Cirrus Logic posts record Q2 revenue of $561.0 million; Q3 revenue outlook midpoint is lower
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
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.