Qorvo, Inc.
QRVO · Technology · $7.5B mkt cap · FY2026 filings · Shallow moat ·
Doesn't clear the bar
The four filters
Median gross margin 40.1% over 10y, stable.
Median ROIC 4.4%, above the 9% hurdle in 40% of years.
Net debt/EBITDA n/ax, interest coverage 6x.
Owner earnings trend unclear, share count shrinking (buybacks).
Margin of safety
- Owner earnings (normalized)
- —
- Est. intrinsic value / share
- —
- Recent price
- $85.50
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
15 years of fundamentals
The business, in plain English
Qorvo, Inc. booked $3.7B of revenue in FY2026 in the Technology sector and kept 45.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 9.2% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $964.1M (FY2013) to $3.7B (FY2026) — about 10.8% a year compounded over 13 years.
It earned 16.5% on invested capital in FY2026, with a median of 2.5% across 14 filed years. The Returns on Capital filter above scores it 14/100.
The balance sheet carried $1.5B of total debt in FY2025. Balance-Sheet Safety scores it 37/100.
The share count rose 25.3% between FY2013 and FY2026 — existing owners have been diluted over the record. Capital Discipline scores it 64/100.
Put together: Capital Discipline is the strongest of the four filters (64/100) and Returns on Capital the weakest (14/100), which is how QRVO lands at 43/100 — a Shallow moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in QRVO’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
None yet — QRVO has read Shallow moat for every logged capture since Jul 17, 2026.
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Technology context
#286 of 532 scored Technology companies, ranked by Moat Score.
Nearest peers by Moat Score
- #284AMN AMN HEALTHCARE SERVICES, INC.42.7 out of 100, Shallow moatShallow moat
- #285OOMA Ooma, Inc.42.7 out of 100, Shallow moatShallow moat
- #287RBA RB Global, Inc42.4 out of 100, Shallow moatShallow moat
- #288CRVW CareView Communications Inc42.4 out of 100, Shallow moatShallow moat
Compare QRVO with its nearest peers →All Technology companies on the Index →
Common questions about QRVO
- Does Qorvo, Inc. have an economic moat?
- Based on its FY2026 SEC filings, the Moat Index scores Qorvo, Inc. (QRVO) 42.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 61, returns on capital 14, balance-sheet safety 37, capital discipline 64.
- How has QRVO's Moat Score changed over time?
- The record logs 3 readings since Jul 17, 2026; the latest reads 42.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.