Filing Flows › Cirrus Logic (CRUS) › Q2 FY27 › vs Q1 FY27
Cirrus Logic (CRUS) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Cirrus Logic's revenue rose $99.7M (+22%) from $460M in Q1 FY27 to $559M in Q2 FY27. The biggest changes: Audio Products +$65.5M (+26%); HPMS Products +$34.3M (+16%). Gross margin 53.7% against 52.6% (+1.1 pts).
Cirrus Logic, Q2 FY27: revenue $559M (-0.3% year over year), operating margin 23.7%, net earnings $115M, operating cash flow $50.9M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 53.7% | 52.6% | +1.1 pts |
| Operating margin | 23.7% | 18.4% | +5.3 pts |
| Net margin | 20.5% | 16.7% | +3.8 pts |
| Free cash flow margin | 7.6% | 10.7% | -3.1 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Audio Products | $315M | $249M | $65.5M | +26% |
| HPMS Products | $245M | $211M | $34.3M | +16% |
| Revenue | $559M | $460M | $99.7M | +22% |
| Gross profit | $301M | $242M | $58.7M | +24% |
| Cost of revenue | $259M | $218M | $41.0M | +19% |
| Other income, net | $9.6M | $9.7M | −$109K | -1% |
| Operating profit | $132M | $84.4M | $47.9M | +57% |
| Operating expenses | $168M | $157M | $10.8M | +7% |
| Pre-tax earnings | $142M | $94.2M | $47.8M | +51% |
| Research & development | $123M | $115M | $8.3M | +7% |
| SG&A | $44.8M | $42.4M | $2.4M | +6% |
| Net earnings | $115M | $76.9M | $37.9M | +49% |
| Income tax | $27.2M | $17.3M | $9.9M | +57% |
| Depreciation & amortization | $13.6M | $13.2M | $435K | +3% |
| Share-based compensation | $18.3M | $20.6M | −$2.3M | -11% |
| Working capital & other | $95.7M | $46.5M | $49.2M | +106% |
| Operating cash flow | $50.9M | $64.1M | −$13.2M | -21% |
| Free cash flow (OCF − capex) | $42.5M | $49.0M | −$6.5M | -13% |
| Capital expenditures | $8.4M | $15.1M | −$6.7M | -44% |
Questions
How much did Cirrus Logic's revenue grow quarter over quarter in Q2 FY27?
Cirrus Logic's revenue rose $99.7M (+22%) from $460M in Q1 FY27 to $559M in Q2 FY27.
What drove Cirrus Logic's revenue change in Q2 FY27?
Audio Products +$65.5M (+26%); HPMS Products +$34.3M (+16%).