NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-23
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
A matching fiscal period and sufficient coverage are required.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.
| Measure / period | Management expectations | Analyst expectations |
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Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
EPS at or above $7.0 | A primary condition in Qorvo's published investment case. The stated target is EPS between $6.5 and $7.5. | Intact | EPS falls below $6.5 in FY27 | Diluted EPS: $0.96 per share FY2027-Q1; GAAP. Published target: EPS between $6.5 and $7.5. Target period is not explicitly aligned with this observation. Source published Jul 28, 20260.96 USD/share · source valueSource reportLast status assessment Oct 12, 2026Measurement sourceconsolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 80a602f2-2e92-40ad-b921-e7543271fc9e. Source status: eligible. Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated as a priority in 3 of last 3 quarters. Non-GAAP operating income increased from $108.2M in 2026-Q1 to $177.6M in 2027-Q1, and non-GAAP net income rose from $86.5M to $146.6M over the same period. Management's focus on business mix and profitability is delivering positive financial results. Delivery assessment Oct 12, 2026 |
Gross margin near 50% | It guides gross margins near 50% and EPS around $7.0 for fiscal 2027. | Intact | Gross margin falls below 48% in FY27 Q4 | Gross margin: 51.09% FY2027-Q1; GAAP. Published target: >=50% gross margin. Target period is not explicitly aligned with this observation. Source published Jul 28, 202651.092069 percent · calculatedSource reportLast status assessment Oct 12, 2026Measurement sourceconsolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 80a602f2-2e92-40ad-b921-e7543271fc9e. Source status: eligible. Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Improved profitability via cost management | A supporting condition in Qorvo's published investment case. The stated target is Sustain or improve operating income above $190M. | Under Pressure | Operating income falls below $190M in any quarter | Operating income: $96.77M FY2027-Q1; GAAP. Published target: Sustain or improve operating income above $190M. Target period is not explicitly aligned with this observation. Source published Jul 28, 202696,770,000 USD · source valueSource reportLast status assessment Oct 12, 2026Measurement sourceconsolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 80a602f2-2e92-40ad-b921-e7543271fc9e. Source status: eligible. Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated as a priority in 3 of last 3 quarters. Non-GAAP operating income increased from $108.2M in 2026-Q1 to $177.6M in 2027-Q1, and non-GAAP net income rose from $86.5M to $146.6M over the same period. Management's focus on business mix and profitability is delivering positive financial results. Delivery assessment Oct 12, 2026 |
Revenue growth near 0% or better | A primary condition in Qorvo's published investment case. The stated target is >=0% YoY revenue growth. | Broken | YoY revenue growth falls below 0% in FY27 | Revenue growth: -4.15% FY2027-Q1; GAAP. Published target: >=0% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Jul 28, 2026-4.150453 percent · calculatedSource reportLast status assessment Oct 12, 2026Measurement sourceconsolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 80a602f2-2e92-40ad-b921-e7543271fc9e. Source status: eligible. Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
Compare these dated observations with the operating requirements above
Comparable estimate history is unavailable.
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Compare required revenue and earningsLatest: 2 Buy / Strong Buy · 15 Hold · 2 Sell / Strong Sell
Recent actions · Sep 13–Oct 12 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Sep 13, 2026–Oct 12, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Oct 27, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
QRVO represents a durable compounder with a focus on enhancing profitability and maintaining strong gross margins. The current thesis state is mixed, as management has shown volatility in execution but is generally on track with profitability goals.
The market currently prices QRVO as justified, with a valuation that is cheap compared to peers. There is an expectations gap indicating that the market may not fully anticipate the potential for improved performance in the near future.
Fundamentals are likely to remain stable, with management achieving non-GAAP gross margins above 50% and increasing operating income. However, there is a moderate risk of guidance cuts, which could negatively impact sentiment.
The thesis hinges on external factors such as potential interest rate cuts by the Fed and the performance of sector leaders like NVDA and TSM. Additionally, management's ability to maintain guidance and execute on their profitability targets will be crucial.
Overall, QRVO's long-term outlook is shaped by its operational strengths and external market conditions. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.