Analysts expect Cirrus Logic to report consensus revenue of $540.37 million and EPS of $2.11, with the current stock price of $113.71 trading well below the average analyst target of $150.71.
Investors are primarily focused on the High-Performance Mixed-Signal (HPMS) segment's growth and the company's progress in expanding its content within the Apple iPhone 17 ecosystem, particularly regarding next-generation Face ID wins.
Recent performance has been tempered by pricing reductions and higher supply chain costs, leading to a projected year-over-year decline in both revenue and earnings. However, the company's transition to lower-cost GlobalFoundries wafers is expected to provide a temporary boost to gross margins in the upcoming report.