QRVO Should I Buy
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0.000(0.000%)
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QRVO is not a good buy right now. The tape is bearish (downtrend with weakening momentum), near-term catalysts are negative (March-quarter guide implies a sharp revenue step-down), and Wall Street sentiment has deteriorated via broad price-target cuts. Given an impatient buyer profile and no proprietary buy signals today, the risk/reward favors avoiding new entries (or trimming if already holding) rather than buying now.
Trend is bearish. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), signaling a sustained downtrend. MACD histogram is -0.22 and negatively expanding, implying downside momentum is still building rather than stabilizing. RSI(6) at ~33.4 is weak (near oversold), which can produce bounces, but it is not a reversal signal by itself while MACD/MA structure stays bearish. Key levels: pivot ~80.19 (now below it = bearish bias). Nearest support S1 ~76.77 (price 77.86 is close—break risks move toward S2 ~74.65). Resistance overhead at ~83.61 then ~85.73. Pattern-based forward odds also skew down: estimated -0.56% next day, -2.81% next week.
Fiscal 2026/Q3 results showed strong YoY improvement (revenue +8.36%, EPS +306.98%, net income +297.52%, gross margin +7.32%), indicating operational leverage and some end-market strength (notably cited strength in iPhone momentum and aerospace/defense). Any clarity that stabilizes Apple socket/share dynamics or improves handset demand could help sentiment.
Management guided March-quarter revenue down ~19% QoQ, well below expectations, and commentary highlights ongoing exit from low-tier Android plus mobile share/content pressures (including iOS content loss/dual sourcing concerns). Multiple analysts flagged reduced visibility and merger/timeline overhang related to Skyworks discussion. News flow is dominated by the weak outlook and the resulting sharp stock drop, keeping near-term sentiment negative.
Latest reported quarter: 2026/Q3. Revenue rose to ~$993.0M (+8.36% YoY). Profitability improved sharply: net income ~$164.1M (+297.52% YoY) and EPS 1.75 (+306.98% YoY). Gross margin expanded to 46.65 (+7.32% YoY). Despite strong trailing growth, the forward guide implies a near-term growth air pocket, which is what the market is currently pricing.
Recent trend is clearly negative: across 1/20–1/28, multiple firms cut price targets and largely reiterated Neutral/Hold/Equal Weight (JPM 85 Neutral; Stifel 85 Hold; Mizuho 70 Neutral; TD Cowen 80 Hold; MS 84 Equal Weight; Piper 90 Neutral; Citi 90 Neutral; UBS 87 Neutral; Susquehanna 90 Neutral). Only Craig-Hallum reiterated Buy (PT cut to 95) while acknowledging the weak guide and expected Android revenue decline. Wall Street pros: prior-quarter execution/seasonality, defense strength, margin improvement. Cons: weak March-quarter outlook, handset demand headwinds, Apple socket/share uncertainty, and deal/overhang concerns. Influential trading: no recent congress trading data; hedge funds and insiders are both described as Neutral with no significant recent trend.
