Cirrus Logic Q4 revenue and adjusted EPS beat estimates on smartphone-driven demand

Cirrus Logic

06/05/2026 21:08

Overview

US mixed-signal chipmaker's fiscal Q4 revenue and adjusted EPS beat analyst expectations

Company cites strong smartphone demand and higher PC sales for record FY26 results

Company reports strong yr/yr growth in PC business and expanded general market portfolio

Outlook

Cirrus Logic expects Q1 FY27 revenue between $430 mln and $490 mln

Company forecasts Q1 FY27 GAAP gross margin of 51% to 53%

Q1 FY27 non-GAAP operating expenses anticipated at $132 mln to $138 mln

Result Drivers

SMARTPHONE DEMAND - Co said record FY26 results were primarily driven by demand for components shipping into smartphones

PC SALES - Co reported strong yr/yr revenue growth in its PC business

MARKET DIVERSIFICATION - Co cited progress on strategy to diversify applications and markets, including new camera controllers and smart power IC development

Company press release: ID:nBw8q0nyba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$448.50 mln
$441.90 mln (6 Analysts)
Q4 Adjusted EPS
Beat
$1.95
$1.76 (6 Analysts)
Q4 EPS
$1.56
Q4 Adjusted Operating Expenses
$126.10 mln
Q4 Operating Expenses
$147.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Cirrus Logic Inc is $168.67, about 1.5% below its May 5 closing price of $171.22

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)