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Cirrus Logic (CRUS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 3, 2026
Cirrus Logic (CRUS) reported revenue of $581M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before. Operating margin was 26.3%, net earnings $140M (24.2% of revenue).
Cirrus Logic, Q3 FY26: revenue $581M (+4% year over year), operating margin 26.3%, net earnings $140M, operating cash flow $291M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $581M | +4% | +4% |
| Gross profit | $308M | +5% | +3% |
| Operating profit | $153M | +6% | +5% |
| Net earnings | $140M | +7% | +21% |
| Operating cash flow | $291M | +215% | +33% |
| Free cash flow | $286M | +223% | +35% |
What changed
Revenue was $580.6M in Q3 FY26, up 4% year over year and up 4% from the previous quarter. Audio Products was the largest line at 59% of revenue. HPMS Products added $26.7M year over year (up 13%), 107% of the total change. Audio Products declined 1%.
Gross margin was 53.1%, down 0.5 points from a year earlier. Operating profit was $152.9M, a 26.3% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 26% margin then. Operating expenses grew 2% against revenue growth of 4%. Net earnings were $140.3M, up 21% year over year. The effective tax rate was 13.6%.
Operating cash flow was $290.8M (up 33% year over year), 207% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $20.6M of share-based compensation. Working capital and other items added $116.9M. Capital expenditures of $5.1M left free cash flow of $285.7M.
Questions
What was Cirrus Logic's revenue in the third quarter fiscal 2026?
Cirrus Logic (CRUS) reported revenue of $581M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before.
Was Cirrus Logic profitable in the third quarter fiscal 2026?
Operating profit was $153M (26.3% of revenue) and net earnings $140M.
Source: Cirrus Logic 10-Q on SEC EDGAR.