CRUS Stock - Cirrus Logic, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B |
| Gross Profit | $996.04M | $916.07M | $956.98M | $923.64M | $707.30M |
| Gross Margin | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% |
| Operating Income | $410.36M | $343.47M | $249.03M | $366.34M | $237.18M |
| Net Income | $331.51M | $274.57M | $176.70M | $326.36M | $217.34M |
| Net Margin | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% |
| EPS | $6.24 | $5.06 | $3.18 | $5.70 | $3.74 |
Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processer; boosted amplifiers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, hearing augmentation, and active noise cancellation. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs used in various industrial and energy applications comprising digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 5th 2025 | The Benchmark Company | Upgrade | Buy | - |
| November 12th 2024 | Loop Capital | Resumed | Buy | $130 |
| October 10th 2024 | Barclays | Downgrade | Equal Weight | $120← $140 |
| May 16th 2024 | The Benchmark Company | Downgrade | Hold | - |
| May 8th 2024 | TD Cowen | Reiterated | Buy | $115← $100 |
| February 7th 2024 | TD Cowen | Reiterated | Outperform | $100← $90 |
| November 1st 2023 | Loop Capital | Upgrade | Buy | $100← $83 |
| May 22nd 2023 | Loop Capital | Downgrade | Hold | $80← $92 |
| May 5th 2023 | TD Cowen | Reiterated | Outperform | $100← $110 |
| April 24th 2023 | KeyBanc Capital Markets | Reiterated | Overweight | $110← $120 |
Earnings History & Surprises
CRUSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $2.37 | — | — | — |
Q4 2025 | Nov 4, 2025 | $2.37 | $2.83 | +19.4% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $1.07 | $1.51 | +41.1% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $1.15 | $1.67 | +45.2% | ✓ BEAT |
Q1 2025 | Feb 4, 2025 | $2.36 | $2.51 | +6.4% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $2.02 | $2.25 | +11.4% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.62 | $1.12 | +80.6% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $0.67 | $1.24 | +85.1% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $2.01 | $2.89 | +43.8% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $1.54 | $1.80 | +16.9% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.41 | $0.67 | +63.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.83 | $0.92 | +10.8% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $1.99 | $2.40 | +20.6% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $1.44 | $1.99 | +38.2% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.85 | $1.12 | +31.8% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $1.40 | $2.01 | +43.6% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $2.14 | $2.54 | +18.7% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $1.63 | $1.82 | +11.7% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $0.39 | $0.54 | +38.5% | ✓ BEAT |
Latest News
Shares of companies in the broader chip sector are trading nigher, rebounding after Thursday's weakness. Additionally, stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveBarclays Maintains Equal-Weight on Cirrus Logic, Raises Price Target to $95
📈 PositiveBenchmark Maintains Buy on Cirrus Logic, Raises Price Target to $150
📈 PositiveStifel Maintains Buy on Cirrus Logic, Raises Price Target to $150
📈 PositiveKeybanc Maintains Overweight on Cirrus Logic, Raises Price Target to $150
📈 PositiveCirrus Logic Sees Q3 Sales $500.000M-$560.000M vs $508.763M Est
📈 PositiveCirrus Logic Q2 Adj. EPS $2.83 Beats $2.37 Estimate, Sales $560.960M Beat $540.385M Estimate
📈 PositiveSusquehanna Maintains Positive on Cirrus Logic, Raises Price Target to $155
📈 PositiveStifel Maintains Buy on Cirrus Logic, Raises Price Target to $140
📈 PositiveStifel Maintains Buy on Cirrus Logic, Raises Price Target to $130
📈 PositiveCirrus Logic Expands Strategic Collaboration With GlobalFoundries To Advance Next-Gen Chip Technologies
📈 PositiveCirrus Logic jumps as Q4 results, forecast blow past expectations
📈 PositiveCirrus Logic Non-GAAP EPS of $1.67 beats by $0.49, revenue of $424.46M beats by $44.15M
📈 PositiveFrequently Asked Questions about CRUS
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