Qorvo Inc
QRVO
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+ FollowMarket Cap$10.07B
Close$
Earnings Call Q3 2023
February 1, 2023 - AI Summary
Qorvo's fiscal third quarter revenue and EPS were above the midpoint of their outlook, driven by growth in defense, broadband, and power segments.
The company experienced weakness in end market demand and channel inventory consumption for Wi-Fi products in the Connectivity & Sensors Group (CSG) segment.
In the Advanced Cellular Group (ACG), Qorvo faced lower smartphone unit volumes and channel inventory digestion within the Android ecosystem.
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$83.80
26.6% downside
Current Fair Value
26.6% downsideOvervalued by 26.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $10.07 Billion |
|---|---|
| Enterprise Value | $10.29 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $3.66 |
| Beta | 1.46 |
| Outstanding Shares | 88,035,000 |
Return
| Return on Equity | 11.50% |
|---|---|
| Return on Assets | 6.72% |
| Return on Invested Capital | 9.78% |
Valuation & Multiples
| P/E Ratio | 26.25 |
|---|---|
| PEG | 11.16 |
| Price to Sales | 2.78 |
| Price to Book Ratio | 2.93 |
| Enterprise Value to Revenue | 2.82 |
| Enterprise Value to EBIT | 20.05 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.15 |
| Debt to Equity | 0.45 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 4, 2026
EPS Estimate
$1.10
Average shareholder expectationRevenue Estimate
$743.93 M
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$2.03
Average shareholder expectationRevenue Estimate
$917.27 M
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0679▼ 36.57% |
|---|---|
| Total Calls | 2,203,100▲ 349.70% |
| Total Puts | 149,500▼ 29.61% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 98.23%▲ 6.87% |
|---|---|
| Total Invested | $8.04B▲ 22.80% |
| Investors Holding | 552▲ 4.00% |
ESG Score
No data
About Qorvo Inc
7,900 employees
CEO: Robert Bruggeworth Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASD...