Qorvo Beats Q3 Earnings Estimates Despite 4.20% Revenue Decline

Key Facts

1Qorvo reported Q3 earnings per share of $1.64, beating the estimated $1.11.

2The company's revenue declined by 4.20% year-over-year despite the earnings beat.

3Analyst consensus price target is $94.00, which is below the current Nasdaq trading price of $116.75.

Qorvo reported Q3 earnings per share of $1.64, significantly exceeding the analyst consensus of $1.11 according to AD HOC NEWS. The company's revenue reached $784.79 million, beating estimates despite a 4.20% decline compared to the same period last year.

QRVO closed at $116.75 on September 29, 2026, maintaining its position near the upper end of its 52-week range of $74.92 to $121.09. The current price remains above the analyst consensus price target of $94.00, with the company's market capitalization standing at $10.3 billion as of September 29, 2026.