Qorvo, Inc. ($QRVO) reported first-quarter 2027 revenue of $784.8 million, down 4.1% from a year earlier but above the analyst estimate of $758.4 million. The company also posted stronger profitability across the income statement, with gross profit rising to $401.0 million and operating profit climbing to $96.8 million.
Net income attributable to common shareholders jumped to $85.8 million, while diluted earnings per share increased to $0.96. That result marked a sharp year-over-year improvement, even as revenue edged lower.
On the cash-flow side, Qorvo generated $139.5 million in operating cash flow and spent $24.1 million on property, plant and equipment. The company ended the period with $1.3 billion in cash and cash equivalents, while total liabilities stood at $2.5 billion.
- Revenue: $784.8 million
- Net income: $85.8 million
- Diluted EPS: $0.96
- Operating cash flow: $139.5 million
- Cash and cash equivalents: $1.3 billion
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Qorvo, Inc. Insider Trading Activity
Qorvo, Inc. insiders have traded $QRVO stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $QRVO stock by insiders over the last 6 months:
- PETER A FELD has made 0 purchases and 2 sales selling 1,900,000 shares for an estimated $192,286,963.
- ROBERT A BRUGGEWORTH (President and CEO) has made 0 purchases and 4 sales selling 57,957 shares for an estimated $5,819,052.
- FRANK P. STEWART (SVP, Advanced Cellular) sold 8,226 shares for an estimated $683,251
- GINA HARRISON (VP and Corporate Controller) has made 0 purchases and 2 sales selling 5,670 shares for an estimated $562,220.
- PAUL J FEGO (SVP, Global Operations) sold 2,500 shares for an estimated $250,000
- JOHN R HARDING sold 1,200 shares for an estimated $99,192
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Qorvo, Inc. Hedge Fund Activity
We have seen 232 institutional investors add shares of Qorvo, Inc. stock to their portfolio, and 236 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 1,571,303 shares (+801.4%) to their portfolio in Q1 2026, for an estimated $121,618,852
- CONTOUR ASSET MANAGEMENT LLC removed 1,038,851 shares (-46.2%) from their portfolio in Q1 2026, for an estimated $80,407,067
- UBS GROUP AG added 1,012,514 shares (+369.9%) to their portfolio in Q1 2026, for an estimated $78,368,583
- ASSENAGON ASSET MANAGEMENT S.A. added 962,593 shares (+435.0%) to their portfolio in Q2 2026, for an estimated $89,781,049
- VAN ECK ASSOCIATES CORP removed 889,713 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $68,863,786
- VULCAN VALUE PARTNERS, LLC removed 834,541 shares (-75.6%) from their portfolio in Q1 2026, for an estimated $64,593,473
- CANYON CAPITAL ADVISORS LLC added 621,975 shares (+inf%) to their portfolio in Q1 2026, for an estimated $48,140,865
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Qorvo, Inc. Government Contracts
We have seen $2,529,537 of award payments to $QRVO over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
Qorvo, Inc. Price Targets
Multiple analysts have issued price targets for $QRVO recently. We have seen 5 analysts offer price targets for $QRVO in the last 6 months, with a median target of $100.0.
Here are some recent targets:
- Atif Malik from Citigroup set a target price of $100.0 on 05/07/2026
- Peter Peng from JP Morgan set a target price of $100.0 on 05/06/2026
- Timothy Arcuri from UBS set a target price of $100.0 on 05/06/2026
- Tom O'Malley from Barclays set a target price of $100.0 on 04/22/2026
- Vijay Rakesh from Mizuho set a target price of $66.0 on 04/20/2026
