Cirrus Logic Q1 revenue beats estimates

Cirrus Logic

05/08/2025 21:10

Overview

Cirrus Logic fiscal Q1 revenue of $407.3 mln beats analyst expectations

Adjusted EPS for fiscal Q1 exceeds analyst estimates, driven by strong product demand

Outlook

Cirrus Logic expects Q2 FY26 revenue between $510 mln and $570 mln

Company forecasts Q2 FY26 GAAP gross margin of 51% to 53%

Cirrus Logic anticipates Q2 FY26 GAAP R&D and SG&A expenses $153 mln to $159 mln

Company sees Q2 FY26 non-GAAP operating expenses between $131 mln and $137 mln

Result Drivers

AMPLIFIER DEMAND - Strong demand for custom boosted amplifier contributed to revenue growth, per CEO John Forsyth

SMART CODEC - Introduction of 22-nanometer smart codec in smartphones drove sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$407.30 mln
$364.30 mln (7 Analysts)
Q1 Adjusted EPS
Beat
$1.51
$1.1 (7 Analysts)
Q1 EPS
$1.14
Q1 Adjusted Operating Expenses
$119.50 mln
Q1 Operating Expenses
$141.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Cirrus Logic Inc is $125.00, about 15.5% above its August 4 closing price of $105.58

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwNmsW8a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)