QRVO Should I Buy
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Qorvo Inc (QRVO) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown strong financial performance in the latest quarter, the weak guidance for the upcoming quarter, declining Android revenues, and uncertainty surrounding the Skyworks merger create significant headwinds. The technical indicators and options data do not suggest a compelling entry point, and analyst sentiment remains neutral with lowered price targets.
The MACD is positive and contracting, suggesting mild bullish momentum. RSI is neutral at 51.88, and moving averages are converging, indicating no clear trend. The stock is trading near its pivot point of 81.745, with resistance at 85.22 and support at 78.271. Overall, technical indicators do not provide a strong buy signal.
Strong financial performance in Q3 2026, with revenue up 8.36% YoY and net income up 297.52% YoY.
Gross margin improvement to 46.65%.
Shareholder approval of the Skyworks merger, which could create long-term synergies if completed successfully.
Weak guidance for the March quarter, with a 19% QoQ revenue decline expected.
Declining Android revenues and iOS content loss.
Regulatory scrutiny delaying the Skyworks merger.
Analysts have lowered price targets across the board, reflecting cautious sentiment.
In Q3 2026, Qorvo reported strong financials with revenue of $992.96M (+8.36% YoY), net income of $164.06M (+297.52% YoY), EPS of 1.75 (+306.98% YoY), and gross margin of 46.65% (+7.32% YoY). Despite strong results, the company provided weak guidance for the next quarter.
Analysts have lowered price targets significantly, with most ratings being Neutral or Hold. The average price target now ranges between $70 and $95, reflecting concerns over weak guidance, declining Android revenues, and uncertainty surrounding the Skyworks merger.
