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StocksMediumUpdated•Originally published 7 May 2026•Updated 7 May 2026•

1 min read

Cirrus Logic Stock Surges on Record Revenue and KeyBanc Price Target Hike

Key Facts

1Cirrus Logic achieved record full-year revenue of $2.0 billion, driven by robust demand in the smartphone and PC markets.

2Fourth-quarter earnings reached $1.95 per share, significantly beating the consensus estimate of $1.76.

27 days ago

Version History

1 additional source confirmed this story

Version 127 days ago

What changed: Added specific quarterly revenue figures, calculated potential upside percentage based on the current stock price, and included the company's total market capitalization.

Cirrus Logic reported exceptional financial results, achieving record full-year revenue of $2.0 billion, bolstered by fourth-quarter revenue of $448.50 million. Fourth-quarter earnings reached $1.95 per share, significantly beating estimates and bringing the company's market capitalization to approximately $8.55 billion. In response, KeyBanc raised its price target for CRUS to $200 from $175 while reiterating an Overweight rating. This new target represents a potential upside of 19.27% from the stock's price of $167.69 at the time of the update. The company's consistent growth reflects its dominance in the audio and voice chip sector. Analysts expect continued positive momentum due to Cirrus Logic's strategic position within the global consumer electronics supply chain, further bolstering investor confidence in its future growth prospects.