Cirrus Logic Q1 Earnings Rise 44% to $1.14/Sh, Revenue Up 9% to $407.3M

Cirrus Logic Inc. reported a Q1 profit of $60.69 million, or $1.14 per share, up from $42.09 million, or $0.76 per share, last year. Excluding items, adjusted earnings were $80.31 million or $1.51 per share. Revenue increased 8.9% to $407.27 million from $374.02 million last year.

Austin, Texas — Cirrus Logic Inc. (CRUS) reported a robust first quarter (Q1) 2026, posting a profit of $60.69 million, or $1.14 per share, up from $42.09 million, or $0.76 per share, in the same period last year. Excluding items, adjusted earnings were $80.31 million or $1.51 per share. Revenue increased 8.9% to $407.27 million from $374.02 million last year, surpassing analyst estimates [1].

The company's results exceeded the average estimate of $1.07 per share from three analysts surveyed by Zacks Investment Research. Revenue also surpassed expectations, with three analysts forecasting $363.8 million, compared to the actual $407.3 million reported [1].

Cirrus Logic expects revenue for the current quarter, ending in September, to range between $510 million and $570 million [1]. The company's president and CEO, John Forsyth, attributed the strong performance to robust demand for its custom boosted amplifier and first 22-nanometer smart codec shipping in smartphones. Additionally, the company has been executing its growth strategy to drive product and end-market diversification, including gaining traction in the laptop market and ramping production of its latest-generation general market components [2].

Cirrus Logic will host a live Q&A session today at 5 p.m. EDT to discuss its financial results and business outlook [2]. The company's non-GAAP earnings per share of $1.51 was also higher than the FactSet estimate of $1.10 [2].

References:
[1] https://wtop.com/news/2025/08/cirrus-logic-fiscal-q1-earnings-snapshot/
[2] https://www.businesswire.com/news/home/20250805289506/en/Cirrus-Logic-Reports-Fiscal-First-Quarter-Revenue-of-%24407.3-Million