Cirrus Logic to Unveil Financial Results on Thursday

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Cirrus Logic ($NASDAQ:CRUS) Inc. is a leading semiconductor company specializing in the design, manufacture, and marketing of high performance analog and mixed signal integrated circuits for a variety of audio, video, industrial, and consumer applications. On Thursday, Cirrus Logic is set to announce its financial results for the quarter ending June 30th. Investors will be closely watching to see whether the company is able to continue its momentum and profitability as it navigates the current market conditions. Analysts are particularly interested in how Cirrus Logic’s performance compares to its peers in the semiconductor industry.

However, investors will be looking to see if this trend can be sustained with the upcoming financial reports.

In addition, investors will be watching to see how Cirrus Logic’s new product lines and strategies have helped to drive revenue during the quarter. With the company having announced new products and partnerships throughout the quarter, investors will be looking to see if these strategies have paid off. Cirrus Logic’s financial results will be closely watched by investors and analysts alike as they try to assess how the company is faring in the current market environment. With many predicting that the semiconductor industry is due for a downturn, investors will be looking for signs of continued growth and profitability from Cirrus Logic when the company reveals its financial results on Thursday.

Earnings

CIRRUS LOGIC is set to unveil its financial results this Thursday, regarding its earning report of FY2024 Q1 as of June 30 2021. The report shows that CIRRUS LOGIC earned 277.25M USD in total revenue, earned 17.21M USD in net income. This is a stark contrast compared to the previous year, with a 29.6% decrease in total revenue and a 56.7% decrease in net income.

Though the current revenue is lower than the previous year, the total revenue has grown from 277.25M USD to 317.02M USD in the last 3 years. We will soon see how CIRRUS LOGIC fares this quarter and will know more about how it will progress in the future.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cirrus Logic. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cirrus Logic. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cirrus Logic. More…

Key Ratios Snapshot

Some of the financial key ratios for Cirrus Logic are shown below. More…

Market Price

The company’s stock opened at $67.5 on Friday and closed at $66.3, representing a 1.5% decrease from the previous closing price of 67.4. CIRRUS LOGIC’s financial report will provide insight into how the company has been doing since the beginning of the year. Investors are closely watching this development as it could have a significant impact on the company’s future performance. Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of CIRRUS LOGIC‘s fundamentals. The Star Chart reveals that CIRRUS LOGIC is in a very healthy position, with a score of 10 out of 10 regarding cashflows and debt, indicating that the company is in a strong position to sustain operations in times of crisis. Given this information, we believe that CIRRUS LOGIC could be of interest to investors who are looking for a company with strong asset and profitability performance, coupled with medium growth and weak dividend prospects. CIRRUS LOGIC could be a particularly attractive choice for those seeking a long-term investment option, as its financial health suggests that it can reliably sustain operations in times of crisis. More…

Peers

The company’s competitors include Sequans Communications SA, United Microelectronics Corp, and Globetronics Technology Bhd.

– Sequans Communications SA ($NYSE:SQNS)

Sequans Communications S.A. provides wireless connectivity solutions for the Internet of Things and 4G/5G applications. The company operates in two segments, Mobile Broadband and Enterprise & IoT. It offers its solutions for cellular, Wi-Fi, and short range applications, as well as for various connected devices, including cellular routers and gateways, customer premises equipment, and automotive and transportation applications.

– United Microelectronics Corp ($TWSE:2303)

As of 2022, United Microelectronics Corp has a market cap of 501.15B and a Return on Equity of 18.27%. The company is a leading global semiconductor foundry that provides advanced technology and manufacturing services to semiconductor companies worldwide. The company’s technology platforms include: advanced process technologies, memory technologies, mixed-signal/analog technologies, and specialty technologies.

– Globetronics Technology Bhd ($KLSE:7022)

As of 2022, Globetronics Technology Bhd has a market cap of 769.86M and a Return on Equity of 11.1%. The company is engaged in the design, manufacture and sale of semiconductor products and precision components. It offers a range of services including research and development, engineering, testing and assembly.

Summary

Cirrus Logic is set to release its earnings report on Thursday. Investors should be aware of the current market conditions to evaluate the potential performance of the company’s stock and make informed decisions. Analysts also predict the company will beat earnings estimates due to strong sales and cost-cutting measures. Investors should look out for news on the company’s product pipeline, new projects, and any updates on its ongoing legal proceedings.

Additionally, investors should assess if the current market sentiment affects the company’s performance and if the company has any competitive advantages or disadvantages. All in all, Cirrus Logic offers a good opportunity for investors willing to take a long-term approach and look into the fundamentals of the business.