QRVO Should I Buy
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Qorvo Inc. (QRVO) is not a strong buy at the moment for a beginner, long-term investor. The stock is currently in a bearish technical trend, with weak sentiment from analysts and options data indicating bearish trading activity. Despite strong financial performance in the latest quarter, the negative catalysts such as weak guidance, declining Android sales, and lack of significant positive news make it prudent to hold rather than buy.
The technical indicators for QRVO are bearish. The MACD histogram is negative and expanding, RSI is neutral but leaning towards oversold territory, and the moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its S2 support level of 78.276, with resistance at 81.814.
The company reported strong financial performance in Q3 2026, with revenue up 8.36% YoY, net income up 297.52% YoY, and EPS up 306.98% YoY. Gross margin also increased by 7.32%.
Weak guidance for the March quarter, driven by declining Android sales and iOS content loss. Analysts have lowered price targets, and the stock is under pressure due to uncertainties surrounding the Skyworks merger. Additionally, no significant insider or hedge fund activity has been reported, and the options data reflects bearish sentiment.
Qorvo delivered strong Q3 2026 results with revenue of $992.96M (+8.36% YoY), net income of $164.06M (+297.52% YoY), and EPS of 1.75 (+306.98% YoY). Gross margin improved to 46.65% (+7.32% YoY). However, the company provided weak guidance for the next quarter, citing challenges in Android and iOS segments.
Analyst sentiment is neutral to bearish. Multiple firms have lowered their price targets, with the majority maintaining Hold or Neutral ratings. Price targets range from $70 to $95, with concerns over weak guidance, declining Android sales, and uncertainties in the Skyworks merger timeline.
