Filing Flows › Cirrus Logic (CRUS) › Q2 FY27 › vs Q2 FY26
Cirrus Logic (CRUS) Q2 FY27 vs Q2 FY26 (year over year)
Cirrus Logic's revenue fell $1.5M (-0.3%) from $561M in Q2 FY26 to $559M in Q2 FY27. The biggest changes: Audio Products −$3.7M (-1%); HPMS Products +$2.2M (+0.9%). Gross margin 53.7% against 52.5% (+1.2 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 53.7% | 52.5% | +1.2 pts |
| Operating margin | 23.7% | 25.8% | -2.1 pts |
| Net margin | 20.5% | 23.5% | -3.0 pts |
| Free cash flow margin | 7.6% | 15.7% | -8.2 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Audio Products | $315M | $318M | −$3.7M | -1% |
| HPMS Products | $245M | $243M | $2.2M | +0.9% |
| Revenue | $559M | $561M | −$1.5M | -0.3% |
| Gross profit | $301M | $294M | $6.2M | +2% |
| Cost of revenue | $259M | $267M | −$7.7M | -3% |
| Other income, net | $9.6M | $8.6M | $978K | +11% |
| Operating profit | $132M | $145M | −$12.4M | -9% |
| Operating expenses | $168M | $150M | $18.6M | +12% |
| Pre-tax earnings | $142M | $153M | −$11.4M | -7% |
| Research & development | $123M | $110M | $13.3M | +12% |
| SG&A | $44.8M | $39.6M | $5.3M | +13% |
| Net earnings | $115M | $132M | −$16.9M | -13% |
| Income tax | $27.2M | $21.8M | $5.4M | +25% |
| Depreciation & amortization | $13.6M | $12.7M | $887K | +7% |
| Share-based compensation | $18.3M | $20.6M | −$2.3M | -11% |
| Working capital & other | $95.7M | $72.7M | $23.0M | +32% |
| Operating cash flow | $50.9M | $92.2M | −$41.3M | -45% |
| Free cash flow (OCF − capex) | $42.5M | $88.3M | −$45.9M | -52% |
| Capital expenditures | $8.4M | $3.9M | $4.5M | +118% |
Questions
How much did Cirrus Logic's revenue grow year over year in Q2 FY27?
Cirrus Logic's revenue fell $1.5M (-0.3%) from $561M in Q2 FY26 to $559M in Q2 FY27.
What drove Cirrus Logic's revenue change in Q2 FY27?
Audio Products −$3.7M (-1%); HPMS Products +$2.2M (+0.9%).