A month has gone by since the last earnings report for Cirrus Logic (CRUS) . Shares have added about 11.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cirrus Logic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Cirrus Logic Q1 Earnings & Revenues BeatCirrus L ...

This chipmaker is set to capitalize on the growing demand for AI smartphones thanks to its largest customer.Semiconductor specialist Cirrus Logic (CRUS 3.35%) may not be a household name like some of its industry peers, but the company has done impressively well on the market so far this year with gains of 69% as of this writing.Cirrus, which is known for supplying chips for Apple's (NASDAQ: AAPL) products, has outpaced the broader Nasdaq-100 Technology Sector index's gains of 10% by a big margin. The good ...

Cirrus Logic, Inc.’s (CRUS) stock is continuing its upward trajectory, with a gain of 58.7% year to date (YTD) compared with 12.3% and 12.7% growth of the S&P 500 composite and the sub-industry, respectively.The stock is down 7.5% from its 52-week high level of $142.83, reflecting further potential upside.Cirrus Logic is a fabless semiconductor supplier that develops low-power, high-precision mixed-signal processing solutions.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy ...

Did you analyze how Cirrus Logic (CRUS) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this chipmaker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for inve ...

Cirrus Logic Inc. (CRUS) reported first-quarter fiscal 2025 adjusted earnings per share (EPS) of $1.12, which surpassed the Zacks Consensus Estimate by 80.7%. Also, the bottom line expanded 67.2% from the prior-year quarter’s 67 cents.Total revenues of $374 million beat the Zacks Consensus Estimate by 17.7% and soared 18% year over year. The uptick was driven primarily by stronger-than-anticipated shipments into the smartphone market. The company’s largest customer accounted for 88% of total revenues in the ...

Cirrus Logic, Inc. (NASDAQ:CRUS) Q1 2025 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Chelsea Heffernan - Vice President of Investor Relations John Forsyth - Chief Executive Officer Ulf Habermann - Interim Chief Financial Officer Conference Call Participants Thomas O'Malley - Barclays Capital Matt Ramsay - TD Cowen David Williams - The Benchmark Company Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic First Quarter Fiscal Year 2025 Financial Re ...

Cirrus Logic (CRUS) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80.65%. A quarter ago, it was expected that this chipmaker would post earnings of $0.67 per share when it actually produced earnings of $1.24, delivering a surprise of 85.07%.Over the last four quarters, the company h ...

Investor Relations Update As of August 6, 2024 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 grow the percent revenue derived from high-performance mixed-signal (HPMS) solutions beyond audio; our ability to fuel product and application diversification; our ability to maintain our leadership position in smartphone au ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 ☐ 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 (State or other jurisdiction of inc ...

Exhibit 99.2 Q1 FY25 Letter to Shareholders August 6, 2024 August 6, 2024 Dear Shareholders, In Q1 FY25, Cirrus Logic delivered revenue of $374.0 million, up 18% year over year. Revenue was above the top end of our guidance range due to stronger-than-expected shipments into smartphones. GAAP and nonGAAP operating profit were 12.5 percent and 19.0 percent, respectively, while GAAP and non-GAAP earnings per share were $0.76 and $1.12, respectively. During the quarter, we started ramping production of our new ...