Cirrus Logic, Inc. (CRUS) SEC Filings & Earnings Calls
EquiReason read 12 Cirrus Logic, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-13 — Cirrus Logic confirms it was Party A in Synaptics/onsemi merger filings, made acquisition proposals, but is not currently pursuing a transaction. No financial details or guidance p.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 5.6B
- P/E TTM
- 13.7
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
13 Oct 20268-K · 7.01Cirrus Logic confirms it was Party A in Synaptics/onsemi merger filings, made acquisition proposals, but is not currently pursuing a transaction. No financial details or guidance provided.open
Risks flagged
Failed acquisition attempt may signal strategic uncertainty or management distraction.
“Company confirms it made proposals but is not currently pursuing transaction.”
6 Oct 20268-K · 7.01Cirrus Logic acquires INVENTVM Semiconductor, a fabless mixed-signal power management and audio IC company based in Italy. Financial terms not disclosed; no material revenue impact expected. Adds IP and engineering talent.acquisitionopen
Risks flagged
Integration risk; financial terms not disclosed; no material revenue impact expected.
“Financial terms not disclosed; transaction will not have a material impact on revenue.”
5 Aug 202610-QQuarterly filing with no material event; discloses increased customer concentration and new wafer supply agreement.open
Figures in the filing · each found in the filing text
| Net sales from top 10 end customers · Q1-2027 | 96.0% | |
| Net sales from Apple · Q1-2027 | 90.0% |
Risks flagged
Extreme Customer Concentration
“We had one end customer, Apple Inc., that purchased through multiple contract manufacturers and represented approximately 90 percent and 86 percent of the Company’s total net sales for the first quarter of fiscal years 2027 and 2026, respectively.” · word for word
Fixed Wafer Purchase Obligations
“On June 30, 2026, the Company entered into a new Capacity Reservation and Wafer Supply Commitment Agreement with GlobalFoundries to reserve capacity and set wafer pricing for products pursuant to the agreement for calendar years 2027-2028.” · word for word
5 Aug 20268-K · 2.02, 7.01Revenue $460M; GAAP gross margin 52.6; Non-GAAP gross margin 52.7; Guidance: Q2 FY27 revenue guidance $510-570M (midpoint $540M vs Q1 $460M)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2027 | $460M | |
| GAAP gross margin · Q1-2027 | 52.6% | |
| Non-GAAP gross margin · Q1-2027 | 52.7% | |
| GAAP earnings per share · Q1-2027 | $1.47 | |
| Non-GAAP earnings per share · Q1-2027 | $1.84 | |
| GAAP operating expenses · Q1-2027 | $157M | |
| Non-GAAP operating expenses · Q1-2027 | $135M |
Guidance
Q2 FY27 revenue guidance $510-570M (midpoint $540M vs Q1 $460M)
Q2 revenue guidance implies strong sequential growth; gross margin stable; management confident in AI PC and new market opportunities.
Risks flagged
Customer concentration risk; heavily dependent on smartphone and PC end markets.
“Strong demand for custom components shipping into smartphones; PC business still emerging.” · word for word
3 Jun 2026DEF 14ACirrus Logic filed its definitive proxy statement (DEF 14A) for the 2026 annual meeting, disclosing executive compensation, governance practices, and a proposal to increase the share reserve under the 2018 Long Term Incentive Plan by 3.5 miopen
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $2.00B | +5% y/y |
| GAAP Operating Profit Margin · FY2026 | 23.0% | |
| GAAP Earnings Per Share · FY2026 | $7.85 | |
| Cash and Investments · FY2026 | $1.20B | |
| Share Repurchases · FY2026 | $280M | |
| Non-GAAP Operating Profit Margin (1H FY2026) · 1H FY2026 | 27.0% | |
| Non-GAAP Operating Profit Margin (2H FY2026) · 2H FY2026 | 28.0% | |
| Revenue Growth (1H FY2026) · 1H FY2026 | 6.0% | |
| Revenue Growth (2H FY2026) · 2H FY2026 | 5.0% | |
| Strategic Revenue (FY2026) · FY2026 | $187M |
21 May 202610-KRisks named: Customer concentration and architecture dependency, Manufacturing yield and defect risk, Environmental regulation compliance costopen
Risks flagged
Customer concentration and architecture dependency
“If our customers were to transition to these different system architectures or to eliminate certain functionality in their future end products, our results of operations could be adversely affected, resulting in reduced average selling prices for our components and loss of revenue.” · word for word
Manufacturing yield and defect risk
“Manufacturing defects that we do not discover during the manufacturing or testing process may lead to costly product recalls.” · word for word
Environmental regulation compliance cost
“There may be instances where alternative substances will not be available or commercially feasible, or may only be available from a single source, or may be significantly more expensive than their restricted counterparts – resulting in increased manufacturing costs.” · word for word
6 May 20268-K · 1.01, 2.02, 2.03, 7.01Record FY26 revenue of $2.0B, GAAP EPS $7.85, non-GAAP EPS $9.26; Q4 revenue $448.5M, GAAP EPS $1.56, non-GAAP EPS $1.95; guidance for Q1 FY27 revenue $430-490M, gross margin 51-53%.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2026 | $449M | |
| Revenue (Full Year) · FY2026 | $2.00B | |
| GAAP gross margin · FY2026 | 52.8% | |
| Non-GAAP earnings per share · FY2026 | $9.26 | |
| GAAP earnings per share · FY2026 | $7.85 |
Guidance
Q1 FY27 revenue $430M-$490M; GAAP gross margin 51%-53%.
Record FY2026 results; Q1 guidance implies stable demand; new credit agreement enhances flexibility.
Risks flagged
Customer concentration risk; dependency on smartphone market.
“Primarily driven by demand for our components shipping into smartphones.” · word for word
3 Feb 202610-QCirrus Logic reported Q3 FY2026 results with gross margin down 50bps YoY but YTD margin up 40bps, strong operating cash flow, and a significant tax rate benefit from the One Big Beautiful Bill Act.earningsopen
Figures in the filing · each found in the filing text
| Gross Margin · Q3-2026 | 53.1% | |
| Gross Margin · 9M-2026 | 52.7% | |
| Operating Cash Flow · 9M-2026 | $499M | +59% y/y |
| Effective Tax Rate · Q3-2026 | 13.6% | |
| Effective Tax Rate · 9M-2026 | 16.1% | |
| Stock Repurchases · 9M-2026 | $210M | +30% y/y |
| R&D Expense · Q3-2026 | $114M | +1% y/y |
| SG&A Expense · Q3-2026 | $42M | +7% y/y |
Risks flagged
Customer concentration risk
“We depend on a limited number of customers and distributors for a substantial portion of our sales, and the loss of, or a significant reduction in orders from, or pricing on products sold to, any key customer or distributor could significantly reduce our sales and our profitability.” · word for word
3 Feb 20268-K · 2.02, 7.01Revenue $581M; GAAP gross margin 53.1; GAAP earnings per share $2.66; Guidance: Revenue guidance $410-470M, gross margin 51-53%earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $581M | |
| GAAP gross margin · Q3-2026 | 53.1% | |
| GAAP earnings per share · Q3-2026 | $2.66 | |
| Non-GAAP earnings per share · Q3-2026 | $2.97 | |
| GAAP operating expenses · Q3-2026 | $155M | |
| Non-GAAP operating expenses · Q3-2026 | $133M |
Guidance
Revenue guidance $410-470M, gross margin 51-53%
Guidance for Q4 FY26 revenue $410-470M (down from Q3's $580.6M) and gross margin 51-53% (down from 53.1%), reflecting typical seasonality; management tone positive on AI and diversification.
Risks flagged
Dependence on smartphone demand and customer concentration
“Revenue driven by stronger-than-anticipated demand for components shipping into smartphones”
4 Nov 20258-K · 2.02, 7.01Revenue $561M; Gross margin 52.5; GAAP earnings per share $2.48; Guidance: Q3 FY26: Revenue $500-560M, Gross margin 51-53%, Non-GAAP OpEx $128-134Mearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-FY26 | $561M | |
| Gross margin · Q2-FY26 | 52.5% | |
| GAAP earnings per share · Q2-FY26 | $2.48 | |
| Non-GAAP earnings per share · Q2-FY26 | $2.83 | |
| GAAP operating expenses · Q2-FY26 | $150M | |
| Non-GAAP operating expenses · Q2-FY26 | $128M |
Guidance
Q3 FY26: Revenue $500-560M, Gross margin 51-53%, Non-GAAP OpEx $128-134M
Q3 guidance reflects continued strong demand with slight sequential revenue decline but stable margins.
4 Nov 202510-QCirrus Logic reported Q2 FY2026 results with gross margin improvement and a significant reduction in effective tax rate due to the OBBBA tax reform.earningsopen
Figures in the filing · each found in the filing text
| Operating cash flow · H1-FY2026 | $208M | +118% y/y |
| Gross margin · Q2-FY2026 | 52.5% | |
| Effective tax rate · Q2-FY2026 | 14.2% | |
| Stock repurchases · H1-FY2026 | $140M | +54% y/y |
Risks flagged
Customer concentration
“We depend on a limited number of customers and distributors for a substantial portion of our sales, and the loss of, or a significant reduction in orders from, or pricing on products sold to, any key customer or distributor could significantly reduce our sales and our profitability.” · word for word
Cirrus Logic, Inc. — questions
- What did Cirrus Logic, Inc. file recently?
- 12 SEC filings in the last 12 months. Latest: 8-K on 2026-10-13 — Cirrus Logic confirms it was Party A in Synaptics/onsemi merger filings, made acquisition proposals, but is not currently pursuing a transaction. No financial details or guidance provided.
Every figure on this page comes from Cirrus Logic, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.