CIRRUS LOGIC, INC. (CRUS) Form 8-K — Aug 5, 2026

$CRUSForm 8-KItems 2.02, 7.01, 9.01Filed Aug 5, 2026, 4:01 PM ET0000772406-26-000036Original filing

Cirrus Logic posted record fiscal first-quarter revenue of $459.7 million for Q1 FY27 (ended June 27, 2026), up 13% year over year, with GAAP diluted EPS of $1.47 and non-GAAP EPS of $1.84 — both first-quarter records driven by strong demand for custom components shipping into smartphones. The company guided September-quarter revenue to $510-$570 million, up roughly 17% sequentially at the midpoint, with GAAP gross margin of 52%-54%. Management highlighted design momentum in AI-enabled PC audio, a new smart-metering analog front-end entering sampling, and a new GlobalFoundries wafer supply agreement securing capacity and pricing for calendar 2027-2028.

Key figures

Eps: $1.47 GAAP diluted (non-GAAP $1.84)
Revenue: $459.7 million (Q1 FY27, record first quarter)
Guidance: Q2 FY27 revenue $510M-$570M; GAAP gross margin 52%-54%; combined GAAP R&D+SG&A $163M-$169M (non-GAAP $140M-$146M); FY27 non-GAAP effective tax rate ~16%-18%
Net Income: $76.9 million GAAP ($96.1 million non-GAAP)
Revenue Yoy: +13% year over year
Total Assets: $2.56 billion
Cash Position: $810.7 million cash and equivalents; ~$1.2 billion cash and investments
Headcount: 1717
Inventory: $262.7M, up from $240.9M in Q4 FY26
Q1 buyback: $34.5M — 211,099 shares at average $163.43
Revenue qoq: +2% sequential
Segment mix: Audio $249.0M (54%), High-Performance Mixed-Signal $210.7M (46%)
Gross margin: 52.6% GAAP / 52.7% non-GAAP
Free cash flow: $48.6M Q1; $571.0M trailing twelve months (28% TTM margin)
Operating profit: 18.4% GAAP / 23.2% non-GAAP
Operating expense: $157.4M GAAP / $135.4M non-GAAP
Effective tax rate: 18.4% GAAP / 17.4% non-GAAP
Operating cash flow: $64.1M (vs $116.1M in Q1 FY26)
Post quarter buyback: $50.5M — 359,350 shares at average $140.53 under Rule 10b5-1 plan
Customer concentration: One customer contributed approximately 90% of total revenue
Buyback authorization remaining: $239.6 million

Price after filing

1 day: +4.9%7 days: -4.3%30 days: -11.2%

Close on the filing date to close N calendar days later (from $127.33). Historical, not a forecast.

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