Filing Flows › Cirrus Logic (CRUS) › Q1 FY27
Cirrus Logic (CRUS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
Cirrus Logic (CRUS) reported revenue of $460M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +2% from the quarter before. Operating margin was 18.4%, net earnings $76.9M (16.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | +2% | +13% |
| Gross profit | $242M | +2% | +13% |
| Operating profit | $84.4M | -6% | +17% |
| Net earnings | $76.9M | -6% | +27% |
| Operating cash flow | $64.1M | -58% | -45% |
| Free cash flow | $49.0M | -67% | -57% |
What changed
Revenue was $459.7M in Q1 FY27, up 13% year over year and up 2% from the previous quarter. Audio Products was the largest line at 54% of revenue. HPMS Products added $43.5M year over year (up 26%), 83% of the total change.
Gross margin was 52.6%, up 0.1 points from Q1 FY26. Operating profit was $84.4M, a 18.4% margin (up 0.6 points year over year). Of the extra revenue versus Q1 FY26, 23% reached operating profit, above the 18% margin then. Operating expenses grew 11% against revenue growth of 13%. The fastest-growing cost line was Research & development (+12%). Net earnings were $76.9M, up 27% year over year. The effective tax rate was 18.4%.
Operating cash flow was $64.1M (down 45% year over year), 83% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization and $20.6M of share-based compensation. Working capital and other items used $46.5M. Capital expenditures of $15.1M left free cash flow of $49.0M.
Questions
What was Cirrus Logic's revenue in the first quarter fiscal 2027?
Cirrus Logic (CRUS) reported revenue of $460M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +2% from the quarter before.
Was Cirrus Logic profitable in the first quarter fiscal 2027?
Operating profit was $84.4M (18.4% of revenue) and net earnings $76.9M.
Source: Cirrus Logic 10-Q on SEC EDGAR.