CRUS Q1 FY2027 earnings: EPS beat by 1.7%, revenue in line
Cirrus Logic reported Q1 FY2027. EPS came in at $1.84 against a $1.81 consensus, beat by 1.7%. Revenue was $459.7M versus $460.3M expected, in line. Gross margin was 52.6%, down 40 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.84 | $1.81 | beat by 1.7% |
| Revenue | $459.7M | $460.3M | in line |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $459.7M | +2.5% | +12.9% |
| Gross profit | $241.9M | +1.8% | +13.0% |
| Operating income | $84.4M | -6.5% | +16.6% |
| Net income | $76.9M | -6.1% | +26.6% |
| Diluted EPS | $1.47 | -5.8% | +28.9% |
| Gross margin: 52.6%. |
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The trend
Revenue is up 12.9% from the same quarter last year. Gross margin sits at 52.6%, 100 bps off its 8-quarter high.
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How it stacks up
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