Cirrus Logic Inc. filings document regulatory disclosures for a Nasdaq-listed semiconductor company with common stock trading under CRUS. Recent 8-K reports furnish quarterly operating results, shareholder letters, Regulation FD materials, and reconciliations for non-GAAP measures used alongside GAAP results.
The company’s filings also disclose capital and governance matters, including a senior secured revolving credit facility, principal accounting officer responsibilities, annual meeting voting results, director elections, auditor ratification, executive compensation votes, and registered security information.
Cirrus Logic, Inc. (CRUS) reported second-quarter fiscal 2027 net sales of $559.5 million, compared with $561.0 million a year earlier, and net income of $114.7 million versus $131.6 million. For the first six months, net sales were $1,019.2 million, up 5% from $968.2 million, while net income was $191.6 million versus $192.3 million. Gross margin was 53.7%, compared with 52.5% in the prior-year quarter.
Operating cash flow for the first six months was $115.0 million versus $208.3 million; Cirrus Logic cited a $148.3 million unfavorable working-capital change, mainly from higher receivables, inventories and other assets. It repurchased $160.0 million of stock in the period and, on October 26, 2026, authorized up to an additional $500 million in repurchases, funded from existing cash.
Under a GlobalFoundries agreement, Cirrus Logic estimates it will purchase at least approximately $600 million of wafers during calendar years 2027 and 2028. On October 6, 2026, it acquired Inventvm Semiconductor S., a privately held Italian fabless semiconductor company; the acquisition is not material to consolidated financial statements and will be accounted for as a business combination beginning in the third quarter of fiscal 2027.
Cirrus Logic (CRUS) reported Q2 FY27 revenue of $559.5 million for the quarter ended September 26, 2026, up 22% sequentially and flat year over year. GAAP net income was $114.7 million versus $131.6 million a year earlier, and diluted EPS was $2.23 versus $2.48; non-GAAP diluted EPS was $2.70. GAAP gross margin was 53.7%, compared with 52.5%. One customer contributed approximately 93% of quarterly revenue.
For Q3 FY27, revenue is expected at $510 million to $570 million, down 7% year over year at the midpoint, and GAAP gross margin at 51% to 53%. Combined GAAP R&D and SG&A expenses are expected at $184 million to $190 million, resulting in non-GAAP operating expenses of $152 million to $158 million. The board authorized up to an additional $500 million in common-stock repurchases on October 26, 2026; $114.1 million remained under the March 2025 authorization at quarter-end. After quarter-end, Cirrus Logic repurchased 170,757 shares for $18.6 million at an average price of $108.67 under a Rule 10b5-1 trading plan. It also completed an acquisition of a fabless semiconductor company specializing in mixed-signal power management and audio integrated circuits.
Cirrus Logic, Inc. EVP, R&D Jeffrey W. Baumgartner sold 1,166 shares of common stock on October 20, 2026, at $107.75 per share. Following the sale, he directly held 11,741 shares. The transaction was made pursuant to a Rule 10b5-1 plan he adopted on February 27, 2026.
Cirrus Logic, Inc. (CRUS) confirmed that it made acquisition proposals and is the “Party A” referenced in filings by Synaptics Incorporated and ON Semiconductor Corporation concerning their pending merger. Cirrus Logic said it does not otherwise adopt or confirm the descriptions of the company or its proposals in those filings. It is not currently pursuing a transaction with Synaptics.
Cirrus Logic (CRUS) acquired Inventvm Semiconductor, a fabless semiconductor company based in Pavia, Italy, specializing in mixed-signal power management and audio integrated circuits. Cirrus Logic said the acquired business brings engineering expertise, intellectual property and an established presence in a region where it intends to expand. The company stated that the transaction will not have a material impact on revenue.
Cirrus Logic president and chief executive officer John Forsyth said the acquisition adds engineering capacity, talent and intellectual property, and supports the company’s efforts to expand into additional applications and markets. Cirrus Logic’s statements about expected benefits are forward-looking; the company identifies business integration, government trade-policy changes including tariffs or export restrictions, and global economic conditions as risks that could cause actual results to differ materially.
Cirrus Logic, Inc. EVP, R&D Jeffrey W. Baumgartner sold 1,166 shares of common stock on September 21, 2026, at $119 per share. He directly held 12,907 shares after the sale. The transaction was made pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.
CIRRUS LOGIC, INC. (CRUS) officer Jeffrey Baumgartner filed a notice to sell 3,498 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of about $415,632.36 for these shares and notes that 50,117,561 shares of common stock are outstanding.
The planned sales relate to 2,622 Performance Stock Units and 876 Restricted Stock Units granted on March 2, 2025. The notice also reports prior 10b5‑1 plan sales over the past three months totaling several thousand shares of CRUS common stock.
CIRRUS LOGIC, INC. (CRUS) reported that Jeffrey W. Baumgartner, EVP, R&D, sold 1,166 shares of common stock on August 20, 2026 at an average price of $117.89 per share in an open-market transaction. Following this sale, he directly holds 14,073 shares of Cirrus Logic common stock. The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
Cirrus Logic, Inc. reported solid first-quarter fiscal 2027 results. Net sales were $459.7 million, up from $407.3 million a year earlier, driven by higher shipments of audio and high-performance mixed-signal products into smartphones. Net income was $76.9 million versus $60.7 million, and diluted EPS was $1.47 compared with $1.14. Gross margin remained steady at about 53%.
The balance sheet is strong, with cash and cash equivalents of $810.7 million, total marketable securities of $356.7 million, and no borrowings under a $350 million revolving credit facility as of June 27, 2026. Operating cash flow was $64.1 million, down from $116.1 million, reflecting working-capital investments. The company repurchased 0.2 million shares for $34.5 million in the quarter and has $239.6 million remaining under its 2025 authorization, plus additional buybacks after quarter-end.
Customer concentration remains high: Apple accounted for about 90% of net sales. Cirrus Logic entered a new capacity reservation and wafer supply agreement with GlobalFoundries, estimating wafer purchases of approximately $600 million over 2027–2028. An IRS examination of 2017–2019 returns has proposed $168.3 million of additional tax and $63.7 million of penalties related to transfer pricing; the company is contesting these amounts but notes that an adverse outcome could be material. The effective tax rate fell to 18.4% from 24.7%, mainly due to legislation reinstating immediate expensing of U.S. R&D expenditures.
Cirrus Logic reported record first quarter fiscal 2027 results, with revenue of $459.7 million, up two percent sequentially and thirteen percent year over year, driven by strong demand for custom components in smartphones. GAAP gross margin was 52.6%; non-GAAP gross margin was 52.7%.
GAAP net income was $76.9 million, or $1.47 diluted EPS, while non-GAAP net income was $96.1 million, or $1.84 diluted EPS. Audio products represented 54% of revenue and High-Performance Mixed-Signal 46%, with one customer contributing about 90% of total revenue.
Cash and investments totaled $1.2 billion, and free cash flow was $48.6 million. The company repurchased 211,099 shares for $34.5 million in Q1 and a further $50.5 million of shares after quarter end. For Q2 FY27, revenue is expected between $510–$570 million, GAAP gross margin 52–54%, and non-GAAP operating expenses $140–$146 million.