Filing Flows › Cirrus Logic (CRUS) › Q1 FY27 › vs Q4 FY26
Cirrus Logic (CRUS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Cirrus Logic's revenue rose $11.2M (+2%) from $449M in Q4 FY26 to $460M in Q1 FY27. The biggest changes: HPMS Products +$19.4M (+10%); Audio Products −$8.2M (-3%). Gross margin 52.6% against 53.0% (-0.4 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 52.6% | 53.0% | -0.4 pts |
| Operating margin | 18.4% | 20.1% | -1.8 pts |
| Net margin | 16.7% | 18.2% | -1.5 pts |
| Free cash flow margin | 10.7% | 33.2% | -22.6 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Audio Products | $249M | $257M | −$8.2M | -3% |
| HPMS Products | $211M | $191M | $19.4M | +10% |
| Revenue | $460M | $449M | $11.2M | +2% |
| Gross profit | $242M | $238M | $4.2M | +2% |
| Cost of revenue | $218M | $211M | $7.0M | +3% |
| Other income, net | $9.7M | $10.0M | −$247K | -2% |
| Operating profit | $84.4M | $90.3M | −$5.9M | -6% |
| Operating expenses | $157M | $147M | $10.1M | +7% |
| Pre-tax earnings | $94.2M | $100M | −$6.1M | -6% |
| Research & development | $115M | $107M | $7.5M | +7% |
| SG&A | $42.4M | $39.9M | $2.5M | +6% |
| Net earnings | $76.9M | $81.8M | −$5.0M | -6% |
| Income tax | $17.3M | $18.5M | −$1.2M | -6% |
| Depreciation & amortization | $13.2M | $13.3M | −$190K | -1% |
| Share-based compensation | $20.6M | $19.8M | $742K | +4% |
| Working capital & other | $46.5M | −$36.4M | $82.9M | — |
| Operating cash flow | $64.1M | $151M | −$87.3M | -58% |
| Free cash flow (OCF − capex) | $49.0M | $149M | −$100M | -67% |
| Capital expenditures | $15.1M | $2.4M | $12.7M | +532% |
Questions
How much did Cirrus Logic's revenue grow quarter over quarter in Q1 FY27?
Cirrus Logic's revenue rose $11.2M (+2%) from $449M in Q4 FY26 to $460M in Q1 FY27.
What drove Cirrus Logic's revenue change in Q1 FY27?
HPMS Products +$19.4M (+10%); Audio Products −$8.2M (-3%).