Cirrus Logic Inc

Latest Results (03.04.2026):

Cirrus Logic, Inc. reported results for the third quarter of fiscal year 2026 (Q3 FY26), ended December 27, 2025. Revenue was $580.6 million, with GAAP diluted EPS of $2.66 and non‑GAAP diluted EPS of $2.97. Management said revenue beat the high end of guidance driven by stronger smartphone component demand and a favorable product mix, and highlighted progress diversifying into AI/PC, prosumer and automotive markets.

Revenue and profitability

Q3 FY26 revenue: $580.6M. GAAP gross margin: 53.1%. GAAP operating expenses: $155.2M; non‑GAAP operating expenses: $133.0M. GAAP operating income: $152.9M (26.3% of revenue); non‑GAAP operating income: $175.1M (30.2%).

Earnings per share

GAAP diluted EPS: $2.66. Non‑GAAP diluted EPS: $2.97 (non‑GAAP net income $156.7M). Reconciliations to GAAP are included in the company tables.

Business outlook (Q4 FY26)

Guidance for Q4 FY26: revenue $410M–$470M; GAAP gross margin 51%–53%; combined GAAP R&D + SG&A $147M–$153M (includes ~$21M stock‑based comp and ~$2M amortization), implying non‑GAAP operating expenses $124M–$130M.

Product and market progress

Company highlighted sampling a new voice‑interface component for future AI‑enabled PCs, ramping a next‑gen amplifier and codec in mainstream PC platforms, and adding product families targeting prosumer and automotive to broaden the addressable market.

Cash, balance sheet and cash flow

Cash & cash equivalents at quarter end: $778.1M. Accounts receivable: $279.0M; inventories: $189.5M. Net cash provided by operations in the quarter: $290.8M; three‑month free cash flow (non‑GAAP) reported at $285.7M.

Capital allocation

Q3 included share repurchases: ~$70.0M repurchased and retired, and ~$30.7M repurchased to satisfy employee tax withholding obligations. The company continues to return capital while investing in product diversification.