Welcome to our dedicated page for Cirrus Logic news (Ticker: CRUS), a resource for investors and traders seeking the latest updates and insights on Cirrus Logic stock.
Cirrus Logic Inc. develops low-power, high-precision mixed-signal processing and integrated circuit products for mobile, consumer, PC, automotive, industrial, imaging, and professional audio applications. Company news commonly covers quarterly shareholder letters, revenue drivers tied to smartphone components and PC design activity, and efforts to diversify beyond portable audio into broader general-market products.
Updates also include launches of industrial imaging analog front-end ICs for scanners and machine-vision scanning platforms, automotive-qualified closed-loop haptic drivers, and components used for audio, voice capture, camera control, sensing, battery, and power functions.
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Cirrus Logic, Inc. (NASDAQ: CRUS) will release its Q4 and full fiscal year 2023 financial results and business outlook on May 4 at 4 p.m. EDT on its website. Following this, the company will conduct a live Q&A webcast at 6 p.m. EDT to address any inquiries regarding their financial results and outlook. A replay of this session will be accessible shortly after its completion. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, catering to top mobile and consumer applications.
Cirrus Logic (NASDAQ: CRUS) reported record revenue of $590.6 million for Q3 FY23, exceeding guidance due to strong smartphone demand. The GAAP gross margin was 50.2% with GAAP EPS at $1.83. The company's business outlook for Q4 FY23 predicts revenue between $340 million and $400 million, with gross margin expected between 49% and 51%. Operating expenses are anticipated to range from $153 million to $159 million, including various costs. The CEO highlighted ongoing product developments and opportunities for growth in new markets.
Cirrus Logic Inc. (NASDAQ: CRUS) will announce its third quarter fiscal year 2023 financial results and business outlook on February 2 at approximately 4 p.m. EST. Following this, a live Q&A webcast will take place at 6 p.m. EST to address questions regarding the financial performance. A replay will be accessible two hours post-event on their website.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President and CEO John Forsyth and CFO Venk Nathamuni will present at the Barclays Global Technology, Media and Telecommunications Conference in San Francisco, California on December 8, 2022 at 12:45 p.m. PST. A live webcast and replay will be available on the company’s investor relations website.
Cirrus Logic (Nasdaq: CRUS) reported a record Q2 revenue of $540.6 million for fiscal year 2023, exceeding guidance due to strong demand in smartphones. This marks the fifth consecutive record quarter. The company achieved a GAAP gross margin of 50.2% and earnings per share (EPS) of $1.52. For Q3 FY23, revenue is expected to be between $520 million and $580 million, with gross margin forecasted at 49% to 51%.
Cirrus continues to innovate in audio products and expand in adjacent markets, maintaining a strong outlook for future growth.