Cirrus Logic (NASDAQ:CRUS) Issues Quarterly Earnings Results

Cirrus Logic (NASDAQ:CRUS) issued its quarterly earnings results on Tuesday. The semiconductor company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.60, FiscalAI reports. Cirrus Logic had a net margin of 19.48% and a return on equity of 19.59%. The business had revenue of $580.62 million for the quarter, compared to analysts’ expectations of $531.43 million. During the same quarter last year, the company posted $2.51 EPS. The company’s revenue was up 4.5% compared to the same quarter last year.

Here are the key takeaways from Cirrus Logic’s conference call:

• Cirrus reported a quarterly beat with $580.6M revenue (above guidance), record non‑GAAP EPS of $2.97, strong operating cash flow of $290.8M, and ending cash & investments of $1.08B (also repurchased $70M of stock).
• Q4 guidance of $410–$470M implies a sizable sequential decline and the company disclosed its largest customer accounted for roughly 94% of revenue, highlighting significant customer concentration risk.
• Management highlighted product momentum — strong demand for its latest custom‑boosted amplifier and 22nm smart codec in smartphones, early PC ramps and sampling of a voice‑focused codec that could materially increase ASPs and begin contributing in calendar 2027–2028.
• General‑market sales were pressured by a strategic pullback from Android and multiple product end‑of‑life unwindings, but the company is investing in PCs, prosumer/pro audio, and automotive (citing a potential automotive SAM of >$800M by 2029) as offsetting long‑term growth paths.

Cirrus Logic Price Performance

NASDAQ CRUS opened at $124.58 on Wednesday. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $136.92. The business has a 50 day simple moving average of $123.23 and a two-hundred day simple moving average of $119.64. The stock has a market capitalization of $6.36 billion, a PE ratio of 17.70 and a beta of 1.12.

Cirrus Logic News Summary

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Q3 beat on both EPS and revenue — Cirrus reported stronger-than-expected results (EPS ~$2.97; revenue ~$580.6M), beating consensus and showing year-over-year revenue growth, which supports the company’s underlying demand trends. Cirrus Logic (CRUS) Q3 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Company provided Q4 revenue guidance range ($410M–$470M) that sits above some sell‑side revenue estimates but commentary around margins and EPS was ambiguous on the call — investors may be parsing the slides/transcript for clarity on profitability versus top‑line strength. See the earnings call transcript for management tone. Q3 2026 Earnings Call Transcript
• Negative Sentiment: Analyst downgrade — Loop Capital cut CRUS from Buy to Hold and set a $130 price target, reducing near‑term bullish conviction and likely contributing to seller pressure. Loop Capital Downgrades Cirrus Logic (NASDAQ:CRUS) to Hold
• Negative Sentiment: Mixed forward view / market skepticism — some headlines and analysts interpret the company’s guidance and semiconductor sector repricing as reasons the stock may be overvalued or that Q4 profit guidance is disappointing, amplifying volatility. Cirrus Logic Posts Strong Q3 Results, Guides Lower Q4

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CRUS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. Benchmark increased their price objective on shares of Cirrus Logic from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. Williams Trading set a $150.00 target price on shares of Cirrus Logic in a research note on Wednesday, November 5th. Barclays set a $110.00 price target on Cirrus Logic in a research note on Wednesday. Finally, Loop Capital downgraded Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.57.

Insider Activity at Cirrus Logic

In related news, EVP Andrew Brannan sold 8,913 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $119.06, for a total value of $1,061,181.78. Following the completion of the transaction, the executive vice president directly owned 5,950 shares of the company’s stock, valued at approximately $708,407. This trade represents a 59.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.16% of the company’s stock.

Hedge Funds Weigh In On Cirrus Logic

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Cirrus Logic by 2.2% during the 3rd quarter. Sei Investments Co. now owns 926,958 shares of the semiconductor company’s stock valued at $116,140,000 after purchasing an additional 20,381 shares during the period. Caisse de depot et placement du Quebec raised its stake in Cirrus Logic by 2.1% in the third quarter. Caisse de depot et placement du Quebec now owns 524,969 shares of the semiconductor company’s stock worth $65,773,000 after buying an additional 11,006 shares in the last quarter. UBS Group AG raised its stake in Cirrus Logic by 50.1% in the third quarter. UBS Group AG now owns 342,189 shares of the semiconductor company’s stock worth $42,873,000 after buying an additional 114,172 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Cirrus Logic by 1.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 301,378 shares of the semiconductor company’s stock valued at $37,760,000 after acquiring an additional 3,517 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Cirrus Logic by 6.0% in the 3rd quarter. Lazard Asset Management LLC now owns 262,695 shares of the semiconductor company’s stock valued at $32,913,000 after acquiring an additional 14,843 shares during the period. 87.96% of the stock is currently owned by institutional investors.

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.