Cirrus Logic Q3 revenue beats expectations

Cirrus Logic

03/02/2026 21:09

Overview

Mixed-signal processing firm's fiscal Q3 revenue beat analysts' expectations

Adjusted EPS for fiscal Q3 beat analysts' expectations

Company expands market offerings with new prosumer and automotive product families

Outlook

Cirrus Logic expects Q4 FY26 revenue between $410 mln and $470 mln

Company forecasts Q4 FY26 GAAP gross margin between 51% and 53%

Cirrus Logic anticipates Q4 FY26 non-GAAP operating expenses between $124 mln and $130 mln

Result Drivers

SMARTPHONE COMPONENT DEMAND - Stronger-than-anticipated demand for components shipping into smartphones drove revenue above guidance, per CEO John Forsyth

NEW PRODUCT FAMILIES - Co introduced new product families targeting prosumer and automotive markets to broaden general market offerings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$580.60 mln
$533.89 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$2.97
$2.44 (7 Analysts)
Q3 EPS
$2.66
Q3 Adjusted Operating Expenses
$133 mln
Q3 Operating Expenses
$155.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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 $150.00, about 14.9% above its February 2 closing price of $130.53

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw4VTtHRa

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(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.)