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 (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.
Cirrus Logic (Nasdaq: CRUS) has launched the CS35L45 boosted amplifier, enhancing audio quality for smartphones and tablets. Key features include a 15 V output, higher peak loudness of up to 30% compared to previous models, and adaptive battery management for improved efficiency. The CS35L45 aims to meet the growing consumer demand for better sound, as 40% of users have increased speaker mode usage during the pandemic. This smart amplifier offers advanced speaker protection and is designed for easy integration into next-generation mobile devices.
Cirrus Logic, Inc. (Nasdaq: CRUS) has announced that its President and CEO, John Forsyth, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2 at 4:15 p.m. EST. A live webcast of the presentation will be accessible on the company's investor relations website. An archived replay will also be available post-event.
Cirrus Logic (Nasdaq: CRUS) reported strong Q3 fiscal year 2021 results with revenue of $485.8 million, surpassing guidance. The gross margin was 51.8%, with GAAP earnings per share at $1.91. The company anticipates Q4 revenue between $280 million and $320 million and has authorized an additional $350 million for share repurchases. CEO John Forsyth expressed optimism regarding demand from smartphone manufacturers and ongoing product innovation. A Q&A session is scheduled for further insights on financial results and outlook.
Cirrus Logic, Inc. (Nasdaq: CRUS) will release its third quarter fiscal year 2021 financial results and business outlook on February 1 at 4 p.m. EST. A live Q&A session is scheduled for 5 p.m. EST to address shareholder questions. The company specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications. Interested shareholders can submit questions via email. A replay of the session will be available two hours post-call on their investor relations website.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President John Forsyth will present at the Barclays Global Technology, Media and Telecommunications Conference on December 10 at 10 a.m. EST. Investors can access a live webcast of the presentation on the company's investor relations website, where an archived replay will also be available afterward. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions, enhancing user experiences for leading mobile and consumer applications.
Cirrus Logic, Inc. (Nasdaq: CRUS) announced that Jason Rhode will step down as CEO and director on January 1, 2021. John Forsyth, the current president, will succeed him as CEO. Rhode will transition to an executive fellow role, focusing on customer relations and talent development. Additionally, David Tupman will take over as Chair of the Board. Rhode praised Forsyth's leadership skills and expressed confidence in the company's strategic direction. This leadership transition will be further discussed during the Q2 FY21 earnings call.
Cirrus Logic (Nasdaq: CRUS) reported Q2 FY21 revenue of $347.3 million, exceeding guidance, primarily driven by strong smartphone component sales. The company achieved a GAAP gross margin of 51.9% and earnings per share of $0.99. Looking ahead, Q3 FY21 revenue is projected between $440 million and $480 million. Notably, John Forsyth will succeed Jason Rhode as CEO effective January 1, 2021. The company also appointed David Tupman as chair of the Board, indicating a strategic leadership transition.
Cirrus Logic, Inc. (Nasdaq: CRUS) will release its second quarter fiscal year 2021 financial results and business outlook on Nov. 2 at 4 p.m. EST. A Q&A webcast will follow at 5 p.m. EST to discuss these results. Shareholders can submit questions via email. A replay of the session will be available two hours after the call ends. 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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