NASDAQ$CRUS
Cirrus Logic Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Cirrus Logic reported revenue above guidance and solid sales across its product portfolio.
Cirrus Logic's Q2 FY21 revenue was $347.3 million, exceeding the high end of guidance, driven by strong demand for smartphone components. The company expanded the number of smartphones, tablets, and wearables utilizing its technology and reached development milestones for product diversification.
- Q2 FY21 revenue was $347.3 million, exceeding the high end of guidance.
- Experienced solid sales across the breadth of product portfolio, with strong demand for smartphone components.
- Expanded the number of smartphones, tablets, and wearables utilizing Cirrus Logic's technology.
- Reached several meaningful development milestones that will fuel product diversification and growth opportunities.
Headline financials
Revenue & EPS history
Cirrus Logic · Revenue · Quarterly
$347M
Revenue by segment
Cirrus Logic · $2B total across 2 segments · Q4 2026
- Audio Products$1.16B—58.1%
- HPMS Products$837M—41.9%
Forward guidance
For Q3 FY21, Cirrus Logic expects revenue to range between $440 million and $480 million, GAAP gross margin to be between 50% and 52%, and combined GAAP R&D and SG&A expenses to range between $121 million and $127 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
+1.4%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+3.0%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+27.0%
Q1 2013
Best reaction
-14.6%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -1.7% | — | — | |
| Q3 2026 | +8.3% | +12.1% | +4.6% | |
| Q2 2026 | -7.8% | -8.4% | -4.5% | |
| Q1 2026 | -7.4% | -0.4% | +10.2% | |
| Q4 2025 | +2.6% | +1.2% | +3.0% | |
| Q3 2025 | +7.8% | +3.0% | +7.4% | |
| Q2 2025 | -6.8% | -6.0% | -6.0% | |
| Q1 2025 | +9.9% | +17.7% | +22.5% | |
| Q4 2024 | +13.6% | +17.9% | +32.0% | |
| Q3 2024 | +14.2% | +18.2% | +19.8% | |
| Q2 2024 | +3.9% | +6.8% | +12.1% | |
| Q1 2024 | +2.9% | +3.3% | +3.3% | |
| Q4 2023 | -6.4% | -9.1% | -6.3% | |
| Q3 2023 | +9.8% | +14.4% | +11.3% | |
| Q2 2023 | +5.6% | +1.6% | +11.9% | |
| Q1 2023 | +5.6% | +2.4% | -11.6% | |
| Q4 2022 | +5.6% | +0.8% | +7.4% | |
| Q3 2022 | -2.7% | -3.0% | +3.2% | |
| Q2 2022 | +1.4% | -2.4% | +0.0% | |
| Q1 2022 | -1.5% | -4.4% | +1.8% | |
| Q4 2021 | -13.6% | -12.7% | -9.3% | |
| Q3 2021 | -4.0% | -8.9% | -16.7% | |
| Q2 2021 | +0.6% | +7.3% | +17.2% | |
| Q1 2021 | -0.1% | -5.7% | -8.2% | |
| Q4 2020 | +2.7% | +7.7% | +1.7% | |
| Q3 2020 | +0.5% | -7.4% | -17.6% | |
| Q2 2020 | +17.1% | +17.2% | +23.6% | |
| Q1 2020 | +15.7% | +5.8% | +8.8% | |
| Q4 2019 | +3.6% | +4.5% | -21.5% | |
| Q3 2019 | -1.1% | +0.1% | +9.3% | |
| Q2 2019 | +10.8% | +11.0% | +0.0% | |
| Q1 2019 | -7.2% | -1.2% | +1.6% | |
| Q4 2018 | -0.4% | +2.0% | -3.8% | |
| Q3 2018 | -7.2% | -9.3% | -6.4% | |
| Q2 2018 | +1.3% | +2.0% | -4.6% | |
| Q1 2018 | -6.5% | -8.8% | -6.7% | |
| Q4 2017 | -0.3% | -2.6% | +4.4% | |
| Q3 2017 | -8.8% | -8.0% | -11.1% | |
| Q2 2017 | +5.1% | +6.7% | +9.2% | |
| Q1 2017 | +22.3% | +21.4% | +26.0% | |
| Q4 2016 | +12.4% | — | — | |
| Q3 2016 | +15.9% | — | — | |
| Q2 2016 | +3.3% | — | — | |
| Q1 2016 | +10.6% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -12.7% | — | — | |
| Q1 2015 | -2.3% | — | — | |
| Q4 2014 | +12.5% | — | — | |
| Q3 2014 | -11.9% | — | — | |
| Q2 2014 | -14.6% | — | — | |
| Q1 2014 | -8.7% | — | — | |
| Q4 2013 | -6.3% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -9.1% | — | — | |
| Q1 2013 | +27.0% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q4 2011 | -2.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2012 | -8.1% | — | — | |
| Q2 2011 | +2.4% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q1 2012 | -2.2% | — | — | |
| Q1 2011 | -2.2% | — | — |
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