Cirrus Logic (CRUS) Set to Post Earnings on Wednesday

Cirrus Logic (NASDAQ:CRUS) is projected to post its Q2 2027 results after the market closes on Wednesday, November 4th. Analysts expect Cirrus Logic to post earnings of $2.42 per share and revenue of $540.37 million for the quarter. Investors can check the company’s upcoming Q2 2027 earnings results page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 5:00 PM ET.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $459.72 million for the quarter, compared to analysts’ expectations of $460.32 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts expect Cirrus Logic to post $7.20 EPS for the current fiscal year and $7.30 EPS for the next fiscal year.

Cirrus Logic Trading Up 1.1%

Shares of CRUS stock opened at $114.27 on Wednesday. Cirrus Logic has a twelve month low of $105.10 and a twelve month high of $180.42. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.17. The stock has a fifty day simple moving average of $114.47 and a two-hundred day simple moving average of $138.60.

Insider Buying and Selling

In related news, EVP Jeffrey Baumgartner sold 1,166 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $107.75, for a total value of $125,636.50. Following the completion of the transaction, the executive vice president owned 11,741 shares of the company’s stock, valued at $1,265,092.75. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,498 shares of company stock valued at $401,850 over the last ninety days. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRUS. Susquehanna cut their price target on Cirrus Logic from $200.00 to $170.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Stifel Nicolaus lowered their price objective on shares of Cirrus Logic from $197.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Wall Street Zen cut shares of Cirrus Logic from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Weiss Ratings upgraded shares of Cirrus Logic from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Finally, Barclays downgraded shares of Cirrus Logic from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $130.00 to $95.00 in a research report on Tuesday, October 20th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cirrus Logic presently has an average rating of “Hold” and an average target price of $147.86.

About Cirrus Logic

Cirrus Logic, Inc is a fabless semiconductor company that designs high-performance, low-power analog and mixed-signal integrated circuits. Its products are used to process, manage and enhance audio and other signals in electronic devices, including smartphones, tablets, laptops, headphones, smart speakers and automotive systems.

The company’s product portfolio includes audio codecs, digital-to-analog and analog-to-digital converters, amplifiers, haptic controllers, sensing solutions and power-management components.