Cirrus Logic Inc. (CRUS), which makes high-precision analog and mixed-signal integrated circuits, on Monday raised its second quarter revenue guidance, citing stronger than anticipated demand for its audio products.
The Austin, Texas-based company said it now expects second quarter revenue to be about $55.7 million, compared to its prior guidance of $48 million to $52 million.
Analysts polled by Thomson Reuters currently expect the company to post $49.84 million for the second quarter. The company said it expects second quarter gross margin to be at the upper range of its previous guidance of 50% to 52%.
Cirrus Logic said it will release its second quarter financial results on October 20.
Cirrus Logic shares closed Monday's regular trading session at $5.13, up 2 cents but gained 48 cents or 9.36% in after hours trading.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.