Cirrus Logic reports Q3 adjusted EPS $2.40, consensus $1.99

Reports Q3 revenue $590.6M, consensus $544.6M. "Cirrus Logic delivered record revenue in the December quarter, with sales driven above the high end of guidance by demand for smartphones," said John Forsyth, Cirrus Logic president and chief executive officer. "During the quarter, customer engagement across our product portfolio remained strong. We taped out our next-generation 22-nanometer smart codec and we made excellent progress on numerous other audio and high-performance mixed-signal products. Going forward, we will continue to leverage our intellectual property into other applications and markets as we target opportunities for incremental content, including in the areas of sensing, charging, and power. With a solid product roadmap and a deep commitment to innovation, we believe Cirrus Logic is well-positioned to drive further growth and product diversification in the future."