Cirrus Logic Reports Strong Q3 Earnings Driven by Smartphone Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy CRUS?
Source: seekingalpha
Cirrus Logic's stock surged by 11.57% as it crossed above the 5-day SMA, reflecting strong investor confidence following its impressive Q3 earnings report.
The company reported Q3 earnings of $2.97 per share, exceeding analyst expectations of $2.44, and quarterly sales of $580.62 million, surpassing the consensus of $533.89 million. This strong performance was driven by robust demand for smartphone components, particularly from Apple, which accounted for 94% of total revenue. Analysts have also raised their price targets, indicating a positive outlook for Cirrus Logic's future performance.
The strong earnings and optimistic guidance for Q4, projecting sales between $410 million and $470 million, suggest that Cirrus Logic is well-positioned for continued growth. The company's proactive capital management, including share buybacks, further enhances its appeal to investors.
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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: 143.390
Low
95.00
Averages
140.00
High
155.00
Current: 143.390
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.
Apple Expands American Manufacturing Program with New Partners
- New Partners Join: Apple Inc. has announced the addition of Bosch, Cirrus Logic, TDK, and Qnity Electronics to its American Manufacturing Program, aiming to enhance domestic supply chains through increased critical component production, which is expected to create numerous jobs in the U.S.
- Investment and Capacity Boost: Apple plans to invest $400 million in new programs by 2030, which will enhance manufacturing capabilities in the U.S. and enable TDK to manufacture sensors in the U.S. for the first time, further solidifying their long-term partnership with Apple.
- Deepening Technological Collaboration: Apple is collaborating with Bosch and TSMC to produce integrated circuits in Washington state, which are essential for key features like Crash Detection and Activity Tracking in Apple products, demonstrating Apple's ongoing commitment to technological innovation.
- Educational and Training Support: The Apple Manufacturing Academy launched in Detroit has already supported nearly 150 small and medium-sized manufacturers by providing training in AI and smart manufacturing, further driving modernization and technological upgrades in the U.S. manufacturing sector.
See More
Apple Expands U.S. Manufacturing Partnerships with New Suppliers
- Increased Manufacturing Partnerships: Apple has announced the addition of new partners including Qnity Electronics, Cirrus Logic, Bosch, and TDK to its American Manufacturing Program, planning to invest $400 million by 2030, which enhances its supply chain localization and strengthens U.S. manufacturing competitiveness.
- Strategic Investment Commitment: Apple's commitment to invest $500 billion in 2025, with an additional $100 billion, underscores its long-term dedication to the U.S. market, aiming to mitigate supply chain risks and enhance brand image through localized production.
- Critical Component Supply: Qnity's involvement highlights its importance in the semiconductor supply chain, as Apple relies on its specialized chemicals and materials, ensuring a stronger partnership with TSMC and enhancing Apple's competitive edge in chip manufacturing.
- Enhanced Market Competitiveness: Qnity's stock remains cheaper compared to its main rival Entegris, trading at less than 32 times earnings estimates, indicating strong future earnings growth potential, with Apple's backing further solidifying its market position.
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- New Technology Partnership: Apple is collaborating with Cirrus Logic and GlobalFoundries to develop new semiconductor process technologies at the Malta, New York facility, which is expected to drive innovation in Face ID systems and enhance Apple's product competitiveness.
- Investment Plan: Apple plans to invest $400 million through its American Manufacturing Program (AMP) by 2030, supporting new members like Cirrus Logic, Bosch, TDK, and Qnity Electronics, thereby strengthening domestic manufacturing capabilities.
- Positive Market Reaction: Cirrus Logic's stock surged over 7% following Apple's announcement, indicating optimistic market sentiment regarding the new technology and future growth potential, reflecting investor confidence in the company's prospects.
- Long-Term Outlook: Analysts predict that the new technology will mature by 2028, with Cirrus Logic potentially contributing $1 of new content across Apple phone SKUs in 2027, suggesting that this partnership will yield long-term strategic benefits for both parties.
See More
Cirrus Logic Stock Rises 7.2% Following Apple's Inclusion of Company in U.S. Manufacturing Initiative with $400 Million Investment
- CIRRUS LOGICS Stock Performance: CIRRUS LOGICS shares increased by 7.2% following positive market reactions.
- Apple's Investment Announcement: Apple has added CIRRUS LOGICS and other companies to its U.S. manufacturing program, committing to invest $400 million.
See More
Apple Expands U.S. Manufacturing Investment to $400 Million
- Partnership Expansion: Apple announced partnerships with Bosch, Cirrus Logic, TDK, and Qnity Electronics, planning to invest $400 million in U.S. manufacturing through 2030, thereby enhancing local supply chain capabilities and product availability.
- Job Creation: The expansion is expected to create 20,000 direct jobs in R&D, silicon engineering, AI, and software development, further solidifying Apple's manufacturing presence in the U.S. and responding to national calls for manufacturing revitalization.
- Chip Production Boost: TDK will manufacture sensors in the U.S. for the first time, with Apple projected to source over 100 million advanced chips from U.S. silicon supply chains, significantly enhancing product technology and competitiveness, particularly in iPhone camera stabilization technology.
- Policy Impact: Apple has absorbed approximately $3.3 billion in tariff costs since the implementation of Trump's trade policies, and this expansion not only helps mitigate future cost pressures but may also improve the company's cost outlook following the Supreme Court ruling, further strengthening its competitive position in the domestic market.
See More
APPLE COLLABORATES WITH BOSCH, CIRRUS LOGIC, TDK, AND QNITY ELECTRONICS TO PRODUCE MATERIALS AND COMPONENTS IN THE US FOR ITS PRODUCTS
Collaboration with Companies: Apple is partnering with Bosch, Cirrus Logic, TDK, and Qnity Electronics to enhance its product offerings.
Focus on Materials and Components: The collaboration aims to develop materials and components in the U.S. for Apple's products.
See More
Apple Expands American Manufacturing Program with New Partners
- New Partners Join: Apple Inc. has announced the addition of Bosch, Cirrus Logic, TDK, and Qnity Electronics to its American Manufacturing Program, aiming to enhance domestic supply chains through increased critical component production, which is expected to create numerous jobs in the U.S.
- Investment and Capacity Boost: Apple plans to invest $400 million in new programs by 2030, which will enhance manufacturing capabilities in the U.S. and enable TDK to manufacture sensors in the U.S. for the first time, further solidifying their long-term partnership with Apple.
- Deepening Technological Collaboration: Apple is collaborating with Bosch and TSMC to produce integrated circuits in Washington state, which are essential for key features like Crash Detection and Activity Tracking in Apple products, demonstrating Apple's ongoing commitment to technological innovation.
- Educational and Training Support: The Apple Manufacturing Academy launched in Detroit has already supported nearly 150 small and medium-sized manufacturers by providing training in AI and smart manufacturing, further driving modernization and technological upgrades in the U.S. manufacturing sector.
See More
Apple Expands U.S. Manufacturing Partnerships with New Suppliers
- Increased Manufacturing Partnerships: Apple has announced the addition of new partners including Qnity Electronics, Cirrus Logic, Bosch, and TDK to its American Manufacturing Program, planning to invest $400 million by 2030, which enhances its supply chain localization and strengthens U.S. manufacturing competitiveness.
- Strategic Investment Commitment: Apple's commitment to invest $500 billion in 2025, with an additional $100 billion, underscores its long-term dedication to the U.S. market, aiming to mitigate supply chain risks and enhance brand image through localized production.
- Critical Component Supply: Qnity's involvement highlights its importance in the semiconductor supply chain, as Apple relies on its specialized chemicals and materials, ensuring a stronger partnership with TSMC and enhancing Apple's competitive edge in chip manufacturing.
- Enhanced Market Competitiveness: Qnity's stock remains cheaper compared to its main rival Entegris, trading at less than 32 times earnings estimates, indicating strong future earnings growth potential, with Apple's backing further solidifying its market position.
See More
Apple Collaborates with Cirrus Logic on Semiconductor Technologies
- New Technology Partnership: Apple is collaborating with Cirrus Logic and GlobalFoundries to develop new semiconductor process technologies at the Malta, New York facility, which is expected to drive innovation in Face ID systems and enhance Apple's product competitiveness.
- Investment Plan: Apple plans to invest $400 million through its American Manufacturing Program (AMP) by 2030, supporting new members like Cirrus Logic, Bosch, TDK, and Qnity Electronics, thereby strengthening domestic manufacturing capabilities.
- Positive Market Reaction: Cirrus Logic's stock surged over 7% following Apple's announcement, indicating optimistic market sentiment regarding the new technology and future growth potential, reflecting investor confidence in the company's prospects.
- Long-Term Outlook: Analysts predict that the new technology will mature by 2028, with Cirrus Logic potentially contributing $1 of new content across Apple phone SKUs in 2027, suggesting that this partnership will yield long-term strategic benefits for both parties.
See More
Cirrus Logic Stock Rises 7.2% Following Apple's Inclusion of Company in U.S. Manufacturing Initiative with $400 Million Investment
- CIRRUS LOGICS Stock Performance: CIRRUS LOGICS shares increased by 7.2% following positive market reactions.
- Apple's Investment Announcement: Apple has added CIRRUS LOGICS and other companies to its U.S. manufacturing program, committing to invest $400 million.
See More
Apple Expands U.S. Manufacturing Investment to $400 Million
- Partnership Expansion: Apple announced partnerships with Bosch, Cirrus Logic, TDK, and Qnity Electronics, planning to invest $400 million in U.S. manufacturing through 2030, thereby enhancing local supply chain capabilities and product availability.
- Job Creation: The expansion is expected to create 20,000 direct jobs in R&D, silicon engineering, AI, and software development, further solidifying Apple's manufacturing presence in the U.S. and responding to national calls for manufacturing revitalization.
- Chip Production Boost: TDK will manufacture sensors in the U.S. for the first time, with Apple projected to source over 100 million advanced chips from U.S. silicon supply chains, significantly enhancing product technology and competitiveness, particularly in iPhone camera stabilization technology.
- Policy Impact: Apple has absorbed approximately $3.3 billion in tariff costs since the implementation of Trump's trade policies, and this expansion not only helps mitigate future cost pressures but may also improve the company's cost outlook following the Supreme Court ruling, further strengthening its competitive position in the domestic market.
See More
APPLE COLLABORATES WITH BOSCH, CIRRUS LOGIC, TDK, AND QNITY ELECTRONICS TO PRODUCE MATERIALS AND COMPONENTS IN THE US FOR ITS PRODUCTS
Collaboration with Companies: Apple is partnering with Bosch, Cirrus Logic, TDK, and Qnity Electronics to enhance its product offerings.
Focus on Materials and Components: The collaboration aims to develop materials and components in the U.S. for Apple's products.
See More
