Cirrus Logic Beats Estimates on Revenue and Earnings

Procurement and finance teams tracking semiconductor suppliers should note the company's December-quarter revenue guidance.

Updated on Nov. 4, 2026 in Corporate Finance

Cirrus Logic Beats Estimates on Revenue and Earnings

Austin, Texas-based Cirrus Logic reported fiscal second-quarter net income of $114.7 million, or $2.23 per share, on revenue of $559.5 million. The company's results matter to operators in the semiconductor supply chain and to Texas-based firms tracking the sector's performance.

Why it matters

Cirrus Logic's adjusted earnings of $2.70 per share, which exclude one-time gains and costs, came in above the $2.44 analyst average, while revenue also beat the $540.6 million estimate from four analysts surveyed by Zacks. For operators, the gap between GAAP and adjusted results signals that one-time items materially shaped the headline figure.

Cirrus Logic reported fiscal second-quarter revenue of $559.5 million, above the $540.6 million estimate from four analysts surveyed by Zacks. Adjusted earnings of $2.70 per share exceeded the $2.44 analyst average, while GAAP net income per share was $2.23.

The players

Cirrus Logic

Austin, Texas-based semiconductor company that designs audio and mixed-signal chips for consumer and mobile devices.

Zacks

Independent equity research firm whose analyst surveys are widely used as a benchmark for quarterly earnings and revenue expectations.

The details

Adjusted earnings strip out one-time gains and costs to show the recurring performance of the business, so the gap between the $2.23 GAAP figure and the $2.70 adjusted figure reflects items that were not part of ongoing operations. Revenue guidance for the December quarter of $510 million to $570 million gives operators a range to benchmark against, and the width of that range indicates the company sees meaningful uncertainty in near-term demand. Companies that supply or buy from semiconductor makers can use guidance ranges like this one to adjust their own procurement and inventory planning.

Fiscal second-quarter results were reported on November 4, 2026.
The December 2026 quarter, for which Cirrus Logic guided revenue of $510 million to $570 million, closes at the end of December.

Market Landscape

Cirrus Logic's beat against the Zacks-surveyed consensus places it above the benchmark that analysts set for the quarter. Operators comparing supplier performance can use these consensus figures as a reference point for judging whether a company is outperforming or underperforming expectations.

Operators who buy from or sell to semiconductor suppliers should factor Cirrus Logic's guided December-quarter revenue range of $510 million to $570 million into near-term supply and demand planning. Procurement and finance teams should also track the gap between GAAP and adjusted figures when comparing supplier performance across reporting periods.

The takeaway

The widening distance between GAAP and adjusted earnings is a signal to read the full filing before relying on headline numbers. Finance teams tracking semiconductor suppliers should note Cirrus Logic's December-quarter guidance range when updating their own forecasts.