Cirrus Logic Q1 revenue hits record but slightly misses estimates
CRUS•Outlook
- Cirrus Logic expects Q2 FY27 revenue between $510 million and $570 million
- Company forecasts Q2 FY27 GAAP gross margin of 52% to 54%
- Non-GAAP operating expenses for Q2 FY27 anticipated at $140 million to $146 million
Overview
- Mixed-signal chipmaker's fiscal Q1 revenue hit a record but slightly missed analyst expectations
- Adjusted EPS for fiscal Q1 beat analyst expectations
- Company cites strong smartphone component demand and new product progress as key drivers
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue | Slight Miss* | $460 million | $460.30 million (5 Analysts) |
| Q1 Adjusted EPS | Beat | $1.84 | $1.81 (5 Analysts) |
| Q1 EPS | $1.47 | ||
| Q1 Adjusted Operating Expenses | $135.42 million | ||
| Q1 Operating Expenses | $157.41 million |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
