In Q2 of fiscal 2027, the quarter ended Sep 26, 2026, Cirrus Logic, Inc. reported revenue of $559.5 million, down 0.3% from the same quarter a year earlier. Net income was $114.7 million, a profit margin of 20.5%. Operating income came to $132.4 million, an operating margin of 23.7%. Diluted earnings per share were $2.23.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.
| Line |
TTM
Sep 26, 2026
|
Q2 FY2027
Sep 26, 2026
|
Q1 FY2027
Jun 27, 2026
|
Q4 FY2026
Mar 28, 2026
|
Q3 FY2026
Dec 27, 2025
|
Q2 FY2026
Sep 27, 2025
|
Q1 FY2026
Jun 28, 2025
|
Q4 FY2025
Mar 29, 2025
|
Q3 FY2025
Dec 28, 2024
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2,048
+5.1%
|
559
-0.3%
|
460
+12.9%
|
449
+5.7%
|
581
+4.5%
|
561
+3.5%
|
407
+8.9%
|
424
+14.2%
|
556
-10.2%
|
| Cost of revenue |
960
+4.9%
|
259
-2.9%
|
218
+12.7%
|
211
+6.7%
|
272
+5.6%
|
267
+2.8%
|
193
+4.4%
|
198
+10.3%
|
258
-14.4%
|
| Gross profit |
1,088
+5.3%
|
301
+2.1%
|
242
+13.0%
|
238
+4.8%
|
308
+3.5%
|
294
+4.2%
|
214
+13.3%
|
227
+17.7%
|
298
-6.2%
|
| Research and development |
459
+7.0%
|
123
+12.1%
|
115
+11.8%
|
107
+3.9%
|
114
+0.5%
|
110
-2.6%
|
103
-2.3%
|
103
+0.0%
|
113
+0.3%
|
| Selling, general and administrative |
169
+9.1%
|
45
+13.3%
|
42
+9.5%
|
40
+6.7%
|
42
+6.7%
|
40
+4.7%
|
39
+5.4%
|
37
+1.4%
|
39
+3.8%
|
| Operating expenses |
628
+7.5%
|
168
+12.4%
|
157
+11.1%
|
147
+4.7%
|
155
+2.1%
|
150
-0.7%
|
142
|
141
+0.4%
|
152
+1.4%
|
| Operating income |
460
+2.5%
|
132
-8.6%
|
84
+16.6%
|
90
+5.1%
|
153
+4.9%
|
145
+9.8%
|
72
+54.7%
|
86
+64.1%
|
146
-13.0%
|
| Interest income |
40
+15.2%
|
10
+11.1%
|
10
+17.7%
|
10
+18.6%
|
9
+13.5%
|
9
+6.7%
|
9
+5.0%
|
9
+16.4%
|
8
+63.2%
|
| Interest expense |
1
+13.3%
|
0
+5.8%
|
0
+48.6%
|
0
+0.0%
|
0
+0.0%
|
0
-0.4%
|
0
+0.0%
|
0
|
0
|
| Other non-operating income (expense) |
-0
+24.4%
|
-0
+1.6%
|
-0
+6.4%
|
-0
-612.7%
|
0
+215.0%
|
-0
-431.6%
|
-0
-124.1%
|
0
+170.5%
|
-0
+36.5%
|
| Pretax income |
499
+3.4%
|
142
-7.4%
|
94
+16.8%
|
100
+6.0%
|
162
+5.7%
|
153
+9.6%
|
81
+42.4%
|
95
+58.6%
|
154
-10.7%
|
| Income tax |
85
-17.1%
|
27
+25.0%
|
17
-13.2%
|
18
-20.9%
|
22
-41.3%
|
22
-42.4%
|
20
+37.4%
|
23
+57.5%
|
38
+12.9%
|
| Net income |
414
+9.0%
|
115
-12.8%
|
77
+26.6%
|
82
+14.8%
|
140
+21.0%
|
132
+28.8%
|
61
+44.2%
|
71
+58.9%
|
116
-16.4%
|
| Basic EPS |
8.19
+12.6%
|
2.30
-10.5%
|
1.52
+29.9%
|
1.62
+19.6%
|
2.75
+25.6%
|
2.57
+33.9%
|
1.17
+48.1%
|
1.35
+62.1%
|
2.19
-14.8%
|
| Diluted EPS |
7.93
+12.7%
|
2.23
-10.1%
|
1.47
+28.9%
|
1.57
+19.7%
|
2.66
+26.1%
|
2.48
+35.5%
|
1.14
+50.0%
|
1.31
+62.5%
|
2.11
-15.6%
|
| Weighted average shares, basic |
51
-3.2%
|
50
-2.5%
|
51
-2.3%
|
51
-4.1%
|
51
-3.9%
|
51
-3.9%
|
52
-3.2%
|
53
-2.0%
|
53
-1.7%
|
| Weighted average shares, diluted |
52
-3.3%
|
51
-3.0%
|
52
-1.8%
|
52
-4.1%
|
53
-4.3%
|
53
-4.9%
|
53
-4.2%
|
54
-2.2%
|
55
-0.9%
|
| Other measures | |||||||||
| Depreciation and amortization |
53
+2.5%
|
14
+7.0%
|
13
-0.1%
|
13
+1.5%
|
13
+2.0%
|
13
+0.7%
|
13
+6.6%
|
13
+9.5%
|
13
+0.7%
|
| EBITDA |
513
+2.5%
|
146
-7.3%
|
98
+14.1%
|
104
+4.6%
|
166
+4.7%
|
157
+9.0%
|
86
+44.7%
|
99
+53.9%
|
159
-12.0%
|
| Interest coverage |
452.34x
|
515.07x
|
260.60x
|
414.20x
|
701.50x
|
595.74x
|
332.08x
|
394.25x
|
668.67x
|
| Margins | |||||||||
| Gross margin |
53.12%
|
53.72%
|
52.61%
|
52.98%
|
53.07%
|
52.48%
|
52.55%
|
53.42%
|
53.58%
|
| Operating margin |
22.46%
|
23.66%
|
18.37%
|
20.13%
|
26.34%
|
25.81%
|
17.78%
|
20.25%
|
26.23%
|
| Pretax margin |
24.35%
|
25.38%
|
20.48%
|
22.35%
|
27.98%
|
27.35%
|
19.80%
|
22.29%
|
27.66%
|
| Profit margin |
20.20%
|
20.51%
|
16.72%
|
18.24%
|
24.17%
|
23.46%
|
14.90%
|
16.79%
|
20.87%
|
| EBITDA margin |
25.05%
|
26.09%
|
21.23%
|
23.11%
|
28.59%
|
28.07%
|
21.01%
|
23.35%
|
28.54%
|
| Effective tax rate |
17.07%
|
19.19%
|
18.38%
|
18.41%
|
13.63%
|
14.21%
|
24.72%
|
24.67%
|
24.53%
|
How these figures are calculated
Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- CRUS (Nasdaq)
- Fiscal year ends
- March 27
- Incorporated in
- DE
- Headquarters
- Austin, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 772406
- Former names
- CIRRUS LOGIC INC (until Jun 13, 2019)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Source: SEC EDGAR filings. This is company-reported data, not investment advice.