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. (symbol: CRUS) is a pioneering company in the design and development of high-performance, low-power integrated circuits (ICs) tailored for audio and voice signal processing applications. The company offers a comprehensive range of products that span the entire audio signal chain, from capture to playback. These innovative solutions are widely utilized in world-leading smartphones, tablets, digital headsets, wearables, and emerging smart home applications.
Headquartered in Austin, Texas, Cirrus Logic has earned global recognition for its award-winning corporate culture. Established in 1984, the company excels at developing sophisticated chip designs that prioritize feature integration and innovation. As of now, Cirrus Logic holds over 2,100 patents, which are integral to its more than 700 products serving over 2,500 end customers worldwide. The company engages in direct sales as well as distributor-based channel sales.
The core business of Cirrus Logic is divided into two main streams: portable audio products and non-portable audio and other products. These categories include analog and mixed-signal components that target mobile devices, smart homes, and various applications in the automotive, energy, and industrial markets. The firm's revenue is geographically diversified, with approximately half generated in China and the remaining from regions including the United States, Europe, South Korea, and other countries around the globe.
Recent developments at Cirrus Logic include key partnerships and collaborations aimed at enhancing product capabilities and expanding market reach. Financially, the company maintains a robust condition, supported by steady revenue growth and strategic initiatives that drive innovation.
For the latest updates, financial performance, and news related to Cirrus Logic, visit their official website at www.cirrus.com.
Cirrus Logic (CRUS) has launched a new generation of timing devices - CS2500, CS2501, and CS2600 - targeting automotive and professional audio applications. These devices offer enhanced performance with less than 50ps baseband jitter and provide seamless upgrade paths for existing customers using CS2000, CS2100, CS2200, and CS2300 series.
Key features include clean clock generation, automatic rate detection, glitchless clock transitioning, and phase sync loop for precise alignment of multiple audio signals. The devices are designed to optimize audio performance in demanding applications while ensuring system synchronization. Full production is scheduled for May 2025, with samples currently available to qualified customers.
Cirrus Logic (CRUS) has announced its participation in the Barclays Annual Global Technology Conference in San Francisco. President and CEO John Forsyth and Interim CFO Ulf Habermann will deliver a presentation on December 12, 2024, at 1:20 p.m. PST.
The presentation will be accessible through a live webcast and replay on the company's investor relations website. Cirrus Logic, headquartered in Austin, Texas, specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications, and is known for its award-winning corporate culture.
Cirrus Logic (CRUS) reported record Q2 FY25 financial results with revenue of $541.9 million, reaching the top end of guidance due to strong smartphone product demand. The company achieved a 52.2% GAAP gross margin and $1.83 GAAP EPS ($2.25 non-GAAP). During the quarter, Cirrus began shipping its next-generation custom boosted amplifier and first 22nm smart codec in new smartphones, while expanding in the laptop market with a high-volume mainstream design win. For Q3 FY25, revenue guidance is set between $480-540 million with GAAP gross margin projected at 51-53%.
Cirrus Logic (NASDAQ: CRUS) has announced plans to release its second quarter fiscal year 2025 financial results and business outlook. The company will post this information on the Investor Relations section of its website on Monday, November 4, at approximately 4 p.m. EST. Following this, Cirrus Logic will host a live Q&A webcast session at 5 p.m. EST to address questions related to the financial results and business outlook. For those unable to attend the live session, a replay will be available on the website shortly after the call's completion. Alternatively, interested parties can access the replay by dialing (609) 800-9909 or toll-free at (800) 770-2030 (Access Code: 95424).
Cirrus Logic (Nasdaq: CRUS) celebrates its 40th anniversary, marking four decades of innovation in mixed-signal processing technology. Founded in 1984, the company has evolved from a PC components startup to a global leader in low-power, high-performance solutions for mobile and consumer applications.
Key achievements include developing industry-leading audio converters, smart amplifiers, low-power DSPs, and haptics technologies. With over 3,900 patents, Cirrus Logic has shaped the audio and electronics industries. CEO John Forsyth emphasized the company's commitment to innovation and value delivery.
Cirrus Logic's journey includes strategic shifts, focusing on mixed-signal processing and capitalizing on growth in handheld consumer devices. The company is recognized as a top employer, with a strong culture and high employee retention rates. As it looks to the future, Cirrus Logic aims to continue its legacy of innovation in new markets and applications.
Cirrus Logic (Nasdaq: CRUS), a leader in low-power, high-precision mixed-signal processing solutions, has announced that its President and CEO John Forsyth will present at the Oppenheimer Technology, Internet & Communications Conference on August 14, 2024, at 11:35 a.m. EDT. The presentation will be available via live webcast and replay on the company's investor relations website.
Cirrus Logic, headquartered in Austin, Texas, is known for creating innovative user experiences for top mobile and consumer applications. The company is also recognized globally for its award-winning corporate culture. This presentation offers an opportunity for investors and analysts to gain insights into Cirrus Logic's strategies and market position.
Cirrus Logic (NASDAQ: CRUS) reported fiscal Q1 2025 revenue of $374.0 million, exceeding guidance due to stronger-than-expected smartphone shipments. The company began production of custom boosted amplifiers and 22nm smart codecs for upcoming smartphone launches. GAAP EPS was $0.76, while non-GAAP EPS reached $1.12. Gross margin stood at 50.5% (GAAP) and 50.6% (non-GAAP).
For Q2 FY25, Cirrus Logic forecasts revenue between $490 million and $550 million, with GAAP gross margin expected to be 50-52%. The company is focusing on product and end-market diversification, seeing strong design activity in laptops and introducing new data converters for various applications.
Cirrus Logic (NASDAQ: CRUS) has announced it will release its first quarter fiscal year 2025 financial results and business outlook on Tuesday, August 6, at approximately 4 p.m. EDT. The information will be available on the company's Investor Relations website. Following the release, Cirrus Logic will host a live Q&A webcast session at 5 p.m. EDT to address questions related to the financial results and business outlook. For those unable to attend the live session, a replay will be available on the website shortly after the call's completion. Alternatively, interested parties can access the replay by dialing (609) 800-9909 or toll-free at (800) 770-2030 (Access Code: 95424).
Cirrus Logic (Nasdaq: CRUS) has launched new digital-to-analog converters (DACs) and an ultra-high-performance audio CODEC, enhancing its Pro Audio product family. The new devices, including the CS4308P, CS4304P, CS4302P DACs, and CS4282P CODEC, offer superior audio fidelity targeted at musicians, live entertainers, and recording engineers. These products feature hybrid gain control, advanced digital filters, and high efficiency, with power consumption as low as 10 mW/ch and sample rates up to 768 kHz. The CS4304/8P DACs and CS4282P CODEC are available for order now, while the CS4302P DAC will be available later in the year.
Cirrus Logic (Nasdaq: CRUS) has announced participation in two upcoming investor conferences. CEO John Forsyth will present at the Cowen 52nd Annual Technology, Media & Telecom Conference in New York on May 29 at 9:05 a.m. EDT and at the Stifel 2024 Cross Sector Insight Conference in Boston on June 4 at 8:35 a.m. EDT. The presentations will be webcast live and available for replay on the company's investor relations website. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications and is based in Austin, Texas.
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