CRUS news

Cirrus Logic reported Q2 fiscal 2027 revenue of $559.5 million, meeting guidance expectations. The company announced a new $500 million stock repurchase program and provided revenue outlook for the upcoming third quarter.

Cirrus Logic announced the acquisition of INVENTVM, a fabless company specializing in power management and audio ICs, to accelerate product development and expand its footprint globally. The transaction's financial terms were not disclosed and are not expected to materially impact revenue.

Cirrus Logic posted record first quarter revenue and non-GAAP earnings per share as demand for custom components in smartphones was strong. The company raised its outlook for the second quarter, expecting revenue between $510 million and $570 million.