Cirrus Logic Q3 revenue beats expectations

Overview

• Mixed-signal processing firm's fiscal Q3 revenue beat analysts' expectations

• Adjusted EPS for fiscal Q3 beat analysts' expectations

• Company expands market offerings with new prosumer and automotive product families

Outlook

• Cirrus Logic expects Q4 FY26 revenue between $410 mln and $470 mln

• Company forecasts Q4 FY26 GAAP gross margin between 51% and 53%

• Cirrus Logic anticipates Q4 FY26 non-GAAP operating expenses between $124 mln and $130 mln

Result Drivers

• SMARTPHONE COMPONENT DEMAND - Stronger-than-anticipated demand for components shipping into smartphones drove revenue above guidance, per CEO John Forsyth

• NEW PRODUCT FAMILIES - Co introduced new product families targeting prosumer and automotive markets to broaden general market offerings

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Cirrus Logic Inc is $150.00, about 14.9% above its February 2 closing price of $130.53

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw4VTtHRa

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