
Qorvo is optimizing margins and cash flow despite ongoing revenue contraction, with FY2027 EPS expected above $7.00 and gross margin above 50%. The HPA segment is the primary growth driver, expanding 50.1% year-on-year, but it remains too small to offset mobile concentration risks. QRVO's valuation appears modest at 13x forward earnings, but upside is capped by the pending Skyworks merger, offering only a 6.3% gross spread at current prices.










