Just caught Cirrus Logic's latest quarterly numbers and they're looking pretty solid. The company pulled in $580.6M in revenue, up 4.5% year-over-year, which is steady growth in what's been a tricky market. What caught my eye though is the bottom line - earnings came in at $140.3M compared to $116M last year, so that's a meaningful jump. Per share they're at $2.66 versus $2.11 previously. Even the adjusted numbers look decent at $2.97 per share when you strip out the one-time items. Cirrus has been one of those companies that doesn't get as much attention as the mega-cap tech names, but the earnings momentum is there. Revenue growth of 4.5% might not sound crazy on paper, but in this environment it's respectable. Definitely worth keeping on the radar if you're looking at semiconductor and audio chip exposure.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin