Core Insights - Cirrus Logic, Inc. reported better-than-expected earnings for the second quarter, with earnings of $2.83 per share, surpassing the analyst consensus estimate of $2.37 per share [1] - The company achieved quarterly sales of $560.960 million, exceeding the analyst consensus estimate of $540.385 million [1] - For the third quarter, Cirrus Logic anticipates sales between $500.000 million and $560.000 million, compared to estimates of $508.763 million [1] Company Performance - The September quarter saw record revenue driven by strong demand for components used in smartphones, as stated by the CEO John Forsyth [2] - Following the earnings announcement, Cirrus Logic shares fell by 1.2%, closing at $129.63 [2] Analyst Ratings - Keybanc analyst John Vinh maintained an Overweight rating on Cirrus Logic and raised the price target from $135 to $150 [4] - Stifel analyst Tore Svanberg also maintained a Buy rating and increased the price target from $140 to $150 [4]

Core Insights - Cirrus Logic, Inc. (CRUS) is a leading supplier in low-power, high-precision mixed-signal processing solutions, primarily serving the audio and voice signal processing markets with a focus on smartphone components [1] Financial Performance - CRUS reported earnings per share of $2.83, exceeding the estimated $2.37 [2][6] - The company achieved record revenue of $561 million for Q2 of fiscal year 2026, surpassing estimates of $540.5 million, driven by strong demand for smartphone components [2][6] Market Valuation - The company has a price-to-earnings (P/E) ratio of approximately 19.15, indicating a healthy market perception of its earnings [3][6] - The price-to-sales ratio is about 3.45, reflecting the market's valuation of its revenue [3][6] Financial Ratios - The enterprise value to sales ratio is roughly 3.24, showing that Cirrus Logic's enterprise value is slightly lower than its market capitalization [4] - The enterprise value to operating cash flow ratio is around 13.20, indicating how the company's cash flow is valued relative to its enterprise value [4] - The earnings yield is approximately 5.22%, providing insight into the earnings generated per dollar invested [4] Capital Structure and Liquidity - Cirrus Logic maintains a low debt-to-equity ratio of 0.073, indicating minimal reliance on debt [5] - The current ratio of 6.58 suggests strong liquidity, ensuring the company can effectively cover short-term liabilities [5]

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