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Sep 27, 2025
Cirrus Logic Q2 2026 Earnings Report
Cirrus Logic reported record fiscal second quarter revenue, driven by strong demand in smartphones and progress in expanding into new markets.
Key Takeaways
Cirrus Logic achieved record revenue of $561.0 million in the second fiscal quarter of 2026, primarily due to robust demand for smartphone components. The company also made significant strides in expanding into the PC market and increasing customer interest in its general market products, including professional audio, industrial, automotive, and imaging end markets. Both GAAP and non-GAAP gross margins remained strong at 52.5%.
Achieved record revenue of $561.0 million for the quarter, exceeding previous periods.
Strong demand for components in smartphones was the primary driver of revenue growth.
Secured the first mainstream consumer laptop design and expanded collaborations with leading PC platform vendors.
Saw increased customer interest in general market products targeting professional audio, industrial, automotive, and imaging end markets.
Revenue by Segment
Forward Guidance
For the third quarter of fiscal year 2026, Cirrus Logic anticipates revenue between $500 million and $560 million, with GAAP gross margin expected to be between 51% and 53%. Combined GAAP R&D and SG&A expenses are projected to range from $151 million to $157 million, leading to a non-GAAP operating expense range of $128 million to $134 million.
Positive Outlook
- Expected revenue range of $500 million to $560 million indicates continued strong performance.
- GAAP gross margin is forecasted to remain robust between 51% and 53%.
- Non-GAAP operating expenses are projected to be managed within a range of $128 million to $134 million.
- Continued focus on expanding into additional applications and markets.
- Leveraging mixed-signal processing expertise to drive long-term shareholder value.
Challenges Ahead
- Potential for customer cancellations of orders.
- Risk of failure to place orders consistent with forecasts.
- Changes in government trade policies, including tariffs or export restrictions, could impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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