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↑Improving
- Superior Cash Conversion Quality→Stable
- Analyst Target Already Surpassed↑Improving
- +1 more pillar — see the Why tab for full reasoning
Qorvo, Inc. (QRVO) Stock Analysis
Breakout setup
Technology · Semiconductors
Sell if holding. Analyst target reached at $97.82 — A.R:R is negative (-1.5) — 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 $97.82 — A.R:R is negative (-1.5) — 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: Golden cross, above all MAs, RSI 66, MACD bullish. Score 5.4/10, moderate confidence.
Passes 6/8 gates (positive momentum, no SEC red flags, news events none recent, earnings proximity 84d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and clean insider activity. Suitability: aggressive.
Recent developments
updated 2026-08-17Recent 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 2026-08-17T18:12:23Z.
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
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $97.82 — A.R:R is negative (-1.5) — 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: Golden cross, above all MAs, RSI 66, MACD bullish. Prior stop was $91.86. Score 5.4/10, moderate confidence.
Take-profit target: $112.58 (-19.3% upside). Prior stop was $91.86. Stop-loss: $91.86.
Concentration risk — Customer: Apple Inc. (50.0%); Analyst target reached - limited upside remaining; Insider selling.
Qorvo, Inc. trades at a P/E of 22.8 (forward 12.3). TrendMatrix value score: 6.6/10. 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.