Tearsheet

Qorvo (QRVO)


Market Price (11/6/2025): $88.41 | Market Cap: $8.2 Bil
Sector: Information Technology | Industry: Semiconductors

Qorvo (QRVO)


Market Price (11/6/2025): $88.41
Market Cap: $8.2 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
Weak multi-year price returns
2Y Excs Rtn is -58%, 3Y Excs Rtn is -71%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%
1 Attractive yield
FCF Yield is 6.4%
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
1 Attractive yield
FCF Yield is 6.4%
2 Weak multi-year price returns
2Y Excs Rtn is -58%, 3Y Excs Rtn is -71%
3 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%

Market Valuation & Key Metrics

QRVO Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
QRVO Return43%-6%-42%24%-38%28%-23%
Peers Return17%26%-17%4%26%12%80%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
QRVO Win Rate67%58%25%58%50%60% 
Peers Win Rate53%53%32%38%50%53% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
QRVO Max Drawdown-40%-12%-50%-6%-42%-27% 
Peers Max Drawdown-23%-4%-26%-14%-7%-11% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: TXN, MSI, NOK, ERIC, AMBQ. See QRVO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/5/2025 (YTD)

How Low Can It Go

Unique KeyEventQRVOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-60.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven154.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven71.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven129 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven55.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven302 days120 days

Compare to TXN, MSI, NOK, ERIC, AMBQ


In The Past

Qorvo's stock fell -60.7% during the 2022 Inflation Shock from a high on 4/29/2021. A -60.7% loss requires a 154.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Qorvo (QRVO)

Better Bets than Qorvo (QRVO)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to QRVO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield10312025ZBRAZebra TechnologiesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.1%-1.1%-3.3%
ACN_10312025_Dip_Buyer_ValueBuy10312025ACNAccentureDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-0.9%-0.9%-2.9%
ADBE_10312025_Dip_Buyer_ValueBuy10312025ADBEAdobeDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-1.4%-1.4%-1.5%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper10312025TXNTexas InstrumentsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.3%1.3%-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper10242025MRVLMarvell TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
10.4%10.4%0.0%
QRVO_1312023_Monopoly_xInd_xCD_Getting_Cheaper01312023QRVOQorvoMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.4%-8.2%-21.3%
QRVO_7312022_Monopoly_xInd_xCD_Getting_Cheaper07312022QRVOQorvoMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.2%5.7%-24.7%
QRVO_1312022_Dip_Buyer_FCFYield01312022QRVOQorvoDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-25.1%-20.8%-42.9%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield10312025ZBRAZebra TechnologiesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.1%-1.1%-3.3%
ACN_10312025_Dip_Buyer_ValueBuy10312025ACNAccentureDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-0.9%-0.9%-2.9%
ADBE_10312025_Dip_Buyer_ValueBuy10312025ADBEAdobeDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-1.4%-1.4%-1.5%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper10312025TXNTexas InstrumentsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.3%1.3%-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper10242025MRVLMarvell TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
10.4%10.4%0.0%
QRVO_1312023_Monopoly_xInd_xCD_Getting_Cheaper01312023QRVOQorvoMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.4%-8.2%-21.3%
QRVO_7312022_Monopoly_xInd_xCD_Getting_Cheaper07312022QRVOQorvoMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.2%5.7%-24.7%
QRVO_1312022_Dip_Buyer_FCFYield01312022QRVOQorvoDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-25.1%-20.8%-42.9%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Qorvo

Financials

QRVOTXNMSINOKERICAMBQMedian
NameQorvo Texas In.Motorola.Nokia Telefona.Ambiq Mi. 
Mkt Price89.70163.57394.496.859.7528.4159.05
Mkt Cap8.3148.765.837.032.5-37.0
Rev LTM3,66317,26611,09419,748240,3096914,180
Op Inc LTM3656,0122,78573537,012-381,760
FCF LTM5352,0802,3841,28830,403-211,684
FCF 3Y Avg5371,7322,0471,43225,295-1,732
CFO LTM6806,8972,6121,90433,960-162,258
CFO 3Y Avg6756,5602,2932,02429,927-2,293

Growth & Margins

QRVOTXNMSINOKERICAMBQMedian
NameQorvo Texas In.Motorola.Nokia Telefona.Ambiq Mi. 
Rev Chg LTM-7.2%9.9%6.4%5.9%-2.6%-5.9%
Rev Chg 3Y Avg-3.7%-4.6%9.5%-5.7%-1.9%--3.7%
Rev Chg Q1.1%14.2%5.2%11.6%-9.0%-5.2%
QoQ Delta Rev Chg LTM0.3%3.5%1.3%2.6%-2.3%-1.3%
Op Mgn LTM10.0%34.8%25.1%3.7%15.4%-54.6%12.7%
Op Mgn 3Y Avg5.1%38.0%23.8%7.0%8.0%-8.0%
QoQ Delta Op Mgn LTM0.9%-0.1%0.1%-0.3%4.2%-0.1%
CFO/Rev LTM18.6%39.9%23.5%9.6%14.1%-22.6%16.4%
CFO/Rev 3Y Avg18.5%38.6%21.9%10.7%12.1%-18.5%
FCF/Rev LTM14.6%12.0%21.5%6.5%12.7%-29.7%12.3%
FCF/Rev 3Y Avg14.6%10.2%19.6%7.7%10.3%-10.3%

Valuation

QRVOTXNMSINOKERICAMBQMedian
NameQorvo Texas In.Motorola.Nokia Telefona.Ambiq Mi. 
Mkt Cap8.3148.765.837.032.5-37.0
P/S2.38.65.91.90.1-2.3
P/EBIT25.523.922.023.40.9-23.4
P/E38.229.531.139.81.3-31.1
P/CFO12.221.625.219.41.0-19.4
Total Yield2.6%6.7%4.3%2.5%75.8%-4.3%
Dividend Yield0.0%3.3%1.1%0.0%0.0%-0.0%
FCF Yield 3Y Avg5.8%1.1%3.1%5.7%101.3%-5.7%
D/E0.20.10.10.11.4-0.1
Net D/E0.10.10.1-0.1-0.3-0.1

Returns

QRVOTXNMSINOKERICAMBQMedian
NameQorvo Texas In.Motorola.Nokia Telefona.Ambiq Mi. 
1M Rtn-2.9%-9.2%-13.7%39.1%15.8%-9.0%-6.0%
3M Rtn6.5%-11.2%-10.6%67.2%34.4%-34.2%-2.0%
6M Rtn25.8%0.9%-4.5%37.6%18.8%-18.8%
12M Rtn24.9%-16.6%-13.8%50.2%21.0%-21.0%
3Y Rtn3.3%10.1%60.1%73.1%100.4%-60.1%
1M Excs Rtn-0.9%-8.0%-15.2%34.6%14.4%-12.7%-4.5%
3M Excs Rtn-4.7%-18.4%-18.4%60.4%25.2%-37.6%-11.6%
6M Excs Rtn5.1%-19.8%-25.2%16.9%-1.9%--1.9%
12M Excs Rtn6.2%-36.2%-30.9%30.9%0.7%-0.7%
3Y Excs Rtn-71.3%-64.0%-12.2%-3.6%23.0%--12.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Advanced Cellular Group (ACG)2,7622,3683,234  
High Performance Analog (HPA)573727707  
Connectivity and Sensors Group (CSG)435474704  
Infrastructure and Defense Products   1,158841
Mobile Products   2,8572,398
Total3,7703,5694,6464,0153,239


Operating Income by Segment
$ Mil20252024202320222021
Advanced Cellular Group (ACG)7286281,233  
High Performance Analog (HPA)83199210  
Acquisition and integration-related costs-11    
All other-24-571-326-385-438
Net adjustments related to a terminated capacity reservation agreement-38    
Connectivity and Sensors Group (CSG)-89-72108  
Restructuring-related charges-93    
Stock-based compensation expense-121    
Amortization of acquired intangible assets-122    
Goodwill and intangible asset impairment-221    
Infrastructure and Defense Products   284145
Mobile Products   1,008716
Total921831,226907423


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity2,881,201
Short Interest: % Change Since 9302025-4.3%
Average Daily Volume1,108,727
Days-to-Cover Short Interest2.60
Basic Shares Quantity92,803,000
Short % of Basic Shares3.1%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/20255.7%1.6% 
7/29/20252.2%0.3%8.6%
4/29/202514.4%12.2%22.0%
1/28/20250.3%-4.5%-17.3%
10/29/2024-27.3%-28.5%-31.9%
7/30/20240.3%-13.8%-6.0%
5/1/2024-14.5%-14.2%-12.1%
1/31/20246.0%11.1%19.9%
...
SUMMARY STATS   
# Positive13911
# Negative111513
Median Positive2.2%2.0%10.9%
Median Negative-5.8%-4.8%-10.2%
Max Positive14.4%15.9%23.6%
Max Negative-27.3%-28.5%-31.9%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251103202510-Q 9/27/2025
6302025730202510-Q 6/28/2025
3312025519202510-K 3/29/2025
12312024129202510-Q 12/28/2024
93020241030202410-Q 9/28/2024
6302024731202410-Q 6/29/2024
3312024520202410-K 3/30/2024
12312023201202410-Q 12/30/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 7/1/2023
3312023519202310-K 4/1/2023
12312022202202310-Q 12/31/2022
93020221103202210-Q 10/1/2022
6302022804202210-Q 7/2/2022
3312022520202210-K 4/2/2022
12312021203202210-Q 1/1/2022

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Chesley PhilipSVP, High Performance Analog8192025Sell90.092,664240,0003,026,303Form
1Chesley PhilipSVP, High Performance Analog5192025Sell78.505,371421,6241,670,244Form
2HARDING JOHN R 5082025Sell70.091,450101,630532,474Form
3Chesley PhilipSVP, High Performance Analog12062024Sell70.154,045283,7572,122,809Form
4Chesley PhilipSVP, High Performance Analog11182024Sell65.631,565102,7112,251,503Form