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Cirrus Logic, Inc. (CRUS) Tops Q1 EPS by 51c, provides guidance

August 6, 2024 4:02 PM EDT

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q1 EPS of $1.12, $0.51 better than the analyst estimate of $0.61. Revenue for the quarter came in at $374 million versus the consensus estimate of $318.41 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q2 2025 revenue of $490-550 million, versus the consensus of $485.3 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 $149 million and $155 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $125 million and $131 million.

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



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