Filing Flows › Cirrus Logic (CRUS) › Q2 FY27
Cirrus Logic (CRUS) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Cirrus Logic (CRUS) reported revenue of $559M for the second quarter fiscal 2027 (Q2 FY27), -0.3% from a year earlier and +22% from the quarter before. Operating margin was 23.7%, net earnings $115M (20.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $559M | +22% | -0.3% |
| Gross profit | $301M | +24% | +2% |
| Operating profit | $132M | +57% | -9% |
| Net earnings | $115M | +49% | -13% |
| Operating cash flow | $50.9M | -21% | -45% |
| Free cash flow | $42.5M | -13% | -52% |
What changed
Revenue was $559.5M in Q2 FY27, roughly flat year over year and up 22% from the previous quarter. Audio Products was the largest line at 56% of revenue. Audio Products lost $3.7M year over year (down 1%), 247% of the total change.
Gross margin was 53.7%, up 1.2 points from Q2 FY26. Operating profit was $132.4M, a 23.7% margin (down 2.1 points year over year). Operating expenses grew 12% against flat revenue. The fastest-growing cost line was SG&A (+13%). Net earnings were $114.7M, down 13% year over year. The effective tax rate was 19.2%.
Operating cash flow was $50.9M (down 45% year over year), 44% of net earnings. Non-cash charges added back $13.6M of depreciation and amortization and $18.3M of share-based compensation. Working capital and other items used $95.7M. Capital expenditures of $8.4M left free cash flow of $42.5M.
Questions
What was Cirrus Logic's revenue in the second quarter fiscal 2027?
Cirrus Logic (CRUS) reported revenue of $559M for the second quarter fiscal 2027 (Q2 FY27), -0.3% from a year earlier and +22% from the quarter before.
Was Cirrus Logic profitable in the second quarter fiscal 2027?
Operating profit was $132M (23.7% of revenue) and net earnings $115M.
Source: Cirrus Logic 10-Q on SEC EDGAR.