earnings
confidence high
sentiment positive
materiality 0.75
Cirrus Logic reports record Q1 revenue $460M, EPS $1.84 non-GAAP; guides Q2 rev $510-570M
CIRRUS LOGIC, INC.
- Q1 FY27 revenue $459.7M (+13% YoY); GAAP EPS $1.47, non-GAAP EPS $1.84 (record Q1).
- Q2 FY27 guidance: revenue $510-570M, GAAP gross margin 52-54%.
- One customer contributed ~90% of revenue; strong demand for custom smartphone components.
- PC revenue expectations lowered due to supply constraints; design wins for AI PC codec and NVIDIA RTX Spark platform.
- New GlobalFoundries wafer agreement for 2027-2028; new AFE component for metrology taped out.