Why Cirrus Logic Stock Jumped Today

Shares of semiconductor company Cirrus Logic (CRUS 6.45%) jumped on Wednesday after the company reported financial results for its fiscal third quarter of 2025. As of 12:30 p.m. ET, Cirrus Logic stock was up 6%.Strong smartphone demand boosted revenueAt the end of the second quarter, Cirrus Logic's management was somewhat unsure what to expect for Q3. It gave Q3 revenue guidance of $480 million to$540 million -- that's a big $60 million gap. But the company did far better than ever the high end of this out ...