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How Cirrus Logic (CRUS) makes money

Cirrus Logic (CRUS) made $559M of revenue in the second quarter fiscal 2027 (Q2 FY27), -0.3% from a year earlier. Audio Products brought in $315M (56%); HPMS Products brought in $245M (44%). Of every dollar of revenue, 54¢ was left as gross profit, 24¢ was left as operating profit, 21¢ was left as net earnings.

Drawing the Sankey…

Cirrus Logic revenue by segment, Q2 FY27Cirrus Logic revenue by segment, Q2 FY27Audio Products$315MHPMS Products$245M
Cirrus Logic: revenue by line, Q4 FY25 to Q2 FY27Cirrus Logic: revenue by line, Q4 FY25 to Q2 FY27Audio ProductsHPMS ProductsAudio Products: $315M latest$315MHPMS Products: $245M latest$245MQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Audio Products went from 60% of revenue in Q4 FY25 to 56% in Q2 FY27, the largest shift in the mix.
Cirrus Logic revenue by quarterCirrus Logic revenue by quarter$424MQ4 FY25$407MQ1 FY26$561MQ2 FY26$581MQ3 FY26$449MQ4 FY26$460MQ1 FY27$559MQ2 FY27
Cirrus Logic: where each dollar of revenue goesCirrus Logic: where each dollar of revenue goesCost of revenue46¢Gross profit54¢Operating expenses30¢Operating profit24¢Income tax5¢Net earnings21¢Operating cash flow9¢Free cash flow8¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Audio Products$315M56.2%+26%-1%
HPMS Products$245M43.8%+16%+0.9%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$559M100.0%
Cost of revenue$259M46.3%
Gross profit$301M53.7%
Operating expenses$168M30.1%
Operating profit$132M23.7%
Income tax$27.2M4.9%
Net earnings$115M20.5%
Operating cash flow$50.9M9.1%
Free cash flow$42.5M7.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$559M-0.3%
Q1 FY27$460M+13%
Q4 FY26$449M+6%
Q3 FY26$581M+4%
Q2 FY26$561M+4%
Q1 FY26$407M+9%
Q4 FY25$424M+14%

From Cirrus Logic's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Cirrus Logic make money?

Cirrus Logic (CRUS) made $559M of revenue in the second quarter fiscal 2027 (Q2 FY27), -0.3% from a year earlier. Audio Products brought in $315M (56%); HPMS Products brought in $245M (44%). Of every dollar of revenue, 54¢ was left as gross profit, 24¢ was left as operating profit, 21¢ was left as net earnings.

What is Cirrus Logic's biggest business?

Audio Products: $315M in the second quarter fiscal 2027, 56% of revenue, -1% from a year earlier.

What is Cirrus Logic's profit margin?

Net earnings were $115M, 20.5% of revenue, in the second quarter fiscal 2027; the operating margin was 23.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.