Cirrus Logic (CRUS) Projected to Post Earnings on Tuesday

Key Points

• Cirrus Logic is expected to release its Q1 2026 earnings on August 5th, with analysts forecasting earnings of $1.07 per share and revenue of $361.97 million.
• The company recently announced a stock repurchase program authorizing up to $500 million to buy back shares, indicating that management believes the stock is undervalued.
• In its last quarterly results, Cirrus Logic reported earnings of $1.67 per share, exceeding analyst expectations and demonstrating a year-over-year revenue increase of 14.2%.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) is expected to post its Q1 2026 quarterly earnings results before the market opens on Tuesday, August 5th. Analysts expect Cirrus Logic to post earnings of $1.07 per share and revenue of $361.97 million for the quarter. Cirrus Logic has set its Q1 2026 guidance at EPS.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.52. Cirrus Logic had a net margin of 17.48% and a return on equity of 17.66%. The firm had revenue of $424.46 million during the quarter, compared to analyst estimates of $380.26 million. During the same period in the previous year, the firm earned $1.24 earnings per share. The business's revenue was up 14.2% on a year-over-year basis. On average, analysts expect Cirrus Logic to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Cirrus Logic Price Performance

NASDAQ:CRUS traded up $1.37 during mid-day trading on Friday, hitting $102.08. The company's stock had a trading volume of 617,397 shares, compared to its average volume of 635,117. The business's fifty day moving average is $103.66 and its two-hundred day moving average is $100.83. Cirrus Logic has a 1 year low of $75.83 and a 1 year high of $147.46. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 16.99 and a beta of 0.95.

Cirrus Logic announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Cirrus Logic news, Director Alexander M. Davern sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.62, for a total value of $105,620.00. Following the completion of the sale, the director directly owned 20,907 shares of the company's stock, valued at $2,208,197.34. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Carl Jackson Alberty sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the executive vice president owned 41,645 shares in the company, valued at $4,164,500. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,000 shares of company stock worth $1,305,620. 1.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cirrus Logic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Cirrus Logic by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cirrus Logic by 24.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company's stock worth $132,000 after purchasing an additional 263 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Cirrus Logic in the first quarter valued at about $361,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cirrus Logic by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,457 shares of the semiconductor company's stock valued at $21,372,000 after purchasing an additional 9,658 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Cirrus Logic by 92.3% in the first quarter. Royal Bank of Canada now owns 72,134 shares of the semiconductor company's stock valued at $7,189,000 after acquiring an additional 34,629 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRUS. Barclays raised their price target on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Cirrus Logic in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.33.

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.