Analysis of Apple and Cirrus Logic Stock Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 hours ago
0mins
Should l Buy CRUS?
Source: Fool
- Strong Apple Performance: Apple's revenue in Q1 of fiscal 2026 rose by 16% year-over-year to nearly $144 billion, with adjusted earnings per share increasing by 19%, reflecting robust demand for its latest iPhone offerings and suggesting continued outperformance against the broader market.
- Rapid Growth of Cirrus Logic: Cirrus Logic's stock surged 33% over the past six months, nearly double Apple's gains, with 94% of its revenue derived from Apple, indicating that its reliance on Apple is becoming a catalyst for stock price appreciation.
- Improved Profitability: Cirrus Logic's latest quarterly results exceeded expectations, with revenue up 4.4% year-over-year and earnings per share rising 18% to $2.97, while the company is projected to achieve a 20% increase in earnings to $9.05 per share this fiscal year, surpassing the 16% average growth rate of S&P 500 companies.
- Significant Investment Value: Cirrus Logic is currently trading at a price-to-earnings ratio of 19, lower than the S&P 500's 25 and Apple's 35, making it a more attractive investment option given its close relationship with Apple and potential for earnings growth.
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Analyst Views on CRUS
Wall Street analysts forecast CRUS stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 142.050
Low
95.00
Averages
140.00
High
155.00
Current: 142.050
Low
95.00
Averages
140.00
High
155.00
About CRUS
Cirrus Logic, Inc. is a provider of low-power, high-precision mixed-signal processing solutions that enhance user experience in mobile and consumer applications. Its product line categories are Audio and High-Performance Mixed-Signal (HPMS). It is a supplier of low-power, low-latency, high-precision audio components that are used in a variety of applications, including smartphones, laptops, tablets, virtual reality/augmented reality headsets, wearables, home theater systems, automotive entertainment systems and professional audio systems. Additionally, its SoundClear technology consists of a broad portfolio of tools, software and algorithms that help to differentiate its customers’ products by improving the user experience with features such as louder, high-fidelity sound, high-quality audio playback, voice capture, and hearing augmentation. Its portfolio of HPMS products includes camera controllers for automatic focus and optical image stabilization and haptic and sensing solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Apple and Cirrus Logic Stock Performance
- Strong Apple Performance: Apple's revenue in Q1 of fiscal 2026 rose by 16% year-over-year to nearly $144 billion, with adjusted earnings per share increasing by 19%, reflecting robust demand for its latest iPhone offerings and suggesting continued outperformance against the broader market.
- Rapid Growth of Cirrus Logic: Cirrus Logic's stock surged 33% over the past six months, nearly double Apple's gains, with 94% of its revenue derived from Apple, indicating that its reliance on Apple is becoming a catalyst for stock price appreciation.
- Improved Profitability: Cirrus Logic's latest quarterly results exceeded expectations, with revenue up 4.4% year-over-year and earnings per share rising 18% to $2.97, while the company is projected to achieve a 20% increase in earnings to $9.05 per share this fiscal year, surpassing the 16% average growth rate of S&P 500 companies.
- Significant Investment Value: Cirrus Logic is currently trading at a price-to-earnings ratio of 19, lower than the S&P 500's 25 and Apple's 35, making it a more attractive investment option given its close relationship with Apple and potential for earnings growth.
See More
Apple's Strong Sales Propel Chipmaker Growth
- Apple Sales Surge: Apple's revenue in Q1 FY2026 rose by 16% year-over-year to nearly $144 billion, with adjusted earnings per share increasing by 19%, reflecting robust market demand and solidifying its leadership in the smartphone sector.
- Cirrus Logic's Strong Performance: Cirrus Logic's stock has surged 33% over the past six months, nearly doubling Apple's stock gains, highlighting its growth potential as a supplier to Apple, particularly in audio and camera controller chips.
- Optimistic Earnings Outlook: Cirrus Logic is poised to achieve a 20% increase in earnings per share to $9.05 this fiscal year, exceeding the 16% average growth expected for S&P 500 companies, indicating its competitive strength and profitability enhancement in the market.
- Attractive Valuation: Cirrus Logic currently trades at a price-to-earnings ratio of 19, lower than the S&P 500's 25 and Apple's 35, showcasing its relative value as an investment option, which may attract more investor interest.
See More
Eli Lilly Surges Amid Tech Rotation
- Market Divergence: The ongoing rotation out of tech stocks has led to a divided stock market, indicating selective preferences among investors that could influence future capital flows.
- Eli Lilly's Strong Performance: Eli Lilly's stock surged amidst market volatility, reflecting investor confidence in its growth potential, which may attract more capital into the company.
- Google's Positive Earnings: Following its earnings report, Google's stock rose, showcasing its strong financial performance and future capital spending plans, which could bolster market confidence in tech stocks.
- Capital Expenditure Plans: Google's announcement of substantial capital expenditure plans is expected to drive long-term growth and potentially enhance its market share and competitiveness in the tech sector.
See More
Tech Rotation Continues, Eli Lilly Soars
- Market Divergence: The ongoing rotation out of tech stocks has led to a divided market, yet Eli Lilly's stock surged, indicating strong performance in the current market environment and potentially attracting more investor interest.
- Eli Lilly's Performance: The rise in Eli Lilly's stock reflects optimistic market expectations regarding its future growth potential, particularly due to positive developments in new drug research and market expansion, which may further drive its stock price upward.
- Google's Earnings Bounce: Following its earnings report, Google's stock rose, suggesting investor confidence in its massive capital spending plans, which are expected to drive future revenue growth and market share expansion.
- Capital Expenditure Strategy: Google's capital spending plans are viewed as part of its long-term strategy aimed at enhancing technological infrastructure and innovation capabilities, thereby maintaining a competitive edge in a fiercely contested market.
See More
Cirrus Logic Reports Strong Q3 Earnings, Shares Surge
- Earnings Beat: Cirrus Logic reported third-quarter earnings of $2.97 per share, surpassing the analyst consensus estimate of $2.44 per share, indicating a significant improvement in profitability and boosting investor confidence.
- Sales Growth: The company achieved quarterly sales of $580.620 million, exceeding the analyst consensus estimate of $533.890 million, demonstrating strong market demand and driving sustained performance growth.
- Stock Surge: Following the positive earnings report, Cirrus Logic's shares jumped 7.6% to $134.10 on Wednesday, reflecting market optimism regarding the company's future growth potential.
- Optimistic Guidance: Cirrus Logic provided fourth-quarter sales guidance that is expected to exceed market estimates, further solidifying its competitive position in the semiconductor industry.
See More
Cirrus Logic Exceeds Q3 Expectations Driven by Smartphone Demand
- Strong Apple Demand: Cirrus Logic reported Q3 revenue from Apple at $546 million, reflecting an 8% increase both quarter-over-quarter and year-over-year, which constituted 94% of total revenue, showcasing improved iPhone unit volumes and mix, leading to a 14% surge in stock price during early trading.
- Doubling PC Revenue: Analysts noted that Cirrus Logic's PC-related revenue is expected to double in fiscal 2026, with management highlighting multiple new device launches and AI PC products currently sampling, which are projected to ramp revenue growth in 2027, enhancing competitive positioning.
- Automotive Market Opportunity: Benchmark analysts pointed out significant long-term opportunities for Cirrus Logic in the automotive sector, as the market shifts from centralized transducer designs to Ethernet-based distributed systems, aligning well with the company's portfolio and promising multi-year growth potential.
- Accelerated Design Activity: Stifel analysts mentioned that design activity across Cirrus Logic's PC portfolio is accelerating, with the latest-generation amplifiers and codecs being ramped up in mainstream platforms, while management has begun sampling new components to enhance voice and audio capture capabilities, addressing the rise of AI-enabled PCs.
See More
Analysis of Apple and Cirrus Logic Stock Performance
- Strong Apple Performance: Apple's revenue in Q1 of fiscal 2026 rose by 16% year-over-year to nearly $144 billion, with adjusted earnings per share increasing by 19%, reflecting robust demand for its latest iPhone offerings and suggesting continued outperformance against the broader market.
- Rapid Growth of Cirrus Logic: Cirrus Logic's stock surged 33% over the past six months, nearly double Apple's gains, with 94% of its revenue derived from Apple, indicating that its reliance on Apple is becoming a catalyst for stock price appreciation.
- Improved Profitability: Cirrus Logic's latest quarterly results exceeded expectations, with revenue up 4.4% year-over-year and earnings per share rising 18% to $2.97, while the company is projected to achieve a 20% increase in earnings to $9.05 per share this fiscal year, surpassing the 16% average growth rate of S&P 500 companies.
- Significant Investment Value: Cirrus Logic is currently trading at a price-to-earnings ratio of 19, lower than the S&P 500's 25 and Apple's 35, making it a more attractive investment option given its close relationship with Apple and potential for earnings growth.
See More
Apple's Strong Sales Propel Chipmaker Growth
- Apple Sales Surge: Apple's revenue in Q1 FY2026 rose by 16% year-over-year to nearly $144 billion, with adjusted earnings per share increasing by 19%, reflecting robust market demand and solidifying its leadership in the smartphone sector.
- Cirrus Logic's Strong Performance: Cirrus Logic's stock has surged 33% over the past six months, nearly doubling Apple's stock gains, highlighting its growth potential as a supplier to Apple, particularly in audio and camera controller chips.
- Optimistic Earnings Outlook: Cirrus Logic is poised to achieve a 20% increase in earnings per share to $9.05 this fiscal year, exceeding the 16% average growth expected for S&P 500 companies, indicating its competitive strength and profitability enhancement in the market.
- Attractive Valuation: Cirrus Logic currently trades at a price-to-earnings ratio of 19, lower than the S&P 500's 25 and Apple's 35, showcasing its relative value as an investment option, which may attract more investor interest.
See More
Eli Lilly Surges Amid Tech Rotation
- Market Divergence: The ongoing rotation out of tech stocks has led to a divided stock market, indicating selective preferences among investors that could influence future capital flows.
- Eli Lilly's Strong Performance: Eli Lilly's stock surged amidst market volatility, reflecting investor confidence in its growth potential, which may attract more capital into the company.
- Google's Positive Earnings: Following its earnings report, Google's stock rose, showcasing its strong financial performance and future capital spending plans, which could bolster market confidence in tech stocks.
- Capital Expenditure Plans: Google's announcement of substantial capital expenditure plans is expected to drive long-term growth and potentially enhance its market share and competitiveness in the tech sector.
See More
Tech Rotation Continues, Eli Lilly Soars
- Market Divergence: The ongoing rotation out of tech stocks has led to a divided market, yet Eli Lilly's stock surged, indicating strong performance in the current market environment and potentially attracting more investor interest.
- Eli Lilly's Performance: The rise in Eli Lilly's stock reflects optimistic market expectations regarding its future growth potential, particularly due to positive developments in new drug research and market expansion, which may further drive its stock price upward.
- Google's Earnings Bounce: Following its earnings report, Google's stock rose, suggesting investor confidence in its massive capital spending plans, which are expected to drive future revenue growth and market share expansion.
- Capital Expenditure Strategy: Google's capital spending plans are viewed as part of its long-term strategy aimed at enhancing technological infrastructure and innovation capabilities, thereby maintaining a competitive edge in a fiercely contested market.
See More
Cirrus Logic Reports Strong Q3 Earnings, Shares Surge
- Earnings Beat: Cirrus Logic reported third-quarter earnings of $2.97 per share, surpassing the analyst consensus estimate of $2.44 per share, indicating a significant improvement in profitability and boosting investor confidence.
- Sales Growth: The company achieved quarterly sales of $580.620 million, exceeding the analyst consensus estimate of $533.890 million, demonstrating strong market demand and driving sustained performance growth.
- Stock Surge: Following the positive earnings report, Cirrus Logic's shares jumped 7.6% to $134.10 on Wednesday, reflecting market optimism regarding the company's future growth potential.
- Optimistic Guidance: Cirrus Logic provided fourth-quarter sales guidance that is expected to exceed market estimates, further solidifying its competitive position in the semiconductor industry.
See More
Cirrus Logic Exceeds Q3 Expectations Driven by Smartphone Demand
- Strong Apple Demand: Cirrus Logic reported Q3 revenue from Apple at $546 million, reflecting an 8% increase both quarter-over-quarter and year-over-year, which constituted 94% of total revenue, showcasing improved iPhone unit volumes and mix, leading to a 14% surge in stock price during early trading.
- Doubling PC Revenue: Analysts noted that Cirrus Logic's PC-related revenue is expected to double in fiscal 2026, with management highlighting multiple new device launches and AI PC products currently sampling, which are projected to ramp revenue growth in 2027, enhancing competitive positioning.
- Automotive Market Opportunity: Benchmark analysts pointed out significant long-term opportunities for Cirrus Logic in the automotive sector, as the market shifts from centralized transducer designs to Ethernet-based distributed systems, aligning well with the company's portfolio and promising multi-year growth potential.
- Accelerated Design Activity: Stifel analysts mentioned that design activity across Cirrus Logic's PC portfolio is accelerating, with the latest-generation amplifiers and codecs being ramped up in mainstream platforms, while management has begun sampling new components to enhance voice and audio capture capabilities, addressing the rise of AI-enabled PCs.
See More
