• Reported GAAP EPS of $2.75 up 25.57% YoY • Reported revenue of $580.62M up 4.48% YoY
Bullish
Cirrus Logic achieved increased net sales and profitability, driven by higher HPMS product volumes in smartphones and strategic expansion into AI-enabled PCs and new automotive haptic components.
Bearish
Cirrus Logic faces substantial risk from its high customer concentration, with one customer representing 94% of sales, alongside pricing pressure leading to gross margin compression and rising employee costs.