Qorvo shares plunge on weak Q4 forecast; brokerages cut PT

Qorvo

28/01/2026 13:50

**  Shares of Qorvo QRVO.O fall 9.8% to $74.70 premarket after the chipmaker forecasts Q4 revenue and profit below Wall Street estimates

** At least four brokerages cut PT on the stock

** Brokerages say QRVO is simultaneously losing Apple AAPL.O share and rapidly shrinking its Android business, which could result in declining revenues

** "QRVO is being forced to take the plunge in near-term revenues in order to exit its lower-end Android businesses," says Piper Sandler

** "QRVO is experiencing share loss in the ultra-high band pads at its largest customer in upcoming phone models" - Piper Sandler

** Shares of larger rival Skyworks Solutions SWKS.O also plunge 10.9% to $53.50 in premarket trading; SWKS is in the process of acquiring QRVO

** Four of 25 brokerages rate QRVO "buy" or higher, 21 "hold"; their median PT is $86 - data compiled by LSEG

** Up to Tuesday's close, QRVO had fallen about 2% YTD, following a 20.8% rise in 2025

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))