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Cirrus Logic reported September-quarter revenue of $559.5 million, up 22% sequentially, and non-GAAP EPS of $2.70. It completed the Inventum acquisition, authorized an additional $500 million in buybacks, and guided Q3 fiscal 2027 revenue to $510 to $570 million.
Cirrus Logic reported second-quarter net sales of $559.5 million, down $1.5 million, while six-month sales rose 5 percent to $1.0 billion. It completed the INVENTVM acquisition, and Apple Inc. represented approximately 93 percent of second-quarter net sales.
Cirrus Logic reported Q2 FY27 revenue of $559.5 million, GAAP EPS of $2.23 and non-GAAP EPS of $2.70. It forecast Third Quarter FY27 revenue of $510 million to $570 million and authorized an additional $500 million share repurchase in October 2026.
Cirrus Logic, Inc. confirmed it made acquisition proposals and was Party A in Synaptics Incorporated and ON Semiconductor Corporation filings concerning their pending merger, but is no longer pursuing a transaction.
Cirrus Logic acquired INVENTVM on October 6, 2026, expanding its mixed-signal power management and audio integrated circuits expertise, engineering capacity, and regional presence; the transaction will not have a material impact on revenue.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Cirrus Logic posted record Q1 FY27 revenue of $460M and non-GAAP EPS of $1.84, with smartphone momentum strong, but it cut FY27 PC revenue expectations due to platform supply constraints, memory shortages, and delayed OEM model introductions, while guiding Q2 revenue to $510M–$570M with a one-time gross margin tailwind from prior GlobalFoundries wafer pricing.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Audio product line share of revenue | 54% | Q1 FY27 | — |
| Average repurchase price | $163.43 | Q1 FY27 | — |
| Capital Expenditures as a Percentage of Revenue | 3% | Q1'27 | — |
| Cash and investment balance | $1.2B | Q1 FY27 | — |
| Cash Flow from Operations as a Percentage of Revenue | 14% | Q1'27 | — |
| Customer concentration (one customer) | 90% | Q1 FY27 | — |
| Free Cash Flow Margin non-GAAP | 11% | Q1'27 | — |
| Headcount | 1,717 | Q1 FY27 | — |
| HPMS product line share of revenue | 46% | Q1 FY27 | — |
| Inventory | $262.7M | Q1 FY27 | — |
| Non-GAAP Diluted earnings per share non-GAAP | $1.84 | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Diluted earnings per share $1.47
+$0.03 Effect of Amortization of acquisition intangibles
+$0.4 Effect of Stock-based compensation expense
-$0.06 Effect of Adjustment to income taxes
= Non-GAAP Diluted earnings per share $1.84
|
|||
| Non-GAAP Effective Tax Rate non-GAAP | 17.4% | Q1'27 | — |
| Non-GAAP Gross Margin non-GAAP | 52.7% | Q1'27 | — |
| Non-GAAP Gross Profit non-GAAP | 242.09M | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Gross Profit 241.86M
+238K Stock-based compensation expense - COGS
= Non-GAAP Gross Profit 242.09M
|
|||
| Non-GAAP Net Income non-GAAP | 96.1M | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Net Income 76.85M
+1.65M Amortization of acquisition intangibles
+20.59M Stock-based compensation expense
-2.99M Adjustment to income taxes
= Non-GAAP Net Income 96.1M
|
|||
| Non-GAAP Operating Expenses non-GAAP | 135.42M | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Operating Expenses 157.42M
-1.65M Amortization of acquisition intangibles
-13.25M Stock-based compensation expense - R&D
-7.11M Stock-based compensation expense - SG&A
= Non-GAAP Operating Expenses 135.42M
|
|||
| Non-GAAP Operating Income non-GAAP | 106.67M | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Operating Income 84.44M
+1.65M Amortization of acquisition intangibles
+238K Stock-based compensation expense - COGS
+13.25M Stock-based compensation expense - R&D
+7.11M Stock-based compensation expense - SG&A
= Non-GAAP Operating Income 106.67M
|
|||
| Non-GAAP Operating Profit non-GAAP | 23.2% | Q1'27 | — |
| Non-GAAP Tax Expense non-GAAP | 20.29M | Q1'27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Tax Expense 17.3M
+2.99M Adjustments to income taxes
= Non-GAAP Tax Expense 20.29M
|
|||
| Share repurchase authorization remaining | $239.6M | Q1 FY27 | — |
| Shares repurchased | 211,099 | Q1 FY27 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CRUS
this stock
Cirrus Logic, Inc.
|
$5.99B | +1.4% | +5.3% | 15.2 | 7.6% |
|
NVDA
Nvidia Corp
|
$3.92T | -12.7% | +65.5% | 20.6 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.07T | +31.2% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.66T | +0.3% | +18.2% | 44.3 | 1.1% |
|
SKHY
SK hynix Inc.
|
$929.35B | — | — | — | 0.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Cirrus Logic reported Q2 FY27 revenue of $559.5 million, GAAP EPS of $2.23 and non-GAAP EPS of $2.70. It forecast Third Quarter FY27 revenue of $510 million to $570 million and authorized an additional $500 million share repurchase in October 2026.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CRUS | +5.8% | +11.4% | -32.6% | +9.4% | +1.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +3.2% | +12.6% | -33.1% | +9.6% | -9.2% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
