secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000772406-25-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic Q1 FY26 revenue $407.3M beats guidance; EPS $1.14 GAAP, $1.51 non-GAAP
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- Revenue $407.3M (above guidance top end), up 9% YoY; GAAP EPS $1.14, non-GAAP $1.51.
- Q2 FY26 guidance: revenue $510M-$570M, gross margin 51%-53%, GAAP R&D+SG&A $153M-$159M.
- One customer 86% of revenue; strong demand for custom boosted amplifier and 22nm smart codec.
- Share repurchases: 1.0M shares at ~$98.66, $100M returned; cash $847.8M; inventory $279.0M.
- Gaining traction in laptops; new ADC/DAC products ramping; timing product shipping to automotive/pro audio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240625000033/0000772406-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240625000033/crus-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000772406-25-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer