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Cirrus Logic (CRUS)
NASDAQ:CRUS
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$2.03Last Year’s EPS
$2.89Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -9.10%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook overall, with record revenue and earnings driven by strong smartphone demand and expansion into new markets such as laptops. However, the call also highlighted challenges such as increased operating expenses and the impact of fiscal year adjustments on revenue comparisons.Company Guidance
During the Cirrus Logic Q2 2025 earnings call, the company provided notable guidance and metrics for the upcoming quarter and beyond. Cirrus Logic reported a record revenue of $541.9 million for the September quarter, with a non-GAAP gross margin of 52.2%, driven by strong demand in the smartphone market. The company anticipates Q3 FY '25 revenue to range between $480 million and $540 million, despite a typical seasonal decline. Non-GAAP operating expenses are projected to be between $124 million and $130 million, reflecting increased product development costs and reductions in variable compensation. The non-GAAP tax rate is expected to remain between 22% and 24%. Cirrus Logic continues to strategically invest in product development, particularly in expanding its presence in the laptop market, while also focusing on long-term growth opportunities in smartphone content and new market applications.Record Revenue and Earnings
Cirrus Logic delivered record revenue of $541.9 million and record earnings per share for the September quarter, driven by strong demand for products shipping into smartphones.
Smartphone Audio Business Success
Began shipping next-generation custom boosted amplifier and first 22-nanometer smart codec in new smartphones, showcasing years of engineering and contributing to substantial revenue streams.
Expansion in Laptop Market
Secured first high-volume mainstream design win with latest PC codec and shipped first power product for laptops, reflecting progress in diversifying product offerings.
Favorable Mix in Camera Controllers
Benefiting from a more favorable overall mix of smartphones with CAM controllers, indicating potential for increased system performance and advanced camera features.
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CRUS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $110.63 | $102.79 | -7.09% |
| Aug 06, 2024 | $115.31 | $124.00 | +7.54% |
| May 07, 2024 | $91.13 | $102.24 | +12.19% |
| Feb 06, 2024 | $78.42 | $89.86 | +14.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cirrus Logic (CRUS) report earnings?
Cirrus Logic (CRUS) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Cirrus Logic (CRUS) earnings time?
Cirrus Logic (CRUS) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRUS EPS forecast?
CRUS EPS forecast for the fiscal quarter 2025 (Q3) is $2.03.
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