Cirrus Logic (CRUS) Projected to Announce Earnings on Wednesday

Cirrus Logic (NASDAQ:CRUS) is expected to be releasing its Q1 2027 results after the market closes on Wednesday, August 5th. Analysts expect Cirrus Logic to announce earnings of $1.79 per share and revenue of $460.3250 million for the quarter. Individuals can check the company’s upcoming Q1 2027 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 5:00 PM ET.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.19. The firm had revenue of $448.52 million for the quarter, compared to analyst estimates of $442.25 million. Cirrus Logic had a net margin of 20.75% and a return on equity of 20.48%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. On average, analysts expect Cirrus Logic to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cirrus Logic Stock Up 0.0%

NASDAQ CRUS opened at $136.16 on Wednesday. The stock has a market capitalization of $6.87 billion, a PE ratio of 17.37 and a beta of 1.17. Cirrus Logic has a 12-month low of $92.02 and a 12-month high of $180.42. The company has a 50 day moving average price of $155.42 and a two-hundred day moving average price of $148.82.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $197.00 price objective on shares of Cirrus Logic in a report on Thursday, May 7th. KeyCorp lowered their target price on shares of Cirrus Logic from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Finally, Jefferies Financial Group raised Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.29.

Insider Buying and Selling

In other news, EVP Justin E. Dougherty sold 2,000 shares of Cirrus Logic stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $166.50, for a total value of $333,000.00. Following the transaction, the executive vice president directly owned 4,537 shares in the company, valued at approximately $755,410.50. The trade was a 30.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Scott Thomas sold 1,300 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $180.04, for a total value of $234,052.00. Following the transaction, the executive vice president directly owned 31,048 shares of the company’s stock, valued at $5,589,881.92. This represents a 4.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,465 shares of company stock valued at $3,743,219 in the last quarter. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in shares of Cirrus Logic during the fourth quarter worth approximately $36,000. CIBC Private Wealth Group LLC grew its stake in shares of Cirrus Logic by 29.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 389 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 88 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Cirrus Logic by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 232 shares during the last quarter. State of Wyoming bought a new position in Cirrus Logic during the second quarter worth $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cirrus Logic by 24.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 263 shares during the period. 87.96% of the stock is owned by institutional investors.

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.