Cirrus Logic Full Year 2024 Earnings: Beats Expectations

Cirrus Logic (NASDAQ:CRUS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.79b (down 5.7% from FY 2023).

• Net income: US$274.6m (up 55% from FY 2023).

• Profit margin: 15% (up from 9.3% in FY 2023). The increase in margin was driven by lower expenses.

• EPS: US$5.06 (up from US$3.18 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cirrus Logic Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 22% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Cirrus Logic's balance sheet and an in-depth analysis of the company's financial position.

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