Qorvo Discontinues Guidance Ahead of Q4 Earnings, Analysts Slash Price Target to $66
Qorvo has discontinued conference calls and forward guidance ahead of its May 5 Q4 2026 earnings release due to its pending Skyworks merger. Wolfe Research cut its rating to Peer Perform and Mizuho lowered its to Underperform while trimming its price target to $66.
1. Conference Calls and Guidance Halted
Qorvo announced that, due to its pending transaction with Skyworks Solutions, it has discontinued its customary post-earnings conference call and the issuance of forward-looking guidance around the fiscal Q4 2026 results scheduled for May 5.
2. Analyst Downgrades and Price Target Cuts
Wolfe Research downgraded Qorvo from Outperform to Peer Perform, citing uncertainty from the pending deal, while Mizuho moved to Underperform and trimmed its price target from $70 to $66 amid caution over near-term integration risks.
3. Transaction Impact and Financial Position
The proposed merger with Skyworks aims to create a leading U.S.-based RF, analog and mixed-signal semiconductor company; current market metrics show a 3.67 current ratio, 0.42 debt-to-equity and a trailing P/E in the low-20s.