Qorvo stock trades at EUR 102.99 as earnings beat estimates

Published on 09/30/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qorvo stock has reported EPS of USD 1.64 for July 28, 2026, versus USD 1.11 expected. Revenue reached USD 784.79 million, but fell 4.20 percent year over year.

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Qorvo Inc. (ISIN US74736K1016) was trading at EUR 102.99 at Lang & Schwarz on September 30, 2026, at 10:33 a.m. CEST, up 0.04 percent versus the prior close of EUR 102.95. The latest quarterly figures provide the central reference point for the stock, with earnings above consensus but revenue still under pressure year over year.

EPS beats by USD 0.53

According to MarketBeat on September 29, 2026, Qorvo reported EPS of USD 1.64 for the quarter reported on July 28, 2026, exceeding the USD 1.11 consensus by USD 0.53. Revenue reached USD 784.79 million against USD 743.28 million expected, while revenue declined 4.20 percent from the comparable period.

The earnings gap is the stronger part of the report. Revenue was USD 41.51 million above consensus, but the year-over-year decline shows that the improvement in profitability did not come from broad top-line expansion.

Hold consensus trails the stock

MarketBeat reported on September 29, 2026, that 14 of 18 brokerages rated Qorvo Hold, while three issued Buy ratings and one issued a Sell rating. The average 12-month price target was USD 94.00, making the consensus more cautious than the latest Nasdaq quotation of USD 116.75 on September 29, 2026.

The individual revisions point in different directions. UBS raised its target from USD 91.00 to USD 96.00 and assigned a Buy rating on July 29, 2026, while Citigroup cut its target from USD 100.00 to USD 95.00 and set a Neutral rating, according to MarketBeat.

Qorvo remains near its yearly high

Qorvo had a market capitalization of USD 10.3 billion as of September 29, 2026. Its 52-week range was USD 74.92 to USD 121.09, placing the latest USD 116.75 Nasdaq quote USD 4.34 below the yearly high and keeping the company close to the upper end of its trading band.

Qorvo stock holds near EUR 103

At Lang & Schwarz, Qorvo stock was trading at EUR 102.99 on September 30, 2026, at 10:33 a.m. CEST. The price was up 0.04 percent versus the Lang & Schwarz prior close of EUR 102.95 on September 29, 2026.