Cirrus Logic - iPhone Super Cycle Drives Strong Outlook!
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Business Drivers: Cirrus Logic (CRUS) is one of the leading players in mixed-signal solutions, with Apple being among its client base for smartphone audio components. New products like the 22-nanometer Smart Codec, positioning itself in the automotive and professional audio sectors, are expected to provide fresh momentum in the medium term. On February 3, the adjusted EPS surprised with a significant increase from $2.51 to $2.97 (consensus: $2.51). Additionally, it also topped revenue expectations with a rise of 4.48% to $580.62 million,...
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