Cirrus Logic, Inc. (CRUS) Misses Q4 EPS by 5c; Guides Below

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q4 EPS of $0.66, $0.05 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $293.5 million versus the consensus estimate of $302.47 million.

“In FY21 the company delivered solid revenue, operating profit and EPS growth, driven by both content gains and higher unit volumes,” said John Forsyth, chief executive officer. “In the past year we increased the penetration of our audio solutions in smartphones, expanded the range of end products containing our audio and haptic components and made significant progress diversifying our mixed-signal product portfolio with key product launches in new areas. While supply constraints had some impact on our Q4 revenue results and Q1 outlook, we have a really exciting pipeline of new components ramping this year, and expect revenue growth to accelerate in FY22.”

GUIDANCE:

Cirrus Logic, Inc. sees Q1 2022 revenue of $240-280 million, versus the consensus of $312.36 million.

For earnings history and earnings-related data on Cirrus Logic, Inc. (CRUS) click here.

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