Cirrus Logic Reports Fiscal Second Quarter Revenue of $540.6 Million

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Cirrus Logic (CRUS) PT Raised to $85 at Needham & Company

November 2, 2022 6:43 AM EDT

Needham & Company analyst Rajvindra Gill raised the price target on Cirrus Logic (NASDAQ: CRUS) to $85.00 (from $73.00) while maintaining a Buy rating following beat.

The analyst commented, "CRUS posted a strong beat and raise 2QF23, handily beating our below the Street... More

Cirrus Logic, Inc. (CRUS) Tops Q2 EPS by 54c, Offers Guidance

November 1, 2022 4:01 PM EDT

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q2 EPS of $1.99, $0.54 better than the analyst estimate of $1.45. Revenue for the quarter came in at $540.6 million versus the consensus estimate of $468.38 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q3 2023 revenue of $520-580 million, versus... More