Cirrus Logic stock beats Q2 forecasts as buyback expands

Published on 11/05/2026 at 01:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cirrus Logic stock beat fiscal second-quarter forecasts on revenue and adjusted earnings. The board also expanded its buyback authorization.

Cirrus Logic reports quarterly beat

Cirrus Logic exceeded analyst revenue and adjusted earnings expectations for fiscal second quarter 2027.
The board authorized an additional 500 million US-dollar share repurchase program.

CRUS, US1727551004, Illustration mit AI erstellt.

Cirrus Logic reported fiscal second-quarter 2027 revenue of 559.5 million US dollars and adjusted earnings of 2.70 US dollars per share for the period ended September 26, according to Nasdaq. Revenue exceeded the 540.6 million US-dollar analyst estimate cited by the Associated Press, while adjusted earnings topped the 2.44 US-dollar consensus.

Guidance and capital returns

For the quarter ending in December, Cirrus Logic expects revenue between 510 million and 570 million US dollars. GAAP earnings per share were 2.23 US dollars, compared with 2.48 US dollars a year earlier, while revenue was broadly flat year over year.

The board authorized an additional 500 million US dollars for common-stock repurchases on October 26. The company said the program is expected to be funded from working capital and anticipated operating cash flow.

Late-session trading

Cirrus Logic stock traded at 96.77 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 4. The real-time quote of Cirrus Logic stock is available on the company snapshot page.

U.S. semiconductor shares remain sensitive to demand expectations in smartphones, personal computers and other electronics markets. Investors will next focus on the December-quarter revenue range and management commentary on product demand.