Cirrus Logic — Second Quarter FY27 Earnings Summary

Cirrus Logic reported fiscal second quarter revenue of $559.5 million, driven by strong demand for smartphone components and the adoption of its third-generation camera controller. The company achieved a GAAP gross margin of 53.7 percent and reported non-GAAP earnings per share of $2.70 for the quarter ended September 26, 2026. Looking ahead to the third quarter of fiscal 2027, the company forecasts revenue between $510 million and $570 million with a gross margin range of 51 to 53 percent. Additionally, the Board of Directors authorized an additional $500 million share repurchase program to be funded through working capital and operating cash flow.