Cirrus Logic Reports Record Fiscal Q1 2027 Results
Cirrus Logic reported record fiscal Q1 2027 revenue of $459.7M for the quarter ended June 27, 2026, with GAAP EPS of $1.47 and non-GAAP EPS of $1.84, and GAAP gross margin of 52.6%. For Q2, it guided revenue to $510M-$570M and GAAP gross margin of 52%-54%, with GAAP R&D and SG&A of $163M-$169M. Management cited smartphone demand and AI PC codec interest.
How this was made
The 30-second read
Why it matters
The disclosed GAAP and non-GAAP EPS, gross margin, and quantified Q2 revenue and margin guidance provide actionable inputs for earnings-model updates and near-term risk management.
Market read
This is a guidance-bearing earnings update with explicit ranges, which can drive estimate revisions and short-term trading around semiconductor demand narratives.
What to watch
The guidance emphasizes gross margin and operating expense ranges; traders may focus on whether margin sustainability holds as product mix shifts toward new codec and metrology offerings.
Background
Cirrus Logic is a mixed-signal supplier serving smartphones, AI-enabled PCs, and metrology applications; the article centers on its fiscal Q1 2027 results and Q2 guidance.
Ticker impact
Cirrus Logic reported record fiscal Q1 2027 revenue of $459.7M, GAAP EPS $1.47, and guided Q2 revenue to $510M-$570M.
Likely positive bias for the next few sessions as traders reprice growth and margin expectations versus prior expectations.
The article discloses a full set of quarterly results plus forward guidance ranges (revenue, GAAP gross margin, and expense outlook), which typically drives revisions and short-term trading.
Market effects
Mixed-signal and analog suppliers may see read-across interest if AI PC codec demand and smartphone custom component strength appear durable.
Limited direct regional impact; primarily US semiconductor sentiment and guidance-driven positioning.
AI-enabled PC and precision/metrology demand signals can influence broader global analog supply-chain sentiment.
Counterpoint
Record results may still be partially offset by non-GAAP adjustments and the wide Q2 revenue range, leaving upside dependent on execution and customer ramp timing.
Key entities
- companyCirrus Logic
Reported record fiscal Q1 2027 revenue and provided Q2 revenue, gross margin, and expense guidance.