Cirrus Logic Reports Strong Q3 Earnings, Sees Continued PC Growth

Chip maker highlights smartphone demand, progress in PCs and other markets as part of diversification strategy.

Feb. 6, 2026 at 9:31am

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Cirrus Logic, a leading semiconductor company, reported strong fiscal third-quarter 2026 results, with revenue and earnings exceeding guidance due to stronger-than-expected smartphone demand and favorable product mix. The company also outlined progress in PCs and other 'general market' categories as part of its longer-term diversification strategy.

Why it matters

Cirrus Logic's results and outlook provide insights into the broader semiconductor industry, particularly the demand dynamics in the smartphone and PC markets. The company's efforts to diversify beyond its reliance on a single major customer reflect an industry-wide trend of semiconductor firms seeking to reduce concentration risk.

The details

Cirrus Logic reported revenue of $580.6 million, above the top end of its guidance range, driven by 'stronger-than-anticipated demand for components shipping into smartphones and a favorable mix of end devices.' The company delivered record GAAP and non-GAAP earnings per share for the quarter. On the profitability front, non-GAAP gross margin increased 60 basis points sequentially, while non-GAAP operating income was $175.1 million, or 30.2% of revenue.

  • Cirrus Logic reported its fiscal third-quarter 2026 results on February 6, 2026.

The players

Cirrus Logic, Inc.

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.

Thurman 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

Cirrus Logic expects to provide further updates on its diversification efforts and PC market progress in future earnings reports.

The takeaway

Cirrus Logic's strong quarterly performance and continued focus on diversifying its revenue streams beyond its reliance on a single major customer highlight the company's resilience and adaptability in a dynamic semiconductor market.