Cirrus Logic's (CRUS) Q1 Earnings & Revenues Beat, Rise Y/Y

Cirrus Logic Inc. (CRUS) reported first-quarter fiscal 2025 adjusted earnings per share (EPS) of $1.12, which surpassed the Zacks Consensus Estimate by 80.7%. Also, the bottom line expanded 67.2% from the prior-year quarter’s 67 cents.Total revenues of$ 374 million beat the Zacks Consensus Estimate by 17.7% and soared 18% year over year. The uptick was driven primarily by stronger-than-anticipated shipments into the smartphone market. The company’s largest customer accounted for 88% of total revenues in the ...