Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
CRUS posted record fiscal Q1 results as strong demand and a robust pipeline support growth across audio and HPMS.
Cirrus Logic's 12.2% monthly slide lowers the entry price, but softer PC growth, margin pressure and weak EPS expectations keep the setup cautious.
Cirrus Logic's low valuation and strong smartphone execution offer support, but weaker earnings expectations and customer concentration favor patience.
CRUS' record Q1 and HPMS growth support its product story, but weaker Q2 outlook, higher spending and PC delays temper the near-term setup.
Cirrus Logic (CRUS) is upgraded to strong buy after a standout earnings call revealing robust product pipeline and deepening Apple collaboration. CRUS expects significant revenue growth from new high-performance mixed-signal products, including camera, 3D, and power/battery chips, potentially adding $1.2B in annual sales. Despite near-term headwinds from increased OpEx and lower Apple ASPs, aggressive share buybacks and long-term product launches support a bullish outlook.
Cirrus Logic NASDAQ: CRUS executives said the company sees a strong pipeline of opportunities across high-performance mixed-signal products, while continuing to manage supply-chain constraints and delayed platform ramps affecting portions of its smartphone and PC businesses.
Review Cirrus Logic's (CRUS) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Cirrus Logic posts record fiscal first-quarter earnings as premium smartphone demand offsets pricing pressure and PC delays.
Cirrus Logic, Inc. (CRUS) Q1 2027 Earnings Call Transcript
Cirrus Logic NASDAQ: CRUS reported record fiscal first-quarter revenue of $460 million for the June quarter, up 2% sequentially and 13% from a year earlier, driven by higher component sales into smartphones. The company posted GAAP earnings per share of $1.47 and non-GAAP earnings per share of $1.84, also a record for a June quarter.
Cirrus Logic (CRUS) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.51 per share a year ago.