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Investing.com - Cirrus Logic Inc (NASDAQ:CRUS) reported fourth-quarter earnings that surpassed analyst expectations, driving its shares up 5% in after-hours trading. The company also provided an optimistic revenue forecast for the current quarter, signaling continued growth.
The audio chip maker posted adjusted earnings per share of $1.67 for the fourth quarter, significantly beating the analyst estimate of $1.18. Revenue for the quarter came in at $424.5 million, well above the consensus estimate of $360.61 million and representing a 6% YoY increase.
For the first quarter of fiscal year 2026, Cirrus Logic expects revenue to range between $330 million and $390 million, with the midpoint of $360 million surpassing the analyst consensus of $340.12 million.
John Forsyth, Cirrus Logic’s president and CEO, expressed satisfaction with the company’s performance, stating, "Cirrus Logic delivered six percent revenue growth and record earnings per share in FY25. We are pleased with our achievements during the year, with the company making excellent progress executing our strategic growth plan."
The company highlighted several achievements in fiscal year 2025, including the shipment of its latest generation boosted amplifier and first 22-nanometer smart codec, increased momentum in the laptop market, and the introduction of general market components expanding its product portfolio.
Cirrus Logic also announced that its Board of Directors authorized an additional $500 million share repurchase program in March 2025, demonstrating confidence in the company’s financial position and future prospects.
For the full fiscal year 2025, Cirrus Logic reported revenue of $1.90 billion and adjusted earnings per share of $7.54, showcasing strong overall performance.