分组1 - Cirrus Logic reported quarterly earnings of $2.97 per share, exceeding the Zacks Consensus Estimate of $2.42 per share, and showing an increase from $2.51 per share a year ago, resulting in an earnings surprise of +22.85% [1] - The company achieved revenues of $580.62 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 8.27%, and up from $555.74 million year-over-year [2] - Cirrus Logic has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 10.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.19 on revenues of $380.57 million, and for the current fiscal year, it is $7.95 on revenues of $1.89 billion [7] - The Electronics - Semiconductors industry, to which Cirrus Logic belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Financial Data and Key Metrics Changes - Cirrus Logic reported revenue of $580.6 million for Q3 fiscal 2026, exceeding the top end of guidance, driven by strong demand for smartphone components and a favorable mix of end devices [4][12] - Revenue increased by 4% sequentially and year-over-year, primarily due to higher smartphone unit volumes, partially offset by pricing reductions and lower general market sales [12][14] - Non-GAAP gross profit was $308.2 million with a gross margin of 53.1%, reflecting a 60 basis points increase sequentially but a 50 basis points decrease year-over-year [12][13] - Non-GAAP operating income was $175.1 million, representing 30.2% of revenue, with non-GAAP net income reaching $156.7 million, resulting in record earnings per share of $2.97 [15][12] - The company ended the quarter with $1.08 billion in cash and investments, up $185.9 million from the prior quarter, and had no debt outstanding [15][12] Business Line Data and Key Metrics Changes - The flagship smartphone audio business saw strong demand for new products, including a custom-boosted amplifier and a 22-nanometer smart codec, contributing to revenue growth [6][8] - In the high-performance mixed-signal business, customer engagement remained strong, particularly for camera controller products, with ongoing investments in R&D for advanced battery and power applications [7][8] - The company began sampling a new prosumer audio product family and automotive haptic components, indicating expansion into new markets beyond smartphones [10][9] Market Data and Key Metrics Changes - The revenue from the largest customer represented 94% of total revenue, indicating a significant reliance on this customer, while revenue from other markets declined [28] - The company is strategically investing in new growth markets, particularly in the PC sector, where it anticipates significant revenue growth in fiscal 2026 and beyond [32][36] Company Strategy and Development Direction - Cirrus Logic's long-term growth strategy focuses on maintaining leadership in smartphone audio, expanding high-performance mixed-signal solutions, and leveraging expertise in new markets [5][8] - The company aims to diversify its product portfolio and drive growth in new applications, particularly in PCs and automotive markets, with a strong emphasis on innovation and customer engagement [10][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, noting strong demand for smartphone components and a favorable product mix [4][12] - The company anticipates continued growth in the PC market, with expectations for revenue to double from previous fiscal years, driven by new product launches and increased market penetration [36][35] Other Important Information - Cirrus Logic has a strong balance sheet with no debt and significant cash reserves, allowing for flexibility in operations and investments [15][12] - The company is focused on executing its technology roadmap to drive profitable growth and deliver long-term shareholder value [51] Q&A Session Summary Question: Insights on the better-than-expected revenue and guidance - Management noted that the seasonal shape remains consistent, but they were further away from the peak than anticipated, leading to higher revenue than expected [20][22] Question: Revenue expectations from voice interface technology - Management indicated that the voice interface product is currently being sampled and expected to generate revenue in calendar 2027 and 2028, with strong interest from customers [23][25] Question: Decline in revenue outside the largest customer - Management explained that the high percentage of revenue from the largest customer is due to strong product launches, while general market revenue faced headwinds from strategic shifts and aging products [28][30] Question: Outlook for PC revenue in fiscal 2026 and 2027 - Management expects PC revenue to roughly double in fiscal 2026 and anticipates strong growth momentum into fiscal 2027, driven by increased market penetration and new product launches [35][36] Question: Supply constraints impacting outlook - Management confirmed that there are currently no supply constraints affecting operations or outlook, although the industry remains tight [40] Question: Revenue contribution from automotive opportunities - Management did not provide a specific timeframe for revenue from automotive markets but indicated a healthy serviceable addressable market (SAM) projected to exceed $800 million by 2029 [42][43]

Financial Data and Key Metrics Changes - Cirrus Logic reported revenue of $580.6 million for Q3 fiscal 2026, exceeding the top end of guidance, driven by strong demand for smartphone components and a favorable mix of end devices [4][12] - On a sequential basis, revenue increased by 4%, attributed to higher smartphone unit volumes, while year-over-year sales also rose by 4% [12] - Non-GAAP gross profit was $308.2 million with a gross margin of 53.1%, reflecting a 60 basis points increase sequentially but a 50 basis points decrease year-over-year [12][13] - Non-GAAP net income reached $156.7 million, resulting in record earnings per share of $2.97 for the quarter [14] Business Line Data and Key Metrics Changes - The flagship smartphone audio business experienced strong demand for new products, including a custom-boosted amplifier and a 22-nm smart codec, contributing to sustained revenue [6][8] - In the high-performance mixed-signal business, customer engagement remained strong, particularly for camera controller products, with ongoing R&D investments in battery and power applications [7][10] - The general market business faced challenges, with a decline in revenue attributed to a strategic shift away from Android and aging products reaching end-of-life [28][30] Market Data and Key Metrics Changes - The company is expanding its footprint in the PC market, with significant progress in ramping shipments of amplifiers and codecs for mainstream PC platforms [8][9] - Interest in new components for AI-enabled PCs is strong, with expectations for revenue growth from these products in the coming years [24][25] - The automotive market is seen as a growth opportunity, with new haptic components announced, although revenue contributions are not yet specified [39][40] Company Strategy and Development Direction - Cirrus Logic's long-term growth strategy focuses on maintaining leadership in smartphone audio, expanding mixed-signal solutions, and leveraging expertise in new markets [5][6] - The company aims to diversify its product portfolio and drive growth in new applications, particularly in PCs and automotive sectors [10][11] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for smartphone components and the potential for growth in the PC and automotive markets [4][39] - The company does not foresee major supply constraints impacting operations or outlook, indicating a stable supply chain management approach [37] - Future revenue from new technologies, such as voice interfaces for AI, is anticipated to materialize in calendar years 2027 and 2028 [24][25] Other Important Information - Cirrus Logic ended the quarter with $1.08 billion in cash and investments, up $185.9 million from the prior quarter, and has no outstanding debt [14][15] - The company utilized $70 million for share repurchases during the quarter, with $344.1 million remaining on its repurchase authorization [15][16] Q&A Session Summary Question: Insights on the revenue beat and guidance for the March quarter - Management noted that the revenue beat was due to being further away from the peak than initially anticipated, with a favorable mix contributing to the results [21] Question: Revenue expectations from voice interface technology - Management indicated that the voice product targeting PCs is expected to generate revenue in 2027 and 2028, with strong interest from OEMs [24] Question: Decline in revenue outside the largest customer - Management explained that the high percentage of revenue from the largest customer was due to a strong product launch, while general market revenue faced headwinds from strategic shifts and aging products [28][30] Question: Guidance on PC revenue opportunities - Management expects PC revenue to roughly double in fiscal 2026, with strong growth momentum anticipated into fiscal 2027 [33] Question: Supply constraints impacting outlook - Management confirmed no current supply constraints, indicating effective capacity management [37] Question: Automotive market revenue contributions - Management did not provide specific revenue targets but highlighted a significant market opportunity in automotive haptics and related technologies [39][40]

Financial Data and Key Metrics Changes - Cirrus Logic reported revenue of $580.6 million for Q3 fiscal 2026, exceeding the top end of guidance, driven by strong smartphone demand and a favorable mix of end devices [4][12] - Non-GAAP gross profit was $308.2 million with a gross margin of 53.1%, reflecting a 60 basis points increase sequentially but a 50 basis points decrease year-over-year due to anticipated pricing reductions [12][13] - Non-GAAP operating income was $175.1 million, representing 30.2% of revenue, with non-GAAP net income reaching $156.7 million, resulting in record earnings per share of $2.97 [14][15] - The company ended the quarter with $1.08 billion in cash and investments, up $185.9 million from the prior quarter, and had no debt outstanding [15] Business Line Data and Key Metrics Changes - The flagship smartphone audio business saw strong demand for new products, including a custom-boosted amplifier and a 22-nanometer smart codec, contributing to revenue growth [5][6] - In the high-performance mixed-signal business, customer engagement remained strong, particularly for camera controller products, with ongoing investments in advanced battery and power applications [6][9] - The general market business faced challenges, with a decline attributed to a strategic shift away from Android and aging products reaching end-of-life, but new growth opportunities in PCs and other markets are being pursued [30][31] Market Data and Key Metrics Changes - The company is expanding its footprint in the PC market, ramping shipments of new amplifiers and codecs, and has seen strong interest in voice interface products for AI-enabled PCs [8][24] - The automotive market is viewed as a significant growth opportunity, with new haptic components announced, although revenue contributions from this segment are not yet specified [10][41] Company Strategy and Development Direction - Cirrus Logic's long-term growth strategy focuses on maintaining leadership in smartphone audio, expanding high-performance mixed-signal solutions, and leveraging expertise in new markets [5][7] - The company aims to diversify its product portfolio and drive growth in new applications, particularly in PCs and automotive haptics, while continuing to innovate in existing markets [10][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand and a favorable product mix, while acknowledging the challenges in the general market business [21][30] - The company anticipates continued growth in the PC segment, with expectations for revenue to double from previous fiscal years, driven by increased market penetration and new product launches [34][36] Other Important Information - The company has a strong balance sheet with significant cash reserves and no debt, allowing for flexibility in operations and investments [15] - Guidance for Q4 fiscal 2026 projects revenue between $410 million and $470 million, with expected gross margins of 51%-53% [17] Q&A Session Summary Question: Insights on the better-than-expected revenue and guidance - Management noted that the seasonal shape remains consistent, but the peak demand was further away than anticipated, contributing to the revenue beat [20][21] Question: Revenue expectations from voice interface technology - The company is sampling a voice interface product for PCs, with expected revenue contributions in calendar 2027 and 2028 [24][25] Question: Decline in revenue outside the largest customer - Management explained that the high percentage of revenue from the largest customer is due to strong product launches, while general market challenges stem from strategic shifts and aging products [28][30] Question: PC revenue tracking and expectations - Management expects PC revenue to double in fiscal 2026, with strong growth momentum anticipated into fiscal 2027 [34][36] Question: Supply constraints and their impact - Currently, there are no supply constraints affecting operations, and the company is managing capacity effectively [38] Question: Automotive market revenue contributions - While no specific revenue targets were provided, management sees a significant market opportunity in automotive, with a potential SAM exceeding $800 million by 2029 [41][42]

Investor Relations Update As of February 3, 2026 Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain forward-looking statements, including industry market projections; our revenue growth opportunities; our ability to fuel product and application diversification; our ability to maintain our leadership position in smartphone audio; our ability to increase HPMS content in smartphones; our ability to leverage our strength in audio and HPMS ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission File Number 0-17795 CIRRUS LOGIC, INC. (Exact name of registrant as specified in its charter) | Delaware | | | 77-0024818 | | --- | --- | --- | - ...

February 3, 2026 Dear Shareholders, In Q3 FY26, Cirrus Logic delivered revenue of $580.6 million and record GAAP and non-GAAP earnings per share of $2.66 and $2.97, respectively. Stronger-than-anticipated demand for our components shipping into smartphones and a favorable mix of end devices resulted in revenue above our guidance range. We also saw continued momentum in PCs, reflecting disciplined execution against our growth strategy during the quarter. Highlights include ramping our latest-generation ampli ...

DULUTH, Minn. & KNOXVILLE, Tenn .--(BUSINESS WIRE)--Cirrus (Cirrus Aircraft Ltd.) today introduced the next evolution of its jet product line with the new Generation 3 (G3) Vision Jet. The G3 Vision Jet reveals a reimagined interior with premium materials and an expanded seating option for six adults, as well as ATC Datalink and over 30 refinements designed to create a new era smart and safe Personal Aviation. "The G3 Vision Jet is a testament to our relentless innovation, continued investment in Personal A ...

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Key Takeaways CRUS will report Q3 FY26 earnings Feb. 3 after the close, with revenue guided at $500-$560M.Momentum in smartphones and laptops, with amplifiers, codecs and haptics embedded in devices is a plus.CRUS is diversifying into PCs and new markets amid supply chain, FX and customer risks.Cirrus Logic Inc. (CRUS) is set to report third-quarter fiscal 2026 earnings on Feb. 3, 2026, after the closing bell.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $536.3 million, which i ...