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Dec 28, 2024
Cirrus Logic Q3 2025 Earnings Report
Cirrus Logic's revenue exceeded expectations due to strong smartphone audio component demand and momentum in the laptop business.
Key Takeaways
Cirrus Logic reported fiscal third quarter revenue of $555.7 million, significantly above the top end of their guidance range. The company experienced strong demand for smartphone audio components and gained momentum in the laptop business. GAAP earnings per share was $2.11 and non-GAAP earnings per share was $2.51.
Revenue of $555.7 million was reported.
GAAP and non-GAAP gross margin was 53.6 percent.
GAAP earnings per share was $2.11 and non-GAAP earnings per share was $2.51.
Revenue was significantly above the top end of guidance due to smartphone shipments exceeding expectations.
Cirrus Logic
Cirrus Logic
Forward Guidance
Revenue is expected to range between $350 million and $410 million. 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 $141 million and $147 million, including approximately $20 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $119 million and $125 million.