Analysts Set Expectations for Cirrus Logic Q2 Earnings

Key Points

• Cirrus Logic is projected to report earnings of **$2.10 per share** for Q2 2026, with full-year earnings estimates at **$5.63 per share** according to Zacks Research.
• The company's stock is rated as a **"Moderate Buy"** with an average target price of **$128.00**, following upgrades from multiple equity analysts.
• Cirrus Logic recently beat analysts' expectations with **$1.51 EPS** reported for its last quarter, exceeding the consensus estimate of **$1.07** by **$0.44**.

Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) - Research analysts at Zacks Research issued their Q2 2026 earnings estimates for Cirrus Logic in a report released on Tuesday, October 21st. Zacks Research analyst Team anticipates that the semiconductor company will post earnings of $2.10 per share for the quarter. The consensus estimate for Cirrus Logic's current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic's Q3 2026 earnings at $1.93 EPS, FY2026 earnings at $5.99 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $2.14 EPS, Q4 2027 earnings at $1.21 EPS, FY2027 earnings at $6.01 EPS and Q2 2028 earnings at $2.14 EPS.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS.

Several other equities analysts have also recently issued reports on the company. Susquehanna upped their price objective on Cirrus Logic from $140.00 to $155.00 and gave the company a "positive" rating in a research report on Wednesday. Stifel Nicolaus raised their target price on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, October 17th. Wall Street Zen upgraded Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.00.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock opened at $128.92 on Thursday. The company has a 50-day simple moving average of $120.11 and a two-hundred day simple moving average of $107.00. The stock has a market capitalization of $6.62 billion, a PE ratio of 20.18 and a beta of 1.09. Cirrus Logic has a 52-week low of $75.83 and a 52-week high of $131.87.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 734 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $131.25, for a total transaction of $96,337.50. Following the completion of the transaction, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,452,793.75. This represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president directly owned 5,698 shares of the company's stock, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,187 shares of company stock valued at $3,918,128 in the last ninety days. Corporate insiders own 1.16% of the company's stock.

Institutional Trading of Cirrus Logic

Several hedge funds and other institutional investors have recently bought and sold shares of CRUS. Diversified Trust Co raised its stake in shares of Cirrus Logic by 0.9% during the third quarter. Diversified Trust Co now owns 8,974 shares of the semiconductor company's stock valued at $1,124,000 after acquiring an additional 78 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Cirrus Logic by 1.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 5,739 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System raised its position in Cirrus Logic by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company's stock valued at $1,564,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Cirrus Logic by 3.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,394 shares of the semiconductor company's stock worth $354,000 after buying an additional 107 shares during the period. Finally, Somerset Trust Co grew its position in shares of Cirrus Logic by 3.5% during the 2nd quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company's stock worth $343,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

About Cirrus Logic

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.

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