Cirrus Logic FY27 Q1 GAAP EPS rises 28.95% to $1.47; revenue increases 12.89% to $459.7 million
CRUS•Cirrus Logic reports higher fiscal Q1 revenue and earnings
Cirrus Logic posted fiscal Q1 revenue of USD 459.7 million, up 12.87% from a year earlier.
GAAP diluted EPS rose to USD 1.47 from USD 1.14; GAAP net income increased to USD 76.85 million from USD 60.7 million.
GAAP gross margin held at 52.6%, while GAAP operating expenses climbed to USD 157.42 million from USD 141.64 million.
CEO John Forsyth cited strong demand for custom smartphone components; the PC unit saw interest in its latest smart codec for AI-enabled PCs.
For fiscal Q2, revenue is forecast at USD 510 million to USD 570 million; GAAP gross margin is seen at 52% to 54%.
