What is the revenue and EPS growth rate for Cirrus Logic year over year?

What does Cirrus Logic do and what are its main business segments?

Did Cirrus Logic beat or miss consensus estimates last quarter?

What is Cirrus Logic's latest dividend and current dividend yield?

What guidance did Cirrus Logic's management provide for the next earnings period?

What were the key takeaways from Cirrus Logic's earnings call?

What is Cirrus Logic's gross profit margin?

What were the key takeaways from Cirrus Logic’s earnings call?

- **Record Revenue & Margin Expansion**: Q2 revenue of $561M (+4% YoY), gross margin 52.5%, driven by smartphone and PC growth.
- **Strategic Wins in PCs**: First mainstream consumer laptop design secured; voice-enabled AI features sampling to customers.
- **Battery Tech Progress**: Advanced IP in power efficiency and battery health gaining traction, with designs in development.
- **Financial Strength**: $896M cash reserves, 16-18% tax rate, and $500-560M Q3 revenue guidance.
- **OpEx Efficiency**: Q2 OpEx $127.7M below guidance due to delayed expenses; normalization expected in Q3.
- **Long-Term Growth Drivers**: PC market expansion, general market diversification, and AI/voice innovation.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q2 revenue of $561 million, up 4% YoY, driven by smartphone components and new market expansions.
- **Core Audio Strength**: Custom 22nm smart codec and boosted amplifiers contributed to long-term revenue visibility, with 5-6 year product lifecycles.
- **Mixed-Signal Expansion**: Camera controllers and battery management solutions saw strong customer engagement, with R&D focused on new features.
- **PC Market Momentum**: Secured first mainstream consumer laptop design, expanding into higher-volume segments. Voice-enabled AI features (e.g., ultra-low power wake) are sampling to customers.
- **General Market Diversification**: Pro audio, automotive, and imaging products with above-average gross margins (e.g., 14 ADC/DAC variants in pipeline).

**【CFO Financial Commentary】**
- **Gross Margin Expansion**: 52.5% in Q2, up from prior year due to favorable product mix, despite higher inventory reserves.
- **Cost Efficiency**: Non-GAAP OpEx of $127.7 million below guidance, driven by delayed product development costs and lower employee expenses.
- **Cash Flow Strength**: $92.2 million in cash flow from operations, $40 million in share buybacks, and $896 million in cash reserves.
- **Q3 Guidance**: Revenue $500-560 million, gross margin 51-53%, and tax rate 16-18%.
- **Tax Benefits**: One Big Beautiful Bill Act reduced Q2 tax rate to 14.6%, with retroactive R&D expensing benefits.

**【Q&A Highlights】**
- **Seasonality Shifts**: Camera content growth and smartphone unit timing changes Q2/Q3 shape, but long-term smartphone unit outlook remains stable.
- **Battery Management Progress**: Advanced IP in power efficiency and battery health gaining customer validation, with designs in development.
- **OpEx Timing**: Q2 OpEx underperformance due to delayed expenses; expect normalization in Q3 without strategic execution impact.
- **Non-Flagship Growth**: PC and general market revenue accelerating, with mainstream laptop wins offsetting Android ecosystem softness.
- **AI-Driven Innovation**: Voice-enabled AI features in PCs (e.g., low-power wake) expected to drive SAM expansion, with samples shipping in Q3.


Cirrus Logic, Inc. (CRUS) Q2 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CRUS

CRUS fundamentals

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