Cirrus Logic reported fiscal second-quarter revenue of $559.5 million, up 22% from the prior quarter, as higher smartphone volumes and more content per device offset weaker PC and general-market sales. It forecasts December-quarter revenue of $510 million to $570 million, partly because some sales shifted into September, and expects gross margin of 51%–53% for the foreseeable future after calling September its high point. The company plans targeted price increases and expects fiscal 2027 operating expenses to rise as it invests in R&D. PC demand is weighed by memory and component shortages and delayed launches, though existing design wins remain in place. Cirrus also completed its INVENTVM acquisition and authorized up to $500 million in additional share repurchases.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
earningssemiconductorsshare buybacks
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- How Would You Fix Qualcomm?
Qualcomm generated $10.4 billion of free cash flow over the last four fiscal quarters, yet its stock fell 6.7% over the past year while the S&P 500 returned 11.8%. Its operating margin of 23.3% trails the 41.1% median of five chip peers, and it dropped to 16.3% in fiscal Q3 2026 from 26.6% a year earlier. Automotive chip sales reached $1.6 billion in the quarter, up 61%, and BMW Group picked Qualcomm as its lead compute silicon provider for the digital cockpit and driver-assistance systems. Handset chips, the largest chip segment at $5.1 billion, face pressure from unprecedented memory prices and an expected low-teens percentage decline in the handset market in 2026. Over the last four quarters, Qualcomm spent about $13.1 billion on buybacks and dividends, more than its free cash flow.
- Apple's quarter is not perfect. But with enough to like, we raised our price target
Apple's fiscal fourth-quarter revenue, ended Sept. 26, rose 12% to $114.48 billion, above the $113.39 billion expected by LSEG, and EPS grew 14% to $2.10 versus $1.99 estimated. Shares fell about 3% in after-hours trading because guidance for gross margins and Services revenue growth came in below Street expectations, although overall revenue guidance beat forecasts. Rising memory costs continue to weigh on margins, while the foldable iPhone Duo sold out on launch and supply remains constrained. Apple repurchased $24 billion of stock in the quarter and $86 billion over the past 12 months. The analysts raised their price target to $360 from $340 but kept a hold-equivalent 2 rating, citing the stock's strong run and a valuation above 35 times next-12-month EPS estimates.
- SK Hynix Shares Surge. Why It's Not Too Late to Buy the Stock.
SK Hynix's third-quarter revenue rose 328% year over year to 104.62 trillion won ($77.9 billion), beating the 98.34 trillion won analyst average, mainly on higher memory prices. Operating profit jumped 632% to 83.33 trillion won ($62 billion), with gross margin at 86% and operating margin at 80%. The company announced a 20 trillion won ($14.9 billion) buyback and a 14 trillion won ($10.4 billion) dividend, and plans to return 50% of its cumulative 2025–2027 free cash flow to shareholders. It said HBM4 prices will rise next year and that HBM demand is more than double its supply. The author argues the stock still looks attractive at 4.5 times forward earnings for 2027, while acknowledging that memory is cyclical.
- SK Hynix Jumps 8% After a 632% Profit Surge and a $45 Billion Shareholder Pledge. Micron and SanDisk Are Riding Along.
SK Hynix reported third-quarter results on October 28, 2026, and its US-listed shares jumped 8% to $156.78 in premarket trading, while Korea-listed shares gained 11% on the day, per AFP. Operating profit reached 83.33 trillion won (about $62.8 billion) and sales reached 104.61 trillion won, both records, but net profit of 39.77 trillion won fell short of the 59.67 trillion won average analyst estimate cited by Yonhap. The company also announced a new 60 trillion won shareholder return plan following an earlier 40 trillion won program, though the coverage gives no split between buybacks and dividends and no timeline. Micron rose about 4%, SanDisk about 5% and Western Digital less than 2%, even though Micron fell about 11%, SanDisk 23% and Western Digital 15% over the past month. The article views the rally as a possible relief bounce, noting that some analysts think earnings may have peaked while another expects the upward trend to last at least through 2027.
- SK Hynix Shares Spike in Seoul as Q3 Profit Jumps More Than 7-Fold: Memory Giant Plans $75 Billion in Shareholder Returns
SK hynix (NASDAQ:SKHY) reported a record third-quarter operating profit of KRW 83.33 trillion ($62.55 billion), up 632% year-on-year and above the KRW 76.7 trillion LSEG SmartEstimate, while revenue rose 328% to KRW 104.62 trillion ($78.52 billion). The company credited higher memory prices and AI server demand, and said it has signed long-term agreements with 14 major customers, typically running five years, covering more than 50% of its production capacity for 2027 and 2028. It plans to return about KRW 100 trillion ($75 billion) to shareholders this year, including at least KRW 30 trillion in dividends and at least KRW 60 trillion in buybacks. Shares in Seoul rose 6.64% to KRW 1,430,000, while Nasdaq-listed ADRs closed 1.92% higher at $145.36 and gained 2.78% to $149.40 in extended trading.
- Micron Now Trades at Under 5 Times Earnings With a $35 Billion Buyback Weeks Away
Micron Technology (NASDAQ:MU) closed at $833.59, near a three-month low and 31.3% below its record close, while the consensus analyst price target is $1,562. The stock fell after Kioxia guided December-quarter operating profit of 2 trillion yen, roughly flat from 1.99 trillion yen and below expectations, though Kioxia said next year's planned output is already sold out. Micron trades under 5 times forward earnings, but that figure relies on a consensus fiscal 2027 estimate of $176.50 per share, and the article says the outcome depends on how long memory stays scarce. The board raised its buyback authorization to $35.16 billion, available from December 9, 2026, while Micron repurchased only $650 million of stock in fiscal 2026; the article notes the program is permission, not an obligation. Over the past 30 days, 28 analysts raised fiscal 2027 EPS estimates and 2 cut them, even as the stock remains up 192.3% this year.
Related markets
Latest news
- National Assembly to Debate Draft Law on State Budget (Consolidated) on November 5
On November 5, the National Assembly debated the draft Law on State Budget (consolidated) in plenary session. Finance Minister Ngô Văn Tuấn, presenting on behalf of the Prime Minister, said the summary of the draft was submitted on October 23 and aims to institutionalize Party policy and resolve overlaps between two legal processes governing state-budget public investment capital. The draft has 10 chapters and 103 articles, integrating rules on planning, allocation, execution and settlement of budgets and public investment. Key policies include standardizing concepts such as development investment spending, budget reserves and budget surplus, reforming the annual public investment budget estimate, and adding a chapter on a five-year financial plan linked to the public investment portfolio.
- Prediction: This Is How Much IonQ Stock Will Be Worth by the End of 2027
The article projects IonQ stock could reach about $80 by the end of 2027, more than double the current $30, if its 256-qubit system launches successfully in early 2027. The author notes IonQ’s trapped-ion technology achieved 99.99% two-qubit fidelity, versus 99.9% for some competitors, and that the company already has several preorders for the new system. However, IonQ has said a 10,000-qubit fault-tolerant computer will be needed for commercial viability, and it has not yet released commercially viable equipment, relying on partnerships and outside funding. The stock is down about 65% from its all-time high set in October 2025. The author concludes the stock looks attractive at current levels.
- ACB Launches Credit Card for Household Businesses, with Up to 55 Days Interest-Free and Up to 10% Cashback
ACB has launched the ACB Visa Business credit card for household business owners and sole traders, aimed at working capital needs during the year-end peak season. The card offers up to 55 interest-free days and cashback of up to 10% on transport, bill payment and software transactions, and eligible purchases can be converted into installments from 1.74% for a 3-month term. Eligible customers can apply online via ACB ONE using a pre-approved credit limit without providing income documents. Cardholders also get free cash withdrawals, interest refunds on cash withdrawals of up to 500,000 VND, and annual fee refunds once spending thresholds are met.
- The Deal With Meta & OpenAI Just Cost AMD $1.1 Billion
AMD booked a $1.1 billion noncash charge in the third quarter tied to its chip deals with OpenAI and Meta, the first time these agreements hit its reported earnings. The charge equals 66 cents per diluted share and mainly reflects a higher share price and revised estimates of whether customers will meet milestones, as AMD began shipping Instinct MI450 accelerators. Each customer holds a warrant to buy up to 160 million shares at 1 cent apiece, which would give them about 16% of AMD's enlarged share count if fully exercised. Revenue reached $13.4 billion, and the data center segment hit a record $8.5 billion, up 97% from a year earlier. Free cash flow fell to $554 million from $1.56 billion as inventory rose about $3 billion to roughly $11.5 billion.
- Why Alphabet Stock Popped on Wednesday
Alphabet shares rose as much as 5.9% on Wednesday and closed up 3.2% after Democrats took control of both the House and the Senate in the U.S. midterm elections. A prominent voter issue was stricter oversight of data centers, with an estimated 50 ballot measures nationwide, many seeking moratoriums. Texas accounts for 41% of data center capacity scheduled to come online in 2028, and governor-elect Gina Hinojosa promised a moratorium until the legislature studies the facilities' effects. The article argues a moratorium would likely hurt competition and benefit hyperscalers like Google, even though the stock fell 13% in one day after its Q3 report, its largest single-day drop, on negative free cash flow of $9 billion and roughly $200 billion in planned 2026 capex, while Google Cloud revenue rose 103% to $30.7 billion.
- Steve Weiss Says the Midterms Just Put a Lid on AI Spending. Here's Who Could Get Hurt
After Democrats took control of Congress and newly elected governors pledged to limit data center development, AI infrastructure stocks fell sharply while chipmakers barely moved. Steve Weiss told CNBC the market sees the Democratic win as a forced restraint on capex, since companies could not spend what they committed under a moratorium on new data centers, especially in Texas, where 30% of projects are located. Vistra and Vertiv fell by double digits, while NVIDIA and Broadcom slipped far less, because chips can be sold to projects in other states or countries. Morgan Stanley's Ariana Salvatore argued that a Republican-controlled Texas legislature would limit sweeping changes, while GLJ Research's Gordon Johnson said the Texas result could delay 13 gigawatts of planned data center power.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.