Cirrus Logic, Inc. (CRUS) Tops Q2 EPS by 36c, Q4 Revenue Guidance Beats

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q2 EPS of $1.26, $0.36 better than the analyst estimate of $0.90. Revenue for the quarter came in at $347.3 million versus the consensus estimate of $310.56 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q3 2021 revenue of $440-480 million, versus the consensus of $354.4 million.

• GAAP gross margin to be between 50 percent and 52 percent; and
• Combined GAAP R&D and SG&A expenses 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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