Cirrus Logic (CRUS) Reliance on International Sales: What Investors Need to Know

Core Insights - Cirrus Logic (CRUS) reported total revenue of $374.03 million for the quarter ending June 2024, reflecting an 18% increase from the previous year [2][3] International Revenue Trends - Revenue from China was $205.71 million, accounting for 55.0% of total revenue, which was a surprise increase of 7.09% compared to analyst expectations of $192.09 million [3] - The Rest of World segment contributed $163.1 million, or 43.6% of total revenue, exceeding expectations by 38.08% as analysts anticipated $118.12 million [3] - In the previous quarter, China contributed $215.14 million (57.9%) and the Rest of World contributed $154.87 million (41.7%) [3] Future Revenue Projections - Analysts forecast total revenue of $520 million for the current fiscal quarter, an 8.1% increase from the prior year, with expected contributions of 56.1% from China ($291.51 million) and 34% from Rest of World ($176.79 million) [4] - For the full year, total revenue is projected to be $1.79 billion, a 0.2% increase from the previous year, with China expected to contribute 59.3% ($1.06 billion) and Rest of World 35.9% ($643.24 million) [4] Conclusion on International Market Reliance - Cirrus Logic's reliance on international markets presents both opportunities and challenges, making it crucial to monitor international revenue trends for future projections [5] - Analysts emphasize the importance of these trends in refining earnings estimates, which can significantly impact stock prices [5]