Cirrus Logic ( (CRUS) ) has released its Q1 earnings. Here is a breakdown of the information Cirrus Logic presented to its investors.
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Cirrus Logic is a semiconductor company specializing in audio and high-performance mixed-signal processing solutions, primarily serving the smartphone, laptop, and general market sectors. In its Q1 FY26 earnings report, Cirrus Logic reported a revenue of $407.3 million, exceeding its guidance range, with GAAP and non-GAAP earnings per share at $1.14 and $1.51, respectively. The company highlighted the success of its latest smartphone audio components and its growing presence in the laptop market, alongside advancements in its general market business. Key financial metrics include a 52.6% gross margin and a net income of $60.7 million on a GAAP basis. The company also repurchased over a million shares, reflecting confidence in its financial health. Looking ahead, Cirrus Logic aims to leverage its intellectual property and mixed-signal expertise to drive growth across existing and new markets, with expected revenue for the next quarter ranging from $510 million to $570 million.