---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-21-000939"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2021-07-28T23:59:59+00:00"
generated_at: "2026-06-30T01:54:03.419677+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic signs ~$1.6B wafer supply deal with GlobalFoundries; Q1 revenue $277.3M

## Summary
- Committed to purchase ~$1.6B of wafers from GlobalFoundries 2022-2026; paid $50M non-refundable fee plus $175M prepayment.
- Q1 FY22 revenue $277.3M (+14% YoY); GAAP EPS $0.29, non-GAAP EPS $0.54; gross margin 50.5%.
- Q2 FY22 guidance: revenue $430M-$470M (+62% sequential); GAAP gross margin 50%-52%.
- One customer contributed 72% of Q1 revenue; demand robust in smartphones and laptops.
- Acquired Lion Semiconductor for $335M cash during Q1; adds fast-charging power ICs.

## SEC filing metadata
- accession: 0001157523-21-000939
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2021-07-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000115752321000939/0001157523-21-000939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000115752321000939/a52467313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-21-000939
- JSON: https://secwatch.observer/filing/0001157523-21-000939.json
- Plain text: https://secwatch.observer/filing/0001157523-21-000939.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.