Inferra AI / Company / CRUS
Cirrus Logic, Inc.
CRUS · Information Technology
Last earnings Aug 5, 2026
Key results
Revenuequarter
$407.3 Million
htm EX-99.1 Document Exhibit 99.1 FINANCIAL NEWS Cirrus Logic Reports Fiscal First Quarter Revenue of $407.3 Million AUSTIN, Texas August 5, 2025 Cirrus Logic, Inc.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Gross marginquarter
52.6 percent
Reported Financial Results First Quarter FY26 Revenue of $407.3 million GAAP and non-GAAP gross margin of 52.6 percent GAAP operating expenses of $141.6 million and non-GAAP operating expenses of $119.5 million and GAAP earnings per share of $1.14 and non-GAAP earnings per share of $1.51.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
EPSquarter
$1.14
Reported Financial Results First Quarter FY26 Revenue of $407.3 million GAAP and non-GAAP gross margin of 52.6 percent GAAP operating expenses of $141.6 million and non-GAAP operating expenses of $119.5 million and GAAP earnings per share of $1.14 and non-GAAP earnings per share of $1.51.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
GAAP and non-GAAP earnings per share were $1.14 and $1.51, respectively.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Non-GAAP* Revenue $407.3 $407.3 Gross Profit $214.0 $0.3 $214.3 Gross Margin 52.6% 52.6% Operating Expense $141.6 ($22.1) $119.5 Operating Income $72.4 $22.5 $94.9 Operating Profit 17.8% 23.3% Interest Income $8.6 $8.6 Other Expense $(0.4) $(0.4) Income Tax Expense $19.9 $2.9 $22.8 Net Income $60.7 $19.6 $80.3 Diluted EPS $1.14 $0.37 $1.51 *Complete GAAP to Non-GAAP reconciliations available on page 10 Numbers may not sum due to rounding $ millions, except EPS Revenue and Gross Margin Revenue for the June quarter was $407.3 million, down four percent quarter over quarter and up nine percent year over year.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
In Q1 FY26, revenue derived from our audio and high-performance mixed-signal (HPMS) product lines represented 59 percent and 41 percent of total revenue, respectively.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Non-GAAP gross marginquarter
52.6 percent
Non-GAAP gross margin in the June quarter was 52.6 percent, compared to 53.5 percent in Q4 FY25 and 50.6 percent in Q1 FY25.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Q1 FY26 Letter to Shareholders 4 GAAP earnings per share for the June quarter was $1.14, compared to earnings per share of $1.31 the prior quarter and $0.76 in Q1 FY25.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Non-GAAP earnings per share for the June quarter was $1.51, versus $1.67 in Q4 FY25 and $1.12 in Q1 FY25.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
AI analysis
Q1 FY2026 · reported Aug 5, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 5, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q1 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $407.3 Million | — | — |
| Gross margin | 52.6 percent | — | — |
| EPS | $1.14 | — | — |
| Non-GAAP gross margin | 52.6 percent | — | — |
Guidance · company-stated
“is expected to range between $510 million and $570 million”
“is forecasted to be between 51 percent and 53 percent”
“range between $131 million and $137 million”
Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.
Margin
Capital allocation
Capital expenditures include purchases of property, equipment and software as well as investments in technology, as presented within our GAAP Consolidated Condensed Statement of Cash Flows.
During the quarter, we repurchased 1,013,613 shares at an average price of $98.66, returning $100.0 million of cash to shareholders in the form of buybacks.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +25.2% computed from stated figures
Event summary
FINANCIAL NEWS Cirrus Logic Reports Fiscal First Quarter Revenue of $407.3 Million AUSTIN, Texas August 5, 2025 Cirrus
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue is expected to range between $510 million and $570 million”
gross margin: “gross margin is forecasted to be between 51 percent and 53 percent”
operating expense: “operating expense range between $131 million and $137 million”
Revenue (“Business Outlook”)
“Revenue is expected to range between $510 million and $570 million”
gross margin (“Business Outlook”)
“gross margin is forecasted to be between 51 percent and 53 percent”
operating expense (“Business Outlook”)
“operating expense range between $131 million and $137 million”
Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.
Capital allocation
Capital expenditures include purchases of property, equipment and software as well as investments in technology, as presented within our GAAP Consolidated Condensed Statement of Cash Flows.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
During the quarter, we repurchased 1,013,613 shares at an average price of $98.66, returning $100.0 million of cash to shareholders in the form of buybacks.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
At the end of Q1 FY26, the company had $454.1 million remaining in its share repurchase authorization.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Over the long term, we expect strong cash flow generation, and we will continue to evaluate potential uses of this cash, including investing in the business to pursue organic growth opportunities, M A, and returning capital to shareholders through share repurchases.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
The Company s cash equivalents and marketable securities portfolio consist of money market funds, debt securities, and U.
SEC original ↗Cirrus Logic, Inc. — 10-Q Quarterly report10-QAug 5, 2026
The Company's revolving credit facility, described in Note 8 - Revolving Credit Facility, bears interest at a base rate plus applicable margin or forward-looking secured overnight financing rate ( Term SOFR ).
SEC original ↗Cirrus Logic, Inc. — 10-Q Quarterly report10-QAug 5, 2026
Strategy & priorities
During the quarter, we also executed against our growth strategy to drive product and end-market diversification.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
With a growing roadmap of products and a proven track record of execution, we believe Cirrus Logic is well-positioned to grow long-term shareholder value.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
In addition, any statements that refer to our plans, expectations, strategies, or other characterizations of future events or circumstances are forward-looking statements.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Looking forward, we are focused on building on our strong intellectual property portfolio and leveraging our extensive mixed-signal expertise as we continue to drive growth across existing and new application areas in the coming years.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Over the long term, we expect strong cash flow generation, and we will continue to evaluate potential uses of this cash, including investing in the business to pursue organic growth opportunities, M A, and returning capital to shareholders through share repurchases.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Risks & headwinds
These forward-looking statements are based on our current expectations, estimates, and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially, and readers should not place undue reliance on such statements.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
These risks and uncertainties include, but are not limited to, the following the level and timing of orders and shipments during the second quarter of fiscal year 2026 customer cancellations of orders the failure to place orders consistent with forecasts changes in government trade policies, including the imposition of tariffs or export restrictions and global economic conditions and uncertainty, along with the risk factors listed in our Form 10-K for the year ended March 29, 2025 and in our other filings with the Securities and Exchange Commission, which are available at www.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
In the June quarter, our next-generation amplifier and codec were designed into several new laptops, we announced a collaboration with Compal to address persistent audio quality challenges, and we continued development on multiple new laptop components.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We also recently announced a collaboration with Compal, a leading electronic design and manufacturing services company, to address persistent audio quality challenges in laptops, notably the mechanical rattle and audio distortion that often leads to poor and inconsistent audio quality.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
These risks and uncertainties include, but are not limited to, the following the level and timing of orders and shipments during the second quarter of fiscal year 2026, customer cancellations of orders, or the failure to place orders consistent with forecasts or changes in government trade policies, including the imposition of tariffs and export restrictions and global economic conditions and uncertainty and the risk factors listed in our Form 10-K for the year ended March 29, 2025 and in our other filings with the Securities and Exchange Commission, which are available at www.
SEC original ↗Cirrus Logic, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Legal Proceedings 22 Item 1A.
SEC original ↗Cirrus Logic, Inc. — 10-Q Quarterly report10-QAug 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KCRUS
Oct 13, 2026
- 8-KCRUS
Oct 6, 2026
- Q2 2026
- 8-KCRUS
Aug 5, 2026
- 10-QCRUS
Aug 5, 2026
- 8-KCRUS
Aug 3, 2026
- Q1 2026
- 10-KCRUS
May 21, 2026
- 8-KCRUS
May 6, 2026
- Q4 2025
- 8-KCRUS
Mar 31, 2026
- 8-KCRUS
Feb 3, 2026
- 10-QCRUS
Feb 3, 2026
- Q3 2025
- 8-KCRUS
Nov 4, 2025
- 10-QCRUS
Nov 4, 2025
- Q2 2025
- 8-KCRUS
Aug 5, 2025
- 10-QCRUS
Aug 5, 2025
- 8-KCRUS
Jul 30, 2025
- Q1 2025
- 10-KCRUS
May 23, 2025
- 8-KCRUS
May 6, 2025
- Q4 2024
- 8-KCRUS
Feb 4, 2025
- 10-QCRUS
Feb 4, 2025
- EX-99CRUS
Feb 4, 2025
- Q3 2024
- 10-QCRUS
Nov 4, 2024
- 8-KCRUS
Nov 4, 2024
- Q2 2024
- 8-KCRUS
Aug 6, 2024
- 10-QCRUS
Aug 6, 2024
- 8-KCRUS
Jul 29, 2024
- 8-K/ACRUS
Jul 5, 2024
- Q1 2024
- 10-KCRUS
May 24, 2024
- 8-KCRUS
May 22, 2024
- 8-KCRUS
May 16, 2024
- 8-KCRUS
May 7, 2024
- Q4 2023
- 10-QCRUS
Feb 6, 2024
Earnings releases
21 documentsPresentations
0 documentsNo presentations for Cirrus Logic, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Cirrus Logic, Inc. are held in this edition of the library.
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