CRUS

Cirrus Logic, Inc. (CRUS) Q2 2027 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the second quarter of fiscal year 2027, which ended September 26, 2026, as well as the company's current business outlook. “Cirrus Logic delivered solid results in the September quarter primarily driven by strong demand and increased content shipping into smartphones,” said John Forsyth, Cirrus Logic pres.

Cirrus Logic (CRUS) acquires INVENTVM, a small Italian fabless semiconductor firm, to expand engineering talent and IP for diversification. The acquisition is a low-risk, strategic tuck-in, consistent with CRUS's M&A history and supported by $1.2bn in cash and no debt. INVENTVM brings expertise in mixed-signal power management, audio ICs, and access to European markets, bolstering CRUS's growth pipeline.

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) will post its second quarter fiscal year 2027 financial results and business outlook on the Investor Relations area of its website on Wednesday, November 4, at approximately 4 p.m. ET.Cirrus Logic will host a live Q&A webcast session at 5 p.m. ET that same day to answer questions related to its financial results and business outlook. A replay of the Q&A session will be available on the website listed above.About Cirrus Log.

CRUS is navigating pricing cuts and supply-chain costs while preserving its long-term margin outlook and securing future wafer capacity.

Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?

Cirrus Logic, Inc. faces near-term headwinds in PC and smartphone markets due to memory chip pricing pressures, impacting growth and margins. I'm reiterating a Hold rating on CRUS with a $125/share price target, reflecting balanced risks and a 9.25x eFY29 EV/aEBITDA multiple. CRUS is pivoting toward smart metering and data center power technologies, aiming to offset potential headwinds the device market.

CRUS posted record fiscal Q1 results as strong demand and a robust pipeline support growth across audio and HPMS.

Cirrus Logic's 12.2% monthly slide lowers the entry price, but softer PC growth, margin pressure and weak EPS expectations keep the setup cautious.

Cirrus Logic's low valuation and strong smartphone execution offer support, but weaker earnings expectations and customer concentration favor patience.