Cirrus Logic Inc. (NASDAQ: CRUS) shares surged 10.25% in after-hours trading on Tuesday, following the company's impressive fiscal third-quarter 2025 earnings report and upbeat revenue guidance for the fourth quarter. The stock rally was further boosted by the appointment of Jeff Woolard as the new Chief Financial Officer.

For the third quarter ended December 28, 2024, Cirrus Logic reported adjusted earnings per share of $2.51, significantly outpacing analysts' expectations of $2.12. Revenue for the quarter came in at $555.7 million, surpassing the consensus estimate of $510.31 million.

Looking ahead, the company expects fiscal fourth-quarter revenue to range between $350 million and $410 million, compared to analysts' forecasts of $361 million. The better-than-expected guidance reflects Cirrus Logic's confidence in sustaining strong demand for its audio and mixed-signal products.

In addition to the robust financial performance, Cirrus Logic announced the appointment of Jeff Woolard as its new Chief Financial Officer, effective February 24, 2025. Woolard brings over 30 years of experience in the technology industry, with an extensive background in corporate finance, strategy, mergers and acquisitions, and business optimization. His appointment is expected to further strengthen Cirrus Logic's leadership team and support the company's growth strategies.

Investors reacted positively to the strong quarterly results, upbeat guidance, and the appointment of an experienced CFO, sending Cirrus Logic's shares soaring in after-hours trading. The company's ability to exceed expectations and its strategic moves to bolster its management team bode well for its future prospects in the competitive semiconductor market.