Earnings Releases·Nov 4, 2026, 4:01 PM ET

Cirrus Logic — Second Quarter FY27 Earnings Summary

Revenue declined 0.3% year-over-year to $559.5 million, while GAAP and non-GAAP gross margins expanded to 53.7% and 53.8% respectively from 52.5% in the prior year quarter.
GAAP and non-GAAP EPS decreased to $2.23 and $2.70 from $2.48 and $2.83 in the prior year period, with net income falling to $114.7 million from $131.6 million.
The company raised full-year guidance for Q3 FY27 revenue to a range of $510–$570 million and forecast GAAP gross margins between 51% and 53%.
The Board authorized an additional $500 million stock repurchase program in October 2026, following $128.5 million in retirements during the quarter.
Strategic momentum continues with broader adoption of third-generation camera controllers, sampling of smart metering components, and taped-out designs for fourth-gen camera controllers and AI-enabled PC codecs.