Cirrus Logic Inc

CRUS

Equity

ISIN US1727551004 / Valor 918510

NASDAQ (2024-09-18)

USD 122.84-0.78%

Cirrus Logic Inc
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About company

Cirrus Logic Inc. is a prominent player in the field of mixed-signal processing, specializing in the development of advanced audio solutions tailored for a wide range of consumer electronics including smartphones, laptops, tablets, wearables, and augmented/virtual reality devices. Leveraging its deep expertise in low-power, high-precision technology, the company has successfully broadened its product offerings beyond audio to encompass innovative solutions in camera controllers, haptics, sensing, and power management. This expansion reflects Cirrus Logic's commitment to harnessing its core competencies in mixed-signal processing to address the evolving needs of the digital electronics market, positioning itself as a key supplier of critical components that enhance user experience across a diverse array of devices.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Cirrus Logic Inc's Q1 FY25 revenue was $374.0 million, which exceeded the top end of their guidance range. This growth was primarily driven by stronger-than-expected shipments into smartphones.

Earnings Per Share

For Q1 FY25, Cirrus Logic Inc reported GAAP earnings per share of $0.76 and non-GAAP earnings per share of $1.12. These figures reflect the company's solid financial performance during the quarter.

Product Ramp-Up

During Q1 FY25, Cirrus Logic Inc began ramping up production of their next-generation audio products. This ramp-up is in anticipation of new smartphone launches expected in the fall.

Design Momentum

In Q1 FY25, Cirrus Logic Inc saw positive design momentum with laptops. This indicates a growing interest and adoption of their products in the laptop market segment.

New Product Introduction

Cirrus Logic Inc introduced the latest in a series of next-generation data converters during Q1 FY25. This new product is expected to enhance their portfolio and drive future growth.

Summarized from source with an LLMView Source

Key figures

66.3%1Y

45.0%3Y

124%5Y

Performance

36.6%1Y

35.8%3Y

41.8%5Y

Volatility