Cirrus Logic Inc (CRUS) Q1 2026 Earnings Report

Revenue for Q1 2026 stood at $407.3 million, a 9% increase year-over-year, indicating a solid recovery trajectory. Gross profit reached $214 million with a gross margin of 52.6%. Operating income was recorded at approximately $94.9 million, translating to an operating margin of 23.3%. Net income finished at $80.3 million with earnings per share (EPS) of $1.51. The balance sheet remained robust, with total assets of $2.29 billion and no debt outstanding, reflecting strong liquidity position with $847.8 million in cash and investments. Trends show a favorable product mix contributing to margin improvements compared to the previous year but costs are expected to stabilize under typical pricing conditions.