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

Cirrus Logic Q2 revenue $559.5 million, flat year over year; Q3 outlook midpoint lower

Mixed Impact 4 of 5 earnings

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.

Key points

  • 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

The filing

CompanyCirrus Logic (CRUS)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:01 PM ET
Accession number0000772406-26-000053

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

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.