Zacks Research Predicts Cirrus Logic Q2 Earnings

Cirrus Logic, Inc. (NASDAQ:CRUS) – Stock analysts at Zacks Research issued their Q2 2026 EPS estimates for Cirrus Logic in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team expects that the semiconductor company will post earnings of $2.10 per share for the quarter. The consensus estimate for Cirrus Logic’s current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic’s Q3 2026 earnings at $1.93 EPS, FY2026 earnings at $5.99 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $2.14 EPS, Q4 2027 earnings at $1.21 EPS, FY2027 earnings at $6.01 EPS and Q2 2028 earnings at $2.14 EPS.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same period in the previous year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS.

A number of other research firms have also recently commented on CRUS. Wall Street Zen upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price target on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Susquehanna upped their target price on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Cirrus Logic Stock Performance

NASDAQ:CRUS opened at $128.92 on Thursday. The company’s 50-day simple moving average is $120.11 and its 200-day simple moving average is $107.00. Cirrus Logic has a fifty-two week low of $75.83 and a fifty-two week high of $131.87. The stock has a market capitalization of $6.62 billion, a P/E ratio of 20.18 and a beta of 1.09.

Institutional Trading of Cirrus Logic

Several institutional investors and hedge funds have recently bought and sold shares of CRUS. Vanguard Group Inc. lifted its position in Cirrus Logic by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock valued at $639,849,000 after buying an additional 24,614 shares during the last quarter. LSV Asset Management increased its position in shares of Cirrus Logic by 6.4% during the first quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock worth $239,400,000 after acquiring an additional 145,524 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Cirrus Logic by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after purchasing an additional 4,403 shares during the period. Ameriprise Financial Inc. grew its position in shares of Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock worth $111,380,000 after buying an additional 553,169 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Cirrus Logic by 131.5% in the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock worth $103,456,000 after acquiring an additional 604,337 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Scott Thomas sold 734 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $131.25, for a total value of $96,337.50. Following the transaction, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,452,793.75. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the sale, the executive vice president directly owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,187 shares of company stock worth $3,918,128 over the last 90 days. 1.16% of the stock is currently owned by company insiders.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.