Cirrus Logic ( (CRUS) ) has provided an update.
Cirrus Logic reported record revenue of $541.9 million for the second quarter of fiscal year 2025, driven by strong demand for its products in the smartphone market. The company achieved a gross margin of 52.2% and earnings per share of $1.83 on a GAAP basis, and $2.25 on a non-GAAP basis. Cirrus Logic is optimistic about future opportunities, having secured a significant design win in the laptop market and launching new products. The company expects third quarter revenue to range between $480 million and $540 million.
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