Cirrus Logic (NASDAQ: CRUS ) reported record revenue for September followed by a flat quarter-over-quarter and 10% lower year-over-year December guidance. Our title wasn't just concerning Cirrus, but rather it considers the strangeness of two other heavily biased Apple (I have been an investor for several decades enduring the 87 crash, 2000 crash, and 08 crash. I do use trading systems developed with TradeStation. I have enjoyed the rewards from both buy and hold and trading. My professional experiences inc ...

Cirrus Logic, Inc. (CRUS) stock has declined 19.3% in the past month, underperforming its sub-industry and the Zacks Computer and Technology sector’s decline of 7.8% and 0.9%, respectively. The S&P 500 Index has returned 0.6% in the same period. The stock has taken a beating (down 8.7%) after reporting second-quarter fiscal 2025 results on Nov. 4.One-Month Price Performance ChartImage Source: Zacks Investment ResearchRecent investor concerns are mainly due to lower-than-expected guidance for the current qua ...

Have you evaluated the performance of Cirrus Logic's (CRUS) international operations for the quarter ending September 2024? Given the extensive global presence of this chipmaker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understa ...

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.Chipmaker Cirrus Logic (CRUS 0.15%) has been in fine form on the stock market for the majority of 2024, as its shares rose impressively through August this year, but a closer look at recent stock price action suggests that its rally has come to a shuddering halt in the past couple of months.More specifically, Cirrus stock is down nearly 30% since hitting a 52-week high o ...

A downtrend has been apparent in Cirrus Logic (CRUS) lately with too much selling pressure. The stock has declined 13.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for sp ...

财务数据和关键指标变化 - 公司在2025财年第二季度实现了创纪录的收入和每股收益，收入为5.419亿美元，接近指导范围的高端，主要由于智能手机产品的强劲需求 [9][18] - 与上一季度相比，收入增长了45%，主要受新智能手机发布的推动 [18] - 与去年同期相比，销售额增长了13%，这得益于智能手机单位销量的增加和下一代产品的收入增长 [18][19] - 非GAAP毛利润为2.829亿美元，非GAAP毛利率为52.2%，环比增长160个基点，主要受有利产品组合的推动 [20] - 非GAAP净收入为1.253亿美元，创下每股收益2.25美元的记录 [22] 各条业务线数据和关键指标变化 - 在旗舰智能手机音频业务中，公司开始发货下一代定制增强放大器和首款22纳米智能编码器，预计这两款产品将为未来多个智能手机代提供持续的收入来源 [11][12] - 相机控制器产品线的成功表明公司在高性能混合信号解决方案中的增长潜力，随着新智能手机的推出，公司在这一领域的内容价值持续增加 [13] - 在笔记本电脑业务方面，公司在第二季度取得了进展，包括与主要客户的首次高容量设计胜利，预计未来几个月将有更多客户产品推出 [15][16] 公司战略和发展方向和行业竞争 - 公司长期增长战略围绕三个原则展开：保持在核心旗舰智能手机音频业务中的领导地位，继续在高性能混合信号功能领域扩展，以及利用音频和高性能混合信号能力进入新市场 [10] - 公司在电池相关技术和先进电源传感器方面的投资，预计将为未来的产品多样化和市场扩展做出贡献 [14] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望持乐观态度，认为尽管面临季节性波动，但整体业务表现依然稳健，预计将继续增长 [31] - 管理层提到，尽管智能手机单位销量可能保持平稳，但公司仍然有机会通过增加内容和捕捉新市场来实现增长 [60] 其他重要信息 - 公司在第二季度使用5000万美元回购约356,000股普通股，预计将继续以股票回购的形式向股东返还资本 [27] - 公司在财务报告中强调，尽管对最大客户的业务关系有强烈的兴趣，但不会讨论具体细节 [31] 问答环节所有提问和回答 问题: 关于12月季度的季节性下降 - 管理层指出，12月季度的季节性下降较大，主要受多个因素影响，包括去年12月季度的生产情况和客户的产品发布节奏 [34][36] 问题: 关于晶圆义务和库存 - 管理层确认，预计在2026财年初将继续增加库存，以满足长期销售需求 [40] 问题: 关于最大客户的产品周期 - 管理层表示，最大客户的操作系统更新和产品周期的变化对公司造成了一定的影响，但主要因素仍是季度边界的不同 [42][43] 问题: 关于PC业务的前景 - 管理层对PC业务的前景持乐观态度，预计在未来的产品发布中将看到显著的收入增长 [55][56] 问题: 关于智能手机市场的增长驱动 - 管理层认为，未来的增长将主要来自内容的增加和新市场的开拓，即使智能手机单位销量保持平稳，仍有良好的增长机会 [59][60]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.84%. A quarter ago, it was expected that this chipmaker would post earnings of $0.62 per share when it actually produced earnings of $1.12, delivering a surprise of 80.65%.Over the last four quarters, the company h ...

业绩总结 - FY24年公司总收入为17.9亿美元[4] - Q2 FY25的收入为5.419亿美元，毛利率为52.2%[23] - Q3 FY25的收入预期在4.8亿至5.4亿美元之间，毛利率预期为51%至53%[23] - 2024年第二季度收入为981,604千美元，较2024年第一季度的945,610千美元增长3.1%[28] - 2024年第一季度收入为946,994千美元，较2024年第四季度的917,475千美元增长3.2%[28] - 2023年第二季度收入为889,042千美元，较2023年第一季度的890,369千美元下降0.1%[28] 用户数据 - 截至Q2 FY25，公司总现金和投资为7.07亿美元，较上季度的7.45亿美元下降[26] - Q2 FY25中，最大的客户占总收入的90%[24] 毛利与利润 - GAAP毛利润为1,907,694千美元，GAAP毛利率为50%[28] - 非GAAP毛利润为982,982千美元，非GAAP毛利率为51%[28] - GAAP营业利润为398,568千美元，GAAP营业利润率为21%[28] - 非GAAP营业利润为496,065千美元，非GAAP营业利润率为26%[28] - 2024年第二季度GAAP营业利润为398,568千美元，较2023年第三季度的228,248千美元增长74.5%[28] - 2024年第二季度非GAAP营业利润率为24%[28] 研发与市场前景 - 公司在2023年新申请的专利中，高性能混合信号专利占比超过三分之二[13] - 预计到2028年，高性能混合信号市场的规模将达到57亿美元，2023年为14亿美元[12] 股票回购 - 公司在FY24年回购了约230万股股票，花费为1.86亿美元，平均回购价格为80.68美元[26] 费用情况 - Q2 FY25的研发和销售管理费用为1.507亿美元，其中包括220万美元的股票补偿费用和19万美元的收购无形资产摊销[23]

Exhibit 99.2 Q2 FY25 Letter to Shareholders November 4, 2024 November 4, 2024 Dear Shareholders, In Q2 FY25, Cirrus Logic delivered record revenue and EPS for the September quarter, driven by strong demand for products shipping into smartphones and a higher-volume production week associated with typical seasonal product ramps. Revenue was $541.9 million, up 45 percent quarter over quarter and up 13 percent year over year. GAAP and non-GAAP operating profit were 24.3 percent and 28.8 percent, respectively, w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission File Number 0-17795 CIRRUS LOGIC, INC. (Exact name of registrant as specified in its charter) Delaware 77-0024818 (State or other jurisdiction o ...