Qorvo (QRVO) Q3 Net Margin Rebound Tests Bearish Earnings Narratives

Simply Wall St.01-30

Qorvo (QRVO) has just posted its Q3 2026 numbers, with revenue of US$993 million and basic EPS of US$1.77, while trailing twelve month EPS sits at US$3.66 on revenue of about US$3.7 billion. The ...

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The ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nasdaq-qrvo/qorvo/news/qorvo-qrvo-q3-net-margin-rebound-tests-bearish-earnings-narr\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Qorvo (QRVO) Q3 Net Margin Rebound Tests Bearish Earnings Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQorvo (QRVO) Q3 Net Margin Rebound Tests Bearish Earnings Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-30 04:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/semiconductors/nasdaq-qrvo/qorvo/news/qorvo-qrvo-q3-net-margin-rebound-tests-bearish-earnings-narr><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Qorvo (QRVO) has just posted its Q3 2026 numbers, with revenue of US$993 million and basic EPS of US$1.77, while trailing twelve month EPS sits at US$3.66 on revenue of about US$3.7 billion. The ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nasdaq-qrvo/qorvo/news/qorvo-qrvo-q3-net-margin-rebound-tests-bearish-earnings-narr\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QRVO","symbol_name":"Qorvo, Inc.","start_time":0,"source_url":"https://simplywall.st/stocks/us/semiconductors/nasdaq-qrvo/qorvo/news/qorvo-qrvo-q3-net-margin-rebound-tests-bearish-earnings-narr","article_id":"2607068286","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8212000-choice2-main-header/1585186783100"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/semiconductors/nasdaq-qrvo/qorvo/news/qorvo-qrvo-q3-net-margin-rebound-tests-bearish-earnings-narr","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2607068286","pubTimestamp":1769718316,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Qorvo (QRVO) has just posted its Q3 2026 numbers, with revenue of US$993 million and basic EPS of US$1.77, while trailing twelve month EPS sits at US$3.66 on revenue of about US$3.7 billion. The company has seen quarterly revenue move between US$869 million and US$1.1 billion over the last six reported periods, with basic EPS ranging from a loss of US$0.18 to a high of US$1.77. This sets up a story where improving profitability and a 9.1% net margin are front and center for how investors read...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"QRVO":"Qorvo, Inc."},"translate_title":"Qorvo(QRVO)第三季度净利润反弹测试看跌盈利叙述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QRVO":1.5},"content_text":"Qorvo (QRVO) has just posted its Q3 2026 numbers, with revenue of US$993 million and basic EPS of US$1.77, while trailing twelve month EPS sits at US$3.66 on revenue of about US$3.7 billion. The company has seen quarterly revenue move between US$869 million and US$1.1 billion over the last six reported periods, with basic EPS ranging from a loss of US$0.18 to a high of US$1.77. This sets up a story where improving profitability and a 9.1% net margin are front and center for how investors read this update. See our full analysis for Qorvo. With the latest numbers on the table, the next step is to line them up against the most common narratives around Qorvo to see which views hold up and which ones get pushed back by the data. Curious how numbers become stories that shape markets? Explore Community Narratives NasdaqGS:QRVO Earnings & Revenue History as at Jan 2026 Advertisement9.1% net margin puts profit back in focus  Over the last 12 months, Qorvo converted US$3.7b of revenue into US$340.6 million of net income, which is a 9.1% net margin compared with 0.7% the previous year. What stands out for the bullish camp is that earnings swung from a trailing loss a year ago to very large year over year growth in profit, yet the five year trend still shows a 49.8% annual earnings decline, so:\n     Supporters can point to the improved margin and the move to US$3.66 of trailing EPS as evidence that the business is in a stronger profit phase than a year ago. Cautious investors can point to the long term earnings decline and ask how durable this rebound is when revenue over the last year sits at US$3.7b and forecast revenue growth is only 2.1% per year.    To see how this mix of higher margins and long term earnings pressure fits into the broader story for Qorvo, check out the full balanced narrative many investors are using to frame the stock. 📊 Read the full Qorvo Consensus Narrative. TTM EPS jump comes with a one off twist  Trailing twelve month EPS is US$3.66, up from US$0.59 a year ago, but that period also includes a one off loss of US$166.9 million that affects how clean the headline earnings look. Critics highlight that very large year over year earnings growth can look stronger than it really is when one time items are involved, and the data here gives both sides material to work with:\n     The bullish view can lean on the move in trailing net income from US$55.6 million to US$340.6 million as a sign that underlying profitability is healthier than it was. The more bearish read focuses on the fact that such a large one off loss is embedded in recent history, which makes it harder to read the TTM jump as a steady, repeatable run rate.    P/E of 20.9x sits below chip peers  Qorvo is trading on a trailing P/E of 20.9x, compared with 42x for the wider US Semiconductor industry and 25.3x for its peer group, while the provided DCF fair value of US$73.12 sits below the current US$77.18 share price. What is interesting for both bullish and bearish investors is how these valuation markers point in different directions at the same time:\n     Supportive investors can argue that a P/E discount to both the industry and peers looks consistent with the recent profit rebound, especially with earnings forecast to grow about 13.7% a year. More cautious holders may focus on the DCF fair value being below the market price and the 49.8% five year earnings decline, using those figures to question how much of the recent improvement is already reflected in today’s valuation.     Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Qorvo's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. See What Else Is Out There Qorvo’s earnings rebound still sits against a 49.8% five year earnings decline, a modest 2.1% revenue growth forecast and questions over how durable the recovery is. If that mix of uncertain momentum and valuation tension feels uncomfortable, you can instead focus on stable growth stocks screener (2168 results) to find companies with steadier and more predictable earnings tracks right now.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Qorvo might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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