Cirrus Logic (NASDAQ:CRUS) Releases Earnings Results, Beats Expectations By $0.19 EPS

Cirrus Logic (NASDAQ:CRUS) released its earnings results on Wednesday. The semiconductor company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.19, FiscalAI reports. The company had revenue of $448.52 million during the quarter, compared to analyst estimates of $442.26 million. Cirrus Logic had a return on equity of 20.74% and a net margin of 20.75%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share.

Here are the key takeaways from Cirrus Logic’s conference call:

• Record FY2026 results — revenue was $2.0 billion (up 5% YoY) and the company delivered record EPS of $9.26, with strong margins and approximately $1.2 billion in cash and investments.
• Cirrus guided Q1 FY2027 revenue of $430–$490 million (midpoint up ~3% sequentially, ~13% YoY) and gross margin of 51–53%, while warning non‑GAAP OpEx will rise as it increases R&D investment for FY2027.
• Management emphasized design momentum and pipeline expansion — wins and ramps for advanced smartphone audio (custom boosted amplifier and 22nm smart codec), ongoing camera controller roadmaps, and a new smart power IC for 3D sensing currently in design.
• The PC business showed meaningful traction, growing from low‑$10s million in FY2025 to the ~$40s million range in FY2026, with SDCA content rising to ~60% of PC revenue and expected to approach ~80%, supporting continued PC growth in FY2027.
• Q4 revenue fell 23% sequentially due to lower smartphone unit volumes and inventory increased to $240.9 million (~104 days), a potential short‑term risk if end‑market volumes soften further.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS traded down $2.79 during midday trading on Friday, hitting $168.90. 110,491 shares of the stock were exchanged, compared to its average volume of 651,135. Cirrus Logic has a 52-week low of $92.02 and a 52-week high of $179.00. The business’s fifty day simple moving average is $150.06 and its two-hundred day simple moving average is $134.82. The company has a market capitalization of $8.62 billion, a PE ratio of 21.54 and a beta of 1.16.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research lowered Cirrus Logic from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a report on Friday, March 27th. Barclays increased their target price on Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday. KeyCorp increased their target price on Cirrus Logic from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Benchmark increased their target price on Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Cirrus Logic has an average rating of “Moderate Buy” and a consensus target price of $161.71.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Justin E. Dougherty sold 3,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $143.16, for a total transaction of $429,480.00. Following the completion of the sale, the executive vice president directly owned 5,876 shares in the company, valued at approximately $841,208.16. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Thomas sold 9,942 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $160.11, for a total value of $1,591,813.62. Following the sale, the executive vice president owned 30,393 shares of the company’s stock, valued at approximately $4,866,223.23. This represents a 24.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 16,181 shares of company stock valued at $2,480,033. 1.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cirrus Logic

Several hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in Cirrus Logic by 6.2% during the fourth quarter. Parallel Advisors LLC now owns 1,368 shares of the semiconductor company’s stock worth $162,000 after buying an additional 80 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Cirrus Logic by 29.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 389 shares of the semiconductor company’s stock worth $46,000 after buying an additional 88 shares during the last quarter. EP Wealth Advisors LLC increased its position in Cirrus Logic by 1.7% during the second quarter. EP Wealth Advisors LLC now owns 5,739 shares of the semiconductor company’s stock worth $598,000 after buying an additional 95 shares during the last quarter. Fred Alger Management LLC increased its position in Cirrus Logic by 5.0% during the third quarter. Fred Alger Management LLC now owns 2,552 shares of the semiconductor company’s stock worth $320,000 after buying an additional 122 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Cirrus Logic by 2.0% during the second quarter. MML Investors Services LLC now owns 6,625 shares of the semiconductor company’s stock worth $691,000 after buying an additional 129 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.