CIRRUS LOGIC, INC. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Cirrus Logic reported Q2 FY27 revenue of $559.5 million (flat YoY, +22% QoQ) with GAAP EPS $2.23 and non-GAAP EPS $2.70. The company completed acquisition of INVENTVM (fabless semiconductor company in mixed-signal power management and audio ICs) and announced Board authorization for $500 million additional share repurchase. Q3 guidance: revenue $510–$570M, gross margin 51–53%. During Q2, repurchased 991,983 shares at $126.51 average; $114.1M remained in prior authorization.
Why this rating
Q2 results in line with prior guidance; acquisition adds engineering capacity but valuation not disclosed; $500M buyback (~10% of market cap) is shareholder return, not growth. Moderate event—ordinary quarterly reporting with routine M&A and capital allocation.
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