Qorvo (QRVO) Stock Forecast, Price Target & Predictions
QRVO Stock Forecast
Qorvo stock forecast is as follows: an average price target of $117.57 (represents a 64.73% upside from QRVO’s last price of $71.37) and a rating consensus of 'Hold', based on 20 wall street analysts offering a 1-year stock forecast.
QRVO Price Target
The average price target for Qorvo (QRVO) is $117.57 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $230.00 to $80.00. This represents a potential 64.73% upside from QRVO's last price of $71.37.
QRVO Analyst Ratings
According to 20 Wall Street analysts, Qorvo's rating consensus is 'Hold'. The analyst rating breakdown for QRVO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (30.00%), 13 'Hold' (65.00%), 1 'Sell' (5.00%), and 0 'Strong Sell' (0.00%).
Qorvo Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Vivek Arya | Bank of America Securities | $80.00 | $100.48 | -20.38% | 12.09% |
| Oct 30, 2024 | Harsh Kumar | Piper Sandler | $85.00 | $100.48 | -15.41% | 19.10% |
| Oct 30, 2024 | Toshiya Hari | Goldman Sachs | $99.00 | $100.48 | -1.47% | 38.71% |
| Oct 30, 2024 | Karl Ackerman | BNP Paribas | $80.00 | $73.44 | 8.93% | 12.09% |
| Oct 30, 2024 | Blayne Curtis | Barclays | $90.00 | $100.48 | -10.43% | 26.10% |
| Oct 10, 2024 | Joseph Moore | Morgan Stanley | $120.00 | $101.50 | 18.23% | 68.14% |
| Oct 10, 2024 | Tom O'Malley | Barclays | $120.00 | $102.16 | 17.46% | 68.14% |
| Jul 31, 2024 | Anthony Stoss | Craig-Hallum | $142.00 | $119.46 | 18.87% | 98.96% |
| Jul 31, 2024 | Harsh Kumar | Piper Sandler | $120.00 | $119.46 | 0.45% | 68.14% |
| Jul 30, 2024 | Tom O'Malley | Barclays | $125.00 | $122.47 | 2.07% | 75.14% |
The latest Qorvo stock forecast, released on Oct 30, 2024 by Vivek Arya from Bank of America Securities, set a price target of $80.00, which represents a -20.38% decrease from the stock price at the time of the forecast ($100.48), and a 12.09% increase from QRVO last price ($71.37).
Qorvo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 7 | 7 | 16 |
| Avg Price Target | $96.29 | $96.29 | $111.88 |
| Last Closing Price | $71.37 | $71.37 | $71.37 |
| Upside/Downside | 34.92% | 34.92% | 56.76% |
In the current month, the average price target of Qorvo stock is $96.29, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 34.92% increase as opposed to Qorvo's last price of $71.37. This month's average price target is down 0.00% compared to last quarter, and down -13.93% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | Benchmark | Buy | Hold | Downgrade |
| Oct 30, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 30, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Oct 30, 2024 | BNP Paribas | - | Neutral | Downgrade |
| Oct 30, 2024 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| Oct 30, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Oct 10, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Oct 10, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 31, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 31, 2024 | Craig-Hallum | Buy | Buy | Hold |
Qorvo's last stock rating was published by Benchmark on Oct 30, 2024. The company Downgrade its QRVO rating from "Buy" to "Hold".
Qorvo Financial Forecast
Qorvo Revenue Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.07B | $1.10B | $651.16M | $632.70M | $743.28M | $1.16B | $1.04B | $1.17B | $1.09B | $1.26B | $1.11B | $1.07B | - | $1.06B | $787.45M | $787.77M | $869.07M |
| Avg Forecast | $1.03B | $1.11B | $1.10B | $935.65M | $953.56M | $1.03B | $1.01B | $835.14M | $842.10M | $902.73M | $1.03B | $851.95M | $927.24M | $1.00B | $1.00B | $640.26M | $621.35M | $725.89M | $1.13B | $1.02B | $1.15B | $1.11B | $1.25B | $1.08B | $1.04B | $1.07B | $1.00B | $729.90M | $757.87M | $852.12M |
| High Forecast | $1.13B | $1.22B | $1.20B | $1.03B | $1.05B | $1.13B | $1.11B | $917.66M | $926.93M | $906.26M | $1.03B | $851.95M | $927.24M | $1.01B | $1.02B | $703.52M | $682.75M | $797.61M | $1.13B | $1.02B | $1.15B | $1.11B | $1.25B | $1.08B | $1.04B | $1.07B | $1.00B | $729.90M | $757.87M | $852.12M |
| Low Forecast | $993.35M | $1.08B | $1.06B | $903.91M | $921.20M | $993.32M | $972.03M | $806.80M | $791.90M | $901.05M | $1.03B | $851.95M | $927.24M | $968.93M | $1.00B | $618.54M | $600.27M | $701.26M | $1.13B | $1.02B | $1.15B | $1.11B | $1.25B | $1.08B | $1.04B | $1.07B | $1.00B | $729.90M | $757.87M | $852.12M |
| # Analysts | 12 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 13 | 12 | 11 | 3 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 14 | 18 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.10% | 1.02% | 1.02% | 1.02% | 1.02% | 1.01% | 1.01% | 0.99% | 1.00% | 1.03% | 1.03% | - | 1.06% | 1.08% | 1.04% | 1.02% |
Qorvo's average Quarter revenue forecast for Mar 24 based on 3 analysts is $927.24M, with a low forecast of $927.24M, and a high forecast of $927.24M. QRVO's average Quarter revenue forecast represents a -13.65% decrease compared to the company's last Quarter revenue of $1.07B (Dec 23).
Qorvo EBITDA Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 13 | 12 | 11 | 3 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 14 | 18 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-41.57M | $156.64M | $-34.42M | $-181.77M | $14.29M | $263.78M | $96.80M | $264.86M | $240.97M | $367.11M | $313.89M | $302.20M | - | $223.56M | $115.85M | $83.57M | $200.09M |
| Avg Forecast | $177.71M | $192.43M | $189.28M | $161.71M | $164.80M | $177.70M | $173.89M | $144.34M | $145.54M | $156.02M | $177.56M | $147.24M | $299.70M | $173.34M | $173.14M | $110.65M | $272.45M | $395.69M | $195.38M | $176.90M | $247.69M | $191.12M | $216.12M | $186.90M | $338.66M | $185.01M | $173.62M | $126.15M | $165.76M | $147.27M |
| High Forecast | $195.27M | $211.44M | $207.98M | $177.68M | $181.09M | $195.26M | $191.08M | $158.60M | $160.20M | $156.63M | $177.67M | $147.24M | $359.64M | $175.07M | $175.73M | $121.59M | $326.95M | $474.83M | $195.38M | $176.90M | $297.22M | $191.12M | $216.12M | $186.90M | $406.39M | $185.01M | $173.62M | $126.15M | $198.91M | $147.27M |
| Low Forecast | $171.68M | $185.90M | $182.86M | $156.22M | $159.21M | $171.67M | $167.99M | $139.44M | $136.86M | $155.73M | $177.45M | $147.24M | $239.76M | $167.46M | $172.86M | $106.90M | $217.96M | $316.55M | $195.38M | $176.90M | $198.15M | $191.12M | $216.12M | $186.90M | $270.93M | $185.01M | $173.62M | $126.15M | $132.61M | $147.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.24% | 0.90% | -0.31% | -0.67% | 0.04% | 1.35% | 0.55% | 1.07% | 1.26% | 1.70% | 1.68% | 0.89% | - | 1.29% | 0.92% | 0.50% | 1.36% |
7 analysts predict QRVO's average Quarter EBITDA for Dec 23 to be $173.34M, with a high of $175.07M and a low of $167.46M. This is 10.66% upper than Qorvo's previous annual EBITDA (Sep 23) of $156.64M.
Qorvo Net Income Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 13 | 12 | 11 | 3 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 14 | 18 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-126.94M | $97.46M | $-43.58M | $-138.42M | $-15.93M | $188.62M | $68.88M | $212.28M | $201.03M | $319.19M | $285.63M | $298.74M | - | $136.92M | $96.92M | $50.39M | $161.36M |
| Avg Forecast | $185.12M | $225.90M | $213.86M | $129.81M | $139.88M | $174.18M | $165.60M | $82.30M | $81.57M | $115.25M | $175.25M | $67.31M | $240.20M | $157.36M | $168.29M | $14.35M | $218.36M | $218.93M | $245.04M | $203.59M | $198.51M | $266.23M | $314.10M | $236.67M | $260.63M | $258.26M | $204.91M | $109.05M | $41.30M | $161.74M |
| High Forecast | $208.90M | $254.91M | $241.33M | $146.49M | $157.84M | $196.56M | $186.87M | $92.87M | $84.38M | $133.91M | $175.58M | $67.34M | $288.24M | $160.22M | $177.75M | $16.20M | $262.03M | $262.71M | $245.04M | $203.59M | $238.21M | $266.23M | $314.10M | $236.67M | $312.75M | $258.26M | $204.91M | $109.05M | $49.56M | $161.74M |
| Low Forecast | $176.95M | $215.93M | $204.43M | $124.09M | $133.71M | $166.50M | $158.29M | $78.67M | $77.63M | $76.61M | $174.92M | $67.29M | $192.16M | $150.42M | $164.51M | $13.72M | $174.69M | $175.14M | $245.04M | $203.59M | $158.81M | $266.23M | $314.10M | $236.67M | $208.50M | $258.26M | $204.91M | $109.05M | $33.04M | $161.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.81% | 0.58% | -3.04% | -0.63% | -0.07% | 0.77% | 0.34% | 1.07% | 0.76% | 1.02% | 1.21% | 1.15% | - | 0.67% | 0.89% | 1.22% | 1.00% |
Qorvo's average Quarter net income forecast for Dec 23 is $157.36M, with a range of $150.42M to $160.22M. QRVO's average Quarter net income forecast represents a 61.46% increase compared to the company's last Quarter net income of $97.46M (Sep 23).
Qorvo SG&A Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 13 | 12 | 11 | 3 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 14 | 18 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $86.91M | $103.70M | $105.42M | $82.95M | $76.27M | $97.75M | $101.81M | $83.93M | $93.14M | $93.49M | $90.30M | $78.12M | - | $109.37M | $86.60M | $85.11M | $81.20M |
| Avg Forecast | $98.00M | $106.12M | $104.38M | $89.18M | $90.88M | $98.00M | $95.90M | $79.60M | $80.26M | $86.04M | $97.92M | $81.20M | $94.97M | $95.59M | $95.48M | $61.02M | $86.33M | $83.01M | $107.75M | $97.56M | $78.48M | $105.40M | $119.19M | $103.07M | $68.16M | $102.03M | $95.75M | $69.57M | $69.75M | $81.22M |
| High Forecast | $107.69M | $116.60M | $114.70M | $97.99M | $99.86M | $107.68M | $105.37M | $87.46M | $88.35M | $86.38M | $97.98M | $81.20M | $113.96M | $96.55M | $96.91M | $67.05M | $103.60M | $99.62M | $107.75M | $97.56M | $94.18M | $105.40M | $119.19M | $103.07M | $81.79M | $102.03M | $95.75M | $69.57M | $83.70M | $81.22M |
| Low Forecast | $94.68M | $102.52M | $100.84M | $86.15M | $87.80M | $94.67M | $92.65M | $76.90M | $75.48M | $85.88M | $97.86M | $81.20M | $75.97M | $92.35M | $95.33M | $58.95M | $69.07M | $66.41M | $107.75M | $97.56M | $62.79M | $105.40M | $119.19M | $103.07M | $54.53M | $102.03M | $95.75M | $69.57M | $55.80M | $81.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.09% | 1.73% | 0.96% | 0.92% | 0.91% | 1.04% | 1.07% | 0.88% | 0.78% | 0.88% | 1.15% | - | 1.14% | 1.24% | 1.22% | 1.00% |
Qorvo's average Quarter SG&A projection for Mar 24 is $94.97M, based on 3 Wall Street analysts, with a range of $75.97M to $113.96M. The forecast indicates a 9.26% rise compared to QRVO last annual SG&A of $86.91M (Dec 23).
Qorvo EPS Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 11 | 10 | 9 | 8 | 7 | 6 | 13 | 12 | 11 | 3 | 3 | 7 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 14 | 18 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.31 | $1.00 | $-0.44 | $-1.39 | $-0.16 | $1.83 | $0.66 | $1.96 | $1.76 | $2.87 | $2.55 | $2.64 | - | $1.20 | $0.85 | $0.44 | $1.39 |
| Avg Forecast | $1.95 | $2.38 | $2.25 | $1.37 | $1.47 | $1.84 | $1.75 | $0.87 | $0.86 | $1.21 | $1.85 | $0.71 | $1.21 | $1.66 | $1.77 | $0.15 | $0.12 | $0.62 | $2.54 | $2.11 | $2.93 | $2.76 | $3.25 | $2.45 | $2.43 | $2.68 | $2.12 | $1.13 | $1.33 | $1.68 |
| High Forecast | $2.20 | $2.69 | $2.54 | $1.54 | $1.66 | $2.07 | $1.97 | $0.98 | $0.89 | $1.41 | $1.85 | $0.71 | $1.21 | $1.69 | $1.87 | $0.17 | $0.14 | $0.70 | $2.54 | $2.11 | $2.93 | $2.76 | $3.25 | $2.45 | $2.43 | $2.68 | $2.12 | $1.13 | $1.33 | $1.68 |
| Low Forecast | $1.86 | $2.28 | $2.15 | $1.31 | $1.41 | $1.75 | $1.67 | $0.83 | $0.82 | $0.81 | $1.84 | $0.71 | $1.21 | $1.59 | $1.73 | $0.14 | $0.12 | $0.59 | $2.54 | $2.11 | $2.93 | $2.76 | $3.25 | $2.45 | $2.43 | $2.68 | $2.12 | $1.13 | $1.33 | $1.68 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.79% | 0.56% | -2.91% | -11.12% | -0.26% | 0.72% | 0.31% | 0.67% | 0.64% | 0.88% | 1.04% | 1.09% | - | 0.57% | 0.75% | 0.33% | 0.83% |
According to 7 Wall Street analysts, Qorvo's projected average Quarter EPS for Dec 23 is $1.66, with a low estimate of $1.59 and a high estimate of $1.69. This represents a 65.84% increase compared to QRVO previous annual EPS of $1.00 (Sep 23).
Qorvo Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SYNA | Synaptics | $69.27 | $160.83 | 132.18% | Buy |
| QRVO | Qorvo | $71.37 | $117.57 | 64.73% | Hold |
| ALGM | Allegro MicroSystems | $20.28 | $32.50 | 60.26% | Buy |
| SLAB | Silicon Laboratories | $104.74 | $162.00 | 54.67% | Hold |
| ON | ON Semiconductor | $69.50 | $87.27 | 25.57% | Buy |
| MCHP | Microchip | $74.47 | $90.53 | 21.57% | Buy |
| LSCC | Lattice Semiconductor | $51.89 | $62.11 | 19.70% | Buy |
| NXPI | NXP Semiconductors | $236.90 | $242.93 | 2.55% | Buy |
| TXN | Texas Instruments | $203.66 | $205.54 | 0.92% | Buy |
| ADI | Analog Devices | $224.19 | $224.64 | 0.20% | Buy |
| MPWR | Monolithic Power Systems | $766.57 | $706.67 | -7.81% | Buy |
| SITM | SiTime | $171.81 | $139.17 | -19.00% | Buy |
QRVO Forecast FAQ
Is Qorvo a good buy?
No, according to 20 Wall Street analysts, Qorvo (QRVO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 30.00% of QRVO's total ratings.
What is QRVO's price target?
Qorvo (QRVO) average price target is $117.57 with a range of $80 to $230, implying a 64.73% from its last price of $71.37. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Qorvo stock go up soon?
According to Wall Street analysts' prediction for QRVO stock, the company can go up by 64.73% (from the last price of $71.37 to the average price target of $117.57), up by 222.26% based on the highest stock price target, and up by 12.09% based on the lowest stock price target.
Can Qorvo stock reach $110?
QRVO's average twelve months analyst stock price target of $117.57 supports the claim that Qorvo can reach $110 in the near future.
What is Qorvo's current price target trend?
7 Wall Street analysts forecast a $96.29 price target for Qorvo (QRVO) this month, up 34.92% from its last price of $71.37. Compared to the last 3 and 12 months, the average price target increased by 34.92% and increased by 56.76%, respectively.
What are Qorvo's analysts' financial forecasts?
Qorvo's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $3.82B (high $4.2B, low $3.69B), average EBITDA is $660.73M (high $726.02M, low $638.32M), average net income is $561.95M (high $634.14M, low $537.17M), average SG&A $364.38M (high $400.39M, low $352.02M), and average EPS is $5.92 (high $6.68, low $5.66). QRVO's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $4.17B (high $4.58B, low $4.03B), average EBITDA is $721.12M (high $792.37M, low $696.65M), average net income is $754.69M (high $851.63M, low $721.4M), average SG&A $397.68M (high $436.98M, low $384.19M), and average EPS is $7.95 (high $8.98, low $7.6).
Did the QRVO's actual financial results beat the analysts' financial forecasts?
Based on Qorvo's last annual report (Mar 2023), the company's revenue was $3.57B, beating the average analysts forecast of $3.5B by 1.94%. Apple's EBITDA was $193.09M, missing the average prediction of $1.04B by -81.44%. The company's net income was $103.15M, missing the average estimation of $885.92M by -88.36%. Apple's SG&A was $358.79M, missing the average forecast of $374.65M by -4.23%. Lastly, the company's EPS was $1.03, missing the average prediction of $5.39 by -80.89%. In terms of the last quarterly report (Dec 2023), Qorvo's revenue was $1.07B, beating the average analysts' forecast of $1B by 7.07%. The company's EBITDA was $-41.569M, missing the average prediction of $173.34M by -123.98%. Qorvo's net income was $-127M, missing the average estimation of $157.36M by -180.67%. The company's SG&A was $86.91M, missing the average forecast of $95.59M by -9.08%. Lastly, the company's EPS was $-1.31, missing the average prediction of $1.66 by -178.99%