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Cirrus Logic Inc   (CRUS)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $91.3000 $-0.67 -0.728%
Day's High: $93.4 Week Perf: 1.03 %
Day's Low: $ 91.22 30 Day Perf: 14.04 %
Volume (M): 730 52 Wk High: $ 111.15
Volume (M$): $ 66,603 52 Wk Avg: $81.71
Open: $92.16 52 Wk Low: $65.02



 Market Capitalization (Millions $) 5,076
 Shares Outstanding (Millions) 56
 Employees 1,596
 Revenues (TTM) (Millions $) 1,788
 Net Income (TTM) (Millions $) 176
 Cash Flow (TTM) (Millions $) 49
 Capital Exp. (TTM) (Millions $) 42

Cirrus Logic Inc

Cirrus Logic targets growing markets where we can leverage our expertise in analog and digital signal processing to solve complex problems. Our approach has been to develop custom and general market components that embody our latest innovations, which we use to engage key players in a particular market or application. We focus on building strong engineering relationships with our customers’ product teams and work to develop highly differentiated components that address their technical and price requirements across product tiers. Many of our products include programmable aspects and are comprised of our best-in-class hardware which incorporates software algorithms from some combination of our own intellectual property (“IP”), algorithms that have been ported to our platform by an ecosystem of third-party partners, and our customers’ IP. When we have been successful with this approach, one initial design win has often expanded into additional products. This strategy gives us the opportunity to increase our content with a customer over time through the incorporation of new features, the integration of other system components into our products and the addition of new components.

The following provides a detailed discussion regarding our portable audio and non-portable audio and other product lines:
Portable Audio Products: High-precision analog and mixed-signal components designed for mobile devices including smartphones, tablets, digital headsets, speakers and wearables.
Non-Portable Audio and Other Products: High-precision analog and mixed-signal components targeting the consumer market, including emerging smart home applications, and the automotive, energy and industrial markets.

PORTABLE AUDIO PRODUCTS
We are a leading supplier of analog and mixed-signal audio converter and digital signal processing products in many of today’s mobile applications. Providing a complete end-to-end solution from capture to playback, we have an extensive portfolio of products that target flagship and mid-tier devices, including “codecs” - chips that integrate analog-to-digital converters (“ADCs”) and digital-to-analog converters (“DACs”) into a single IC, “smart codecs” – codecs with digital signal processing integrated, boosted amplifiers, micro-electromechanical systems (“MEMS”) microphones, as well as standalone digital signal processors (“DSPs”). Additionally, the Company’s SoundClear® technology consists of a broad portfolio of tools, software and algorithms that help to differentiate our customers’ products by improving the user experience with features such as enhanced voice quality, voice capture and audio playback. Our products are designed for use in a wide array of portable applications, including smartphones, tablets, digital headsets, speakers, wearables, such as smart watches and smart bands, VR headsets and action cameras.

NON-PORTABLE AUDIO AND OTHER PRODUCTS
We provide high-precision analog and mixed-signal ICs for a variety of products in consumer applications, including the emerging smart home market, automotive, industrial and energy. The Company supplies a wide range of products including ICs, codecs, ADCs, DACs, digital interfaces and amplifiers. Within the consumer market our products are utilized in laptops, audio/video receivers (AVRs”), home theater systems, set-top boxes, musical instruments and professional audio products. Applications for products in the automotive market include satellite radio systems, telematics and multi-speaker car-audio systems. Our products are also used in a wide array of high-precision industrial and energy-related applications including digital utility meters, power supplies, energy control, energy measurement, and energy exploration applications.



   Company Address: 800 W. 6th Street Austin, 78701 TX
   Company Phone Number: 851-4000   Stock Exchange / Ticker: NASDAQ CRUS
   


Customers Net Income grew by CRUS's Customers Net Profit Margin grew to

37.46 %

14.37 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADI   -2.04%    
MXL   -2.86%    
ON   -2.54%    
QRVO   -0.86%    
SWKS        0.63% 
TXN   -1.45%    
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Cirrus Logic Inc

Respectable Double Digit EPS Rise by 36.61% Showcases Cirrus Logic Inc's Resilience and Strategic Positioning in the Third Quarter of 2024 Earnings Season



Cirrus Logic Inc managed to defy the prevailing trend within the semiconductor industry by reporting impressive financial results for the third quarter of the 2024 earnings season. The company's earnings per share (EPS) witnessed a significant increase, outpacing the revenue growth, showcasing its resilience and strategic positioning. While most of its peers grappled with revenue reductions, Cirrus Logic Inc demonstrated top-line advancement during the period. Additionally, the appointment of Deirdre Hanford as CEO of the National Center for the Advancement of Semiconductor Technology (Natcast) further reinforces the company's commitment to innovation and advancement.
Financial Performance
Cirrus Logic Inc reported a profit per share increase of 36.61% to $2.50 per share for the third quarter of the 2024 earnings season. In comparison, revenue advanced by 4.721% to $618.46 million from the same quarter a year ago. This impressive growth in EPS, despite a moderate increase in revenue, underscores the strategic decisions and efficiency measures implemented by the company.

Product Service News

Strengthened Thrust in Semiconductor Technology: Deirdre Hanford to Spearhead Natcast as New CEO Amidst Rising Sales for Cirrus Logic Inc

Published Tue, Jan 30 2024 9:00 PM UTC

It is a celebratory moment for the semiconductor ecosystem in the United States as Deirdre Hanford, a dynamic member of the governing board of Cirrus Logic Inc, has been appointed as the Chief Executive Officer of the National Center for the Advancement of Semiconductor Technology (Natcast) - the soon to be operational CHIPS for America National Semiconductor Technology Cent...

Cirrus Logic Inc

Cirrus Logic Inc's Q3 2023 Earnings Take a Dip: Revenue Softens due to Unforeseen Factors

Cirrus Logic Inc, a tech company based in Austin, Texas, recently reported a decline in both revenue and profits for the period between July and September 2023. Income fell by 11.84% to $1.34 per share, while revenue dropped by 11.095% compared to the same period the previous year. Revenue for this period reached $480.60 million, down from $540.57 million in the previous year.
However, there was some positive growth in comparison to the previous quarter. Earnings per share (EPS) more than doubled from $0.28 per share, a surge of 378.57%. Revenue also experienced a significant increase of 51.901% from $316.39 million.

Cirrus Logic Inc

Dramatic Slump in Income per Share for Cirrus Logic Inc., Financial Report Reveals a 59.42% Drop in Earnings

Cirrus Logic Inc, a semiconductor company specializing in audio and voice signal processing, has seen its stock make significant gains over the past week and year. In the last five trading days, the stock has recorded a solid gain of 5.35%, while over the past 12 months, it has surged by an impressive 85.46%. This positive performance is even more notable considering the fact that the stock currently trades 31.6% above its 52-week low.
However, the recent financial report released by the company on June 24, 2023, reveals some concerning figures. Cirrus Logic Inc announced soft top-line and bottom-line results, with both earnings per share and revenue experiencing substantial declines compared to the previous year. Earnings per share plummeted by -59.42%, and revenue fell by -19.625% year on year. Revenue dropped from $393.64 million to $316.39 million, while earnings per share decreased from $0.69 to $0.28.

Cirrus Logic Inc

Cirrus Logic Inc Registers Three-Month Fiscal Shortfall Amid Decreased Demand

Cirrus Logic Inc, a prominent semiconductor company, recently reported an increase in shortfall per share for the Mar 25, 2023 report. This increase is the result of declining orders, which led to a significant dip in revenue by 20.687% to $372.82 million from $470.06 million a year ago. In contrast to the Q3 Revenue, the company's bottom-line tumbled by 36.872% from $590.58 million and earnings per share (EPS) dropped from $1.83 per share.
For the most recent fiscal period, the company recorded a net shortfall of $53.669 million, which is a significant decline from the earnings of $67.142 million in the comparable reporting season a year before. Financial reports for the financial year 2023 show that CRUS announced revenue of $1.90 billion and a bottom-line of $176.70 million. The company also revealed that income per share faded by 44.02% to $3.09 per share from $5.52 in the previous financial year, while revenues increased by 6.52% from $1.78 billion a year ago.






 

Cirrus Logic Inc's Segments
 
 
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