Zacks Research Lifts Earnings Estimates for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS) – Equities researchers at Zacks Research raised their FY2026 EPS estimates for shares of Cirrus Logic in a research note issued to investors on Tuesday, February 24th. Zacks Research analyst Team now forecasts that the semiconductor company will earn $7.75 per share for the year, up from their prior forecast of $6.31. 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 Q4 2026 earnings at $1.41 EPS, Q1 2027 earnings at $1.15 EPS, Q2 2027 earnings at $2.56 EPS, Q3 2027 earnings at $2.79 EPS, Q4 2027 earnings at $1.47 EPS, FY2027 earnings at $7.97 EPS, Q1 2028 earnings at $1.10 EPS, Q2 2028 earnings at $2.65 EPS, Q3 2028 earnings at $2.72 EPS and FY2028 earnings at $7.95 EPS.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.60. The firm had revenue of $580.62 million for the quarter, compared to analysts’ expectations of $531.43 million. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.41%. Cirrus Logic’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $2.51 earnings per share.

Several other equities research analysts have also weighed in on CRUS. KeyCorp increased their target price on Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Loop Capital downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. Finally, Stifel Nicolaus raised their price target on shares of Cirrus Logic from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.43.

Cirrus Logic Trading Down 2.7%

Shares of NASDAQ CRUS opened at $141.12 on Friday. Cirrus Logic has a 12-month low of $75.83 and a 12-month high of $146.88. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 18.59 and a beta of 1.12. The stock’s 50 day simple moving average is $130.58 and its 200 day simple moving average is $124.46.

Institutional Trading of Cirrus Logic

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Cirrus Logic during the second quarter worth about $68,744,000. Invesco Ltd. grew its stake in shares of Cirrus Logic by 133.6% in the 4th quarter. Invesco Ltd. now owns 642,501 shares of the semiconductor company’s stock worth $76,136,000 after purchasing an additional 367,488 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cirrus Logic by 546.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 388,225 shares of the semiconductor company’s stock worth $46,005,000 after purchasing an additional 328,159 shares in the last quarter. Defiance ETFs LLC acquired a new stake in Cirrus Logic during the fourth quarter valued at approximately $38,050,000. Finally, DNB Asset Management AS boosted its holdings in Cirrus Logic by 124.1% during the second quarter. DNB Asset Management AS now owns 504,474 shares of the semiconductor company’s stock worth $52,594,000 after buying an additional 279,398 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Cirrus Logic

In other news, CEO John Forsyth sold 21,806 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $135.15, for a total value of $2,947,080.90. Following the completion of the transaction, the chief executive officer directly owned 50,723 shares in the company, valued at $6,855,213.45. This trade represents a 30.07% 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 Scott Thomas sold 3,239 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $141.63, for a total value of $458,739.57. Following the sale, the executive vice president directly owned 30,393 shares in the company, valued at approximately $4,304,560.59. The trade was a 9.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,045 shares of company stock valued at $3,835,300. Company insiders own 1.16% of the company’s stock.

Key Stories Impacting Cirrus Logic

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Zacks Research sharply raised near‑term and multi‑year EPS forecasts for CRUS, lifting multiple quarterly and full‑year estimates (examples: Q4 FY2026 to $1.41 from $0.69; Q1 FY2027 to $1.15 from $0.70; Q2 FY2027 to $2.56 from $2.08; Q3 FY2027 to $2.79 from $2.07). Zacks also raised FY2026 to $7.75 (from $6.31), FY2027 to $7.97 (from $6.08) and FY2028 to $7.95 (from $6.39) — a clear upgrade to the company’s forward earnings trajectory.
• Positive Sentiment: Zacks published a bullish style‑score/growth piece highlighting Cirrus Logic as a strong growth stock, which reinforces the analyst upgrade narrative and could support longer‑term investor interest. Read More.
• Neutral Sentiment: Reported short‑interest data for late Feb shows 0 shares and an implausible NaN increase (days‑to‑cover reported as 0.0). The data appears unreliable or incomplete and is unlikely to meaningfully explain price moves until corrected or corroborated by exchange filings.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.