Cirrus Logic 2026 Q2 Earnings Record Revenue and 28.8% Net Income Growth

Cirrus Logic (CRUS) delivered a strong performance in fiscal 2026 Q2, surpassing revenue and earnings expectations. , , , aligning with prior expectations.

Revenue

, driven by robust demand for smartphone components and expansion into the PC market. , , reflecting the company’s diversified revenue streams.

Earnings/Net Income

, . This marks continued profitability growth, supported by strong gross margins and disciplined cost management.

Price Action

. Month-to-date, , reflecting mixed short-term investor sentiment.

Post-Earnings Price Action Review

Following the earnings report, Cirrus Logic’s stock experienced immediate volatility. While the shares rose slightly during the latest trading day, , indicating cautious investor reactions. Month-to-date, , suggesting underlying confidence in the company’s strategic direction and market positioning.

CEO Commentary

John Forsyth, President and CEO, highlighted record Q2 revenue driven by smartphone demand and momentum in the PC market, including securing a first mainstream consumer laptop design. He emphasized strategic expansion into professional audio, industrial, automotive, and imaging markets, underscoring long-term growth potential.

Guidance

For Q3 2026, , . , reflecting disciplined cost control amid cautious revenue expectations.

Additional News

Cirrus Logic’s Zacks Rank was upgraded to #1 (Strong Buy) following its Q2 results, . The company secured its first mainstream consumer laptop design and is expanding AI voice capabilities for PCs. Additionally, Cirrus Logic’s share repurchase authorization remains active, , signaling confidence in its long-term value proposition.

Cirrus Logic’s strategic diversification into PCs and new markets, coupled with strong smartphone demand, positions it to capitalize on evolving industry trends. Analysts remain optimistic about its growth trajectory, though near-term volatility persists amid mixed market conditions.