Headline: Cirrus Logic Inc. Q3 Profit Surges, Shares Jump - CLIC

[Para 1: The Lead] Cirrus Logic Inc. (NASDAQ: CLIC) reported a 25% increase in Q3 profits to $45 million, exceeding analyst estimates and driving its stock up 12% in after-hours trading. The semiconductor design company attributed the growth to strong demand in the wireless audio and automotive markets. [Para 2-3: Supporting details & Context] Revenue climbed 18% to $220 million, outpacing the $200 million forecast. The company's gross margin expanded to 52% from 50% in the same period last year, bolstered by cost efficiencies and pricing strategies. CEO John Wall stated, "Our strategic focus on high-growth segments has yielded significant results, and we are well-positioned for continued market leadership."