Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Cirrus Logic's second quarter fiscal year 2026 financial results showed strong performance, with record revenue reaching $561 million, positioning itself near the top of guidance ranges.</li><li>The primary driver of this outcome was robust demand for components integrated into smartphones, showcasing Cirrus Logic's enduring involvement in high-profile mobile technology sectors.</li><li>The company's strategic focus was evident across three main areas: leadership in its flagship smartphone audio business, expansion in high-performance mixed-signal solutions, and diversification into new markets leveraging existing expertise.</li></ul>

Cirrus Logic's second quarter fiscal year 2026 financial results showed strong performance, with record revenue reaching $561 million, positioning itself near the top of guidance ranges.The primary driver of this outcome was robust demand for components integrated into smartphones, showcasing Cirrus Logic's enduring involvement in high-profile mobile technology sectors.The company's strategic focus was evident across three main areas: leadership in its flagship smartphone audio business, expansion in high-performance mixed-signal solutions, and diversification into new markets leveraging existing expertise.

Cirrus Logic Hits High Gear—Why Automakers and Audio Pros Suddenly Want Its Chips!

<ul><li>Cirrus Logic reported robust financial results for the first quarter of fiscal year 2026, reflecting a strong demand for its products, particularly in the smartphone sector.</li><li>The company achieved revenue of $407.3 million, surpassing the higher end of their guidance.</li><li>This performance was primarily driven by strong demand for smartphones featuring Cirrus Logic's silicon, marking a 9% increase in sales year-over-year.</li></ul>

Cirrus Logic reported robust financial results for the first quarter of fiscal year 2026, reflecting a strong demand for its products, particularly in the smartphone sector.The company achieved revenue of $407.3 million, surpassing the higher end of their guidance.This performance was primarily driven by strong demand for smartphones featuring Cirrus Logic's silicon, marking a 9% increase in sales year-over-year.

Cirrus Logic: Expansion into Laptop Market for Increased Market Share In This Domain!

<ul><li>Cirrus Logic's fourth quarter and full fiscal year 2025 financial results show a mixed performance.</li><li>The company reported a revenue of $424.5 million for the March quarter, exceeding the top end of its guidance range.</li><li>For the full fiscal year 2025, the revenue reached $1.9 billion, marking a 6% year-over-year increase.</li></ul>

Cirrus Logic's fourth quarter and full fiscal year 2025 financial results show a mixed performance.The company reported a revenue of $424.5 million for the March quarter, exceeding the top end of its guidance range.For the full fiscal year 2025, the revenue reached $1.9 billion, marking a 6% year-over-year increase.

Cirrus Logic: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!

Asia and Global Semiconductor and Tech Research

Andrew Lu

Thematic (Sector/Industry)

<ul>
<li>During MOI correction period, global semi equipment and manufacturing vendors might under-perform semi product companies on sales/earnings and share price performance in next 6 months given utilization remains below 80%.</li>
<li>A healthy MOI correction in PC/smartphone semi might result in global logic MOI to fall to 3.7-3.8 months in 3Q23, down 15% q/q and 8% y/y, heading to historical low. </li>
<li>China fabless reduced MOI to 6.4 months in 3Q23, down 16% q/q and 26% y/y. Although 2x over 3.5 months low, we expect 4-5 months in future due to restrictions.</li>
</ul>


During MOI correction period, global semi equipment and manufacturing vendors might under-perform semi product companies on sales/earnings and share price performance in next 6 months given utilization remains below 80%.
A healthy MOI correction in PC/smartphone semi might result in global logic MOI to fall to 3.7-3.8 months in 3Q23, down 15% q/q and 8% y/y, heading to historical low. 
China fabless reduced MOI to 6.4 months in 3Q23, down 16% q/q and 26% y/y. Although 2x over 3.5 months low, we expect 4-5 months in future due to restrictions.


More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction

<ul><li>Cirrus Logic recently reported its financial performance for the third quarter of the fiscal year 2025, revealing both opportunities and challenges.</li><li>The company announced revenues of $555.7 million, surpassing the upper limit of its guidance range due to stronger-than-anticipated demand in the smartphone sector.</li><li>However, this quarter represented a 10% decline in sales year-over-year, attributed largely to a decrease in smartphone volumes and adjustments in the fiscal calendar.</li></ul>

Cirrus Logic recently reported its financial performance for the third quarter of the fiscal year 2025, revealing both opportunities and challenges.The company announced revenues of $555.7 million, surpassing the upper limit of its guidance range due to stronger-than-anticipated demand in the smartphone sector.However, this quarter represented a 10% decline in sales year-over-year, attributed largely to a decrease in smartphone volumes and adjustments in the fiscal calendar.

Cirrus Logic: The High-Performance Mixed Signal Expansion & Other Major Drivers

United States

Cirrus Logic, Inc. is a fabless semiconductor company that develops audio and voice IC and software solutions for mobile communications, automotive entertainment, and consumer audio applications. Cirrus Logic is headquartered in Austin, Texas.

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Cirrus Logic (CRUS US)

Cirrus Logic Hits High Gear—Why Automakers and Audio Pros Suddenly Want Its Chips!

Cirrus Logic's second quarter fiscal year 2026 financial results showed strong performance, with record revenue reaching $561 million, positioning...

Baptista Research

Cirrus Logic: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!

Cirrus Logic's fourth quarter and full fiscal year 2025 financial results show a mixed performance. The company reported a revenue of $424.5...

Baptista Research

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction. During the period, global semi equipment and manufacturing...

Andrew Lu

Cirrus Logic: The High-Performance Mixed Signal Expansion & Other Major Drivers

Cirrus Logic recently reported its financial performance for the third quarter of the fiscal year 2025, revealing both opportunities and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Cirrus Logic Hits High Gear—Why Automakers and Audio Pros Suddenly Want Its Chips!

Cirrus Logic's second quarter fiscal year 2026 financial results showed strong performance, with record revenue reaching $561 million, positioning...

Baptista Research

Cirrus Logic: Expansion into Laptop Market for Increased Market Share In This Domain!

Cirrus Logic reported robust financial results for the first quarter of fiscal year 2026, reflecting a strong demand for its products,...

Baptista Research

Cirrus Logic: 6 Major Game-Changers Impacting Its 2025 Performance & Beyond!

Cirrus Logic's fourth quarter and full fiscal year 2025 financial results show a mixed performance. The company reported a revenue of $424.5...

Baptista Research

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction. During the period, global semi equipment and manufacturing...

Andrew Lu

Cirrus Logic: The High-Performance Mixed Signal Expansion & Other Major Drivers

Cirrus Logic recently reported its financial performance for the third quarter of the fiscal year 2025, revealing both opportunities and...

Baptista Research