$CRUS

Cirrus Logic (CRUS) reported record Q1 revenue of about $460M and record GAAP EPS of $1.47, citing strong smartphone audio demand and expanding high performance mixed signal products. The company guided Q2 revenue to $510M-$570M, announced GlobalFoundries capacity reservations for 2027-2028, and said it has about $1.2B cash with no debt and ongoing share buybacks. Simply Wall St estimates fair value at $184.25 versus a $124.92 close.

Simply Wall St reports Cirrus Logic (CRUS) shares fell about 4.5% to $123.54 after Q1 FY2027 results. Revenue rose to $459.7m from $407.3m, and basic EPS increased to $1.52 from $1.17. Non-GAAP gross margin stayed above 50%. The article cites concentration and timing risks, including reduced FY27 PC expectations.

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.

Cirrus Logic (CRUS) shares fell more than 10% after the company reported weaker-than-expected audio sales in its first quarter fiscal 2027 results. For the quarter ended June 27, Cirrus reported adjusted EPS of $1.84, according to the company.

CIRRUS LOGIC, INC. (CRUS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.2 3 shareholderletter.htm EX-99.2 Document Exhibit 99.2 Q1 FY27 Letter to Shareholders August 5, 2026 August 5, 2026 Dear Shareholders, In Q1 FY27, Cirrus Logic delivered record first quarter revenue of $460 million as well as record first quarter GAAP and non-GAAP earnings

Cirrus Logic said Scottish Enterprise awarded it an R&D grant to develop a metrology analogue front-end platform for high-accuracy smart power metering. The technology targets residential, commercial and industrial metering, including EV charging, data center DC metrology, energy storage and grid monitoring. The project runs through 2028 and expands Edinburgh engineering and collaboration with the University of Strathclyde.

CIRRUS LOGIC, INC. (CRUS) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. crus-20260731 FALSE 0000772406 0000772406 2026-07-31 2026-07-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest e

Cirrus Logic (Nasdaq: CRUS) said Scottish Enterprise awarded it an R&D grant to develop a new metrology analogue front-end for high-accuracy smart power metering. The project, running through 2028, will expand advanced engineering in Edinburgh and includes collaboration with the University of Strathclyde’s Institute for Energy and Environment.

Cirrus Logic (CRUS) said it introduced a new family of nine high-performance audio converters, including ADCs, DACs and CODECs, for professional and prosumer markets. The lineup targets mid-tier applications like instruments, podcast interfaces, mixing consoles and studio gear, and includes hybrid gain control to reduce input-referred noise without added complexity.

The article highlights five NASDAQ-listed smartphone chip stocks tied to the next handset upgrade cycle: Synaptics (SYNA), Qualcomm (QCOM), Cirrus Logic (CRUS), Qorvo (QRVO), and Skyworks Solutions (SWKS). It cites SYNA Q3 FY26 revenue of $294.2M and QCOM Q2 FY26 handset revenue of $6.024B, plus earnings, guidance, and analyst price targets, including Qorvo-Skyworks merger updates.