Every material Form 8-K Cirrus Logic has filed with the SEC since February 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cirrus Logic reported fiscal second-quarter 2027 revenue of $559.5 million, up 22 percent sequentially but flat year over year, with GAAP earnings per share of $2.23 versus $2.48 a year earlier. The company guided third-quarter revenue to $510 million to $570 million, which its shareholder letter says is down 3 percent sequentially and down 7 percent year over year at the midpoint, and its board authorized an additional $500 million in share repurchases.
Q2 FY27 revenue $559.5 million, up 22 percent from Q1 FY27 and flat versus Q2 FY26
GAAP diluted EPS $2.23 and non-GAAP diluted EPS $2.70, compared with $2.48 and $2.83 in Q2 FY26
Q3 FY27 revenue outlook of $510 million to $570 million; GAAP gross margin forecast 51 to 53 percent
Board authorized up to an additional $500 million in buybacks in October 2026; $114.1 million remained under the March 2025 authorization at quarter end
Cirrus Logic reported record first-quarter fiscal 2027 revenue of $459.7 million, up 13% from a year earlier, and GAAP diluted earnings per share of $1.47, up from $1.14. It guided second-quarter revenue to $510 million to $570 million, but said it has lowered its fiscal 2027 PC revenue expectations due to supply constraints, memory and component shortages, and delayed OEM model launches.
Q1 revenue $459.7 million, up 2% sequentially and 13% year over year; GAAP diluted EPS $1.47 vs. $1.14 a year earlier, non-GAAP diluted EPS $1.84 vs. $1.51
Q2 fiscal 2027 revenue guided to $510 million to $570 million; GAAP gross margin guided to 52% to 54%
Company lowered fiscal 2027 PC revenue expectations, which it said reflects a shift in timing rather than a change to the underlying opportunity
Repurchased 211,099 shares for $34.5 million in Q1; $239.6 million remained on the buyback authorization at quarter end
Cirrus Logic reported fourth-quarter and full fiscal 2026 results on May 6, 2026, with full-year revenue of $2.0 billion, up 5 percent from the prior year, and GAAP diluted earnings per share of $7.85, up from $6.00. Fourth-quarter revenue was $448.5 million, down from $580.6 million in the prior quarter but up 6 percent year over year, and the company guided first-quarter fiscal 2027 revenue to $430 million to $490 million. On May 4, 2026, the company also entered a $350 million senior secured revolving credit facility with Wells Fargo that matures May 4, 2031.
Q4 FY26 revenue was $448.5 million, down from $580.6 million in Q3 FY26 and up 6 percent from $424.5 million a year earlier; GAAP diluted EPS was $1.56 versus $1.31 in Q4 FY25
FY26 revenue was $2.0 billion, up 5 percent; GAAP diluted EPS was $7.85 versus $6.00 in FY25, and non-GAAP diluted EPS was $9.26 versus $7.54
Q1 FY27 guidance: revenue of $430 million to $490 million and GAAP gross margin of 51 percent to 53 percent
May 4, 2026 credit agreement with Wells Fargo provides a $350 million senior secured revolving facility maturing May 4, 2031
Effective March 25, 2026, Chief Financial Officer Jeff Woolard also became Cirrus Logic's Principal Accounting Officer, replacing Ulf Habermann in that role. Habermann will stay in a senior role in the finance organization, and the filing says his change was not due to any disagreement with the company. Woolard's compensation will not change.
Effective date of the change: March 25, 2026
Jeff Woolard, CFO, assumed the additional role of Principal Accounting Officer
Ulf Habermann ceased being Principal Accounting Officer and continues in a senior finance role
Filing states no disagreement with the company led to the change; Woolard's compensation is unchanged
Cirrus Logic reported fiscal third-quarter 2026 revenue of $580.6 million and GAAP diluted earnings per share of $2.66, up from $2.11 a year earlier. Its fourth-quarter revenue outlook of $410 million to $470 million is down 24% sequentially at the midpoint, which points to a sharp slowdown in the current quarter.
Q3 FY26 revenue was $580.6 million, up from $555.7 million in Q3 FY25 and $561.0 million in Q2 FY26.
GAAP diluted EPS was $2.66 versus $2.11 in Q3 FY25; non-GAAP diluted EPS was $2.97.
Q4 FY26 revenue is expected between $410 million and $470 million, down 24% sequentially at the midpoint.
One customer contributed approximately 94% of total revenue in Q3 FY26.
Cirrus Logic reported record fiscal second-quarter 2026 revenue of $561.0 million for the quarter ended September 27, 2025, and GAAP diluted earnings per share of $2.48, up from $1.83 a year earlier. The company guided third-quarter revenue to $500 million to $560 million, which is about 5 percent below the prior year at the midpoint, so shareholders face higher profit and sales this quarter but a lower revenue outlook for the next.
Q2 FY26 revenue was $561.0 million, up 4 percent year over year and up 38 percent from the prior quarter; GAAP gross margin was 52.5 percent.
GAAP diluted EPS was $2.48 and non-GAAP diluted EPS was $2.83, compared with $1.83 and $2.25 in Q2 FY25.
Q3 FY26 revenue guidance is $500 million to $560 million, down about 5 percent year over year at the midpoint; one customer contributed approximately 90 percent of Q2 revenue.
The company repurchased $40.0 million of stock and had $414.1 million remaining under its buyback authorization at quarter end.
Cirrus Logic reported fiscal first-quarter 2026 results for the quarter ended June 28, 2025, with revenue of $407.3 million, up 9% from a year earlier but down 4% from the prior quarter. GAAP diluted earnings per share were $1.14, compared with $0.76 a year earlier, and the company guided September-quarter revenue to $510 million to $570 million. One customer accounted for approximately 86% of first-quarter revenue, a concentration shareholders may weigh against the outlook.
Revenue of $407.3 million, up 9% year over year and down 4% quarter over quarter.
GAAP diluted EPS of $1.14 versus $0.76 a year earlier; non-GAAP diluted EPS of $1.51 versus $1.12.
Q2 FY26 revenue guidance of $510 million to $570 million; GAAP gross margin guided to 51% to 53%.
One customer contributed approximately 86% of total revenue in Q1 FY26.
Cirrus Logic reported fourth-quarter fiscal 2025 revenue of $424.5 million and full-year revenue of $1.90 billion, up six percent, with full-year GAAP diluted EPS of $6.00, a record. The company guided first-quarter fiscal 2026 revenue to $330 million to $390 million, down 15 percent sequentially at the midpoint, and disclosed a $500 million buyback authorization approved in March 2025.
Q4 FY25 revenue was $424.5 million, down 24 percent from Q3 FY25 and up 14 percent from Q4 FY24; GAAP diluted EPS was $1.31.
FY25 GAAP diluted EPS was $6.00 versus $4.90 in FY24; non-GAAP diluted EPS was $7.54 versus $6.59.
Q1 FY26 revenue is expected between $330 million and $390 million, with GAAP gross margin of 51 percent to 53 percent.
The Board authorized up to $500 million in share repurchases in March 2025; $54 million remained under the July 2022 authorization at fiscal year-end, and $25 million was used after quarter-end under a 10b5-1 plan.
Cirrus Logic reported fiscal third-quarter revenue of $555.7 million, up 3% from the prior quarter but down 10% from a year earlier, and above the top of its guidance range. GAAP diluted EPS was $2.11, up from $1.83 in the prior quarter but down from $2.50 a year earlier, and the company guided March-quarter revenue to $350 million to $410 million, down 32% sequentially at the midpoint. The filing also names Jeff Woolard as chief financial officer effective February 24, 2025, replacing interim CFO Ulf Habermann, who remains principal accounting officer.
Q3 FY25 revenue $555.7 million: up 3% sequentially, down 10% year over year; GAAP diluted EPS $2.11, non-GAAP $2.51
Q4 FY25 revenue guided to $350 million to $410 million; GAAP gross margin guided to 51% to 53%
Jeff Woolard named CFO effective February 24, 2025, with $475,000 base salary and $200,000 cash hiring bonus
Ulf Habermann steps down as interim CFO and remains principal accounting officer and treasurer
Cirrus Logic reported fiscal second-quarter 2025 revenue of $541.9 million, up 13% from a year earlier, with GAAP diluted earnings per share of $1.83 versus $1.34 a year earlier. The company guided third-quarter revenue to $480 million to $540 million, which is down six percent sequentially and down 18 percent year over year at the midpoint, so shareholders face a weaker near-term sales outlook after a strong quarter.
Q2 FY25 revenue was $541.9 million, up 45% from Q1 FY25 and up 13% from Q2 FY24
GAAP diluted EPS was $1.83 and non-GAAP diluted EPS was $2.25, compared with $1.34 and $1.80 in Q2 FY24
Q3 FY25 revenue guidance is $480 million to $540 million, and GAAP gross margin is forecast at 51% to 53%
One customer contributed approximately 90% of total revenue in Q2 FY25
Cirrus Logic reported fiscal first-quarter 2025 revenue of $374.0 million, up 18% from a year earlier, above the top of its guidance range, driven by stronger-than-expected smartphone shipments. GAAP earnings per share fell to $0.76 from $0.81 in the prior quarter but rose from $0.28 a year earlier. The company guided September-quarter revenue to $490 million to $550 million, which it said is up 39% sequentially at the midpoint.
Q1 FY25 revenue was $374.0 million, up 18% year over year and up 1% from the prior quarter, as reported.
GAAP diluted EPS was $0.76 versus $0.81 in Q4 FY24 and $0.28 in Q1 FY24; non-GAAP diluted EPS was $1.12 versus $1.24 in Q4 FY24.
Q2 FY25 revenue is expected to range from $490 million to $550 million, with GAAP gross margin of 50% to 52%.
Cash and investments ended the quarter at $744.6 million, and the company repurchased $41.0 million of stock, leaving $274.1 million in its authorization.
At its July 26, 2024 annual meeting, Cirrus Logic stockholders approved an amended and restatement of the 2018 Long Term Incentive Plan, adding 2,670,000 shares and extending the plan to July 26, 2034. Stockholders also re-elected all seven directors, ratified Ernst & Young LLP as auditor, and approved an officer exculpation charter amendment.
Amended LTIP adds 2,670,000 shares and extends the plan's expiration to July 26, 2034.
Plan amendment passed with 38,086,580 votes for and 6,375,658 against.
Officer exculpation amendment to the certificate of incorporation passed with 37,017,286 votes for and 7,443,734 against.
Cirrus Logic said director Timothy R. Dehne will not stand for reelection at the 2024 Annual Meeting on July 26, 2024, and that the board nominated William D. Mosley, CEO of Seagate Technology, to fill the seat. The company will reduce the board to seven directors effective at the annual meeting, and Dehne's decision was not tied to any disagreement with management or the board.
Timothy R. Dehne informed the company on May 17, 2024 that he will retire from the board and remain a director until the 2024 Annual Meeting on July 26, 2024
William D. Mosley, CEO of Seagate Technology since October 2017, nominated for election at the 2024 Annual Meeting
Board size will be reduced from eight to seven directors effective at the 2024 Annual Meeting
Cirrus Logic said Chief Financial Officer Venk Nathamuni will resign effective May 24, 2024, to pursue other professional opportunities outside the semiconductor industry. The Board appointed Ulf Habermann, the company's Principal Accounting Officer, as interim CFO while the company searches for a permanent successor, which matters to shareholders because it changes the company's finance leadership during the search.
Nathamuni gave notice on May 11, 2024; his resignation takes effect May 24, 2024.
The company states the departure is not the result of any disagreement with the company or its Board on operations, financial reporting, policies, or practices.
On May 14, 2024, the Board appointed Habermann as interim CFO, and he will also continue as Principal Accounting Officer.
Habermann has been with the company since February 2002; no new compensatory arrangements were entered into for his interim role.
Cirrus Logic reported fiscal fourth-quarter 2024 revenue of $371.8 million, above the top end of its guidance range, and GAAP earnings per share of $0.81 compared with a loss of $0.97 a year earlier. Revenue fell 40 percent from the prior quarter, and the company guided June quarter revenue to $290 million to $350 million, which is down 14 percent sequentially at the midpoint.
Q4 FY24 revenue of $371.8 million, down 40 percent quarter over quarter and approximately flat year over year
Q4 GAAP diluted EPS of $0.81 versus a loss of $0.97 a year earlier; non-GAAP EPS of $1.24 versus $0.92
FY24 revenue of $1.79 billion, down six percent; GAAP EPS of $4.90 versus $3.09
Q1 FY25 guidance: revenue of $290 million to $350 million and GAAP gross margin of 49 to 51 percent
Cirrus Logic reported fiscal third-quarter 2024 revenue of $619.0 million, up 5% from a year earlier, with GAAP diluted earnings per share of $2.50 versus $1.83 a year earlier. The company guided fourth-quarter revenue to $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint, which is a sharp decline for shareholders to weigh against the quarter's results.
Q3 FY24 revenue was $619.0 million; GAAP diluted EPS was $2.50 and non-GAAP diluted EPS was $2.89, compared with $1.83 and $2.40 in Q3 FY23.
Q4 FY24 revenue guidance is $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint.
One customer accounted for approximately 89 percent of total Q3 FY24 revenue.
The company repurchased 780,517 shares for $56.9 million in the quarter and had $365.1 million left in its repurchase authorization.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cirrus Logic filing is on SEC EDGAR ↗. 8-K briefs of other companies →