Γ’β¬ΛOur long-term strategy is based around three broad principles: maintaining leadership in our core flagship smartphone audio business; continuing our expansion in high-performance mixed-signal functionality; and leveraging capabilities to grow in new markets.Γ’β¬β’
— John Forsyth
03Detailed Report
CRUS
Cirrus Logic Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 13, 2026
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Executive Summary
For the first quarter of fiscal 2025, Cirrus Logic Inc reported impressive financial results, delivering revenues of $374 million, surpassing the upper guidance and reflecting an 18% year-over-year increase. This performance was underpinned by heightened shipments into the smartphone sector. With a solid gross profit margin of 50.5% and net income of $42.1 million, the company showcases a healthy profit trajectory, although management highlighted rising supply chain costs impacting gross margins sequentially. The strategic focus on extending audio technology and high-performance mixed-signal solutions positions Cirrus Logic favorably for sustained growth as it seeks to penetrate new markets beyond smartphones, particularly in laptops and automotive applications. The balance sheet remains robust, marked by $744.6 million in cash and investments, with no debt, further enhancing investor confidence.
Key Performance Indicators
Revenue
Decreasing
374.03M
QoQ: 0.59% | YoY: -22.25%
Gross Profit
Decreasing
188.93M
50.51% margin
QoQ: -1.92% | YoY: -23.39%
Operating Income
Decreasing
46.79M
QoQ: -10.66% | YoY: -55.75%
Net Income
Decreasing
42.10M
QoQ: -6.13% | YoY: -44.18%
EPS
Decreasing
0.79
QoQ: -4.82% | YoY: -42.75%
Revenue Trend
Margin Analysis
Financial Highlights
### Key Financial Metrics
- Revenue: $374 million (18% YoY growth)
- Gross Profit: $188.9 million (Gross Margin: 50.5%)
- Net Income: $42.1 million (EPS: $0.79)
- Operating Income: $46.8 million (Operating Margin: 12.5%)
- Research and Development Expenses: $105.4 million
Comparatively, Cirrus Logic's revenue growth exceeds industry averages and indicates strong positioning within the semiconductor sector, particularly in its smartphone audio solutions. Despite an increase in R&D expenses, the company's focus on innovation and market expansion reflects a commitment to long-term growth.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
374.03M
-22.25%
0.59%
Gross Profit
188.93M
-23.39%
-1.92%
Operating Income
46.79M
-55.75%
-10.66%
Net Income
42.10M
-44.18%
-6.13%
EPS
0.79
-42.75%
-4.82%
Key Financial Ratios
Gross Profit Margin
Good
50.50%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Fair
12.50%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Good
11.30%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
1.86%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.28%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
5.46
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.08
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
High Growth
40.51x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
Premium
3.69x
Trading at premium to book value, reflects strong intangibles or growth
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