Cirrus Logic (NASDAQ:CRUS) Issues Earnings Results, Beats Expectations By $0.19 EPS

Key Points

• Cirrus Logic reported $1.95 EPS for the quarter, beating estimates by $0.19, with revenue of $448.5 million (up 5.7% YoY) and healthy margins (net margin 20.5%, ROE 20.4%).
• The company delivered record FY2026 results — $2.0 billion revenue (up 5%) and record EPS of $9.26 — and guided Q1 FY2027 revenue of $430–$490 million and gross margin of 51–53% while flagging higher non‑GAAP OpEx to fund R&D.
• Near‑term risks include a 23% sequential Q4 revenue decline driven by lower smartphone volumes and rising inventory to $240.9 million (~104 days); insiders have also sold shares recently and the stock traded down intraday to $167.69.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) announced its quarterly earnings data on Wednesday. The semiconductor company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.19, FiscalAI reports. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.41%. The company had revenue of $448.52 million during the quarter, compared to analyst estimates of $442.26 million. During the same quarter last year, the business posted $1.67 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis.

Here are the key takeaways from Cirrus Logic's conference call:

• Record FY2026 results — revenue was $2.0 billion (up 5% YoY) and the company delivered record EPS of $9.26, with strong margins and approximately $1.2 billion in cash and investments.
• Cirrus guided Q1 FY2027 revenue of $430–$490 million (midpoint up ~3% sequentially, ~13% YoY) and gross margin of 51–53%, while warning non‑GAAP OpEx will rise as it increases R&D investment for FY2027.
• Management emphasized design momentum and pipeline expansion — wins and ramps for advanced smartphone audio (custom boosted amplifier and 22nm smart codec), ongoing camera controller roadmaps, and a new smart power IC for 3D sensing currently in design.
• The PC business showed meaningful traction, growing from low‑$10s million in FY2025 to the ~$40s million range in FY2026, with SDCA content rising to ~60% of PC revenue and expected to approach ~80%, supporting continued PC growth in FY2027.
• Q4 revenue fell 23% sequentially due to lower smartphone unit volumes and inventory increased to $240.9 million (~104 days), a potential short‑term risk if end‑market volumes soften further.

Cirrus Logic Stock Performance

Cirrus Logic stock traded down $3.52 during midday trading on Wednesday, hitting $167.69. 1,084,259 shares of the company's stock were exchanged, compared to its average volume of 676,675. Cirrus Logic has a 12 month low of $91.32 and a 12 month high of $175.77. The firm has a 50-day moving average of $149.53 and a two-hundred day moving average of $134.50. The company has a market cap of $8.55 billion, a PE ratio of 22.09 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRUS shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Cirrus Logic in a report on Friday, March 27th. Zacks Research cut shares of Cirrus Logic from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Stifel Nicolaus increased their target price on shares of Cirrus Logic from $163.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Benchmark increased their target price on shares of Cirrus Logic from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Finally, Loop Capital cut shares of Cirrus Logic from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cirrus Logic has a consensus rating of "Moderate Buy" and a consensus target price of $152.14.

Insider Activity

In other Cirrus Logic news, EVP Justin E. Dougherty sold 3,000 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $143.16, for a total transaction of $429,480.00. Following the completion of the sale, the executive vice president directly owned 5,876 shares of the company's stock, valued at approximately $841,208.16. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Thomas sold 9,942 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $160.11, for a total transaction of $1,591,813.62. Following the sale, the executive vice president directly owned 30,393 shares of the company's stock, valued at approximately $4,866,223.23. The trade was a 24.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,181 shares of company stock valued at $2,480,033. Insiders own 1.16% of the company's stock.

Institutional Trading of Cirrus Logic

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of Cirrus Logic by 417.0% during the second quarter. NewEdge Advisors LLC now owns 3,536 shares of the semiconductor company's stock valued at $369,000 after buying an additional 2,852 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Cirrus Logic during the first quarter valued at about $361,000. Daiwa Securities Group Inc. lifted its position in shares of Cirrus Logic by 558.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,030 shares of the semiconductor company's stock valued at $359,000 after buying an additional 2,570 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of Cirrus Logic by 5.0% during the third quarter. Fred Alger Management LLC now owns 2,552 shares of the semiconductor company's stock valued at $320,000 after buying an additional 122 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Cirrus Logic during the second quarter valued at about $315,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company's product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.

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