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 ...

For the Transition Period from ____ to ____ Commission File Number 0-17795 CIRRUS LOGIC, INC. (Exact name of registrant as specified in its charter) 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 | Title of each class | Trading Symbol | Name of each e ...

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 non- GAAP 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 ne ...

The semiconductor industry’s global sales are gaining momentum. The Semiconductor Industry Association recently reported a 1.7% month-over-month increase and 18.3% year-over-year growth in global semiconductor sales, reaching $50 billion in May.Year-over-year growth was strongest in the Americas, with sales jumping 42.8%, trailed by China and Asia Pacific/All Other, sales of which increased 21.6% and 12.7%, respectively.In the second quarter of 2024, global sales increased 18.3% year over year and 6.5% sequ ...

An optimistic note from a Wall Street analyst lifted Cirrus and other chip stocks, too.Shares of audio mixed-signal chipmaker Cirrus Logic (CRUS 3.86%) were rising on Tuesday, up as much as 6.3% at one point before pulling back to a 4.1% gain as of 2:30 p.m. ET. Cirrus rose on the back of a positive analyst note, which had good news for this smartphone-related chipmaker, as well as others.Keybanc's checks leave its chip analyst optimisticIn a research note published today, Keybanc analyst John Vinh raised h ...

A turnaround in the fortunes of its largest customer could help this chipmaker deliver more upside.Share prices of Cirrus Logic (CRUS -0.04%) have been in fine form so far in 2024, clocking gains of 48% as Wall Street turns bullish on the chipmaker's prospects. The market is excited about a turnaround in the smartphone market, its solid quarterly results, and a potential improvement in the fortunes of its largest customer -- Apple (AAPL 0.40%).After all, Cirrus is highly reliant on Apple for a major chunk o ...

Cirrus Logic Inc. (CRUS) recently launched its latest lineup of digital-to-analog converters (DACs) and an ultra-high-performance audio CODEC. These innovative solutions are specifically crafted for recording artists, live performers and audiophiles, delivering uncompromising sound quality and exceptional performance.The new additions to the Pro Audio family include the 8-channel DAC CS4308P, 4-channel CS4304P, 2-channel CS4302P and CODEC CS4282P. These devices offer top-notch performance, minimal power con ...

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Try Media/iStock via Getty Images With our past coverage of Cirrus Logic (NASDAQ:CRUS) noting revenue forecasting for 2024 in Cirrus Logic Beats Wall Street Again And More, we offer an update drawing from a significant level of new and important information. Cirrus held two conferences confirming ASP increases with new iPhones launching in September plus continued ASP growth over the next few years. The road ahead appears clearly labeled and bright. Shall we go for a drive? What kind do you favor, a thrill ...

A month has gone by since the last earnings report for Cirrus Logic (CRUS) . Shares have added about 14.4% 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 drivers. Cirrus Logic Q4 Earnings Top EstimatesCirrus Logic ...