The strong earnings beat and raised guidance (13% YoY growth at midpoint) should drive share price up in near term. However, high customer concentration (91%) and tariff risks warrant caution. Monitor Q1 FY27 results and any updates on smartphone cycle.
Price Chart
Executive Summary
Cirrus Logic reported Q4 FY26 revenue of $448.5M (up 6% YoY) and non-GAAP EPS of $1.95, beating consensus of $1.42 by 37%. Full FY26 revenue was a record $2.0B, with non-GAAP EPS of $9.26. The company also entered into a new $350M senior secured revolving credit facility maturing 2031, replacing the prior facility. Q1 FY27 revenue guidance of $430M-$490M implies 13% YoY growth at the midpoint.
Key Financial Metrics
Key Facts
- Q4 FY26 revenue $448.5M, up 6% YoY; GAAP EPS $1.56, non-GAAP EPS $1.95
- Full FY26 revenue $2.0B (+5% YoY), record; non-GAAP EPS $9.26 (+23% YoY)
- Q1 FY27 revenue guidance $430M-$490M (midpoint $460M, +13% YoY); gross margin 51%-53%
- New $350M senior secured revolving credit facility, maturity May 4, 2031, undrawn at closing
- Cash and investments $1.2B, no debt; operating cash flow $650.6M for FY26
- Share repurchases of $280M in FY26 (2.5M shares at avg $113.91); $274.1M remaining authorization
- Customer concentration: one customer ~91% of FY26 revenue
Financial Impact
Non-GAAP EPS beat of $0.53 (37% above consensus) and strong guidance imply positive stock reaction. Revenue growth 6% YoY with improving margins.
Risk Factors
- Customer concentration (~91% revenue from one customer) creates single-point-of-failure risk
- Tariff and trade policy changes could impact supply chain and costs
- Seasonal smartphone demand could cause sequential revenue declines
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000772406-26-000012 |
| Document: shareholderletter_fullyear.htm | 0000772406-26-000012 |
| Document: pressrelease_fullyear.htm | 0000772406-26-000012 |
| Document: crus-20260504.htm | 0000772406-26-000012 |
| Document: 0000772406-26-000012-index-headers.html | 0000772406-26-000012 |
| Document: 0000772406-26-000012-index.html | 0000772406-26-000012 |
| Document: 0000772406-26-000012.txt | 0000772406-26-000012 |
| 8-K Data (Synthetic) | 0000772406-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Institutional Cluster | $119.87 $116.34 | ▼ −2.94% | ▼ −1.42% | $121.17 (+1.08%) |
Aug 5, 2026 8w ago | 8-K | $123.51 $113.13 | ▼ −8.40% | ▼ −9.00% | $121.17 (−1.89%) |
Jul 2, 2026 13w ago | Insider Cluster | $146.24 $131.86 | ▼ −9.83% | ▼ −9.42% | $121.17 (−17.14%) |
Jun 30, 2026 13w ago | Insider Cluster | $146.42 $134.07 | ▼ −8.43% | ▼ −6.25% | $121.17 (−17.24%) |
Jun 2, 2026 17w ago | Insider Cluster | $178.90 $146.24 | ▼ −18.26% | ▼ −17.26% | $121.17 (−32.27%) |
May 26, 2026 18w ago | Insider Cluster | $173.59 $153.98 | ▼ −11.30% | ▼ −9.40% | $121.17 (−30.20%) |
May 21, 2026 19w ago | 144 | $171.17 $160.00 | ▼ −6.53% | ▼ −5.11% | $121.17 (−29.21%) |
May 6, 2026 21w ago | 8-K | $171.68 $178.90 | ▲ +4.21% | ▲ +1.07% | $121.17 (−29.42%) |
US Market Status
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