Cirrus Logic Delivers Record Q3 Earnings, Sees Continued PC Momentum

Semiconductor firm highlights strong smartphone demand, progress in PCs and other markets as part of diversification strategy.

Feb. 3, 2026 at 6:47pm

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Cirrus Logic, a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions, reported outstanding results for its fiscal third quarter of 2026. The company delivered record GAAP and non-GAAP earnings per share, driven by stronger-than-anticipated demand for components in smartphones and a favorable product mix. Cirrus Logic also outlined progress in PCs and other 'general market' categories as part of its longer-term diversification strategy.

Why it matters

Cirrus Logic's performance highlights the continued strength in the smartphone market, despite broader economic headwinds. The company's ability to diversify its revenue streams beyond its largest customer and into new markets like PCs is also a positive sign, as it works to reduce concentration risk and drive sustainable growth.

The details

Cirrus Logic reported revenue of $580.6 million for the quarter, topping its guidance range. This was driven by stronger-than-expected demand for smartphone components and a favorable product mix. The company also delivered record non-GAAP earnings per share of $2.97. On the profitability front, non-GAAP gross margin increased 60 basis points sequentially to 53.1%, driven by a reduction in inventory reserves and supply chain efficiencies. Non-GAAP operating expenses rose $5.3 million sequentially due to higher employee-related costs, partially offset by lower product development expenses.

  • Cirrus Logic reported its fiscal third-quarter 2026 results on February 3, 2026.

The players

Cirrus Logic

A fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions, headquartered in Austin, Texas.

John Forsyth

Chief Executive Officer of Cirrus Logic.

Jeff Woolard

Chief Financial Officer of Cirrus Logic.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

What’s next

The company provided guidance for its fiscal fourth quarter of 2026, expecting revenue in the range of $410 million to $470 million. Cirrus Logic also reiterated its focus on maintaining leadership in flagship smartphone audio, expanding high-performance mixed-signal content in smartphones, and leveraging its expertise in new markets like PCs and automotive.

The takeaway

Cirrus Logic's strong third-quarter performance and continued progress in diversifying its revenue streams beyond its largest smartphone customer highlight the company's ability to navigate industry challenges and position itself for long-term growth. The company's investments in new markets like PCs and automotive suggest it is well-positioned to capitalize on emerging opportunities and reduce its reliance on any single customer or market segment.