Cirrus Logic (CRUS) reported stellar third-quarter fiscal 2025 results that significantly exceeded expectations, fueling a 10% surge in its stock price during after-hours trading. The semiconductor company's performance was bolstered by robust demand for its audio and mixed-signal solutions, coupled with operational efficiencies that boosted profitability.

For the quarter ended December 28, 2024, Cirrus Logic delivered:

• Revenue of $555.7 million, up 8.9% from analysts' estimates of $510.3 million, driven by strong demand for its smartphone audio components and expanded content in laptops.

• Non-GAAP earnings per share (EPS) of $2.51, surpassing expectations of $2.12 by 18.4%, reflecting a favorable product mix and lower supply chain costs that boosted gross margin to 53.6%.

The company's remarkable performance was further complemented by its upbeat guidance for the fourth quarter of fiscal 2025. Cirrus Logic projected revenue between $350 million and $410 million, higher than analysts' consensus estimate of $361 million, demonstrating continued demand strength.

In addition to its stellar financial results, Cirrus Logic announced the appointment of Jeff Woolard as the company's new Chief Financial Officer, effective February 24, 2025. Woolard brings over 30 years of experience in the technology industry, with extensive expertise in corporate finance, strategy, mergers and acquisitions, and business optimization.

Investors cheered Cirrus Logic's impressive results, robust guidance, and the addition of an accomplished executive to its leadership team, driving the stock's significant after-hours rally. The company's strong performance and strategic moves position it well for continued growth and success in the competitive semiconductor market.