Cirrus Logic Posts Record Q1 Revenue of $460M, Guides Q2 Above Estimates
CRUS sits 41% above its 52-week low of $92.02.
Summary
Cirrus Logic reported record fiscal Q1 revenue of $459.7 million, up from the prior year's $2 billion annual run rate, with GAAP EPS of $1.47 and non-GAAP EPS of $1.84. Strong demand for custom smartphone components drove the beat. The company guided Q2 revenue to $510-$570 million, well above consensus, signaling continued momentum. Gross margins held at 52.6% GAAP, and the PC business is gaining traction with a new smart codec for AI-enabled PCs, with multiple customer engagements for next calendar year. This follows the record FY26 results reported in May and adds concrete evidence of sustained growth beyond the smartphone cycle. The Q&A call at 5 p.m. ET may provide further color on the PC and metrology opportunities.
At the time of this announcement, CRUS was trading at $129.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $92.02 to $180.42. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.