Qorvo Inc

QRVO has formed a blow-off top exhaustion at the prior resistance region with a long upper wick and standout volume, leaving price extended well above rising EMAs and into extreme overbought territory, which warrants initiating a short entry now on the rejection zone near recent highs.

• ↑Q3 FY26 non-GAAP gross margin improved to 49.1%, with management targeting >50%.
• ↑Adjusted EPS of $2.17 outperformed the $1.20 estimate, signaling efficiency gains.
• ↓Android exit drives a ~9% Q3 revenue decline and costs ~$300M in FY27 revenue.