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CRUS - Updating Cirrus Logic Revenue And Price Expectations For 2024 And Beyond
Cirrus Logic Inc.
2024-06-10 02:44:04 ET
Summary
Cirrus Logic confirms ASP increases with new iPhones in September and expects continued ASP growth over the next few years.
Revenue for June is expected to range between $290 million and $350 million, with a non-GAAP tax rate of 23%, but our upgraded estimate is over $360 million.
CRUS stock predicts significant revenue growth from camera controls, codec/amplifiers, PCs, and power management in the future.