Qorvo (QRVO) Posts Bullish Q3 FY 2026 Results, Tempered Guidance for Q4

Qorvo Inc. (NASDAQ:QRVO) is one of the most undervalued stocks to buy and hold for 5 years. On January 27, Qorvo Inc. (NASDAQ:QRVO) reported healthy Q3 FY 2026 results, with revenue of $993.0 million, up 8.4% year over year but down 6.2% sequentially and modestly ahead of consensus. Adjusted EPS of $2.17 also came in ahead of the Street’s $1.86 estimate.

The company issued its revenue guidance for the fiscal fourth quarter, which fell short of analysts’ current expectations. The company expects to report between $775.00 million and $825.00 million in revenue, below analysts’ $903.8 million forecast, and per-share profit of $1.05 to $1.35, just shy of the $1.37 Wall Street is projecting.

Qorvo Inc. (NASDAQ:QRVO) supplies radio-frequency chips to Apple, its largest customer, which accounts for about half of the company’s total revenue. Lower revenue expectations hint at a “seasonal” decline in demand from the iPhone maker, according to Qorvo CEO Bob Bruggeworth. The company is in the midst of a $22 billion cash-and-stock transaction to merge with its larger rival, Skyworks Solutions Inc., a deal announced in October 2025.

Qorvo Inc. (NASDAQ:QRVO) develops and sells technologies and products for wireless, wired, and power markets in the U.S., Asia, and Europe. The company’s services cater to fields such as defense and aerospace, 5G and 6G infrastructure, and connectivity and sensor technology, among others.

READ NEXT: 10 Most Undervalued Stocks to Buy and Hold for 5 Years and 14 Best Tech Stocks Under $10 to Buy

Disclosure: None. This article is originally published at Insider Monkey.