Stock Track | Cirrus Logic Soars 5.96% in Early Trading on Strong Q3 Earnings Beat, Upbeat Guidance and Analyst Target Price Increases

Stock Track

Feb 04

Cirrus Logic's stock surged 5.96% in early trading on Wednesday, marking a significant gain for the semiconductor company.

The sharp increase followed the release of the company's fiscal third-quarter financial results, which significantly exceeded analyst expectations. Cirrus Logic reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%, while revenue reached $580.6 million, surpassing the estimated $533.89 million by 8.75%. Management attributed the strong performance to stronger-than-anticipated demand for components shipping into smartphones and a favorable product mix.

Additionally, the company provided fourth-quarter revenue guidance of $410 million to $470 million, which exceeds analyst forecasts. Several analysts raised their target prices for Cirrus Logic following the earnings report, including Barclays (to $110 from $100), Benchmark (to $160 from $150), and Stifel (to $163 from $150), contributing to the positive market sentiment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1165945176"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1165945176\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1165945176?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-04 22:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1165945176","market":"nz","top_or_hot":-1,"title":"Stock Track | Cirrus Logic Soars 5.96% in Early Trading on Strong Q3 Earnings Beat, Upbeat Guidance and Analyst Target Price Increases","media":"Stock Track","content":"<p>Cirrus Logic's stock surged 5.96% in early trading on Wednesday, marking a significant gain for the semiconductor company.</p><p>The sharp increase followed the release of the company's fiscal third-quarter financial results, which significantly exceeded analyst expectations. Cirrus Logic reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%, while revenue reached $580.6 million, surpassing the estimated $533.89 million by 8.75%. Management attributed the strong performance to stronger-than-anticipated demand for components shipping into smartphones and a favorable product mix.</p><p>Additionally, the company provided fourth-quarter revenue guidance of $410 million to $470 million, which exceeds analyst forecasts. Several analysts raised their target prices for Cirrus Logic following the earnings report, including Barclays (to $110 from $100), Benchmark (to $160 from $150), and Stifel (to $163 from $150), contributing to the positive market sentiment.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Cirrus Logic Soars 5.96% in Early Trading on Strong Q3 Earnings Beat, Upbeat Guidance and Analyst Target Price Increases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Cirrus Logic Soars 5.96% in Early Trading on Strong Q3 Earnings Beat, Upbeat Guidance and Analyst Target Price Increases\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-04 22:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cirrus Logic's stock surged 5.96% in early trading on Wednesday, marking a significant gain for the semiconductor company.</p><p>The sharp increase followed the release of the company's fiscal third-quarter financial results, which significantly exceeded analyst expectations. Cirrus Logic reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%, while revenue reached $580.6 million, surpassing the estimated $533.89 million by 8.75%. Management attributed the strong performance to stronger-than-anticipated demand for components shipping into smartphones and a favorable product mix.</p><p>Additionally, the company provided fourth-quarter revenue guidance of $410 million to $470 million, which exceeds analyst forecasts. Several analysts raised their target prices for Cirrus Logic following the earnings report, including Barclays (to $110 from $100), Benchmark (to $160 from $150), and Stifel (to $163 from $150), contributing to the positive market sentiment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRUS","symbol_name":"凌云半导体","start_time":0,"source_url":"","article_id":"1165945176","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165945176","pubTimestamp":1770216668,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cirrus Logic's stock surged 5.96% in early trading on Wednesday, marking a significant gain for the semiconductor company.The sharp increase followed the release of the company's fiscal third-quarter...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRUS":"凌云半导体"},"translate_title":"个股赛道|Cirrus Logic早盘飙升5.96%，因Q3盈利强劲、指引乐观以及分析师目标价上调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRUS":1},"content_text":"Cirrus Logic's stock surged 5.96% in early trading on Wednesday, marking a significant gain for the semiconductor company.The sharp increase followed the release of the company's fiscal third-quarter financial results, which significantly exceeded analyst expectations. Cirrus Logic reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%, while revenue reached $580.6 million, surpassing the estimated $533.89 million by 8.75%. Management attributed the strong performance to stronger-than-anticipated demand for components shipping into smartphones and a favorable product mix.Additionally, the company provided fourth-quarter revenue guidance of $410 million to $470 million, which exceeds analyst forecasts. Several analysts raised their target prices for Cirrus Logic following the earnings report, including Barclays (to $110 from $100), Benchmark (to $160 from $150), and Stifel (to $163 from $150), contributing to the positive market sentiment.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}