Cirrus Logic(CRUS) - 2026 Q1 - Quarterly Results

Exhibit 99.2 Q1 FY26 Letter to Shareholders August 5, 2025 August 5, 2025 Dear Shareholders, | Q1 FY26 | GAAP | Adj. | Non-GAAP* | | --- | --- | --- | --- | | Revenue | $407.3 | | $407.3 | | Gross Profit | $214.0 | $0.3 | $214.3 | | Gross Margin | 52.6% | | 52.6% | | Operating Expense | $141.6 | ($22.1) | $119.5 | | Operating Income | $72.4 | $22.5 | $94.9 | | Operating Profit | 17.8% | | 23.3% | | Interest Income | $8.6 | | $8.6 | | Other Expense | $(0.4) | | $(0.4) | | Income Tax Expense | $19.9 | $2.9 | ...