Qorvo is a semiconductor company with exceptional free cash flow conversion of 164% and a strong 3-for-4 earnings beat record, but a critical customer concentration of 50% with Apple Inc., declining revenue of -7%, and a stock trading above its analyst price target combine to eliminate the near-term investment case.
Thesis pillars
- Apple Customer Concentration Risk↓Deteriorating
- Superior Cash Conversion Quality→Stable
- Analyst Target Already Surpassed↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Qorvo, Inc. (QRVO) Stock Analysis
Technology · Semiconductors
Sell if holding. Analyst target reached at $89.50 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (50.0%).
Qorvo makes RF, power management, and connectivity semiconductor products across HPA (defense/infrastructure), CSG (IoT connectivity), and ACG (mobile cellular) segments. Apple alone accounted for 50% of fiscal 2026 revenue through contract manufacturers, with Samsung adding... Read more
Sell if holding. Analyst target reached at $89.50 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (50.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, moderate confidence.
Passes 6/8 gates (positive momentum, no SEC red flags, news boost earnings 0.70, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and clean insider activity. Suitability: aggressive.
Recent developments
updated 2026-07-30Recent Developments — Qorvo, Inc.
Latest news
- NEWS Cwm LLC Sells 17,428 Shares of Qorvo, Inc. $QRVO - MarketBeat — MarketBeat neutral
- NEWS Is It Too Late to Buy Qorvo Inc (QRVO) After 3.7% Rally? GF Value Says Undervalued - GuruFocus — GuruFocus positive
- NEWS Barclays upgrades Qorvo (QRVO) - MSN — MSN positive
- NEWS Barclays upgrades Qorvo (QRVO) - msn.com — msn.com positive
- NEWS QRVO Upgraded by Barclays -- Price Target Raised to $100 - GuruFocus — GuruFocus positive
Generated 2026-07-31T06:43:28Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerApple Inc.50%10-K Item 1: 'Apple Inc. ("Apple")... accounted for 50% and 47% of total revenue in fiscal years 2026 and 2025'
- LOWCustomerSamsung Electronics10%10-K Item 1: 'Samsung Electronics Co., Ltd. ("Samsung") accounted for 10% of total revenue in both fiscal years 2026 and 2025.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Revenue shrinking — -7.0% YoY. Growth thesis broken unless recovery story develops.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $89.50 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (50.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $83.44. Score 5.1/10, moderate confidence.
Take-profit target: $91.88 (-11.8% upside). Prior stop was $83.44. Stop-loss: $83.44.
Concentration risk — Customer: Apple Inc. (50.0%); Analyst target reached - limited upside remaining; Weak growth.
Qorvo, Inc. trades at a P/E of 24.8 (forward 11.8). TrendMatrix value score: 6.5/10. Verdict: Sell.
26 analysts cover QRVO with a consensus score of 2.8/5. Average price target: $91.
What does Qorvo, Inc. do?Qorvo makes RF, power management, and connectivity semiconductor products across HPA (defense/infrastructure), CSG (IoT...
Qorvo makes RF, power management, and connectivity semiconductor products across HPA (defense/infrastructure), CSG (IoT connectivity), and ACG (mobile cellular) segments. Apple alone accounted for 50% of fiscal 2026 revenue through contract manufacturers, with Samsung adding 10%. A merger with Skyworks Solutions, approved by stockholders in February 2026, is pending regulatory clearance with expected close in early calendar year 2027.