Cirrus Logic Inc

CRUS

Equity

ISIN US1727551004 / Valor 918510

NASDAQ (2025-04-01)

USD 99.83+0.18%

Cirrus Logic Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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 Highlights

Cirrus Logic Inc. reported revenue of $371.8 million for the fourth quarter of fiscal year 2024. For the full fiscal year 2024, the company achieved a total revenue of $1.79 billion. This performance reflects the company's ongoing efforts to expand its product offerings and market presence.

Profit Margins

In the fourth quarter of fiscal year 2024, Cirrus Logic Inc. recorded a GAAP gross margin of 51.8% and a non-GAAP gross margin of 51.9%. For the entire fiscal year, the GAAP and non-GAAP gross margins were 51.2% and 51.3%, respectively, indicating stable profitability levels throughout the year.

Earnings Per Share

Cirrus Logic Inc. reported GAAP earnings per share of $0.81 and non-GAAP earnings per share of $1.24 for the fourth quarter of fiscal year 2024. For the full fiscal year, the GAAP earnings per share were $4.90, while the non-GAAP earnings per share reached $6.59, showcasing a year-over-year increase in earnings.

Operating Expenses

During the fourth quarter of fiscal year 2024, Cirrus Logic Inc. incurred GAAP operating expenses of $140.2 million and non-GAAP operating expenses of $116.5 million. For the full fiscal year, the GAAP operating expenses were $572.6 million, with non-GAAP operating expenses totaling $470.4 million, reflecting the company's investment in research and development and other operational areas.

Business Outlook

Looking ahead to the first quarter of fiscal year 2025, Cirrus Logic Inc. expects revenue to range between $290 million and $350 million. The company forecasts a GAAP gross margin between 49% and 51%, with combined GAAP R&D and SG&A expenses anticipated to be between $142 million and $148 million, including stock-based compensation and amortization of acquired intangibles.

Summarized from source with an LLMView Source

Key figures

8.66%1Y

18.9%3Y

65.0%5Y

Performance

38.2%1Y

35.9%3Y

37.7%5Y

Volatility