Fundamental analysis · SEC EDGAR · as of 28/03/2026

Fundamental analysis of Qorvo, Inc.

QRVO · Nasdaq · Technology

Fundamental quality

REASONABLE

58

out of 100

Qorvo, Inc. is a mature, stable business: it earns money solidly (net margin 9.2%) but grows slowly (-1.7% a year). On fundamental quality it scores 58 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue -1.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Qorvo makes radio-frequency chips for phones, defense and infrastructure: the eternal runner-up to Skyworks in connecting handsets, with an extra arm in military and power electronics.

What will shape its future

  • Concentration in Apple and the big phone makers, its greatest vulnerability.
  • The defense and power business, steadier and better priced than mobile.
  • The smartphone cycle: a mature market now growing only on replacement.

Breakdown by area

I.Growth
16

EPS growth: -10.6% · Revenue growth: -1.7%

II.Profitability
65

Net margin: 9.2% · ROE: 10.1% · ROIC: 9.5%

III.Financial health
93

Net debt/EBITDA: 0.59x · FCF: 18.5%

Source: SEC EDGAR · as of 28/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 37%
ROEbeats 32%
Growthbeats 6%
Cash generationbeats 36%
Less debtbeats 54%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Qorvo, Inc. strengths

  • Strong free-cash-flow generation (FCF margin of 18.5%): profit turns into real cash.
  • Solid net margin (9.2%): the business is clearly profitable.
  • Positive free cash flow year after year, a self-funding business.
  • Low leverage (net debt of 0.59× EBITDA).

Qorvo, Inc. risks and weaknesses

  • Shrinking margins: net margin has fallen from 18% to 9% in recent years.
  • Declining revenue (-1.7% annualized).
  • Declining earnings per share (-10.6% annualized).

Qorvo, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20214,0157341,115350
20224,6461,0338361,075
20233,5691036841,240
20243,770-70706959
20253,71956485528
20263,679339680330

Between 2021 and 2026, revenue went from $4,015M to $3,679M (-8%) and net income went from $734M to $339M (-54%). Meanwhile, its margins have narrowed (from 18% to 9%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Qorvo, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Qorvo, Inc. a good company to invest in?

In terms of business quality, Qorvo, Inc. scores 58 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Qorvo, Inc. a profitable company?

Qorvo, Inc. is profitable, with a net margin of 9.2%, though a thin one.

Does Qorvo, Inc. have a lot of debt?

Not particularly. Its net debt is 0.59 times its EBITDA, a low level.

Is Qorvo, Inc. growing?

Its revenue has fallen 1.7% annualized in recent years.

Does Qorvo, Inc. generate cash?

Yes. It converts about 18.5% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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