I have been an investor for several decades enduring the 87 crash, 2000 crash, and 08 crash. I do use trading systems developed with TradeStation. I have enjoyed the rewards from both buy and hold and trading. My professional experiences includes several decades as a process control engineer. I hold a JD from an eastern law school.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRUS either through stock ownership, options, or other derivatives. I wrote this article myself, and it ...

U.S. stocks were mixed, with the Dow Jones index gaining more than 250 points on Wednesday.Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.Cirrus Logic reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.44 per share. The company reported quarterly sales of $580.620 million which beat the analyst ...

Key Takeaways CRUS posted Q3 FY26 adjusted EPS of $2.97, beating estimates, as revenue rose 24.7% to $580.6 million.CRUS revenue exceeded guidance on strong smartphone component demand and higher shipments.CRUS boosted diversification by sampling AI PC components and adding prosumer and automotive product families.Cirrus Logic, Inc. (CRUS) reported third-quarter fiscal 2026 adjusted earnings per share (EPS) of $2.97, which surpassed the Zacks Consensus Estimate of $2.42. The company reported adjusted EPS of ...

Cirrus Logic Inc (NASDAQ:CRUS) reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates on Tuesday.Cirrus Logic reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.44 per share. The company reported quarterly sales of $580.620 million which beat the analyst consensus estimate of $533.890 million.Cirrus Logic said it sees fourth-quarter sales of $410.000 million to $470.000 million, versus market estimate ...

Cirrus Logic (CRUS) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +22.85%. A quarter ago, it was expected that this chipmaker would post earnings of $2.4 per share when it actually produced earnings of $2.83, delivering a surprise of +17.92%.Over the last four quarters, the company ...

Cirrus Logic (NasdaqGS:CRUS) Q3 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsAlek Valero - Equity Research AnalysChelsea Heffernan - VP of Investor RelationsDavid Williams - Municipal Bond Trader and UnderwriterJeff Woolard - CFOJohn Forsyth - CEOConference Call ParticipantsDylan Olivier - AnalystTore Svanberg - Managing Director and Senior AnalystOperatorLadies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic third quarter fiscal year 2026 financial results Q&A ...

Financial Data and Key Metrics Changes - Cirrus Logic reported revenue of $580.6 million for Q3 fiscal 2026, exceeding the top end of guidance, driven by strong demand for smartphone components and a favorable mix of end devices [4][12] - On a sequential basis, revenue increased by 4%, attributed to higher smartphone unit volumes, while year-over-year sales also rose by 4% [12] - Non-GAAP gross profit was $308.2 million with a gross margin of 53.1%, reflecting a 60 basis points increase sequentially but a 50 basis points decrease year-over-year [12][13] - Non-GAAP net income reached $156.7 million, resulting in record earnings per share of $2.97 for the quarter [14] Business Line Data and Key Metrics Changes - The flagship smartphone audio business experienced strong demand for new products, including a custom-boosted amplifier and a 22-nm smart codec, contributing to sustained revenue [6][8] - In the high-performance mixed-signal business, customer engagement remained strong, particularly for camera controller products, with ongoing R&D investments in battery and power applications [7][10] - The general market business faced challenges, with a decline in revenue attributed to a strategic shift away from Android and aging products reaching end-of-life [28][30] Market Data and Key Metrics Changes - The company is expanding its footprint in the PC market, with significant progress in ramping shipments of amplifiers and codecs for mainstream PC platforms [8][9] - Interest in new components for AI-enabled PCs is strong, with expectations for revenue growth from these products in the coming years [24][25] - The automotive market is seen as a growth opportunity, with new haptic components announced, although revenue contributions are not yet specified [39][40] Company Strategy and Development Direction - Cirrus Logic's long-term growth strategy focuses on maintaining leadership in smartphone audio, expanding mixed-signal solutions, and leveraging expertise in new markets [5][6] - The company aims to diversify its product portfolio and drive growth in new applications, particularly in PCs and automotive sectors [10][11] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for smartphone components and the potential for growth in the PC and automotive markets [4][39] - The company does not foresee major supply constraints impacting operations or outlook, indicating a stable supply chain management approach [37] - Future revenue from new technologies, such as voice interfaces for AI, is anticipated to materialize in calendar years 2027 and 2028 [24][25] Other Important Information - Cirrus Logic ended the quarter with $1.08 billion in cash and investments, up $185.9 million from the prior quarter, and has no outstanding debt [14][15] - The company utilized $70 million for share repurchases during the quarter, with $344.1 million remaining on its repurchase authorization [15][16] Q&A Session Summary Question: Insights on the revenue beat and guidance for the March quarter - Management noted that the revenue beat was due to being further away from the peak than initially anticipated, with a favorable mix contributing to the results [21] Question: Revenue expectations from voice interface technology - Management indicated that the voice product targeting PCs is expected to generate revenue in 2027 and 2028, with strong interest from OEMs [24] Question: Decline in revenue outside the largest customer - Management explained that the high percentage of revenue from the largest customer was due to a strong product launch, while general market revenue faced headwinds from strategic shifts and aging products [28][30] Question: Guidance on PC revenue opportunities - Management expects PC revenue to roughly double in fiscal 2026, with strong growth momentum anticipated into fiscal 2027 [33] Question: Supply constraints impacting outlook - Management confirmed no current supply constraints, indicating effective capacity management [37] Question: Automotive market revenue contributions - Management did not provide specific revenue targets but highlighted a significant market opportunity in automotive haptics and related technologies [39][40]

Cirrus Logic (NasdaqGS:CRUS) Q3 2026 Earnings call February 03, 2026 05:00 PM ET Speaker5Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic third quarter fiscal year 2026 financial results Q&A session. At this time, all participants are in a listen-only mode. After a brief statement, we will open up the call for questions from analysts. Instructions for queuing up will be provided at that time. As a reminder, this conference call is being recorded for replay purposes. I would now l ...

Investor Relations Update As of February 3, 2026 Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain forward-looking statements, including industry market projections; our revenue growth opportunities; our ability to fuel product and application diversification; our ability to maintain our leadership position in smartphone audio; our ability to increase HPMS content in smartphones; our ability to leverage our strength in audio and HPMS ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission File Number 0-17795 CIRRUS LOGIC, INC. (Exact name of registrant as specified in its charter) | Delaware | | | 77-0024818 | | --- | --- | --- | - ...