Stock Pulse
Qorvo (QRVO) reported Q4 revenue of $916.3 million, exceeding expectations despite a 14.7% year-over-year decline [5], [6], [7]. The company also beat EPS and adjusted operating income estimates, and expects double-digit growth in its High-Performance Analog (HPA) and Connectivity Solutions Group (CSG) segments by fiscal 2025 [5]. Despite positive Q4 results, the stock price has declined, possibly reflecting broader market concerns [3], [5], [6], [7]. Starboard Value LP increased its ownership stake in Qorvo to approximately 13% [8]. While Zacks ranks Qorvo as a buy [1], another analysis raises concerns about sluggish revenue growth and declining operating and free cash flow margins [2]. Qorvo's upcoming earnings report on April 29th will be a key driver for its stock performance [1].