Cirrus Logic, Inc. (CRUS) Tops Q1 EPS by 23c, Offers Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q1 EPS of $0.53, $0.23 better than the analyst estimate of $0.30. Revenue for the quarter came in at $242.6 million versus the consensus estimate of $225.18 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q2 2021 revenue of $290-330 million, versus the consensus of $315 million.

• GAAP gross margin to be between 51 percent and 53 percent; and
• Combined GAAP R&D and SG&A expenses to range between $114 million and $120 million, including approximately $15 million in stock-based compensation expense and $3 million in amortization of acquired intangibles.

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

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