Jun 2026 (Q1 FY27) — Aug 5, 2026
Cirrus Logic Q1 FY27 — Record Revenue and Strong HPMS Pipeline
Read the full callCirrus Logic (CRUS) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Cirrus Logic earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 460 | +12.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 18.4 | +0.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 76.9 | +26.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
34 of 34 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | 51% to 53% | Mar 2026 | Non-GAAP gross profit in the June quarter was $242.1 million and non-GAAP gross margin was 52.7%. | Achieved |
| PC and laptop revenue growth | continued strong growth in fiscal '27 | Mar 2026 | our expectations for our PC business this fiscal year have come down since we spoke in May, and I want to be clear about the reasons for that. | Diluted |
| Gross margin | 52% to 54% | Jun 2026 | GAAP gross margin is expected to range from 52% to 54%. | New |
16 of CIRRUS LOGIC, INC.'s 50 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 47 more targets are in the full ledger.
Claimed
- Reported record first quarter revenue of $460 million, up 13% year-over-year.
- Achieved record June quarter non-GAAP earnings per share of $1.84.
- Maintained a strong balance sheet with $1.2 billion in cash and investments and no debt.
- Secured dedicated wafer capacity and pricing for CY27 and CY28 through a new agreement with GlobalFoundries.
- Identified a strong pipeline of opportunity in core audio and high-performance mixed-signal (HPMS) business for smartphones.
Qualified
- PC business expectations for FY27 have come down due to constrained supply of a key industry platform, memory/component shortages, and OEM delays in new model introductions.
- Non-GAAP operating expense increased $9.3 million sequentially and $15.9 million year-over-year due to higher employee-related costs and R&D investments.
- Gross margin was impacted sequentially by previously anticipated pricing reductions, partially offset by cost reductions.
Price
$108.6 +0.68% · +$0.73
Performance −13.9% 1Y
1Y: $126.15 on 17 Oct 2025 → $108.6. High $178.9 (3 Jun 2026), low $106.33 (12 Oct 2026).
- Previous close
- $107.87
- 52-week range
- $106.33 – $178.9
- One year
- −17.24%
Overview
- Symbol
- CRUS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
34 of 34 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | 51% to 53% | Mar 2026 | Non-GAAP gross profit in the June quarter was $242.1 million and non-GAAP gross margin was 52.7%. | Achieved |
| PC and laptop revenue growth | continued strong growth in fiscal '27 | Mar 2026 | our expectations for our PC business this fiscal year have come down since we spoke in May, and I want to be clear about the reasons for that. | Diluted |
| Gross margin | 52% to 54% | Jun 2026 | GAAP gross margin is expected to range from 52% to 54%. | New |
Claimed
- Reported record first quarter revenue of $460 million, up 13% year-over-year.
- Achieved record June quarter non-GAAP earnings per share of $1.84.
- Maintained a strong balance sheet with $1.2 billion in cash and investments and no debt.
- Secured dedicated wafer capacity and pricing for CY27 and CY28 through a new agreement with GlobalFoundries.
- Identified a strong pipeline of opportunity in core audio and high-performance mixed-signal (HPMS) business for smartphones.
Qualified
- PC business expectations for FY27 have come down due to constrained supply of a key industry platform, memory/component shortages, and OEM delays in new model introductions.
- Non-GAAP operating expense increased $9.3 million sequentially and $15.9 million year-over-year due to higher employee-related costs and R&D investments.
- Gross margin was impacted sequentially by previously anticipated pricing reductions, partially offset by cost reductions.
The full ledger
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Call summaries
Mar 2026 (Q4 FY26) — May 6, 2026
Cirrus Logic Q4 FY26 — Record Revenue and EPS Driven by Smartphone and PC Demand
Read the full callEvery analysed call
Cirrus Logic earnings calls (CRUS)
Financials
What the filings say
Net profit, year on year: +27% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 542 | 556 | 424 | 407 | 561 | 581 | 449 | 460 |
| Operating profit | 132 | 146 | 86 | 72 | 145 | 153 | 90 | 84 |
| Operating margin | 24.3% | 26.2% | 20.3% | 17.8% | 25.8% | 26.3% | 20.1% | 18.4% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 140 | 154 | 95 | 81 | 153 | 162 | 100 | 94 |
| Tax rate | 27.1% | 24.5% | 24.7% | 24.7% | 14.2% | 13.6% | 18.4% | 18.4% |
| Net profit | 102 | 116 | 71 | 61 | 132 | 140 | 82 | 77 |
| EPS ($ per share) | 1.92 | 2.19 | — | 1.17 | 2.57 | 2.75 | — | 1.52 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -222 | -202 | -113 | 23 | -9 | 59 | 90 | 185 |
| Total liabilities | 212 | 363 | 442 | 524 | 406 | 415 | 378 | 361 |
| Fixed assets | 186 | 158 | 155 | 157 | 163 | 170 | 160 | 144 |
| Total assets | 1,353 | 1,593 | 1,831 | 2,123 | 2,064 | 2,232 | 2,327 | 2,489 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 207 | 296 | 349 | 125 | 340 | 422 | 444 | 651 |
| Cash from investing | -55 | -100 | -78 | -18 | -33 | -163 | -124 | -75 |
| Cash from financing | -171 | -120 | -121 | -179 | -230 | -202 | -283 | -314 |
| Net cash flow | -19 | 76 | 150 | -72 | 76 | 57 | 37 | 261 |
| Capital expenditure | -32 | -16 | -18 | -26 | -35 | -38 | -23 | -14 |
| Free cash flow | 175 | 280 | 331 | 99 | 304 | 384 | 422 | 637 |
CRUS revenue by segment
High Performance Mixed Signal Products grew from 42% to 46% of revenue over the last two years.
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Audio Products | 58% | 62% | 60% | 59% | 57% | 59% | 57% | 54% | +3.7% |
| High Performance Mixed Signal Products | 42% | 38% | 40% | 41% | 43% | 41% | 43% | 46% | +26.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q1 FY2027 · share of revenue
- CN 47% ↓ 13 pt
- IN 18%
- HK 12%
- VN 12%
- KR 5%
- Other Non US Countries 4%
- US 1% ↑ 1 pt
As CRUS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
88 filings between Oct 20, 2025 and Sep 21, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$13.59M
24 sales by 7 insiders
83% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 5
- Award — granted as compensation
- 35
- Option exercise — converted options into shares
- 23
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Forsyth John | — | $3.80M | May 8, 2026 |
| Baumgartner Jeffrey W | — | $3.42M | Sep 21, 2026 |
| THOMAS SCOTT | — | $2.38M | Jun 3, 2026 |
| Brannan Andrew | — | $2.29M | Jun 29, 2026 |
| Dougherty Justin E | — | $762.5K | May 21, 2026 |
| Alberty Carl Jackson | — | $635.0K | Feb 9, 2026 |
| DAVERN ALEXANDER M | — | $299.0K | May 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 1,166 | $138.8K |
| Aug 20, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 1,166 | $137.5K |
| Jul 29, 2026 | Hussain Muhammad Raghib Director | Award | 1,998 | $0 |
| Jul 29, 2026 | MOSLEY WILLIAM D Director | Award | 1,998 | $0 |
| Jul 29, 2026 | DAVERN ALEXANDER M Director | Award | 1,998 | $0 |
| Jul 29, 2026 | Tupman David J. Director | Award | 1,998 | $0 |
| Jul 29, 2026 | LE DUY LOAN T Director | Option exercise | 1,998 | $0 |
| Jul 29, 2026 | Lego Catherine P Director | Award | 1,998 | $0 |
| Jul 20, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 1,166 | $161.6K |
| Jul 1, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 1,458 | $212.8K |
| Jul 1, 2026 | Baumgartner Jeffrey W EVP, R&D | Option exercise 10b5-1 plan | 1,458 | $100.0K |
| Jun 29, 2026 | Brannan Andrew EVP, Worldwide Sales | Option exercise 10b5-1 plan | 6,464 | $568.8K |
| Jun 29, 2026 | Brannan Andrew EVP, Worldwide Sales | Sale 10b5-1 plan | 6,464 | $935.4K |
| Jun 22, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 1,170 | $196.8K |
| Jun 3, 2026 | THOMAS SCOTT EVP, General Counsel | Sale 10b5-1 plan | 1,300 | $234.1K |
| Jun 3, 2026 | THOMAS SCOTT EVP, General Counsel | Option exercise 10b5-1 plan | 1,300 | $101.4K |
| Jun 2, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 3,907 | $658.5K |
| Jun 2, 2026 | Baumgartner Jeffrey W EVP, R&D | Option exercise 10b5-1 plan | 3,907 | $162.1K |
| May 29, 2026 | Baumgartner Jeffrey W EVP, R&D | Option exercise 10b5-1 plan | 10,000 | $383.4K |
| May 29, 2026 | Brannan Andrew EVP, Worldwide Sales | Sale 10b5-1 plan | 1,645 | $289.1K |
| May 29, 2026 | Baumgartner Jeffrey W EVP, R&D | Sale 10b5-1 plan | 11,171 | $1.92M |
| May 21, 2026 | Forsyth John CEO | Tax withheld | 2,429 | $404.7K |
| May 21, 2026 | Forsyth John CEO | Option exercise | 6,171 | $0 |
| May 21, 2026 | Alberty Carl Jackson EVP, MSP | Tax withheld | 419 | $69.8K |
| May 21, 2026 | Alberty Carl Jackson EVP, MSP | Option exercise | 1,080 | $0 |
| May 21, 2026 | Baumgartner Jeffrey W EVP, R&D | Tax withheld | 419 | $69.8K |
| May 21, 2026 | Brannan Andrew EVP, Worldwide Sales | Tax withheld | 463 | $77.1K |
| May 21, 2026 | Baumgartner Jeffrey W EVP, R&D | Option exercise | 1,080 | $0 |
| May 21, 2026 | Brannan Andrew EVP, Worldwide Sales | Option exercise | 925 | $0 |
| May 21, 2026 | Dougherty Justin E EVP, Global Operations | Option exercise | 1,080 | $0 |
| May 21, 2026 | THOMAS SCOTT EVP, General Counsel | Option exercise | 1,080 | $0 |
| May 21, 2026 | Dougherty Justin E EVP, Global Operations | Tax withheld | 419 | $69.8K |
| May 21, 2026 | Grode Denise EVP, CHRO | Tax withheld | 282 | $47.0K |
| May 21, 2026 | Grode Denise EVP, CHRO | Option exercise | 925 | $0 |
| May 21, 2026 | Dougherty Justin E EVP, Global Operations | Sale | 2,000 | $333.0K |
| May 21, 2026 | THOMAS SCOTT EVP, General Counsel | Tax withheld | 425 | $70.8K |
| May 20, 2026 | DAVERN ALEXANDER M Director | Sale | 1,000 | $159.0K |
| May 8, 2026 | Forsyth John CEO | Sale 10b5-1 plan | 5,000 | $852.0K |
| Apr 9, 2026 | THOMAS SCOTT EVP, General Counsel | Sale 10b5-1 plan | 9,942 | $1.59M |
| Apr 9, 2026 | THOMAS SCOTT EVP, General Counsel | Option exercise 10b5-1 plan | 9,942 | $681.6K |
| Mar 5, 2026 | Woolard Jeffrey Chief Financial Officer | Option exercise | 11,862 | $0 |
| Mar 5, 2026 | Woolard Jeffrey Chief Financial Officer | Tax withheld | 3,884 | $521.5K |
| Feb 27, 2026 | Alberty Carl Jackson EVP, MSP | Option exercise | 1,197 | $93.4K |
| Feb 20, 2026 | DAVERN ALEXANDER M Director | Sale | 1,000 | $140.0K |
| Feb 13, 2026 | THOMAS SCOTT EVP, General Counsel | Sale 10b5-1 plan | 3,239 | $458.7K |
| Feb 13, 2026 | THOMAS SCOTT EVP, General Counsel | Option exercise 10b5-1 plan | 3,239 | $177.0K |
| Feb 11, 2026 | Dougherty Justin E EVP, Global Operations | Sale | 3,000 | $429.5K |
| Feb 9, 2026 | Alberty Carl Jackson EVP, MSP | Sale 10b5-1 plan | 3,648 | $518.3K |
| Feb 6, 2026 | THOMAS SCOTT EVP, General Counsel | Option exercise | 3,012 | $0 |
| Feb 6, 2026 | THOMAS SCOTT EVP, General Counsel | Tax withheld | 597 | $85.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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