Cirrus Logic's stock surged 5.49% in pre-market trading on Thursday, following the release of better-than-expected quarterly results and optimistic future guidance.

The semiconductor company reported Q4 earnings per share of $1.95, beating the consensus estimate of $1.76, while revenue came in at $448.5 million, also above the $442.3 million expected by analysts. The company stated it delivered record revenue and earnings per share for fiscal year 2026.

Adding to the positive sentiment, Cirrus Logic provided Q1 revenue guidance of $430 million to $490 million, significantly above the consensus estimate of $414.7 million. Furthermore, multiple analysts raised their price targets on the stock, including Barclays increasing its target to $140 from $120 and Stifel raising its target to $197 from $185.