Cirrus Logic, Inc. (CRUS) Tops Q3 EPS by 27c, Offers Q4 Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q3 EPS of $2.13, $0.27 better than the analyst estimate of $1.86. Revenue for the quarter came in at $485.8 million versus the consensus estimate of $460.8 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q4 2021 revenue of $280-320 million, versus the consensus of $297.8 million.

• GAAP gross margin is forecasted to be between 50 percent and 52 percent; and
• Combined GAAP R&D and SG&A expenses are anticipated to range between $121 million and $127 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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