Cirrus Logic Inc. has reported third-quarter fiscal 2026 revenues of $580.62 million, exceeding expectations by 8.6% and generating a net income of $140.31 million. Analysts project the company will earn $440 million in the current quarter and achieve total annual revenues of $1.94 billion, indicating a steady growth trajectory. Despite facing challenges such as customer concentration risks and a fluctuating global market, Cirrus remains optimistic, bolstered by a Zacks Rank of 'Strong Buy' and its ongoing diversification into new markets.
“In the mid-2010s, Wall Street became smitten with finding the next iPhone supplier... Cirrus Logic Inc. (CRUS)... Yet, Apple was often a terrible customer. The smartphone maker famously demanded low prices and high quality, making it almost impossible for physical hardware makers to turn a profit.”
“The charts of many iPhone supplier stocks ended up looking like Mount Everest. Here’s an early-2010s one from semiconductor supplier Cirrus Logic…”
“The dependency of Cirrus Logic on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.”
“For the current fiscal quarter, it is anticipated by Wall Street analysts that Cirrus Logic will post revenues of $440 million, which reflects an increase of 3.7% the same quarter in the previous year.”
“Analysts expect the company to report a total annual revenue of $1.94 billion for the full year, marking an increase of 2.4% compared to last year.”
“At present, Cirrus Logic holds a Zacks Rank #1 (Strong Buy). This ranking implies that its near-term performance might beat the overall market movement.”
“Cirrus Logic, Inc. (NASDAQ:CRUS) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 8.6% to hit US$581m.”
“Following the latest results, Cirrus Logic's six analysts are now forecasting revenues of US$2.06b in 2027. This would be an okay 4.5% improvement in revenue compared to the last 12 months.”
“there's been a definite increase in optimism about Cirrus Logic's future following the latest results, with a great increase in the earnings per share forecasts in particular.”
“it is expected to perform worse than the wider industry. The consensus price target held steady at US$145, with the latest estimates not enough to have an impact on their price targets.”
“Cirrus Logic reported past third-quarter fiscal 2026 results with revenue of US$580.62 million and net income of US$140.31 million, beating analyst expectations and issuing fourth-quarter revenue guidance of US$410 million to US$470 million.”
“The company also completed a US$155.97 million share repurchase program and highlighted progress expanding beyond smartphones into PCs, AI-enabled voice products, and automotive haptics.”
