Cirrus Logic Q1 revenue beats estimates

Overview

• Cirrus Logic fiscal Q1 revenue of $407.3 mln beats analyst expectations

• Adjusted EPS for fiscal Q1 exceeds analyst estimates, driven by strong product demand

Outlook

• Cirrus Logic expects Q2 FY26 revenue between $510 mln and $570 mln

• Company forecasts Q2 FY26 GAAP gross margin of 51% to 53%

• Cirrus Logic anticipates Q2 FY26 GAAP R&D and SG&A expenses $153 mln to $159 mln

• Company sees Q2 FY26 non-GAAP operating expenses between $131 mln and $137 mln

Result Drivers

• AMPLIFIER DEMAND - Strong demand for custom boosted amplifier contributed to revenue growth, per CEO John Forsyth

• SMART CODEC - Introduction of 22-nanometer smart codec in smartphones drove sales

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 $125.00, about 15.5% above its August 4 closing price of $105.58

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwNmsW8a