Cirrus Logic Inc SEC Filings

Cirrus Logic, Inc. filed a current report to share its latest quarterly performance. The company issued a press release and a shareholder letter on February 3, 2026, outlining financial results for its third quarter of fiscal year 2026, furnished as Exhibits 99.1 and 99.2. The materials present both GAAP results and a wide range of non-GAAP measures, including non-GAAP net income, earnings per share, operating income, gross margin, operating expenses, tax metrics, free cash flow, and free cash flow margin, with reconciliations back to GAAP. These materials include forward-looking statements and are furnished, not filed, which limits their exposure to certain Exchange Act liabilities and incorporation by reference.

Cirrus Logic, Inc. executive reports option exercises and share sales. On 11/14/2025, EVP, Worldwide Sales Andrew Brannan exercised non-qualified stock options for 595 shares at $68.56 and 7,406 shares at $78. He then reported sales of 595 shares at $117.44, 7,406 shares at a weighted average price of $119.39, and 912 shares at $117.44 under a Rule 10b5-1 trading plan adopted on August 15, 2025. Following these transactions, he reported owning 5,950 shares of Cirrus Logic common stock directly.

Cirrus Logic (CRUS) executive Carl Jackson Alberty, EVP, MSP, reported two transactions. On 11/07/2025, he sold 1,000 shares of common stock at a price of $116.65 per share under a Rule 10b5-1 plan adopted on February 28, 2025. Following this sale, he reported 38,645 shares beneficially owned directly.

On 11/10/2025, he reported a G code transaction involving a charitable donation of 500 shares at $0, which the filer notes is being voluntarily reported. After the donation, his direct beneficial ownership stood at 38,145 shares.

Cirrus Logic (CRUS) reported an insider equity event. Principal Accounting Officer Ulf Habermann had 5,601 restricted stock units convert into common stock at $0 on November 2, 2025. To cover taxes, the company withheld 1,364 shares at $132.65. Following these transactions, Habermann beneficially owns 32,343 shares directly.

The filing notes no open‑market sale occurred; the reduction reflects shares withheld to satisfy tax obligations upon vesting.

Cirrus Logic (CRUS) reported stronger Q2 FY26 results. Net sales were $560.9 million, up from $541.9 million a year ago, as both Audio and High‑Performance Mixed‑Signal products grew. Gross margin reached 53% and operating income rose to $144.8 million.

Net income was $131.6 million versus $102.1 million, with diluted EPS of $2.48 compared to $1.83. The effective tax rate declined to 14.2% from 27.0%, reflecting enactment of the One Big Beautiful Bill Act, which eliminates capitalization of U.S. R&D expenditures beginning in fiscal 2026.

Cash and cash equivalents increased to $593.5 million. Operating cash flow for the first six months was $208.3 million. The company repurchased 0.4 million shares for $40.0 million in the quarter and 1.4 million shares for $140.0 million year‑to‑date under its $500 million 2025 authorization. International sales comprised approximately 99% of revenue, with China the largest ship-to region. One end customer accounted for about 90% of quarterly net sales.

Cirrus Logic (CRUS) furnished an 8‑K announcing its second quarter fiscal 2026 results. On November 4, 2025, the company issued a press release and posted a shareholder letter summarizing performance; both materials are attached as exhibits and the letter is also available on the company’s website.

The company highlights use of non‑GAAP metrics, including non‑GAAP net income, diluted EPS, operating income and profit, operating expenses, gross margin and profit, tax expense and effective tax rate, free cash flow, and free cash flow margin, with reconciliations provided in the press release. The materials contain forward‑looking statements and the information in Items 2.02, 7.01, and 9.01 is furnished, not filed.

Cirrus Logic (CRUS) insider transaction: EVP and General Counsel Gregory Scott Thomas exercised incentive stock options for 734 shares at $31.25 and sold 734 shares at $131.25 on 10/20/2025. The trades were made under a Rule 10b5-1 plan adopted on August 9, 2024. Following these transactions, he directly owned 26,307 shares. The option reported was fully vested by 11/04/2019 and shows 0 derivative securities remaining after the exercise.

Thomas Scott, reported changes in his beneficial ownership of Cirrus Logic, Inc. (CRUS) on 09/18/2025. Under a Rule 10b5-1 plan adopted August 9, 2024, he exercised a non-qualified stock option11,089 shares at an exercise price of $41.49. On the same date he sold 11,089 shares at $121.49. After these transactions the filing reports 37,396 shares beneficially owned by the reporting person. The option referenced was fully vested per the filing (vesting completed 11/7/2022) and only vested shares could be exercised.

Jeffrey W. Baumgartner, EVP R&D of Cirrus Logic (CRUS), reported option exercises and matching sales executed under a Rule 10b5-1 plan on 09/17/2025. He exercised 7,308 non-qualified options at $78, 1,000 non-qualified options at $88, and 854 incentive stock options at $78, which resulted in acquisition of those shares. On the same date he sold the matching amounts at $120 per share. Following these transactions his reported beneficial ownership in Cirrus Logic is 14,001 shares. The Form 4 was signed by an attorney-in-fact on 09/18/2025. The filing notes the transactions were made pursuant to a 10b5-1 plan adopted on August 20, 2024, and explains vesting schedules for the exercised options.