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AI brief of an SEC Form 8-K · Cirrus Logic (CRUS)

Cirrus Logic Q1 revenue hits record $460 million; Q2 outlook $510 million to $570 million

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyCirrus Logic (CRUS)
Form8-K, current report
Filed with the SECAug 5, 2026, 4:01 PM ET
Accession number0000772406-26-000036

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.