Qorvo Inc.


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SKU: QRVO-1 Category:


Qorvo delivered a strong performance in the last quarter with an all-around beat. One of the major drivers of the company’s good performance is cellular applications where it is well positioned with an outlook of long-term that is supported by integration trends and growing content. For Matter-enabled applications, Qorvo launched an innovative development kit for the connected and gateway devices. In biosensors, Qorvo obtained FDA emergency use authorization of its platform Omnia diagnostic test using BAW technology for the detection of Covid-19 antigen. Qorvo also secured a win of silicon carbide with a prominent solar inverter manufacturer. It also started a strategic alliance with a bug U.S. defense prime for assembly and package development. The management has recently announced the launch of a 20W GaN-on-SiC PA (power amplifier) for commercial and defense satellite applications, which includes low earth orbit constellations. In mobile products, the company expanded its content in an OEM that is Korean-based. Qorvo also received its foremost production order for the antenna solution that is MEMS-based in support of the high-end gaming smartphone. In ultra-wideband, the company finished MFI certification of the interoperability of its ultra-wideband solutions with the U1 chip of Apple used in Apple Watch models and iPhone. We provide the stock of Qorvo with a ‘Hold’ rating and a revision in the target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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