Cirrus Logic Inc. (CRUS) reported fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of $1.24, which beat the Zacks Consensus Estimate by 85.1%. Also, the bottom line increased 34.7% from the prior-year quarter’s 92 cents. Total revenues of $371.8 million surpassed the Zacks Consensus Estimate by 16.2% but decreased 0.3% year over year. The downtick was due to a reduction of general market and custom components, primarily in non- smartphone applications. Following the announcement, the company’s s ...

Cirrus Logic, Inc. (NASDAQ:CRUS) Q4 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Chelsea Heffernan - Vice President, Investor Relations John Forsyth - President & Chief Executive Officer Venk Nathamuni - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Christopher Rolland - Susquehanna Tore Svanberg - Stifel Thomas O'Malley - Barclays Ananda Baruah - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Fou ...

Cirrus Logic (CRUS) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 85.07%. A quarter ago, it was expected that this chipmaker would post earnings of $2.01 per share when it actually produced earnings of $2.89, delivering a surprise of 43.78%. Over the last four quarters, the company ...

Investor Relations Update As of May 7, 2024 Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain forward-looking statements, including industry market projections; our revenue growth opportunities; our ability to grow the percent revenue derived from high-performance mixed-signal (HPMS) solutions beyond audio; our ability to fuel product and application diversification; our ability to maintain our leadership position in smartphone audio ...

Exhibit 99.2 Q4 and Full Fiscal Year 2024 Letter to Shareholders May 7, 2024 May 7, 2024 Dear Shareholders, In FY24, Cirrus Logic delivered full fiscal year revenue of $1.79 billion. GAAP and non-GAAP operating profit in FY24 were 19.2 percent and 25.0 percent, respectively, while FY24 GAAP and non-GAAP earnings per share were $4.90 and $6.59, respectively. Revenue decreased six percent year-over-year, while non-GAAP earnings per share increased three percent. Q4 FY24 revenue was $371.8 million, above t ...

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It has been about a month since the last earnings report for Cirrus Logic (CRUS) . Shares have added about 1.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Cirrus Logic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cirrus Logic Q3 Earnings Top Estimates Cir ...

Key Points Cirrus Logic's shares lagged behind those of its bigger peers last year, but that's set to change. This week's earnings have caught investors by surprise in the best possible way. Already, the stock is tracking towards last year's all-time high and looks good value to keep on going. 5 stocks we like better than Cirrus Logic With so much of the talk around semiconductor stocks dominated by the likes of NVIDIA Corp NASDAQ: NVDA, Advanced Micro Dynamics NASDAQ: AMD, and the like, it's easy to think ...

Shares of Cirrus Logic (CRUS 14.59%) jumped as much as 18.6% higher on Wednesday, cooling down to a robust 14.6% gain at the end of the day. The designer of audio control and voice-processing chips reported fantastic third-quarter results that exceeded analyst expectations by a country mile. Q3 earnings crushed expectations Your average Wall Street firm would have settled for earnings of roughly $2.01 per share with revenues near $540 million. Instead, Cirrus saw sales increase 5% year over year to $620 mil ...

Cirrus Logic Inc. (CRUS) reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.89, which beat the Zacks Consensus Estimate by 43.8%. Also, the bottom line increased 20.4% from the prior-year quarter’s $2.40. Total revenues of $619 million surpassed the Zacks Consensus Estimate by 14.7% and increased 5% year over year. The uptick was driven by solid sales of components shipping and smartphones, owing to strength in orders from its largest customer. Following the announcement, the company ...