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Cirrus Logic (CRUS)
NASDAQ:CRUS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
1.18Last Year’s EPS
1.24Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 7.57%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results, with strong performance in revenue exceeding guidance, gross margin improvements, and progress in new markets like laptops. However, challenges include a year-over-year revenue decline, increased operating expenses, and a cautious outlook for the next quarter, which balances the overall sentiment.Company Guidance
During the Cirrus Logic Q3 FY 2025 earnings call, the company reported revenue of $555.7 million, exceeding the top end of their guidance range, driven by strong demand for smartphone components. Non-GAAP gross profit was $298.1 million with a gross margin of 53.6%, reflecting a favorable product mix shift and reduced supply chain costs. Operating expenses were $129.2 million, with non-GAAP net income at $138.3 million, resulting in earnings per share of $2.51. The company ended the quarter with $816.6 million in cash and investments, up $110 million sequentially, and repurchased 679,000 shares for $70 million. For Q4 FY 2025, Cirrus Logic anticipates revenue between $350 million and $410 million, with a GAAP gross margin of 51% to 53% and operating expenses ranging from $119 million to $125 million. The non-GAAP tax rate is projected to remain between 22% and 24%.Exceeding Revenue Guidance
Cirrus Logic delivered revenue of $555.7 million in Q3 FY2025, exceeding the top end of their guidance range due to stronger than expected demand for smartphone products.
Strong Gross Margin Performance
Non-GAAP gross margin was 53.6%, with a sequential increase of 140 basis points and a year-over-year increase of 230 basis points, driven by higher margin products and lower supply chain costs.
Positive Cash Flow and Buyback
Cash flow from operations was $218.6 million, with a non-GAAP free cash flow margin of 38%. The company also repurchased $70 million in shares.
New Product Launches in Smartphones
Introduction of new custom-boosted amplifier and the first 22-nanometer smart codec in smartphones, indicating strong product development and potential for future revenue.
Expansion into Laptop Market
New products for the laptop market, including a high-volume commercial laptop featuring Cirrus Logic components, with revenue expected to double in fiscal '26.
Continued Growth in Camera Controller Segment
Increased value of camera content contributing to robust results, with significant growth potential in the smartphone market.
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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 |
|---|---|---|---|
| Feb 04, 2025 | $101.39 | $109.34 | +7.84% |
| 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% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Cirrus Logic (CRUS) earnings time?
Cirrus Logic (CRUS) earnings time is at Apr 30, 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 (Q4) is 1.18.
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