Cirrus Logic: Q1 Earnings Insights

Cirrus Logic CRUS reported its Q1 earnings results on Tuesday, August 2, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Cirrus Logic beat estimated earnings by 34.94%, reporting an EPS of $1.12 versus an estimate of $0.83.

Revenue was up $116.39 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.61 which was followed by a 4.54% increase in the share price the next day.

Here's a look at Cirrus Logic's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.40 2.14 1.63 0.40
EPS Actual 2.01 2.54 1.82 0.54
Revenue Estimate 420.29M 510.42M 450.40M 261.76M
Revenue Actual 489.97M 548.35M 465.89M 277.25M

To track all earnings releases for Cirrus Logic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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