What I'll Be Watching When Cirrus Logic Reports Earnings
Cirrus Logic (NASDAQ: CRUS) shareholders are reaping the rewards of the company's recent performance, with shares up more than 50% over the past 12 months. Last quarter saw Cirrus' high-performance, low-power chips for audio signal processing make additional inroads with Android device OEMs, helping propel shares to recent all-time highs. Can Cirrus' good times continue? Here are the items I'll be paying close attention to when the company reports first-quarter earnings on Aug. 2.
For fiscal year 2017, Cirrus' revenue was $1.5 billion, up 32% year over year. And the company expects strong demand for its smart codecs, digital-to-analog converters and boosted amplifiers to continue into Q1 2018, guiding for revenue of $300 million to $340 million. At the midpoint, this would represent 23% growth. Analysts are, on average, expecting revenue of just above $320 million.
Source: Fool.com
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