Cirrus Logic reports Q1 adjusted EPS $1.51, consensus $1.10

Reports Q1 revenue $407.3M, consensus $354.97M. “Cirrus Logic (CRUS) delivered strong financial results for the June quarter driven by robust demand for our custom boosted amplifier and first 22-nanometer smart codec shipping in smartphones,” said John Forsyth, Cirrus Logic president and chief executive officer. “During the quarter, we also executed against our growth strategy to drive product and end-market diversification. Our progress included gaining traction in the laptop market and ramping production of our latest-generation general market components that target the professional audio, automotive, industrial, and imaging end markets. With a growing roadmap of products and a proven track record of execution, we believe Cirrus Logic is well-positioned to grow long-term shareholder value.”