Cirrus Logic Inc Stock Price, News & Analysis

Cirrus Logic, Inc. (NASDAQ: CRUS) has appointed Raghib Hussain to its Board of Directors, effective September 29. Hussain, currently the president of Products and Technologies at Marvell Technology, brings extensive experience from his previous role as co-founder and CTO of Cavium, which was acquired by Marvell. His background includes over 40 patents in networking and security, and he holds degrees from NED University and San Jose State University. This addition aims to enhance Cirrus Logic's strategic direction in mixed-signal products.

Cirrus Logic, Inc. (Nasdaq: CRUS) has announced its participation in two upcoming investor conferences. On August 10, CFO Thurman Case and Director David Biven will present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference at 2:05 p.m. EDT. The next day, August 11, CFO Thurman Case and VP Carl Alberty will present at the KeyBanc Capital Markets' 2021 Technology Leadership Forum at 12:40 p.m. EDT. Live webcasts of these presentations will be available on the company's investor relations website.

Cirrus Logic (CRUS) reported a 14% year-on-year revenue increase for Q1 FY22, totaling $277.3 million. The company highlighted strong momentum in sales, particularly in the Android market, and announced shipments with a leading laptop OEM. Gross margins were reported at 50.5% (GAAP) and 50.6% (non-GAAP). Looking ahead, Q2 FY22 revenue is expected between $430 million and $470 million, with gross margins forecasted at 50%-52%. Significant investments in power-related products and a new partnership with GlobalFoundries are set to bolster growth.

Cirrus Logic, Inc. (Nasdaq: CRUS) has agreed to acquire Lion Semiconductor for $335 million in cash. This strategic acquisition aims to enhance Cirrus Logic's growth in high-performance mixed-signal markets, leveraging Lion's fast-charging technologies and intellectual property. The transaction is expected to generate approximately $60 million in revenue before the end of FY22 and be immediately accretive to both GAAP and non-GAAP earnings per share. The deal has been approved by both companies' boards and is projected to close within 30 days, subject to customary conditions.

Cirrus Logic (Nasdaq: CRUS) will release its Q1 FY 2022 financial results on July 28 at 4 p.m. EDT. This will be followed by a live Q&A session at 5 p.m. EDT, where shareholders can inquire about the financial performance and outlook. A replay will be available on the investor relations website and via phone shortly after the session concludes. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, providing innovative technology for mobile and consumer applications.

Cirrus Logic, Inc. (Nasdaq: CRUS) will present at several upcoming investor conferences. On June 2, CEO John Forsyth speaks at the Cowen 49th Annual Technology, Media & Telecom Conference at 1:10 p.m. EDT. CFO Thurman Case and VP Carl Alberty will present at the Bank of America 2021 Global Technology Conference on June 8 at 4 p.m. EDT. Finally, John Forsyth will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9 at 1:20 p.m. EDT. Live webcasts will be available on their investor relations website.

Cirrus Logic (Nasdaq: CRUS) reported solid financial results for Q4 and FY21, with Q4 revenue of $293.5 million and full-year revenue of $1.37 billion. The company achieved a GAAP gross margin of 50.5% and EPS of $0.42 for Q4, while FY21 EPS was $3.62. Despite supply constraints affecting Q4 results and the Q1 outlook, the firm anticipates revenue growth in FY22, backed by new product launches in audio and mixed-signal technologies. Upcoming Q1 revenue is projected between $240 million and $280 million.

Cirrus Logic, Inc. (Nasdaq: CRUS) will release its fourth quarter and full fiscal year 2021 financial results on April 29 at 4 p.m. EDT. A live Q&A webcast will follow at 5 p.m. EDT to discuss the results and business outlook. Shareholders can submit questions via email. A replay will be available two hours after the call on the investor relations website or via a provided phone number.

Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications, with headquarters in Austin, Texas.

Cirrus Logic (Nasdaq: CRUS) has launched the CS35L45 boosted amplifier, enhancing audio quality for smartphones and tablets. Key features include a 15 V output, higher peak loudness of up to 30% compared to previous models, and adaptive battery management for improved efficiency. The CS35L45 aims to meet the growing consumer demand for better sound, as 40% of users have increased speaker mode usage during the pandemic. This smart amplifier offers advanced speaker protection and is designed for easy integration into next-generation mobile devices.