CIRRUS LOGIC, INC.
For the period ended Nov 4, 2026. Filed Nov 4, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 4, 2026 · Filed Nov 4, 2026
Contents
EX-99.1 · Safe Harbor Statement
Safe Harbor Statement
Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements including our statements about our ability to grow long-term shareholder value; and our estimates for the third quarter fiscal year 2027 revenue, gross margin, combined research and development and selling, general and administrative expense levels, stock-based compensation expense, acquisition-related costs, amortization of acquisition intangibles, and our resulting non-GAAP operating expense range. In some cases, forward-looking statements are identified by words such as “expect,” “anticipate,” “target,” “project,” “believe,” “goals,” “opportunity,” “estimates,” “intend,” and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates, and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially, and readers should not place undue reliance on such statements. These risks and uncertainties include, but are not limited to, the following: the level and timing of orders and shipments during the third quarter of fiscal year 2027; customer cancellations of orders; the failure to place orders consistent with forecasts; global economic conditions and uncertainty; and our ability to develop and commercialize products and technologies for new markets, along with the risk factors listed in our Form 10-K for the year ended March 28, 2026 and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise, unless required by law.
| CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS | |||||
|---|---|---|---|---|---|
| (in thousands, except per share data; unaudited) | |||||
| Three Months Ended · Six Months Ended | |||||
| Sep. 26, | Jun. 27, | Sep. 27, | Sep. 26, | Sep. 27, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | |
| Q2'27 | Q1'27 | Q2'26 | Q2'27 | Q2'26 | |
| Audio | $314,509 | $249,034 | $318,214 | $563,544 | $558,257 |
| High-Performance Mixed-Signal | 244,953 | 210,689 | 242,746 | 455,641 | 409,975 |
| Net sales | 559,462 | 459,723 | 560,960 | 1,019,185 | 968,232 |
| Cost of sales | 258,909 | 217,868 | 266,586 | 476,778 | 459,828 |
| Gross profit | 300,553 | 241,855 | 294,374 | 542,407 | 508,404 |
| Gross margin | 53.7% | 52.6% | 52.5% | 53.2% | 52.5% |
| Research and development | 123,341 | 115,013 | 110,021 | 238,354 | 212,913 |
| Selling, general and administrative | 44,840 | 42,406 | 39,589 | 87,246 | 78,333 |
| Total operating expenses | 168,181 | 157,419 | 149,610 | 325,600 | 291,246 |
| Income from operations | 132,372 | 84,436 | 144,764 | 216,807 | 217,158 |
| Interest income, net | 9,672 | 10,082 | 8,695 | 19,754 | 17,317 |
| Other expense | (62) | (363) | (63) | (425) | (451) |
| Income before income taxes | 141,982 | 94,155 | 153,396 | 236,136 | 234,024 |
| Provision for income taxes | 27,243 | 17,304 | 21,800 | 44,546 | 41,731 |
| Net income | $114,739 | $76,851 | $131,596 | $191,590 | $192,293 |
| Basic earnings per share | $2.30 | $1.52 | $2.57 | $3.81 | $3.74 |
| Diluted earnings per share | $2.23 | $1.47 | $2.48 | $3.69 | $3.61 |
| Weighted average number of shares: | |||||
| Basic | 49,902 | 50,550 | 51,175 | 50,226 | 51,451 |
| Diluted | 51,481 | 52,353 | 53,054 | 51,907 | 53,195 |
| Prepared in accordance with Generally Accepted Accounting Principles | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.