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Cirrus Logic, Inc. - CRUS STOCK NEWS

Welcome to our dedicated news page for Cirrus Logic (Ticker: CRUS), a resource for investors and traders seeking the latest updates and insights on Cirrus Logic.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cirrus Logic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cirrus Logic's position in the market.

News
Cirrus Logic to Report Fourth Quarter and Full Fiscal Year 2024 Results
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) will release its fourth-quarter and full fiscal year 2024 financial results and business outlook on May 7. The company will host a live Q&A webcast session to address related questions. A replay will be available on the website or by phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
conferences earnings
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News
Cirrus Logic to Present at Upcoming Conference
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) announced that its President and CEO will present at the Morgan Stanley Conference. The company specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
conferences
-
News
Cirrus Logic Reports Record Revenue of $619.0 Million for Fiscal Third Quarter
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) reported record revenue and earnings per share in the third quarter fiscal year 2024, with revenue of $619.0 million, GAAP gross margin of 51.3 percent, and non-GAAP gross margin of 51.4 percent. The company's current business outlook for the fourth quarter FY24 includes revenue expected to range between $290 million and $350 million, with GAAP gross margin expected to be between 49 percent and 51 percent. Cirrus Logic also achieved key milestones in the production of next-generation audio components and made progress on R&D programs in the high-performance mixed-signal business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.59%
Tags
earnings
News
Cirrus Logic, Intel, and Microsoft Announce Latest Reference Design to Enable “Cool, Quiet, and High Performance” PCs
Rhea-AI Summary
Cirrus Logic (CRUS) collaborates with Intel and Microsoft on a new PC reference design featuring high-performance audio and power technologies. The design promises reduced heat generation, longer battery life, and sleeker, quieter, and more power-efficient laptops. The collaboration aims to enhance the PC experience, delivering more advantages to both the industry and individual consumers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
Tags
none
-
News
Deirdre Hanford’s Appointment as CEO of the National Center for the Advancement of Semiconductor Technology
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) congratulates Deirdre Hanford on her appointment as CEO of Natcast, the expected operator of the CHIPS for America National Semiconductor Technology Center. Ms. Hanford will not stand for reelection in July 2024 when her current board term expires. Natcast aims to address barriers to technological progress in the semiconductor industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
none
-
News
Cirrus Logic to Report Third Quarter Fiscal Year 2024 Results
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) will release its third quarter fiscal year 2024 financial results and business outlook on Feb. 6 at 4 p.m. EST. A live Q&A webcast session will follow at 5 p.m. EST to address related questions. A replay will be available on the company's website and via phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
conferences earnings
News
Cirrus Logic to Present at Upcoming Conference
Rhea-AI Summary
Cirrus Logic, Inc. (CRUS) announced that President and CEO John Forsyth and CFO Venk Nathamuni will present at the Barclays Global Technology Conference. Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications. The live webcast and replay of the presentation will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
conferences
-
News
Cirrus Logic Reports Fiscal Second Quarter Revenue of $481.1 Million
Rhea-AI Summary
Cirrus Logic, Inc. (NASDAQ: CRUS) has released its Shareholder Letter for the second quarter fiscal year 2024. The company reported revenue of $481.1 million, gross margin of 51.3%, and earnings per share of $1.34 (GAAP) and $1.80 (non-GAAP). The business outlook for the third quarter FY24 includes expected revenue between $510 million and $570 million, gross margin between 49% and 51%, and operating expenses between $120 million and $126 million (non-GAAP).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
earnings
-
News
Cirrus Logic to Report Second Quarter Fiscal Year 2024 Results
Rhea-AI Summary
Cirrus Logic to release Q2 FY2024 financial results and business outlook on November 2nd.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences earnings
News
Cirrus Logic Reports Fiscal First Quarter Revenue of $317.0 Million
Rhea-AI Summary
Cirrus Logic, Inc. (NASDAQ: CRUS) reported revenue for Q1 FY24 of $317.0 million, with gross margin of 50.3%. They taped out their next-generation boosted amplifier, completed product validation on their first 22-nanometer smart codec, and began ramping production of their latest camera controller. Q2 FY24 revenue is expected to range between $430 million and $490 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
earnings
Stock CRUS logo
Cirrus Logic, Inc.

Nasdaq:CRUS

CRUS Rankings

#1228 Ranked by Market Cap
#2059 Ranked by Stock Gains
N/A Ranked by Dividends

CRUS Stock Data

4.78B
53.55M
0.43%
90.46%
1.33%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Austin

About CRUS

cirrus logic is a leader in high performance, low-power ics for audio and voice signal processing applications. cirrus logic’s products span the entire audio signal chain, from capture to playback, providing innovative products for the world’s top smartphones, tablets, digital headsets, wearables and emerging smart home applications. with headquarters in austin, texas, cirrus logic is recognized globally for its award-winning corporate culture. check us out at www.cirrus.com. founded in 1984, cirrus logic excels at developing complex chip designs where feature integration and innovation is a premium. cirrus logic has more than 2,100 patents that are key to our more than 700 products serving more than 2,500 end customers globally, through both direct and distributor-based channel sales. the company’s headquarters are in austin, texas, with international locations in europe, china and japan.