QRVO - Qorvo, Inc.
Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are up 11% at midday Friday, with Skyworks Solutions (NASDAQ:SWKS) higher by 9% and Qorvo (NASDAQ:QRVO) tacking on 7%.
IRVINE, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS) (“Skyworks”), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today announced that, in connection with its anticipated acquisition of Qorvo, Inc. (“Qorvo”), Skyworks has commenced offers to holders of Qorvo Notes (as defined below) to exchange (the “Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029 (the “2029 Qorvo Notes”) and any and all outstanding 3.375% Senior Notes due 2031 issued by Qorvo (the “2031 Qorvo Notes” and, together with the 2029 Qorvo Notes, the “Qorvo Notes”), for, (1) with respect to the 2029 Qorvo Notes, up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes due 2029 (the “New 2029 Skyworks Notes”) issued by Skyworks or, (2) with respect to the 2031 Qorvo Notes, up to $700,000,000 aggregate principal amount of new 3.375% Senior Notes due 2031 (together with the New 2029 Skyworks Notes, the “New Skyworks Notes”) issued by Skyworks. The Exchange Offers and Consent Solicitations (as defined herein) are being conducted in connection with, and are conditioned upon, among other things, the closing of the transactions pursuant to which Qorvo will merge with and into a subsidiary of Skyworks (the “Mergers”), with such subsidiary continuing as the surviving entity and a wholly-owned subsidiary of Skyworks, which condition may not be waived by Skyworks.
Five mid-cap AI infrastructure stocks, including BILL, PCTY, TDC, VSH and QRVO, offer discounted valuations amid rising AI demand.
Qorvo is executing a recovery, with gross margins already at the FY2028 target of 47% and net debt set to vanish within a year. QRVO trades at a 2-turn EV/EBITDA discount to Qualcomm despite comparable or superior margin performance, offering a compelling re-rating opportunity. The base case price target is $120 (+43%), with bull and bear scenarios at $175 (+109%) and $54 (−35%), respectively, driven by DCF and peer multiples.
On May 12, 2026, Qorvo Inc (QRVO) shares rose 3.2% to a current price of $93.41. Over the past year, the stock has exhibited a notable price range, hitting a 52
QRVO beats Q4 estimates despite weak smartphone demand, as stronger margins, cost control and product mix lift profitability.
The headline numbers for Qorvo (QRVO) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Qorvo (QRVO) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.42 per share a year ago.
GREENSBORO, N.C., May 05, 2026 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2026 fourth quarter ended March 28, 2026.
GREENSBORO, N.C., April 21, 2026 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will distribute fiscal 2026 fourth quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, May 5, 2026. The press release will be available on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Financial Releases").
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Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qorvo, Inc. (NASDAQ: QRVO) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,848 shares of the semiconductor company's stock after buying an additional 19,849 shares during
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Revolutionary Ku/Ka Fully Integrated Aero-Conformal Antenna System Sets a New Standard for Aircraft Connectivity and Paves the Way for Supersonic and Hypersonic Flight — Developed in Collaboration with Qorvo
Kintayl Capital LP acquired 124,268 shares of Qorvo; estimated trade value of $10.50 million based on quarterly average pricing. Quarter-end position value increased by $10.50 million, reflecting the new holding and stock price movements.
Skyworks Solutions ( NASDAQ:SWKS ) and Qorvo ( NASDAQ:QRVO ) just reported earnings as direct RF chip competitors, but here is the twist: they announced a merger that would create a roughly $22 billion combined RF and analog semiconductor company, expected to close in early 2027.
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8,226 shares were sold for a total transaction value of ~$683,000, based on a weighted average price of around $84.29 per share on Feb. 17, 2026. The transaction represented 19.18% of Stewart Frank P.
Citigroup Inc. cut its holdings in shares of Qorvo, Inc. (NASDAQ: QRVO) by 81.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,817 shares of the semiconductor company's stock after selling 480,507 shares during the period. Citigroup
Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?