Cirrus Logic Reports Q2 2027 Revenue Growth Driven by Smartphone Volume
Cirrus Logic (CRUS) reported second-quarter revenue of $559.5 million, representing a 22% sequential increase despite remaining flat year-over-year. The growth was primarily driven by higher smartphone unit volumes and increased content gains in flagship devices. However, the company faced headwinds in its audio segment, which saw revenue decline slightly compared to the previous year. While gross margins improved sequentially to 53.8% due to lower wafer costs, management warned of upcoming pressure as temporary cost benefits from GlobalFoundries expire. Looking ahead, Q3 revenue guidance is set between $510 million and $570 million. The company continues to invest heavily in R&D for next-generation camera controllers and AI PC smart codecs, even as component shortages weigh on broader PC market demand.
Topics: EPS Gross Margin Guidance Revenue Share Repurchases
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