Shares of Cirrus Logic (CRUS) soared 5.62% in after-hours trading on Tuesday, following the release of its impressive fiscal first-quarter results for 2026 and optimistic second-quarter guidance. The semiconductor company's performance exceeded analysts' expectations, demonstrating robust demand for its audio and voice processing solutions.

Cirrus Logic reported Q1 FY26 revenue of $407.3 million, significantly surpassing the IBES estimate of $364.3 million. The company's adjusted earnings per share (EPS) came in at $1.51, well above the IBES estimate of $1.10. This strong financial performance was driven by high demand for its custom boosted amplifier and its first 22-nanometer smart codec in smartphones.

Looking ahead, Cirrus Logic provided an optimistic outlook for the second quarter, projecting revenue between $510 million and $570 million. This guidance suggests continued growth and confidence in the company's product lineup. Additionally, the company highlighted its progress in diversifying its product and end-market offerings, including gains in the laptop market and increased production of components for professional audio, automotive, industrial, and imaging markets. With these positive results and forward-looking statements, investors appear bullish on Cirrus Logic's near-term prospects, as reflected in the after-hours stock price surge.