Filing Flows › Cirrus Logic (CRUS) › Q1 FY26
Cirrus Logic (CRUS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 5, 2025
Cirrus Logic (CRUS) reported revenue of $407M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -4% from the quarter before. Operating margin was 17.8%, net earnings $60.7M (14.9% of revenue).
Cirrus Logic, Q1 FY26: revenue $407M (+9% year over year), operating margin 17.8%, net earnings $60.7M, operating cash flow $116M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | -4% | +9% |
| Gross profit | $214M | -6% | +13% |
| Operating profit | $72.4M | -16% | +55% |
| Net earnings | $60.7M | -15% | +44% |
| Operating cash flow | $116M | -11% | +33% |
| Free cash flow | $113M | -11% | +47% |
What changed
Revenue was $407.3M in Q1 FY26, up 9% year over year and down 4% from the previous quarter. Audio Products was the largest line at 59% of revenue. Audio Products added $21.1M year over year (up 10%), 63% of the total change.
Gross margin was 52.6%, up 2.0 points from a year earlier. Operating profit was $72.4M, a 17.8% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 77% reached operating profit, above the 13% margin then. Operating expenses fell 0% while revenue rose 9%. Net earnings were $60.7M, up 44% year over year. The effective tax rate was 24.7%.
Operating cash flow was $116.1M (up 33% year over year), 191% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization and $20.8M of share-based compensation. Working capital and other items added $21.5M. Capital expenditures of $2.6M left free cash flow of $113.5M.
Questions
What was Cirrus Logic's revenue in the first quarter fiscal 2026?
Cirrus Logic (CRUS) reported revenue of $407M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -4% from the quarter before.
Was Cirrus Logic profitable in the first quarter fiscal 2026?
Operating profit was $72.4M (17.8% of revenue) and net earnings $60.7M.
Source: Cirrus Logic 10-Q on SEC EDGAR.