Cirrus Logic Inc. (CRUS) announced after the bell Monday that it expects net revenue for the third quarter to be up 49% year over year, to about $65 million. Prior guidance had been for revenues of $58 million to $62 million.
Cirrus Logic gapped up Tuesday morning and has since climbed sharply on above average volume. Shares are now up 1.28 at $7.90. The stock has broken out of a 3-week trading range and has risen to a new high for the year.
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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.