$CRUS · CIRRUS LOGIC, INC.
Cirrus Logic filed its 10-Q for the quarter ended September 26, 2026. Net sales were $559.5M, down 0.3% YoY from $561.0M, while net income fell to $114.7M from $131.6M. Diluted EPS declined to $2.23 from $2.48. Gross margin was 53.7% and operating margin 23.7%. The company repurchased 1.2M shares for $160.0M in the first half of FY2027.
- Revenue of $559.5M was essentially flat YoY, down 0.3% from $561.0M.
- Net income fell to $114.7M from $131.6M, a 12.8% decline.
- Diluted EPS dropped to $2.23 from $2.48.
- Gross margin was 53.7% and operating margin 23.7%.
- Repurchased 1.2M shares for $160.0M in H1 FY2027 at $132.99 average.
Extended-hours last trade $112.28, down 3.20% vs the $115.99 regular close, suggesting a mildly negative after-hours reaction to the EPS decline.
A rare YoY EPS decline for Cirrus Logic signals margin and demand pressure despite aggressive buybacks.
Cirrus Logic's flat revenue and lower EPS reflect continued softness in its Apple-heavy audio and HPMS product lines amid a mixed analog/mixed-signal cycle.
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