Cirrus Logic, Inc. (NASDAQ:CRUS ) Q3 2025 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Chelsea Heffernan - VP, IR John Forsyth - President and CEO Ulf Habermann - Interim CFO Conference Call Participants Tore Svanberg - Stifel Thomas O'Malley - Barclays David Williams - The Benchmark Company Christopher Rolland - Susquehanna Gary Mobley - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Third Quarter Fiscal Year 2025 Financial Results Q&A Session.
Cirrus Logic (CRUS) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.89 per share a year ago.
Cirrus Logic (CRUS 2.10%), a leading provider of low-power, high-precision mixed-signal processing solutions, recently announced its earnings for the third quarter of fiscal year 2025 on February 4, 2025.
Cirrus Logic's December quarter revenue is estimated at $550 million, driven by reasonable Apple iPhone sales and ASP increases from new amplifiers and codecs. Risks include potential declines in iPhone sales in China and uncertainties in future ASP gains, but Cirrus remains a buy at current prices. March quarter guidance is challenging due to possible weak China sales and other issues, but new parts and partnerships with Samsung and Intel could boost revenue.
Cirrus Logic and Intel collaborate on advanced PC audio solutions for Intel Core Ultra processors.
CRUS' freshly launched timing solutions are set to bolster audio performance in professional audio and automotive environments.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Cirrus Logic reported record revenue for September, but December guidance fell short, causing a negative market reaction despite upbeat management. Key reasons for the guidance shortfall include a shifted revenue pattern, a shorter December quarter, and an earlier Android ramp. Future growth expected from new PC and Android products, with potential earnings boost from lower corporate tax rates.
Rising costs in a stiff competitive landscape, as well as heavy reliance on a single customer for top-line growth, are concerns for investing in CRUS stock.
Examine Cirrus Logic's (CRUS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Reliance on a single customer for a huge chunk of revenue is weighing on this company, but that could turn into an advantage in the future.
The heavy selling pressure might have exhausted for Cirrus Logic (CRUS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.