Cirrus Logic (NASDAQ:CRUS) Announces Quarterly Earnings Results

Cirrus Logic (NASDAQ:CRUS) announced its quarterly earnings data on Tuesday. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.60, FiscalAI reports. The firm had revenue of $580.62 million for the quarter, compared to analysts’ expectations of $531.43 million. Cirrus Logic had a return on equity of 20.74% and a net margin of 20.47%.Cirrus Logic’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 earnings per share.

Here are the key takeaways from Cirrus Logic’s conference call:

• Cirrus reported a quarterly beat with $580.6M revenue (above guidance), record non‑GAAP EPS of $2.97, strong operating cash flow of $290.8M, and ending cash & investments of $1.08B (also repurchased $70M of stock).
• Q4 guidance of $410–$470M implies a sizable sequential decline and the company disclosed its largest customer accounted for roughly 94% of revenue, highlighting significant customer concentration risk.
• Management highlighted product momentum — strong demand for its latest custom‑boosted amplifier and 22nm smart codec in smartphones, early PC ramps and sampling of a voice‑focused codec that could materially increase ASPs and begin contributing in calendar 2027–2028.
• General‑market sales were pressured by a strategic pullback from Android and multiple product end‑of‑life unwindings, but the company is investing in PCs, prosumer/pro audio, and automotive (citing a potential automotive SAM of >$800M by 2029) as offsetting long‑term growth paths.

Cirrus Logic Price Performance

Shares of Cirrus Logic stock traded up $0.59 on Thursday, hitting $135.50. The company had a trading volume of 60,637 shares, compared to its average volume of 603,570. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $144.24. The company has a market cap of $6.91 billion, a PE ratio of 17.85 and a beta of 1.12. The business has a 50-day simple moving average of $123.54 and a 200-day simple moving average of $119.75.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRUS shares. Williams Trading set a $150.00 price objective on Cirrus Logic in a research note on Wednesday, November 5th. Loop Capital lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research note on Monday. Zacks Research raised shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Stifel Nicolaus upped their target price on Cirrus Logic from $150.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.43.

Insiders Place Their Bets

In other news, EVP Andrew Brannan sold 8,913 shares of Cirrus Logic stock in a transaction on Friday, November 14th. The stock was sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the transaction, the executive vice president directly owned 5,950 shares in the company, valued at approximately $708,407. This trade represents a 59.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cirrus Logic

Several hedge funds have recently made changes to their positions in the business. Shelton Capital Management purchased a new position in Cirrus Logic during the 3rd quarter worth approximately $239,000. Fred Alger Management LLC grew its stake in shares of Cirrus Logic by 5.0% in the 3rd quarter. Fred Alger Management LLC now owns 2,552 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 122 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Cirrus Logic during the 3rd quarter worth $260,000. Evergreen Capital Management LLC bought a new position in Cirrus Logic during the second quarter valued at about $203,000. Finally, Boothbay Fund Management LLC acquired a new stake in Cirrus Logic in the 2nd quarter worth approximately $315,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

More Cirrus Logic News

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Q3 beat — Cirrus reported $2.97 EPS and ~$580.6M revenue, well above consensus; management cited strong smartphone demand and a favorable device mix that lifted margins. This is the primary catalyst lifting the stock. Article Title
• Positive Sentiment: Upbeat guidance — Cirrus gave fiscal Q4 revenue guidance of ~$410M–$470M vs. consensus ~$383.7M, and commentary pushed expectations higher, prompting a sharp intraday move. Article Title
• Positive Sentiment: Analyst upgrades/target raises — Multiple firms (Stifel to $163, Benchmark to $160) raised price targets and reiterated Buy ratings after the print, supporting further upside. Article Title
• Neutral Sentiment: Coverage and commentary — Earnings call and transcripts are available; commentators highlight CRUS’s ties to Apple and smartphone end-markets as key drivers to monitor. (Useful for gauging sustainability of demand.) Article Title
• Neutral Sentiment: Investor media — Video analysis flagged the earnings-driven rally and Apple exposure; short-interest notes in releases are noisy/unchanged and not a clear market force today. Article Title
• Negative Sentiment: Some skepticism & downgrade — Loop Capital moved CRUS to Hold, and analysis pieces warn the strong headline results may mask concentration risks and cyclical exposure; Seeking Alpha published a piece arguing record earnings “hide the real story.” These create caution for investors trimming on strength. Article Title

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.