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NASDAQ:CRUS
Cirrus Logic Stock Earnings Reports
$102.58
+2.79 (+2.80%)
At Close: Mar 24, 2025
Cirrus Logic Earnings Calls
Q4 2024
Beat
$2.51 (6.36%)
| Release date | Feb 04, 2025 |
| EPS estimate | $2.36 |
| EPS actual | $2.51 |
| EPS Surprise | 6.36% |
| Revenue estimate | 364.64M |
| Revenue actual | 555.738M |
| Revenue Surprise | 52.41% |
Q3 2024
Beat
$2.25 (11.39%)
| Release date | Nov 04, 2024 |
| EPS estimate | $2.02 |
| EPS actual | $2.25 |
| EPS Surprise | 11.39% |
| Revenue estimate | 520.443M |
| Revenue actual | 541.857M |
| Revenue Surprise | 4.11% |
Q2 2024
Beat
$1.12 (80.65%)
| Release date | Aug 06, 2024 |
| EPS estimate | $0.620 |
| EPS actual | $1.12 |
| EPS Surprise | 80.65% |
| Revenue estimate | 318.71M |
| Revenue actual | 374.026M |
| Revenue Surprise | 17.36% |
Q1 2024
Beat
$1.24 (85.07%)
| Release date | May 07, 2024 |
| EPS estimate | $0.670 |
| EPS actual | $1.24 |
| EPS Surprise | 85.07% |
| Revenue estimate | 316.98M |
| Revenue actual | 371.827M |
| Revenue Surprise | 17.30% |
Last 4 Quarters for Cirrus Logic
Below you can see how CRUS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
| Release date | May 07, 2024 |
| Fiscal end date | Mar 30, 2024 |
| Price on release | $91.13 |
| EPS estimate | $0.670 |
| EPS actual | $1.24 |
| EPS surprise | 85.07% |
| Date | Price |
|---|---|
| May 01, 2024 | $84.00 |
| May 02, 2024 | $85.91 |
| May 03, 2024 | $88.48 |
| May 06, 2024 | $90.02 |
| May 07, 2024 | $91.13 |
| May 08, 2024 | $102.24 |
| May 09, 2024 | $103.78 |
| May 10, 2024 | $106.13 |
| May 13, 2024 | $107.78 |
| 4 days before | 8.49% |
| 4 days after | 18.27% |
| On release day | 12.19% |
| Change in period | 28.31% |
Q2 2024
Beat
| Release date | Aug 06, 2024 |
| Fiscal end date | Jun 29, 2024 |
| Price on release | $115.31 |
| EPS estimate | $0.620 |
| EPS actual | $1.12 |
| EPS surprise | 80.65% |
| Date | Price |
|---|---|
| Jul 31, 2024 | $130.48 |
| Aug 01, 2024 | $121.13 |
| Aug 02, 2024 | $114.73 |
| Aug 05, 2024 | $112.86 |
| Aug 06, 2024 | $115.31 |
| Aug 07, 2024 | $124.00 |
| Aug 08, 2024 | $131.57 |
| Aug 09, 2024 | $132.85 |
| Aug 12, 2024 | $132.06 |
| 4 days before | -11.63% |
| 4 days after | 14.53% |
| On release day | 7.54% |
| Change in period | 1.21% |
Q3 2024
Beat
| Release date | Nov 04, 2024 |
| Fiscal end date | Sep 28, 2024 |
| Price on release | $110.63 |
| EPS estimate | $2.02 |
| EPS actual | $2.25 |
| EPS surprise | 11.39% |
| Date | Price |
|---|---|
| Oct 29, 2024 | $121.20 |
| Oct 30, 2024 | $114.22 |
| Oct 31, 2024 | $109.82 |
| Nov 01, 2024 | $110.30 |
| Nov 04, 2024 | $110.63 |
| Nov 05, 2024 | $102.79 |
| Nov 06, 2024 | $104.11 |
| Nov 07, 2024 | $103.55 |
| Nov 08, 2024 | $103.71 |
| 4 days before | -8.72% |
| 4 days after | -6.26% |
| On release day | -7.09% |
| Change in period | -14.43% |
Q4 2024
Beat
| Release date | Feb 04, 2025 |
| Fiscal end date | Dec 28, 2024 |
| Price on release | $101.39 |
| EPS estimate | $2.36 |
| EPS actual | $2.51 |
| EPS surprise | 6.36% |
| Date | Price |
|---|---|
| Jan 29, 2025 | $98.14 |
| Jan 30, 2025 | $99.29 |
| Jan 31, 2025 | $100.44 |
| Feb 03, 2025 | $99.30 |
| Feb 04, 2025 | $101.39 |
| Feb 05, 2025 | $109.34 |
| Feb 06, 2025 | $104.41 |
| Feb 07, 2025 | $106.77 |
| Feb 10, 2025 | $104.39 |
| 4 days before | 3.31% |
| 4 days after | 2.96% |
| On release day | 7.84% |
| Change in period | 6.37% |
Cirrus Logic Earnings Call Transcript Summary of Q4 2024
Q4 Revenue
Cirrus Logic reported Q4 revenue of $378.1 million, exceeding guidance due to strong smartphone demand.
- Full Year Revenue: For fiscal year 2024, total revenue was $1.79 billion, down 6% year-over-year mainly due to decreased shipments in non-smartphone applications.
- Earnings Per Share (EPS): Non-GAAP EPS increased to $6.59, reflecting disciplined execution and share repurchases, marking a $0.17 increase year-over-year.
- Gross Margin: Non-GAAP gross margin for Q4 was 51.9%, primarily benefiting from supply chain efficiencies and lower freight costs.
Strategic Progress
- Smartphone Audio Business: The company remains focused on maintaining leadership in smartphone audio, delivering two next-generation products — a Boosted Amplifier and a Smart Codec expected to launch in fall 2024.
- Mixed Signal Functionality Expansion: Progress has been made in camera controller products and power-related technologies, with investments paving the way for future product launches.
- New Market Penetration: Cirrus Logic is seeing traction in the laptop market, launching products designed for this sector and featured in Intel’s Luna Lake reference design.
Market Outlook
- Fiscal Q1 2025 Guidance: Expected revenue between $290 million to $350 million, reflecting typical seasonal weakness and lower smartphone unit volumes.
- Gross Margin Projections: Guidance for Q1 gross margin ranges from 49% to 51%, with anticipated costs related to new product ramps impacting the lower range.
- Non-GAAP Tax Rate: Estimated at 22% to 24% for fiscal 2025, slightly higher compared to the previous year.
Operational Highlights
- Cash Management: Cirrus Logic ended fiscal 2024 with nearly $700 million in cash and has no debt outstanding, indicating a strong balance sheet.
- Share Buybacks: The company returned $186 million to shareholders through share repurchases, continuing its commitment to return capital.
Long-Term Opportunities
- Generative AI: The company sees growth potential in addressing generative AI needs across various device categories (smartphones, laptops, AR/VR), leveraging its expertise in power efficiency and mixed-signal solutions.
- Market Participation: Cirrus aims to increase its customer base and participation amid evolving consumer technology trends driven by AI integration.
Concluding Remarks
- Optimism in Growth Strategy: Cirrus Logic is optimistic about its strategic initiatives and market opportunities moving forward, with ongoing investments in product innovation and operational efficiency.
This earnings call highlights Cirrus Logic's resilience despite market challenges, ongoing investment in growth opportunities, and confidence in its strategy to leverage technological advancements. Investors should monitor the company's progress in new markets and product launches, especially in context of the smart codec and amplifier introduction, and overall market conditions impacting smartphone demand.
Cirrus Logic Earnings History
Earnings Calendar
FAQ
When is the earnings report for CRUS?
Cirrus Logic (CRUS) has scheduled its earnings report for May 06, 2025 after the markets close.
What is the CRUS price-to-earnings (P/E) ratio?
CRUS P/E ratio as of Mar 24, 2025 (TTM) is 17.36.
What is the CRUS EPS forecast?
The forecasted EPS (Earnings Per Share) for Cirrus Logic (CRUS) for the first fiscal quarter 2025 is $1.15.
What are Cirrus Logic's retained earnings?
On its balance sheet, Cirrus Logic reported retained earnings of $555.74 million for the latest quarter ending Dec 28, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
