Cirrus Logic Inc. (CRUS), a leading provider of audio and mixed-signal solutions, saw its stock soar 10.46% in pre-market trading on Wednesday, February 5th, 2025. This significant surge was driven by the company's stellar third-quarter fiscal 2025 results, robust fourth-quarter guidance, and the appointment of a seasoned executive as its new Chief Financial Officer (CFO).

In the third quarter, Cirrus Logic delivered outstanding financial performance, exceeding market expectations across key metrics. The company reported revenue of $555.7 million, surpassing analysts' estimates of $510.3 million, fueled by robust demand for its smartphone audio components and expanded content in laptops. Additionally, Cirrus Logic's non-GAAP earnings per share (EPS) of $2.51 surpassed expectations by 18.4%, reflecting a favorable product mix and lower supply chain costs that boosted gross margin to 53.6%.

Furthermore, the company provided an upbeat outlook for the fourth quarter of fiscal 2025, projecting revenue between $350 million and $410 million, higher than the consensus estimate of $361 million. This strong guidance underscores the continued demand strength for Cirrus Logic's products, driving investor confidence and contributing to the stock's pre-market surge.