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 reported a remarkable 34% year-over-year revenue growth for Q2 FY22, achieving $465.9 million in revenue and a GAAP EPS of $1.43. The company has successfully expanded its high-performance mixed-signal product line, with this segment contributing 30% to total revenue in the first half of FY22, growing 117% year-over-year. The outlook for Q3 FY22 predicts revenue between $490 million and $530 million, with gross margins between 50% and 52%.
Cirrus Logic, Inc. (Nasdaq: CRUS) will release its Q2 fiscal year 2022 financial results and business outlook on November 1 at 4 p.m. EDT. A live Q&A session will follow at 5 p.m. EDT, allowing shareholders to submit questions via email.
A replay of the session will be available on their website.
Cirrus Logic, Inc. (NASDAQ: CRUS) has appointed Raghib Hussain to its Board of Directors, effective September 29. Hussain, currently the president of Products and Technologies at Marvell Technology, brings extensive experience from his previous role as co-founder and CTO of Cavium, which was acquired by Marvell. His background includes over 40 patents in networking and security, and he holds degrees from NED University and San Jose State University. This addition aims to enhance Cirrus Logic's strategic direction in mixed-signal products.
Cirrus Logic, Inc. (Nasdaq: CRUS) has announced its participation in two upcoming investor conferences. On August 10, CFO Thurman Case and Director David Biven will present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference at 2:05 p.m. EDT. The next day, August 11, CFO Thurman Case and VP Carl Alberty will present at the KeyBanc Capital Markets' 2021 Technology Leadership Forum at 12:40 p.m. EDT. Live webcasts of these presentations will be available on the company's investor relations website.
Cirrus Logic (CRUS) reported a 14% year-on-year revenue increase for Q1 FY22, totaling $277.3 million. The company highlighted strong momentum in sales, particularly in the Android market, and announced shipments with a leading laptop OEM. Gross margins were reported at 50.5% (GAAP) and 50.6% (non-GAAP). Looking ahead, Q2 FY22 revenue is expected between $430 million and $470 million, with gross margins forecasted at 50%-52%. Significant investments in power-related products and a new partnership with GlobalFoundries are set to bolster growth.
Cirrus Logic, Inc. (Nasdaq: CRUS) has agreed to acquire Lion Semiconductor for $335 million in cash. This strategic acquisition aims to enhance Cirrus Logic's growth in high-performance mixed-signal markets, leveraging Lion's fast-charging technologies and intellectual property. The transaction is expected to generate approximately $60 million in revenue before the end of FY22 and be immediately accretive to both GAAP and non-GAAP earnings per share. The deal has been approved by both companies' boards and is projected to close within 30 days, subject to customary conditions.
Cirrus Logic (Nasdaq: CRUS) will release its Q1 FY 2022 financial results on July 28 at 4 p.m. EDT. This will be followed by a live Q&A session at 5 p.m. EDT, where shareholders can inquire about the financial performance and outlook. A replay will be available on the investor relations website and via phone shortly after the session concludes. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, providing innovative technology for mobile and consumer applications.
Cirrus Logic, Inc. (Nasdaq: CRUS) will present at several upcoming investor conferences. On June 2, CEO John Forsyth speaks at the Cowen 49th Annual Technology, Media & Telecom Conference at 1:10 p.m. EDT. CFO Thurman Case and VP Carl Alberty will present at the Bank of America 2021 Global Technology Conference on June 8 at 4 p.m. EDT. Finally, John Forsyth will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9 at 1:20 p.m. EDT. Live webcasts will be available on their investor relations website.
Cirrus Logic (Nasdaq: CRUS) reported solid financial results for Q4 and FY21, with Q4 revenue of $293.5 million and full-year revenue of $1.37 billion. The company achieved a GAAP gross margin of 50.5% and EPS of $0.42 for Q4, while FY21 EPS was $3.62. Despite supply constraints affecting Q4 results and the Q1 outlook, the firm anticipates revenue growth in FY22, backed by new product launches in audio and mixed-signal technologies. Upcoming Q1 revenue is projected between $240 million and $280 million.
Cirrus Logic, Inc. (Nasdaq: CRUS) will release its fourth quarter and full fiscal year 2021 financial results on April 29 at 4 p.m. EDT. A live Q&A webcast will follow at 5 p.m. EDT to discuss the results and business outlook. Shareholders can submit questions via email. A replay will be available two hours after the call on the investor relations website or via a provided phone number.
Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications, with headquarters in Austin, Texas.
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