fi and connectivity devices, and power management. It reports through three segments: Advanced Cellular Group (ACG), which serves handset makers including Apple and Android OEMs; High Performance Analog (HPA), which covers defense, infrastructure, and base-station markets; and the Connectivity and Sensors Group (CSG). Handset RF content is the largest and most cyclical piece, while defense and infrastructure have been relative bright spots.

The central fact for investors is corporate: on October 27, 2025, Qorvo and Skyworks Solutions agreed to combine, with Skyworks acquiring Qorvo in a cash-and-stock merger. Because the exchange ratio and cash component are fixed, QRVO shares now trade largely on the probability and timing of the deal closing rather than on standalone earnings power. The companies received an FTC second request in February 2026 and expect to complete the transaction early in calendar 2027, so antitrust review is the dominant swing factor alongside the underlying RF cycle.

The largest risk is the merger itself: antitrust review triggered an FTC second request in February 2026, and the deal could be delayed, renegotiated, or blocked, which would collapse the arbitrage spread and re-expose QRVO to standalone fundamentals. Those fundamentals are cyclical and customer-concentrated, with heavy dependence on Apple and a small set of smartphone OEMs whose order patterns can swing revenue sharply. RF front-end is intensely competitive against larger and vertically integrated rivals, pressuring pricing and content share. Handset unit weakness, inventory corrections, and tariff or China-exposure shifts add further volatility. If the transaction falls through, the termination-fee mechanics and a reset expectations base could weigh on the shares.

12 analysts publish price targets on QRVO, averaging $90.17 against a $96.40 price as of September 2026, or -6.5%. The published targets run from $66.00 to $105.00, a moderate spread, and the ratings split 2 buy, 16 hold, 1 sell. Over the last six months there have been 5 raises and 3 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full QRVO forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Qorvo, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Pending Skyworks merger. Each Qorvo share is set to convert into 0.960 Skyworks shares plus $32.50 in cash, leaving former Qorvo holders roughly 37% of the combined company. The most optimistic published target, $105.00, assumes this works close to its best case.

The case against. The largest risk is the merger itself: antitrust review triggered an FTC second request in February 2026, and the deal could be delayed, renegotiated, or blocked, which would collapse the arbitrage spread and re-expose QRVO to standalone fundamentals. The most pessimistic target, $66.00, is roughly what QRVO is worth if this bites instead.

Read the full bull and bear case on QRVO, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Qorvo, Inc.'s investor relations page or your broker.

• Revenue (FY2026): ~$3.7B
• Q4 FY2026 revenue: ~$808M
• Net income (FY2026): ~$339M
• Diluted EPS (FY2026): ~$3.62
• Market cap: ~$8.3B
• Forward P/E: ~14x

Qorvo's fiscal year ends in late March, and fiscal 2026 revenue came in around $3.7 billion, down about 1% year over year, with net income near $339 million. Reported valuation multiples such as a trailing P/E in the mid-20s and a lower forward P/E partly reflect market expectations around the pending Skyworks deal rather than a clean standalone read. EV/EBITDA sat near 10 to 11 times on roughly $674 million of fiscal 2026 EBITDA.

Other names that sit close to QRVO: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get QRVO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so QRVO sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where QRVO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

QRVO is a profitable but cyclical RF chipmaker whose value is now tethered to the pending Skyworks acquisition and its regulatory path.

Whether QRVO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is QRVO a buy or a sell?, and where the stock could go from here in the QRVO stock forecast.

For income investors, whether QRVO pays a dividend and how the payout looks is covered in does QRVO pay a dividend? And to weigh QRVO against a peer, read the full side-by-side comparisons: QRVO vs RF and QRVO vs SWKS.