Cirrus Logic's Q1 Earnings Beat Analysts' Expectations, Revenues Up 8.6%

Cirrus Logic reported Q4 revenues of $581m, beating analyst forecasts by 8.6%. Statutory profit was $2.66, a 31% increase from expectations. Analysts have updated their forecasts for 2027, with revenues expected to reach $2.06b, a 4.5% improvement from the previous year, and earnings per share expected to shrink 3.8% to $7.62. There was no change to the consensus price target of $145.