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Sep 28, 2024
Cirrus Logic Q2 2025 Earnings Report
Cirrus Logic reported record revenue and earnings per share for the September quarter.
Key Takeaways
Cirrus Logic reported record revenue and earnings per share driven by strong demand for smartphone products. The company also secured new design wins in the laptop market and began shipping its first power product.
Revenue reached $541.9 million.
GAAP gross margin was 52.2 percent.
GAAP earnings per share was $1.83.
Non-GAAP earnings per share was $2.25.
Revenue by Segment
Forward Guidance
Revenue is expected to range between $480 million and $540 million for Q3 FY25.
Positive Outlook
- GAAP gross margin is forecasted to be between 51 percent and 53 percent.
- Combined GAAP R&D and SG&A expenses are anticipated to range between $148 million and $154 million.
- Stock-based compensation expense is expected to be approximately $22 million.
- Amortization of acquired intangibles is expected to be $2 million.
- Non-GAAP operating expenses are anticipated to range between $124 million and $130 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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