Cirrus Logic (NASDAQ:CRUS) Releases Quarterly Earnings Results

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

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 Price Performance

CRUS traded down $3.52 during trading on Wednesday, reaching $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 1 year low of $91.32 and a 1 year high of $175.77. The stock has a market capitalization of $8.55 billion, a P/E ratio of 22.09 and a beta of 1.16. The company’s fifty day simple moving average is $149.53 and its 200-day simple moving average is $134.50.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRUS. Barclays increased their price objective on shares of Cirrus Logic from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a research report on Friday, March 27th. Benchmark increased their price objective on shares of Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Zacks Research lowered shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.14.

Insider Buying and Selling

In other news, EVP Justin E. Dougherty sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $143.16, for a total transaction of $429,480.00. Following the sale, the executive vice president owned 5,876 shares of the company’s stock, valued at $841,208.16. This trade represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Thomas sold 9,942 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was 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 in the company, valued at $4,866,223.23. The trade was a 24.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,181 shares of company stock valued at $2,480,033 over the last three months. 1.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cirrus Logic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shelton Capital Management acquired a new stake in shares of Cirrus Logic during the 3rd quarter worth approximately $239,000. Graham Capital Management L.P. grew its stake in Cirrus Logic by 14.3% in the 4th quarter. Graham Capital Management L.P. now owns 1,892 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 236 shares during the period. Evergreen Capital Management LLC acquired a new stake in Cirrus Logic in the 2nd quarter valued at $203,000. HUB Investment Partners LLC acquired a new stake in Cirrus Logic in the 2nd quarter valued at $202,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cirrus Logic by 29.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,571 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 357 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

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.