Cirrus Logic, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cirrus Logic, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cirrus Logic, Inc. CRUS.OQ reported quarterly adjusted earnings of $1.84 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.51. The mean expectation of five analysts for the quarter was for earnings of $1.81 per share. Wall Street expected results to range from $1.80 to $1.82 per share.
Revenue rose 12.9% to $459.72 million from a year ago; analysts expected $460.30 million.
Cirrus Logic, Inc.'s reported EPS for the quarter was $1.47.
The company reported quarterly net income of $76.85 million.
Cirrus Logic, Inc. shares had fallen by 10.1% this quarter and gained 12.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 11.4% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Cirrus Logic, Inc. is $190.00, about 29.7% above its last closing price of $133.59
This summary was machine generated from LSEG data August 5 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.81 | 1.84 | Beat |
Mar. 31 2026 | 1.76 | 1.95 | Beat |
Dec. 31 2025 | 2.44 | 2.97 | Beat |
Sep. 30 2025 | 2.37 | 2.83 | Beat |
Recent news on Cirrus Logic
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Cirrus Logic, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cirrus Logic Q1 revenue hits record but slightly misses estimates
Brief: Cirrus Logic Q1 Adjusted EPS USD 1.84 Vs. IBES Estimate USD 1.81