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, Inc. (NASDAQ: CRUS) will release its Q4 and full fiscal year 2023 financial results and business outlook on May 4 at 4 p.m. EDT on its website. Following this, the company will conduct a live Q&A webcast at 6 p.m. EDT to address any inquiries regarding their financial results and outlook. A replay of this session will be accessible shortly after its completion. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, catering to top mobile and consumer applications.
Cirrus Logic (NASDAQ: CRUS) reported record revenue of $590.6 million for Q3 FY23, exceeding guidance due to strong smartphone demand. The GAAP gross margin was 50.2% with GAAP EPS at $1.83. The company's business outlook for Q4 FY23 predicts revenue between $340 million and $400 million, with gross margin expected between 49% and 51%. Operating expenses are anticipated to range from $153 million to $159 million, including various costs. The CEO highlighted ongoing product developments and opportunities for growth in new markets.
Cirrus Logic Inc. (NASDAQ: CRUS) will announce its third quarter fiscal year 2023 financial results and business outlook on February 2 at approximately 4 p.m. EST. Following this, a live Q&A webcast will take place at 6 p.m. EST to address questions regarding the financial performance. A replay will be accessible two hours post-event on their website.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President and CEO John Forsyth and CFO Venk Nathamuni will present at the Barclays Global Technology, Media and Telecommunications Conference in San Francisco, California on December 8, 2022 at 12:45 p.m. PST. A live webcast and replay will be available on the company’s investor relations website.
Cirrus Logic (Nasdaq: CRUS) reported a record Q2 revenue of $540.6 million for fiscal year 2023, exceeding guidance due to strong demand in smartphones. This marks the fifth consecutive record quarter. The company achieved a GAAP gross margin of 50.2% and earnings per share (EPS) of $1.52. For Q3 FY23, revenue is expected to be between $520 million and $580 million, with gross margin forecasted at 49% to 51%.
Cirrus continues to innovate in audio products and expand in adjacent markets, maintaining a strong outlook for future growth.
Cirrus Logic, Inc. (NASDAQ: CRUS) will release its second quarter fiscal year 2023 financial results on November 1 at 4 p.m. EDT. Following the earnings announcement, the company will host a live Q&A session at 5 p.m. EDT to discuss its financial performance and business outlook. Investors can access the replay of the Q&A session on the company’s website. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, serving top mobile and consumer applications globally.
Cirrus Logic (Nasdaq: CRUS) will present at the KeyBanc Technology Leadership Forum on August 8 at 9:00 a.m. MDT in Vail, Colorado. CFO
Cirrus Logic (Nasdaq: CRUS) announced a $500 million share repurchase program, adding to the remaining $136.1 million from a prior authorization. The company reported a record revenue of $393.6 million for Q1 FY23, exceeding guidance, driven by strong smartphone demand. GAAP earnings per share were $0.69, with non-GAAP EPS at $1.12. Forecasts for Q2 FY23 revenue range between $450 million and $490 million, with anticipated gross margins of 49% to 51%. A live Q&A will be held today to discuss results and outlook.
Cirrus Logic has announced that John Melanson, a senior technical fellow, has been awarded his 500th U.S. patent, marking him as one of the world's top inventors. His patents, which include innovations in audio and LED technology, have significantly impacted consumer electronics and environmental efficiency. Notable achievements include contributions to low-power digital signal processors for hearing aids and advancements in digital audio editing. Melanson holds 68 pending patents, further solidifying his influence in technology.
Cirrus Logic, Inc. (NASDAQ: CRUS) will release its first quarter fiscal year 2023 financial results on Tuesday, Aug. 2, at approximately 4 p.m. EDT. The company will also conduct a live Q&A webcast at 5 p.m. EDT to discuss these results and its business outlook. A replay of the session will be accessible two hours post-call via its website. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions.
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