Cirrus Logic Reports Record FY26 Results, Strong Q1 FY27 Outlook, and Amends $350M Credit Facility

summarizeSummary

Cirrus Logic announced record full fiscal year 2026 revenue and EPS, provided a positive Q1 FY27 outlook, and amended its $350 million revolving credit facility, highlighting strong financial health and strategic growth.

check_boxKey Events

• Record Full Fiscal Year 2026 Financial Results

  Cirrus Logic reported record full fiscal year 2026 revenue of $2.0 billion, up 5% year-over-year, and record GAAP diluted earnings per share of $7.85, up from $6.00 in FY25.

• Strong Balance Sheet and Shareholder Returns

  The company ended FY26 with approximately $1.2 billion in cash and investments and no debt. It returned $280.0 million to shareholders through repurchases of 2.5 million shares at an average price of $113.91, with $274.1 million remaining in authorization.

• Positive Q1 FY27 Revenue Guidance

  For the first quarter of fiscal year 2027, Cirrus Logic expects revenue to range between $430 million and $490 million, representing a 13% year-over-year increase at the midpoint.

• Strategic Product and Market Diversification

  The company is developing next-generation camera controllers and a smart power IC for 3D sensing, expanding its PC business with new amplifiers and codecs, and broadening its general market product portfolio into professional audio, automotive, industrial, and imaging.

auto_awesomeAnalysis

Cirrus Logic delivered a robust financial performance for fiscal year 2026, achieving record revenue and earnings per share, which is a significant positive signal for investors. The company's strong balance sheet, characterized by substantial cash and investments and no debt, provides considerable financial flexibility. The positive revenue guidance for Q1 FY27, coupled with strategic advancements in new product development and market diversification, indicates continued growth momentum. The amendment of the revolving credit facility further solidifies the company's liquidity position, supporting ongoing operations and strategic initiatives. This filing reinforces a positive investment thesis, especially as the stock is trading near its 52-week high.