Cirrus Logic, Inc. (CRUS) Tops Q3 EPS by 88c, Offers Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q3 EPS of $2.89, $0.88 better than the analyst estimate of $2.01. Revenue for the quarter came in at $619 million versus the consensus estimate of $540.07 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q4 2024 revenue of $290-350 million, versus the consensus of $332 million.

• Revenue is expected to range between $290 million and $350 million;
• GAAP gross margin is expected to be between 49 percent and 51 percent; and
• Combined GAAP R&D and SG&A expenses are anticipated to range between $138 million and $144 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $114 million and $120 million.

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AXT appoints Tracy Liu to its board of directors
• Goldman reinstates Estee Lauder rating, sees turnaround driving growth and margins