Exhibit 99.2 Q2 FY25 Letter to Shareholders November 4, 2024 November 4, 2024 Dear Shareholders, In Q2 FY25, Cirrus Logic delivered record revenue and EPS for the September quarter, driven by strong demand for products shipping into smartphones and a higher-volume production week associated with typical seasonal product ramps. Revenue was $541.9 million, up 45 percent quarter over quarter and up 13 percent year over year. GAAP and non-GAAP operating profit were 24.3 percent and 28.8 percent, respectively, w ...

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 September 28, 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 o ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style ...

The strong demand for generative AI smartphones and this company's tight relationship with a key smartphone manufacturer point toward better times.Nvidia stock has been in stellar form on the market over the past couple of years thanks to the proliferation of artificial intelligence (AI), as the robust demand for the company's graphics cards that are deployed in data centers has led to outstanding growth in its revenue and earnings.Nvidia's dominant position in the AI chip market explains why its shares hav ...

Cirrus Logic (CRUS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

Core Viewpoint - Cirrus Logic, Inc. (CRUS) has demonstrated strong stock performance, gaining 45.4% over the past six months, significantly outperforming its sub-industry and major indices [1][2]. Financial Performance - The company's earnings have consistently exceeded the Zacks Consensus Estimate over the last four quarters, with an average surprise of 56.6% [3]. - For the second quarter of fiscal 2025, management anticipates revenues between $490 million and $550 million, with a Zacks Consensus Estimate of $520 million, reflecting an 8.1% year-over-year increase [5]. Product Development and Market Demand - CRUS is experiencing increased demand for its products, particularly in the smartphone market, and is ramping up production of new technologies ahead of upcoming smartphone launches [3]. - The company launched a new lineup of digital-to-analog converters and an ultra-high-performance audio CODEC aimed at recording artists and audiophiles, which are expected to enhance performance significantly [4]. Market Expansion and Future Projections - The company is focusing on product innovation and expanding into new markets, with expectations that the High-Performance Mixed-Signal and Audio Serviceable Available Market (SAM) will exceed $5.7 billion and $3.3 billion, respectively, by 2028 [4]. Financial Health and Shareholder Returns - As of June 29, 2024, CRUS had cash and cash equivalents of $491.4 million and no long-term debt, positioning the company well for strategic acquisitions and shareholder distributions [6]. - The company has been active in share repurchase, buying back 361,218 shares worth $41 million in the last reported quarter, with $274.1 million remaining under its repurchase authorization [6]. Valuation Metrics - CRUS stock is currently trading at a forward 12-month price/earnings multiple of 18.45, which is lower than the industry average of 32.1, indicating a potential investment opportunity [8]. Analyst Sentiment - Despite some downward revisions in earnings estimates, the increasing business pipeline and attractive valuation make CRUS a compelling investment opportunity, supported by a Zacks Rank 1 (Strong Buy) and a Growth Score of A [10].

Cirrus Logic, Inc.'s (NASDAQ: CRUS ) price recently dropped based on what now appears to be short-sided news reports. The news was mixed, most of it very positive. The few negative reports, one from ming-Kuo and two from Barclays, drove theI 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 proc ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Cirrus Logic (CRUS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Cirrus Logic is a member of the Computer and Technology sector. This group includes 621 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector ...

Core Viewpoint - Cirrus Logic, Inc. (CRUS) has experienced significant stock growth, outperforming the S&P 500 and its sub-industry, driven by strong financial performance and product innovation [1][2]. Financial Performance - CRUS stock has gained 89.3% over the past year, compared to 23.7% for the S&P 500 and 58.5% for its sub-industry [1]. - The company reported total revenues of $374 million in the last quarter, exceeding the Zacks Consensus Estimate by 17.7% and showing an 18% year-over-year increase [2]. - Earnings have consistently surpassed estimates, with an average surprise of 56.6% over the last four quarters [2]. Product Development and Market Expansion - CRUS is ramping up production of its custom boosted amplifier and 22-nanometer smart codec in anticipation of upcoming smartphone launches [3]. - The company launched a new lineup of digital-to-analog converters (DACs) and an ultra-high-performance audio CODEC in June 2024, targeting recording artists and audiophiles [4][5]. - The High-Performance Mixed-Signal and Audio Serviceable Available Market (SAM) is expected to exceed $5.7 billion and $3.3 billion by 2028, respectively [5]. Future Outlook - For the second quarter of fiscal 2025, CRUS expects revenues between $490 million and $550 million, with a Zacks Consensus Estimate of $520 million, reflecting an 8.1% year-over-year increase [6]. - Analysts have raised their estimates for the current quarter and year by 17.7% and 8.6%, respectively, in the past 60 days [6]. Balance Sheet Strength - As of June 29, 2024, CRUS had cash and cash equivalents of $491.4 million and no long-term debt, allowing for strategic acquisitions and shareholder distributions [7]. - The company repurchased 361,218 shares worth $41 million in the last quarter, with $274.1 million remaining under its share repurchase authorization [7]. Challenges - Increasing expenses, particularly in variable compensation and product development, may impact margin performance [8]. - The company faces competition and volatile foreign exchange movements amid uncertain macroeconomic conditions [8].

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 ...