Filing Flows › Cirrus Logic (CRUS) › Q1 FY27 › vs Q1 FY26
Cirrus Logic (CRUS) Q1 FY27 vs Q1 FY26 (year over year)
Cirrus Logic's revenue rose $52.5M (+13%) from $407M in Q1 FY26 to $460M in Q1 FY27. The biggest changes: HPMS Products +$43.5M (+26%); Audio Products +$9.0M (+4%). Gross margin 52.6% against 52.6% (+0.1 pts).
Cirrus Logic, Q1 FY27: revenue $460M (+13% year over year), operating margin 18.4%, net earnings $76.9M, operating cash flow $64.1M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 52.6% | 52.6% | +0.1 pts |
| Operating margin | 18.4% | 17.8% | +0.6 pts |
| Net margin | 16.7% | 14.9% | +1.8 pts |
| Free cash flow margin | 10.7% | 27.9% | -17.2 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Audio Products | $249M | $240M | $9.0M | +4% |
| HPMS Products | $211M | $167M | $43.5M | +26% |
| Revenue | $460M | $407M | $52.5M | +13% |
| Gross profit | $242M | $214M | $27.8M | +13% |
| Cost of revenue | $218M | $193M | $24.6M | +13% |
| Other income, net | $9.7M | $8.2M | $1.5M | +18% |
| Operating profit | $84.4M | $72.4M | $12.0M | +17% |
| Operating expenses | $157M | $142M | $15.8M | +11% |
| Pre-tax earnings | $94.2M | $80.6M | $13.5M | +17% |
| Research & development | $115M | $103M | $12.1M | +12% |
| SG&A | $42.4M | $38.7M | $3.7M | +9% |
| Net earnings | $76.9M | $60.7M | $16.2M | +27% |
| Income tax | $17.3M | $19.9M | −$2.6M | -13% |
| Depreciation & amortization | $13.2M | $13.2M | −$17K | -0.1% |
| Share-based compensation | $20.6M | $20.8M | −$220K | -1% |
| Working capital & other | $46.5M | −$21.5M | $67.9M | — |
| Operating cash flow | $64.1M | $116M | −$52.0M | -45% |
| Free cash flow (OCF − capex) | $49.0M | $113M | −$64.5M | -57% |
| Capital expenditures | $15.1M | $2.6M | $12.5M | +474% |
Questions
How much did Cirrus Logic's revenue grow year over year in Q1 FY27?
Cirrus Logic's revenue rose $52.5M (+13%) from $407M in Q1 FY26 to $460M in Q1 FY27.
What drove Cirrus Logic's revenue change in Q1 FY27?
HPMS Products +$43.5M (+26%); Audio Products +$9.0M (+4%).