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Cirrus Logic (CRUS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 4, 2025
Cirrus Logic (CRUS) reported revenue of $561M for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +38% from the quarter before. Operating margin was 25.8%, net earnings $132M (23.5% of revenue).
Cirrus Logic, Q2 FY26: revenue $561M (+4% year over year), operating margin 25.8%, net earnings $132M, operating cash flow $92.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $561M | +38% | +4% |
| Gross profit | $294M | +38% | +4% |
| Operating profit | $145M | +100% | +10% |
| Net earnings | $132M | +117% | +29% |
| Operating cash flow | $92.2M | -21% | 11× |
| Free cash flow | $88.3M | -22% | 16× |
What changed
Revenue was $561.0M in Q2 FY26, up 4% year over year and up 38% from the previous quarter. Audio Products was the largest line at 57% of revenue. HPMS Products added $17.5M year over year (up 8%), 91% of the total change.
Gross margin was 52.5%, up 0.3 points from a year earlier. Operating profit was $144.8M, a 25.8% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 24% margin then. Operating expenses fell 1% while revenue rose 4%. Net earnings were $131.6M, up 29% year over year. The effective tax rate was 14.2%.
Operating cash flow was $92.2M (up 1020% year over year), 70% of net earnings. Non-cash charges added back $12.7M of depreciation and amortization and $20.6M of share-based compensation. Working capital and other items used $72.7M. Capital expenditures of $3.9M left free cash flow of $88.3M.
Questions
What was Cirrus Logic's revenue in the second quarter fiscal 2026?
Cirrus Logic (CRUS) reported revenue of $561M for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +38% from the quarter before.
Was Cirrus Logic profitable in the second quarter fiscal 2026?
Operating profit was $145M (25.8% of revenue) and net earnings $132M.
Source: Cirrus Logic 10-Q on SEC EDGAR.