Every 10-Q that Cirrus Logic Inc (CRUS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CRUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRUS filings page.
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’s latest quarter showed solid growth and strong cash generation. Net sales for the third quarter of fiscal 2026 rose 4% to $580.6 million, while net income increased to $140.3 million from $116.0 million a year earlier. Diluted earnings per share grew to $2.66 from $2.11.
Gross margin was about 53%, with lower selling prices largely offset by cost reductions and product mix. Audio product sales were roughly flat, while high‑performance mixed‑signal products grew, led by higher smartphone unit volumes.
The company ended the quarter with $778.1 million in cash and cash equivalents and generated $499.2 million of operating cash flow in the first nine months of fiscal 2026. It repurchased $210.0 million of stock year‑to‑date under its authorizations, and Apple accounted for 94% of quarterly net sales, underscoring significant customer concentration. Cirrus Logic also highlighted progress in PC audio, AI‑enabled voice interfaces, general market components, and new automotive haptic products.
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.