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 (NASDAQ: CRUS) is a semiconductor company specializing in low-power, high-precision mixed-signal and audio signal processing solutions for mobile, consumer and automotive applications. This news page aggregates Business Wire and other coverage of Cirrus Logic’s announcements, giving investors and followers a single place to review company developments related to the CRUS stock.
Recent news highlights include quarterly financial results, where Cirrus Logic posts shareholder letters detailing revenue, segment performance in audio and high-performance mixed-signal, and commentary on demand for components shipping into smartphones and other devices. The company regularly announces the timing of its fiscal first, second and third quarter results and hosts live Q&A webcast sessions to discuss financial performance and business outlook.
Product and technology announcements are another key news category. Cirrus Logic has introduced an automotive-qualified family of closed-loop haptic drivers (CS40L51, CS40L52 and CS40L53) designed to deliver consistent, immersive tactile feedback across in‑vehicle interfaces. The company also reports on its collaboration with GlobalFoundries to advance BCD process technology and Gallium Nitride (GaN) platforms for next-generation mixed-signal and power devices.
Visitors can also find news on Cirrus Logic’s participation in investor conferences, recognition such as the Digital Technology Award at the Made in Scotland Awards, and updates on its role in markets including smartphones, PCs, professional audio, industrial, automotive and imaging. For anyone tracking CRUS, this page provides a convenient way to review historical and ongoing news about Cirrus Logic’s operations, technology roadmap and market expansion.
Cirrus Logic (Nasdaq: CRUS) announced a $500 million share repurchase program, adding to the remaining $136.1 million from a prior authorization. The company reported a record revenue of $393.6 million for Q1 FY23, exceeding guidance, driven by strong smartphone demand. GAAP earnings per share were $0.69, with non-GAAP EPS at $1.12. Forecasts for Q2 FY23 revenue range between $450 million and $490 million, with anticipated gross margins of 49% to 51%. A live Q&A will be held today to discuss results and outlook.
Cirrus Logic has announced that John Melanson, a senior technical fellow, has been awarded his 500th U.S. patent, marking him as one of the world's top inventors. His patents, which include innovations in audio and LED technology, have significantly impacted consumer electronics and environmental efficiency. Notable achievements include contributions to low-power digital signal processors for hearing aids and advancements in digital audio editing. Melanson holds 68 pending patents, further solidifying his influence in technology.
Cirrus Logic, Inc. (NASDAQ: CRUS) will release its first quarter fiscal year 2023 financial results on Tuesday, Aug. 2, at approximately 4 p.m. EDT. The company will also conduct a live Q&A webcast at 5 p.m. EDT to discuss these results and its business outlook. A replay of the session will be accessible two hours post-call via its website. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions.
Cirrus Logic, Inc. (Nasdaq: CRUS) has announced upcoming presentations at two investor conferences. On June 1, CEO John Forsyth and CFO Venk Nathamuni will present at the Cowen 50th Annual Technology, Media & Telecom Conference in New York at 8:30 a.m. EDT. Following this, on June 7, the same executives will present at the Stifel 2022 Cross Sector Insight Conference in Boston at 1:15 p.m. EDT. Live webcasts of these events will be accessible on the Cirrus Logic investor relations website.
Cirrus Logic, Inc. (CRUS) reported strong financial results for the fourth quarter and fiscal year 2022, with revenues increasing by 30% year over year. The fourth quarter revenue reached $490 million and full-year revenue totaled $1.78 billion. GAAP earnings per share for the year were $5.52, while non-GAAP EPS was $6.90. Looking ahead, the company forecasts first-quarter FY23 revenues between $350 million and $390 million, with a gross margin of 49% to 51%. Cirrus Logic aims to leverage its expertise in mixed-signal processing to explore new markets and applications.
Cirrus Logic Inc. (NASDAQ: CRUS) announced the appointment of Venk Nathamuni as its new chief financial officer, effective April 18, 2022. With over 30 years of experience in the semiconductor industry, Venk brings expertise in corporate finance, strategy, and investor relations. He previously held senior roles at Arista Networks and Maxim Integrated Products. Thurman Case, the outgoing CFO, will remain in an advisory role until his retirement in November 2022. This leadership change aims to drive long-term revenue growth and enhance shareholder value.
Cirrus Logic (Nasdaq: CRUS) is set to announce its fourth quarter and full fiscal year 2022 financial results on May 3, at approximately 4 p.m. EDT. A live Q&A webcast will follow at 5 p.m. EDT to discuss the results and outlook. Investors can submit questions via email. A replay of the session will be available shortly after its conclusion. Cirrus Logic specializes in low-power mixed-signal processing solutions, serving leading mobile and consumer applications from its headquarters in Austin, Texas.
Cirrus Logic Inc. (NASDAQ: CRUS) has appointed Denise Grodé as its new Chief Human Resources Officer. With over 20 years of experience, Grodé is expected to enhance the company's HR strategy and support talent management globally. Previously, she served at Centene Corporation, where she led a human resources transformation. Her role includes fostering diversity and inclusion while strengthening corporate culture. Cirrus Logic is known for its low-power, high-precision mixed-signal processing solutions and is headquartered in Austin, Texas.
Cirrus Logic, Inc. (Nasdaq: CRUS) will have President and CEO John Forsyth present at the Morgan Stanley Technology, Media & Telecom Conference on March 7 at 1:15 p.m. PST. A live webcast of this presentation will be accessible through the company's investor relations website, with an archived replay available afterwards. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications.
Cirrus Logic, Inc. (CRUS) reported record revenue of $548.3 million for Q3 FY22, exceeding guidance, driven by high-performance mixed-signal content in smartphones. GAAP gross margin remained strong at 52.8%, with GAAP EPS at $2.16. The company is investing in technologies targeting sensing, power, and battery systems to diversify its portfolio. For Q4 FY22, revenue is projected between $400 million and $440 million, with expected gross margins between 51% and 53%.