CRUS' fiscal Q2 2025 performance benefits from the continued momentum of Audio and High-performance mixed-signal products.
Cirrus Logic, Inc. (NASDAQ:CRUS ) Q2 2025 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Chelsea Heffernan - Vice President, Investor Relations John Forsyth - President and Chief Executive Officer Ulf Habermann - Interim Chief Financial Officer Conference Call Participants Christopher Rolland - Susquehanna Tore Svanberg - Stiefel Thomas O'Malley - Barclays Ananda Baruah - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Second Quarter Fiscal Year 2025 Financial Results Q&A Session.
Cirrus Logic (CRUS) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $1.80 per share a year ago.
Cirrus Logic (CRUS) possesses solid growth attributes, which could help it handily outperform the market.
The strong demand for generative AI smartphones and this company's tight relationship with a key smartphone manufacturer point toward better times.
Cirrus Logic (CRUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
CRUS' performance benefits from the increasing demand for its solutions. However, a weak macro backdrop, volatile forex and higher costs are concerns.
Cirrus Logic's stock dropped due to mixed news, but savvy investors should discern between real and misleading reports, presenting a buying opportunity. Despite Barclays' downgrade, Cirrus has strong future prospects with potential earnings growth from new iPhone components and smart power conversion. Cirrus' earnings could grow towards $11 per share, making the stock extremely cheap with a P/E under 10 and a price target of $120.
Here is how Cirrus Logic (CRUS) and Itron (ITRI) have performed compared to their sector so far this year.
CRUS??? performance benefits from the increasing demand for its solutions. However, a weak macro backdrop, volatile FX and higher costs are concerns.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Cirrus Logic recently delivered stronger-than-expected results, a trend that's likely to continue. The company is expected to win more business from its largest customer, which is all set to dive into the AI smartphone market next month.