Cirrus Logic 2026 Q1 Earnings Strong Performance as Net Income Surges 44.2%

Cirrus Logic delivered a strong Q1 2026 earnings report, with revenue and earnings surpassing prior-year results. The company reported revenue growth of 8.9% year-over-year, supported by robust demand in key product categories. For the second consecutive quarter, guidance for the upcoming period was provided, with revenue expectations for Q2 set at a range of $510 million to $570 million, reflecting confidence in sustained market momentum.

Revenue
Driven by increased adoption of custom boosted amplifiers and 22-nanometer smart codecs in the smartphone sector, Cirrus Logic’s total revenue grew to $407.27 million for Q1 2026. The Audio Products segment led the performance with revenue of $240.04 million, while the HPMS Products segment added $167.23 million, collectively accounting for the full top-line result.

Earnings/Net Income
Cirrus Logic’s earnings showed robust growth, with earnings per share rising 48.1% to $1.17 in Q1 2026, compared to $0.79 in the prior-year period. Net income also climbed significantly, reaching $60.70 million, an increase of 44.2% from $42.09 million in 2025 Q1, highlighting the company’s continued profitability improvement. The results indicate a positive earnings trajectory for the company.

Price Action
Following the earnings release, Cirrus Logic’s stock experienced modest declines, with a 0.46% drop in the latest trading day, 0.10% over the past full week, and a 4.81% decline month-to-date.

Post-Earnings Price Action Review
A strategy of buying CRUS after the earnings report and holding for 30 days yielded a 54.72% return, which underperformed the 86.40% benchmark return. While the approach avoided losses with a maximum drawdown of 0.00%, its Sharpe ratio of 0.25 and volatility of 36.32% suggest a conservative, low-risk profile with moderate returns.

CEO Commentary
John Forsyth, President and CEO, attributed the strong Q1 performance to growing demand for advanced audio and power management solutions. He highlighted progress in expanding into the laptop market and advancing next-generation components for professional audio, automotive, industrial, and imaging applications. Forsyth expressed confidence in the company’s product roadmap and execution capabilities, emphasizing long-term value creation for shareholders.

Guidance
For Q2 2026, Cirrus Logic anticipates revenue between $510 million and $570 million, with GAAP gross margin expected to range from 51% to 53%. Combined GAAP R&D and SG&A expenses are projected to fall between $153 million and $159 million, including $20 million in stock-based compensation and $2 million in amortization. Non-GAAP operating expenses are forecasted to be between $131 million and $137 million.

Additional News
On July 17, 2025, Futubull reported on Cirrus Logic’s news flow, though the site content was restricted and required JavaScript to view at the time. Within the three-week period leading up to the earnings release on August 6, 2025, no major non-earnings-related corporate events were disclosed, including M&A activity, C-level executive changes, or shareholder return initiatives. The primary focus remained on financial performance and strategic product development.