secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2026-08-05T20:01:06+00:00
Accession:  0000772406-26-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic reports record Q1 revenue $460M, EPS $1.84 non-GAAP; guides Q2 rev $510-570M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240626000036/0000772406-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240626000036/crus-20260805.htm
  HTML page:      https://secwatch.observer/filing/0000772406-26-000036

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