Cirrus Logic, Inc. filed its Form 10-Q for the quarterly period ended September 26, 2026, with the SEC on November 4, 2026, reporting second-quarter and first-half fiscal results alongside balance sheet and cash flow data.

Key Highlights

  • Q2 net sales: $559,462 thousand for the three months ended September 26, 2026, compared with $560,960 thousand in the prior-year quarter.
  • Q2 net income: $114,739 thousand, or $2.23 diluted earnings per share, versus $131,596 thousand, or $2.48 diluted EPS, a year earlier.
  • Six-month net sales: $1,019,185 thousand for the six months ended September 26, 2026, up from $968,232 thousand in the comparable prior-year period.
  • Stock repurchases: $159,998 thousand in common stock was repurchased and retired during the six months ended September 26, 2026.
  • Cash position: Cash and cash equivalents stood at $720,124 thousand as of September 26, 2026, down from $800,930 thousand at March 28, 2026.
  • Total assets: $2,589,407 thousand as of September 26, 2026, compared with $2,489,374 thousand at March 28, 2026.
  • Shares outstanding: 49,862,052 shares of common stock as of November 2, 2026.

Cirrus Logic Second-Quarter Fiscal 2027 Financial Results

According to the filing, Cirrus Logic (NASDAQ:CRUS) reported net sales of $559,462 thousand for the three months ended September 26, 2026, essentially flat compared with $560,960 thousand in the same quarter of the prior fiscal year. Gross profit for the quarter was $300,553 thousand, up from $294,374 thousand a year earlier. Total operating expenses increased to $168,181 thousand from $149,610 thousand, driven by research and development spending of $123,341 thousand and selling, general and administrative costs of $44,840 thousand.

The company disclosed income from operations of $132,372 thousand for the second quarter, compared with $144,764 thousand in the prior-year period. After interest income of $9,929 thousand and a provision for income taxes of $27,243 thousand, net income came to $114,739 thousand, or $2.23 on a diluted per-share basis. For the six months ended September 26, 2026, the filing reported net income of $191,590 thousand, or $3.69 diluted earnings per share, compared with $192,293 thousand, or $3.61 diluted EPS, in the prior-year six-month period.

On the balance sheet, total stockholders' equity was $2,192,168 thousand as of September 26, 2026, up from $2,127,996 thousand at March 28, 2026. Accumulated earnings rose to $211,034 thousand from $184,881 thousand over the same span. The cash flow statement showed net cash provided by operating activities of $115,034 thousand for the six-month period, compared with $208,345 thousand a year earlier, with the decline attributed in part to changes in accounts receivable and inventories. The company also disclosed debt issuance costs of $2,057 thousand during the period, a line absent from the prior-year comparable statement.

What Was Disclosed

Cirrus Logic filed its quarterly report covering the three and six months ended September 26, 2026, disclosing income statements, balance sheets, cash flow statements, and stockholders' equity data, along with $159,998 thousand in common stock repurchases during the first half of fiscal 2027.