Overview

* Cirrus Logic ( CRUS ) fiscal Q1 revenue of $407.3 mln beats analyst expectations

* Adjusted EPS for fiscal Q1 exceeds analyst estimates, driven by strong product demand

Outlook

* Cirrus Logic ( CRUS ) expects Q2 FY26 revenue between $510 mln and $570 mln

* Company forecasts Q2 FY26 GAAP gross margin of 51% to 53%

* Cirrus Logic ( CRUS ) anticipates Q2 FY26 GAAP R&D and SG&A expenses $153 mln to $159 mln

* Company sees Q2 FY26 non-GAAP operating expenses between $131 mln and $137 mln

Result Drivers

* AMPLIFIER DEMAND - Strong demand for custom boosted amplifier contributed to revenue growth, per CEO John Forsyth

* SMART CODEC - Introduction of 22-nanometer smart codec in smartphones drove sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $407.30 $364.30

Revenue mln mln (7

Analysts

)

Q1 Beat $1.51 $1.1 (7

Adjusted Analysts

EPS )

Q1 EPS $1.14

Q1 $119.50

Adjusted mln

Operatin

g

Expenses

Q1 $141.60

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Cirrus Logic Inc ( CRUS ) is $125.00, about 15.5% above its August 4 closing price of $105.58

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)