Cirrus Logic Q2 revenue beats on smartphone demand
CRUS•Cirrus Logic reported Q2 revenue of $559.50 million and adjusted EPS of $2.70, beating analyst estimates of $547.42 million and $2.42. It expects Q3 revenue of $510 million to $570 million and a GAAP gross margin of 51% to 53%.
1. Q2 results
Cirrus Logic said Q2 revenue rose to $559.50 million, above the $547.42 million analyst estimate. Adjusted EPS was $2.70, beating the $2.42 estimate; GAAP EPS was $2.23.
2. Smartphone demand
CEO John Forsyth said strong demand and increased content shipping into smartphones drove results. Custom components and a third-generation camera controller saw broader adoption in newly launched smartphones.
3. Q3 outlook and buyback
Cirrus Logic expects Q3 revenue of $510 million to $570 million and GAAP gross margin of 51% to 53%. The company authorized a $500 million share repurchase in October 2026 and said it made progress on product development, including sampling analog front-end components for smart metering.
