Cirrus Logic (CRUS) Unveils Next-Generation Pro Audio Devices

Zacks Equity Research
·4-min read

Cirrus Logic Inc. CRUS recently launched its latest lineup of digital-to-analog converters (DACs) and an ultra-high-performance audio CODEC. These innovative solutions are specifically crafted for recording artists, live performers and audiophiles, delivering uncompromising sound quality and exceptional performance.

The new additions to the Pro Audio family include the 8-channel DAC CS4308P, 4-channel CS4304P, 2-channel CS4302P and CODEC CS4282P. These devices offer top-notch performance, minimal power consumption and features like hybrid gain control to address the pressing audio challenges that have been rooted in the industry for a long time.

The state-of-the-art devices are created with an emphasis on superior analog functionality and digital integration, effortlessly integrating into a broad spectrum of audio equipment, such as USB audio interfaces, professional speakers, musical instruments and many more.

The cutting-edge, user-friendly solutions offer configurable advanced digital filters, empowering customers to specify their signature sound. Additionally, CRUS highlighted that the devices boast industry-leading power efficiency, consuming just 10 mW/ch for the 8/4-channel DACs, underscoring CRUS’ commitment to energy-efficient products.

Austin, TX-based Cirrus Logic is a fabless semiconductor supplier that develops low-power, high-precision mixed-signal processing solutions. Being a fabless company, it does not have to own or operate foundries for the production of wafers. Instead, it works with third-party contractors and chip assemblers for the manufacturing, assembling and testing of products.

Innovative product launches and strategic alliances are enabling CRUS to strengthen its position in the semiconductor industry. In February 2024, the company announced a collaboration with Intel and Microsoft to engineer a new PC reference design that encompasses its high-performance audio and power technologies and Intel's upcoming client processor — Lunar Lake.

In the last reported quarter, CRUS generated revenues of $371.8 million, down 0.3% year over. The contraction was due to a reduction of general market and custom components, primarily in non-smartphone applications. However, the top line beat the Zacks Consensus Estimate of $320 million. For first-quarter fiscal 2025, the company expects revenues in the range of $290-$350 million, with gross margins between 49% and 51%.

CRUS carries a Zacks Rank #3 (Hold) at present. The stock has gained 61% in the past year compared with the sub-industry’s growth of 63.3%.

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NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.

Arista Networks, Inc. ANET, sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Silicon Motion Technology Corporation SIMO, sporting a Zacks Rank #1 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.

SIMO is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.

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