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.

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.

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 basket, so QRVO sits alongside other stocks that express the same thesis.

Walnut takes the basket 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.

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?, 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?