The earnings call reflects a positive outlook with strong revenue and strategic diversification efforts, though tempered by some sequential declines and forecasting challenges.

Company Guidance -

Q2 2026

During the call, Cirrus Logic provided guidance for the second quarter of fiscal 2026, projecting revenue to be between $510 million and $570 million. The company reported first-quarter fiscal 2026 revenue of $407.3 million, which exceeded the top end of their guidance range, primarily driven by strong demand for smartphones incorporating their silicon. Non-GAAP gross profit for the June quarter was $214.3 million, with a gross margin of 52.6%. Operating expenses were $119.5 million, leading to an operating income of $94.9 million, representing 23.3% of revenue. The company expects GAAP gross margin to range from 51% to 53% and non-GAAP operating expenses to be between $131 million and $137 million for the next quarter. Cirrus Logic also highlighted a shift in seasonality, expecting sales to be more weighted towards the first half of the fiscal year.

Exceeding Revenue Expectations

Cirrus Logic delivered revenue of $407.3 million for the June quarter, surpassing the top end of their guidance range due to strong demand for smartphones.

Year-over-Year Sales Growth

Sales increased by 9% year-over-year, primarily driven by the latest generation products and higher smartphone unit volumes.

Strong Non-GAAP Financial Performance

Non-GAAP operating income was $94.9 million, or 23.3% of revenue, with a non-GAAP gross margin of 52.6%.

Strategic Diversification in PC and Automotive Markets

Cirrus Logic reported increased engagement with laptop customers and new design wins in automotive, indicating progress in diversification efforts.

Strong Cash Position and Share Repurchase

Ended the quarter with $847.8 million in cash and investments, up $12.9 million from the prior quarter, and repurchased approximately 1 million shares for $100 million.

Cirrus Logic (CRUS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CRUS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	2.37 / -	2.25	―	―	―
Aug 05, 2025	2026 (Q1)	1.10 / 1.51	1.12	34.82% (+0.39)
May 06, 2025	2025 (Q4)	1.18 / 1.67	1.24	34.68% (+0.43)
Feb 04, 2025	2025 (Q3)	2.04 / 2.51	2.89	-13.15% (-0.38)
Nov 04, 2024	2025 (Q2)	2.02 / 2.25	1.8	25.00% (+0.45)
Aug 06, 2024	2025 (Q1)	0.61 / 1.12	0.67	67.16% (+0.45)
May 07, 2024	2024 (Q4)	0.64 / 1.24	0.92	34.78% (+0.32)
Feb 06, 2024	2024 (Q3)	2.34 / 2.89	2.4	20.42% (+0.49)
Nov 02, 2023	2024 (Q2)	1.54 / 1.80	1.99	-9.55% (-0.19)
Aug 03, 2023	2024 (Q1)	0.41 / 0.67	1.12	-40.18% (-0.45)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CRUS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$104.97	$97.25	-7.35%
May 06, 2025	$98.72	$96.66	-2.09%
Feb 04, 2025	$101.39	$109.34	+7.84%
Nov 04, 2024	$110.63	$102.79	-7.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cirrus Logic (CRUS) report earnings?

Cirrus Logic (CRUS) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Cirrus Logic (CRUS) earnings time?

Cirrus Logic (CRUS) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CRUS EPS forecast?

CRUS EPS forecast for the fiscal quarter 2026 (Q2) is 2.37.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing