Latest news with #CRUS
Yahoo
5 days ago
- Business
- Yahoo
Cirrus Logic Inc (CRUS) Q1 2026 Earnings Call Highlights: Strong Revenue Performance Amidst ...
Revenue: $407.3 million, above the top end of guidance range; down 4% sequentially, up 9% year-over-year. Gross Profit: Non-GAAP gross profit of $214.3 million. Gross Margin: Non-GAAP gross margin of 52.6%. Operating Expenses: Non-GAAP operating expense of $119.5 million. Operating Income: Non-GAAP operating income of $94.9 million, 23.3% of revenue. Net Income: Non-GAAP net income of $80.3 million. Earnings Per Share (EPS): $1.51 for the June quarter. Cash and Investments: $847.8 million at the end of the June quarter. Inventory: $279 million, down from $299.1 million in the prior quarter. Cash Flow from Operations: $116.1 million in the June quarter. CapEx: $2.8 million in the June quarter. Free Cash Flow Margin: 28% for the June quarter. Share Buybacks: $100 million used to repurchase approximately 1 million shares. Q2 Fiscal 2026 Revenue Guidance: Expected range of $510 million to $570 million. Q2 Fiscal 2026 Gross Margin Guidance: Expected range of 51% to 53%. Q2 Fiscal 2026 Operating Expense Guidance: Expected range of $131 million to $137 million. Warning! GuruFocus has detected 7 Warning Signs with ALAB. Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Cirrus Logic Inc (NASDAQ:CRUS) delivered revenue of $407.3 million for the June quarter, exceeding the top end of their guidance range due to strong demand for smartphones. The company is maintaining a strong leadership position in the flagship smartphone audio business, with new products like the custom boosted amplifier and 22 nanometer smart codec contributing to customer product performance. Cirrus Logic Inc (NASDAQ:CRUS) is expanding its high-performance mixed signal solutions, particularly in camera controllers, which shows potential for market expansion and revenue diversification. The company is making progress in diversifying its business into new markets such as laptops, with new PC amplifiers and codecs designed into several new laptops expected to ship in late calendar '25. Cirrus Logic Inc (NASDAQ:CRUS) has a strong balance sheet with $847.8 million in cash and investments and no debt, providing financial stability and flexibility for future investments. Negative Points Revenue was down 4% sequentially, primarily due to lower smartphone unit volumes, indicating potential volatility in demand. Non-GAAP gross margin decreased sequentially to 52.6% due to a less favorable product mix and a return to a more typical pricing environment. Operating expenses increased year-over-year by $1.5 million, largely due to higher employee-related costs, which could impact profitability. The company anticipates that sales will be more weighted towards the first half of the fiscal year, which may indicate potential challenges in maintaining revenue momentum in the latter half. There is uncertainty regarding the impact of the One Big Beautiful Bill Act on the company's tax obligations, which could affect future financial results. Q & A Highlights Q: What drove the significant difference between Cirrus Logic's expected and actual results for the quarter? A: John Forsyth, CEO, explained that the strong demand for smartphones was a major factor. There were no content surprises, but they shipped more content in smartphones than ever before. The demand remained robust during a typically slower period, and the launch of a lower-cost product earlier in the year contributed. While they shipped to customer demand, it's difficult to quantify how much was due to tariff-related pull-ins or demand pull-ahead. Q: Can you provide an update on Cirrus Logic's diversification efforts outside of its largest customer, particularly in the PC and automotive sectors? A: John Forsyth, CEO, noted that while automotive is still in early stages, they see opportunities in audio, haptics, and timing products. In the PC sector, they are making progress with new codec and amplifier products, and the collaboration with Compal aims to improve audio quality in laptops. They are also breaking into mainstream categories, which is significant for driving revenue. Q: How should we think about the seasonality of Cirrus Logic's revenue, given the shift towards the first half of the fiscal year? A: John Forsyth, CEO, explained that several factors are contributing to this shift, including potential pull-ins of demand, earlier availability of parts due to a more complex supply chain, and the growing quantity of camera content, which is shipped earlier. These factors are tilting the demand pattern more towards the first half of the year. Q: What are Cirrus Logic's opportunities in AI, and how do they plan to capitalize on them? A: John Forsyth, CEO, stated that they aim to be enablers for AI features, particularly in voice-centric devices and power efficiency. They see AI unlocking conversational interfaces across various devices, and they plan to leverage their expertise in voice capture, processing, and power management to support these advancements. Q: How does the inventory outlook for the September quarter relate to Cirrus Logic's commitments with GlobalFoundries? A: Jeff Woolard, CFO, mentioned that the expected decrease in inventory is primarily due to the trailing off of commitments with GlobalFoundries. They are managing customer demand and their contract, aiming to reach their inventory sweet spot. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Cirrus Logic (CRUS) Announces Launch of Latest Additions to The Pro Audio Product Family
Cirrus Logic, Inc. (NASDAQ:CRUS) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On June 24, the company announced the launch of its latest additions to the Pro Audio product family- 2 analog-to-digital converters (ADCs) and 2 digital-to-analog converters (DACs) that are designed to provide exceptional audio performance at a cost-effective price point. Further to the success of Cirrus Logic, Inc. (NASDAQ:CRUS)'s professional audio components, the new ADCs and DACs expand its product portfolio. A technician in a lab coat inspecting a semiconductor processor on a microscope. Through the broadening of its portfolio, Cirrus Logic, Inc. (NASDAQ:CRUS) is giving customers access to its technology not only for high-end products but also for mid-tier devices. This ensures consistent, outstanding quality throughout all levels of audio equipment. With a rich portfolio of products and a healthy pipeline of innovations in development, Cirrus Logic, Inc. (NASDAQ:CRUS) remains focused on capitalizing on opportunities to further broaden its technology and market reach. In FY 2025, Cirrus Logic, Inc. (NASDAQ:CRUS) started shipping the latest generation of its boosted amplifier and first 22-nanometer smart codec, grew momentum in the laptop market, and rolled out a series of general market components expanding its product portfolio and revenue opportunities throughout a number of markets. Cirrus Logic, Inc. (NASDAQ:CRUS) is a fabless semiconductor company that is engaged in developing mixed-signal processing solutions and audio products. While we acknowledge the potential of CRUS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Business Insider
20-05-2025
- Business
- Business Insider
Cirrus Logic enters strategic collaboration with Compal Electronics
Cirrus Logic (CRUS) 'announced a strategic collaboration with Taiwan's Compal Electronics to develop AI technology aimed at solving persistent audio quality challenges in laptop computers. The partnership will leverage Cirrus Logic's expertise in audio processing and Compal's manufacturing excellence to address mechanical rattle and audio distortion issues that have long plagued the PC industry. This initiative represents Cirrus Logic's first AI audio technology designed specifically for the PC market, with prototypes scheduled for demonstration at Computex 2025 in Taipei.' Confident Investing Starts Here:
