New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Jun 29
Qorvo, Inc., Annual General Meeting, Aug 11, 2026 Qorvo, Inc., Annual General Meeting, Aug 11, 2026. Location: the renaissance dallas, at plano legacy west hotel, 6007 legacy drive, plano, tx 75024, United States Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €97.86, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 41x in the Semiconductor industry in Europe. Total returns to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €87.29 per share. New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • May 06
Full year 2026 earnings released: EPS: US$3.66 (vs US$0.59 in FY 2025) Full year 2026 results: EPS: US$3.66 (up from US$0.59 in FY 2025). Revenue: US$3.68b (down 1.1% from FY 2025). Net income: US$339.0m (up US$283.4m from FY 2025). Profit margin: 9.2% (up from 1.5% in FY 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Buy Or Sell Opportunity • Apr 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to €75.36. The fair value is estimated to be €62.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Apr 21
Qorvo, Inc. to Report Q4, 2026 Results on May 05, 2026 Qorvo, Inc. announced that they will report Q4, 2026 results at 4:00 PM, US Eastern Standard Time on May 05, 2026 Reported Earnings • Jan 28
Third quarter 2026 earnings released: EPS: US$1.77 (vs US$0.44 in 3Q 2025) Third quarter 2026 results: EPS: US$1.77 (up from US$0.44 in 3Q 2025). Revenue: US$993.0m (up 8.4% from 3Q 2025). Net income: US$164.1m (up 298% from 3Q 2025). Profit margin: 17% (up from 4.5% in 3Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Announcement • Jan 28
Qorvo, Inc. Provides Earnings Guidance for the Fourth Quarter Ended March 2026 Qorvo, Inc. provided earnings guidance for the fourth quarter ended March 2026. For the period, the company expects quarterly revenue of approximately $800 million, plus or minus $25 million. Announcement • Jan 13
Qorvo, Inc. to Report Q3, 2026 Results on Jan 27, 2026 Qorvo, Inc. announced that they will report Q3, 2026 results at 4:00 PM, US Eastern Standard Time on Jan 27, 2026 Buy Or Sell Opportunity • Dec 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to €78.67. The fair value is estimated to be €65.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 04
Second quarter 2026 earnings released: EPS: US$1.29 (vs US$0.18 loss in 2Q 2025) Second quarter 2026 results: EPS: US$1.29 (up from US$0.18 loss in 2Q 2025). Revenue: US$1.06b (up 1.1% from 2Q 2025). Net income: US$119.6m (up US$137.0m from 2Q 2025). Profit margin: 11% (up from net loss in 2Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Semiconductor industry in Europe. Announcement • Nov 04
Qorvo, Inc. Provides Earnings Guidance for the Quarter Ending December 2025 Qorvo, Inc. provided earnings guidance for the quarter ending December 2025. For the period, the company expects revenue of $985 million plus or minus $50 million. Announcement • Oct 28
Skyworks Solutions, Inc. (NasdaqGS:SWKS) entered into an Agreement and Plan of Merger to acquire Qorvo, Inc. (NasdaqGS:QRVO) from Starboard Value LP and others for approximately $10.1 billion. Skyworks Solutions, Inc. (NasdaqGS:SWKS) entered into an Agreement and Plan of Merger to acquire Qorvo, Inc. (NasdaqGS:QRVO) from Starboard Value LP and others for approximately $10.1 billion on October 27, 2025. Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at the close of the transaction. Upon closing, Skyworks shareholders will own approximately 63 percent of the combined company, while Qorvo shareholders will own approximately 37 percent, on a fully-diluted basis. Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company. The combined company's Board of Directors will comprise 11 directors, eight from Skyworks and three from Qorvo. Skyworks plans to fund the cash portion of the transaction using a combination of cash on hand and additional financing. Skyworks has obtained debt financing commitments from Goldman Sachs Bank USA. The transaction is not subject to any financing conditions. Buy and sell side termination fee is $298,692,098.
The Boards of Directors of both companies have unanimously approved the transaction and is subject to the receipt of required regulatory approvals, approval of Skyworks shareholders and Qorvo shareholders, the expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the effectiveness of the registration statement and the satisfaction of other customary closing conditions. The transaction is expected to close in early calendar year 2027.
Qatalyst Partners, L.P. and Goldman Sachs & Co. LLC are serving as financial advisors to Skyworks. Qatalyst Partners, L.P. acted as fairness opinion provider to Skyworks. Kenton J. King and Sonia K. Nijjar of Skadden, Arps, Slate, Meagher & Flom LLP is serving as Skyworks’ legal advisor. FGS Global is serving as Skyworks’ strategic communications advisor. Centerview Partners LLC is serving as exclusive financial advisor and fairness opinion provider to Qorvo. Paul S. Scrivano, Cheryl Chan, Jennifer S. Conway, Charlotte R. Fabiani, Howard Shelanski, Hilary Dengel, Corey M. Goodman of Davis Polk & Wardwell LLP is serving as Qorvo’s legal advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as Qorvo’s strategic communications advisor. Spencer Klein of Morrison & Foerster LLP represented Qatalyst Partners, L.P. as financial advisor. Announcement • Oct 21
Qorvo, Inc. to Report Q2, 2026 Results on Nov 03, 2025 Qorvo, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2025 Announcement • Aug 16
Qorvo, Inc. Elects Peter A. Feld as Director Qorvo, Inc. at the Annual Meeting held on August 13, 2025, the stockholders of the Company elected Peter A. Feld as director to serve a one-year term and until their respective successors are duly elected and qualified or until their earlier resignation or removal. Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: US$0.28 (vs US$0.004 in 1Q 2025) First quarter 2026 results: EPS: US$0.28 (up from US$0.004 in 1Q 2025). Revenue: US$818.8m (down 7.7% from 1Q 2025). Net income: US$25.6m (up US$25.2m from 1Q 2025). Profit margin: 3.1% (up from 0% in 1Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Announcement • Jul 30
Qorvo, Inc. Provides Earnings Guidance for the Second Quarter Ending September 2025 Qorvo, Inc. provided earnings guidance for the second quarter ending September 2025. For the period, the company expects Quarterly revenue of approximately $1.025 billion, plus or minus $50 million. Announcement • Jul 16
Qorvo, Inc. to Report Q1, 2026 Results on Jul 19, 2025 Qorvo, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Jul 19, 2025 Announcement • Jun 27
Qorvo, Inc., Annual General Meeting, Aug 13, 2025 Qorvo, Inc., Annual General Meeting, Aug 13, 2025. Location: renaissance dallas, plano legacy west hotel, 6007 legacy drive, tx 75024, plano United States Buy Or Sell Opportunity • Jun 13
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €69.64. The fair value is estimated to be €87.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Reported Earnings • May 20
Full year 2025 earnings released: EPS: US$0.59 (vs US$0.72 loss in FY 2024) Full year 2025 results: EPS: US$0.59 (up from US$0.72 loss in FY 2024). Revenue: US$3.72b (down 1.3% from FY 2024). Net income: US$55.6m (up US$125.9m from FY 2024). Profit margin: 1.5% (up from net loss in FY 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Semiconductor industry in Europe. Buy Or Sell Opportunity • May 19
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €69.48. The fair value is estimated to be €88.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Announcement • Apr 30
Qorvo, Inc. Provides Earnings Guidance for the Quarter Ending June 2025 Qorvo, Inc. provided earnings guidance for the quarter ending June 2025. For the period the company expects Quarterly revenue of approximately $775 million, plus or minus $25 million. 
