Qorvo, Inc. is a global leader in developing and commercializing technologies and products for wireless, wired, and power markets . The company operates through three main segments, providing solutions for various industries, including automotive, defense, aerospace, and consumer electronics . Qorvo's offerings include RF, analog mixed signal, power management, connectivity, and sensor solutions, catering to major smartphone manufacturers and other markets .
- Advanced Cellular Group (ACG) - Supplies advanced cellular RF solutions for smartphones and consumer devices, leveraging technology to deliver high-performance cellular products .
- High Performance Analog (HPA) - Provides RF, analog mixed signal, and power management solutions, serving markets such as automotive, defense and aerospace, and cellular infrastructure .
- Connectivity and Sensors Group (CSG) - Focuses on connectivity and sensor solutions, including ultra-wideband, Bluetooth Low Energy, and Wi-Fi, targeting markets like home electronics, industrial automation, and automotive .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gina B. Harrison Executive | Vice President and Corporate Controller | None | CPA with over 30 years of experience in corporate and public accounting, joined Qorvo in 2015. | |
Grant A. Brown Executive | Senior Vice President and Chief Financial Officer | None | Joined Qorvo in 2015, previously held roles in financial planning and treasury. | |
Paul J. Fego Executive | Senior Vice President and President of Global Operations | None | Extensive experience in semiconductor manufacturing, previously at Texas Instruments and Photronics, Inc. | |
Philip J. Chesley Executive | Senior Vice President and President of High Performance Analog | None | Joined Qorvo in 2021, previously held leadership roles at Renesas Electronics and Intersil Corporation. | |
Robert A. Bruggeworth Executive | President and Chief Executive Officer | Board Member at MSA Safety Incorporated and Seagate Technology Holdings plc | Over 30 years of experience in semiconductors and electronic products. Former CEO of RF Micro Devices. | View Report → |
Steven E. Creviston Executive | Senior Vice President and President of Connectivity & Sensors | Director at LightPath Technologies, Inc. | Long-standing career at Qorvo and RF Micro Devices, focusing on mobile products and connectivity. | |
Dr. Walden C. Rhines Board | Chair of the Board and Lead Independent Director | President and CEO of Cornami, Inc., CEO of Rhines Consultants, Board Member at Silvaco Group Inc. and Pallidus | Over 50 years in the semiconductor industry, former CEO of Mentor Graphics, extensive board experience. | |
John R. Harding Board | Director | Chair of the Board of Meta Materials Inc., Director at SandFirst, Inc. | Co-founder of eSilicon Corporation, extensive experience in semiconductor design and manufacturing. | |
Judy Bruner Board | Director | Director at Applied Materials, Inc., Rapid7, Inc., and Seagate Technology Holdings plc | Extensive financial management experience, former CFO at SanDisk Corp. | |
Roderick D. Nelson Board | Director | Founder and Principal of Nelson Technology Partners, Inc., Co-founder of Tritech Sales and Services, LLC | Substantial experience in wireless communications, expertise in 4G and 5G network deployment. | |
Susan L. Spradley Board | Director | Partner at TAP Growth Group, Board Member at Catalyst Campus | Over 25 years in wireless telecommunications, extensive public company executive leadership experience. |
- Given the intense competition in the RF components market within the Android ecosystem, how do you plan to sustain and grow your market share, and what differentiates your solutions from those of your competitors?
- You mentioned expectations of gaining share at your largest customer; can you elaborate on the specific areas or products where you see this opportunity, and what risks could impede achieving this growth?
- With the transition to 8-inch BAW wafers, what challenges do you anticipate in scaling production, and how might this impact your margins and capital expenditures in the near term?
- As you expand into new markets like solid-state circuit breakers for EVs, how does this diversification align with your core competencies, and what competitive advantages do you have to succeed against established players?
- Considering the potential for AI integration in smartphones, how are you positioning your products to capitalize on this trend, and what investments are you making to ensure you remain competitive if AI-driven features accelerate demand?
Research analysts who have asked questions during Qorvo earnings calls.
Karl Ackerman
BNP Paribas
4 questions for QRVO
Thomas O’Malley
Barclays Capital
4 questions for QRVO
Christopher Rolland
Susquehanna Financial Group
3 questions for QRVO
Edward Snyder
Charter Equity Research
3 questions for QRVO
Gary Mobley
Loop Capital
3 questions for QRVO
Harsh Kumar
Piper Sandler & Co.
3 questions for QRVO
Christopher Caso
Wolfe Research
2 questions for QRVO
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
2 questions for QRVO
Chris Caso
Wolfe Research LLC
1 question for QRVO
James Schneider
Goldman Sachs
1 question for QRVO
Joseph Moore
Morgan Stanley
1 question for QRVO
Krish Sankar
TD Cowen
1 question for QRVO
Nicolas Doyle
Needham & Company, LLC
1 question for QRVO
Peter Peng
Evercore ISI
1 question for QRVO
Ruben Roy
Stifel Financial Corp.
1 question for QRVO
Srinivas Pajjuri
Raymond James & Associates, Inc.
1 question for QRVO
Timothy Arcuri
UBS
1 question for QRVO
Toshiya Hari
Goldman Sachs Group, Inc.
1 question for QRVO
Vijay Rakesh
Mizuho
1 question for QRVO
Vivek Arya
Bank of America Corporation
1 question for QRVO
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Infineon Technologies AG | Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Competes in both the High Performance Analog (HPA) and Connectivity and Sensors Group (CSG) segments, focusing on RF, analog mixed signal, power management, and connectivity solutions. | |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Sumitomo Electric Device Innovations | Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Competes primarily in the High Performance Analog (HPA) segment, which focuses on RF, analog mixed signal, and power management solutions. | |
Competes in both the Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG) segments, focusing on connectivity, sensor, and cellular RF solutions. | |
Nordic Semiconductor | Competes primarily in the Connectivity and Sensors Group (CSG) segment, which focuses on connectivity and sensor solutions. |
Qualcomm Technologies, Inc. | Competes in both the Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG) segments, focusing on connectivity, sensor, and cellular RF solutions. |
Competes primarily in the Connectivity and Sensors Group (CSG) segment, which focuses on connectivity and sensor solutions. | |
Competes in both the Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG) segments, focusing on connectivity, sensor, and cellular RF solutions. | |
Competes primarily in the Advanced Cellular Group (ACG) segment, which focuses on cellular RF solutions. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Apple Inc. | Provides RF solutions for mobile devices through multiple contract manufacturers. | Advanced Cellular Group (ACG). | FY2025: 47% of total revenue ⇒ approx $1,747 million ; FY2024: 46%; FY2023: 37%. |
Samsung Electronics Co., Ltd. | Purchases RF solutions for mobile devices. | Advanced Cellular Group (ACG). | FY2025: 10% of total revenue ⇒ approx $372 million ; FY2024: 12%; FY2023: 12%. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Anokiwave, Inc. | 2024 | Acquired for a total purchase price of $93.7 million (with $10.7 million in cash acquired), the deal strategically expanded Qorvo’s RF front-end capabilities by incorporating high-performance ICs for beamforming and IF-to-RF conversion, complementing its offerings in defense, aerospace, SATCOM, and 5G markets; the team was integrated into Qorvo’s High Performance Analog segment. |
United Silicon Carbide, Inc. | 2021 | Completed for approximately $227.1 million in cash plus up to $31.3 million in contingent consideration, this acquisition strengthened Qorvo's portfolio by adding silicon carbide power semiconductors ideal for EVs, industrial power, and data centers, expanding its market reach and enabling access to a total addressable market nearing $10 billion. |
NextInput, Inc. | 2021 | Acquired for about $173.4 million in cash, the transaction enhanced Qorvo’s portfolio with advanced MEMS-based sensing solutions for mobile and other applications; it included significant allocations to intangible assets and goodwill to capture synergies and augment comprehensive sensing capabilities. |
Recent press releases and 8-K filings for QRVO.
- Q1 non-GAAP revenue was $819 million, with a 44% gross margin and $0.92 diluted EPS; the company’s largest customer accounted for 41% of revenue.
- Ended the quarter with $1.2 billion in cash and equivalents, $1.5 billion in long-term debt, net inventory of $638 million, operating cash flow of $183 million, and free cash flow of $145 million.
- Q2 guidance calls for $1.025 billion ±$50 million in revenue, 48–50% non-GAAP gross margin, and $2.00 ±$0.25 non-GAAP diluted EPS.
- Content at the largest customer grew >10% year-over-year on the new platform; ACG’s June Android revenue was $240 million (down 18% YoY), with China Android revenue at just under $100 million (down 29% YoY).
- Announced closures of Costa Rica and Greensboro (NC) fabs, moving SAW filter production to Texas with $10–20 million startup costs in FY2026 and expected gross margin benefits by late FY2027.
- Qorvo delivered a solid Q4 2025 performance with reported revenue of $869 million and non-GAAP diluted EPS of $1.42, contributing to fiscal 2025 revenue of $3.7 billion with a non-GAAP gross margin of 45.2%.
- The company highlighted strategic initiatives, including growth in defense and aerospace, automotive connectivity, and envelope tracking solutions for premium mobile devices, along with consolidating its manufacturing footprint by exiting the Costa Rica facility.
- Forward guidance for the upcoming June quarter includes an estimated revenue of $775 million (±$25 million), non-GAAP gross margin between 42% and 44%, and non-GAAP EPS between $0.50 and $0.75, even as the firm manages a dynamic tariff environment with minimal impact.