Cirrus Logic, Inc. Q4 2026 Earnings Recap

Cirrus Logic’s shares saw little change post-earnings (+0.3%), reflecting a quarter and fiscal year that largely met expectations without notable surprises. Revenue growth driven by smartphones and PCs was offset by cautious outlook commentary and limited incremental margin commentary, leading to a muted market response.

Key Takeaways

• Q4 revenue was $448.5 million, slightly above the midpoint of guidance, supporting full year revenue of $2 billion, up 5% year-over-year.
• Record GAAP and non-GAAP earnings per share were reported for the full fiscal year, reflecting steady operational performance.
• Core smartphone audio business showed sustained demand, benefiting from advanced products with extended lifecycles, though no acceleration was indicated.
• High-performance mixed-signal (HPMS) products, including camera controllers and power management ICs, continued to expand, including new design wins in 3D sensing power solutions.
• PC business contributed strong year-over-year revenue growth driven by multi-segment share gains and broader product portfolio adoption.