earnings
confidence high
sentiment positive
materiality 0.75
Cirrus Logic reports Q2 FY25 record revenue $541.9M; GAAP EPS $1.83, non-GAAP $2.25; guides Q3 rev $480-540M
CIRRUS LOGIC, INC.
2025-Q2 EPS
reported $2.59
vs consensus $1.12
▲ beat
(+131.7%)
- Revenue $541.9M (+13% YoY, +45% QoQ), near top of guidance range; record September quarter.
- GAAP EPS $1.83 vs $1.34 YoY; non-GAAP EPS $2.25 vs $1.80 YoY; gross margin 52.2% (+90bps YoY).
- Q3 FY25 guidance: revenue $480-540M (down ~6% seq, down 18% YoY at midpoint); GM 51-53%.
- Began shipping next-gen custom boosted amplifier and 22nm smart codec in new smartphones; secured first high-volume PC codec design win; shipped first laptop power product to tier-1 customers.
- Repurchased $50M in shares at avg $140.26; cash $706.6M; one customer ~90% of revenue.