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) has announced upcoming presentations at two investor conferences. On June 1, CEO John Forsyth and CFO Venk Nathamuni will present at the Cowen 50th Annual Technology, Media & Telecom Conference in New York at 8:30 a.m. EDT. Following this, on June 7, the same executives will present at the Stifel 2022 Cross Sector Insight Conference in Boston at 1:15 p.m. EDT. Live webcasts of these events will be accessible on the Cirrus Logic investor relations website.
Cirrus Logic, Inc. (CRUS) reported strong financial results for the fourth quarter and fiscal year 2022, with revenues increasing by 30% year over year. The fourth quarter revenue reached $490 million and full-year revenue totaled $1.78 billion. GAAP earnings per share for the year were $5.52, while non-GAAP EPS was $6.90. Looking ahead, the company forecasts first-quarter FY23 revenues between $350 million and $390 million, with a gross margin of 49% to 51%. Cirrus Logic aims to leverage its expertise in mixed-signal processing to explore new markets and applications.
Cirrus Logic Inc. (NASDAQ: CRUS) announced the appointment of Venk Nathamuni as its new chief financial officer, effective April 18, 2022. With over 30 years of experience in the semiconductor industry, Venk brings expertise in corporate finance, strategy, and investor relations. He previously held senior roles at Arista Networks and Maxim Integrated Products. Thurman Case, the outgoing CFO, will remain in an advisory role until his retirement in November 2022. This leadership change aims to drive long-term revenue growth and enhance shareholder value.
Cirrus Logic (Nasdaq: CRUS) is set to announce its fourth quarter and full fiscal year 2022 financial results on May 3, at approximately 4 p.m. EDT. A live Q&A webcast will follow at 5 p.m. EDT to discuss the results and outlook. Investors can submit questions via email. A replay of the session will be available shortly after its conclusion. Cirrus Logic specializes in low-power mixed-signal processing solutions, serving leading mobile and consumer applications from its headquarters in Austin, Texas.
Cirrus Logic Inc. (NASDAQ: CRUS) has appointed Denise Grodé as its new Chief Human Resources Officer. With over 20 years of experience, Grodé is expected to enhance the company's HR strategy and support talent management globally. Previously, she served at Centene Corporation, where she led a human resources transformation. Her role includes fostering diversity and inclusion while strengthening corporate culture. Cirrus Logic is known for its low-power, high-precision mixed-signal processing solutions and is headquartered in Austin, Texas.
Cirrus Logic, Inc. (Nasdaq: CRUS) will have President and CEO John Forsyth present at the Morgan Stanley Technology, Media & Telecom Conference on March 7 at 1:15 p.m. PST. A live webcast of this presentation will be accessible through the company's investor relations website, with an archived replay available afterwards. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications.
Cirrus Logic, Inc. (CRUS) reported record revenue of $548.3 million for Q3 FY22, exceeding guidance, driven by high-performance mixed-signal content in smartphones. GAAP gross margin remained strong at 52.8%, with GAAP EPS at $2.16. The company is investing in technologies targeting sensing, power, and battery systems to diversify its portfolio. For Q4 FY22, revenue is projected between $400 million and $440 million, with expected gross margins between 51% and 53%.
Cirrus Logic, Inc. (NASDAQ: CRUS) will release its third-quarter fiscal year 2022 financial results and business outlook on January 31 at 4 p.m. EST. A live Q&A session will follow at 5 p.m. EST for shareholders to discuss the results. Participants can submit questions via email. The Q&A replay will be available two hours after the event on the company's website. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, serving top mobile and consumer applications.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced that CEO John Forsyth will present at the Barclays Global Technology, Media and Telecommunications Conference on Dec. 8 at 3:35 p.m. EST. A live webcast will be accessible via the company’s investor relations website, with an archived replay available after the event. Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions, headquartered in Austin, Texas.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced the planned retirement of Chief Financial Officer Thurman Case. Mr. Case, who has been with the company for 21 years, will assist in the transition to a new CFO following a thorough search for his successor. John Forsyth, president and CEO, praised Case's leadership and contributions, emphasizing the company's growth trajectory during his tenure. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, enhancing user experiences in mobile and consumer applications.
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