Loading...
•
Jun 28
Cirrus Logic Q1 2026 Earnings Report
Cirrus Logic's fiscal first quarter 2026 results showed strong revenue and improved non-GAAP EPS, driven by robust demand for custom boosted amplifiers and 22-nanometer smart codecs in smartphones.
Key Takeaways
Cirrus Logic reported a solid fiscal first quarter for 2026, with revenue reaching $407.3 million. The company achieved GAAP diluted earnings per share of $1.14 and non-GAAP diluted earnings per share of $1.51, demonstrating strong financial performance driven by key product advancements and strategic market diversification.
Revenue for the first quarter of fiscal year 2026 was $407.3 million.
GAAP diluted earnings per share stood at $1.14, while non-GAAP diluted earnings per share reached $1.51.
Both GAAP and non-GAAP gross margins were reported at 52.6%.
The company saw strong demand for custom boosted amplifiers and its first 22-nanometer smart codec in smartphones, alongside traction in the laptop market and ramping production of general market components.
Cirrus Logic
Cirrus Logic
Cirrus Logic Revenue by Segment
Revenue by Segment
Audio Revenue
CapyFin.comHigh-Performance Mixed-Signal Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal year 2026, Cirrus Logic anticipates revenue to be between $510 million and $570 million, with GAAP gross margin expected to be between 51 percent and 53 percent. Combined GAAP R&D and SG&A expenses are projected to range from $153 million to $159 million, leading to a non-GAAP operating expense range of $131 million to $137 million.
Positive Outlook
- Expected revenue increase for Q2 FY26, ranging from $510 million to $570 million.
- GAAP gross margin is forecasted to remain strong, between 51% and 53%.
- Non-GAAP operating expenses are projected to be managed within a range of $131 million to $137 million.
- Continued execution against growth strategy to drive product and end-market diversification.
- Gaining traction in the laptop market and ramping production of latest-generation general market components.
Challenges Ahead
- Combined GAAP R&D and SG&A expenses are anticipated to be between $153 million and $159 million, indicating potential increases in operational costs.
- Approximately $20 million in stock-based compensation expense is included in the operating expense forecast, which impacts GAAP profitability.
- Amortization of acquired intangibles of $2 million is also included in the operating expense forecast.
- The guidance range for revenue is broad, indicating potential variability in performance.
- No specific negative factors were highlighted in the forward guidance beyond the inherent uncertainties of financial forecasting.
Revenue & Expenses
Visualization of income flow from segment revenue to net income