Cirrus Logic (CRUS) Q2 2026 Earnings Driven by High-End Audio & HPMS Expansion

Summary: CRUS’s Flagship Beat and Diversification Progress

Cirrus Logic (CRUS) reported very strong Fiscal Q2 2026 results (for the September 2025 quarter), confirming its deep integration into the flagship smartphone cycle and showing progress in diversification. Revenue reached a record $561.0 million, landing near the top of guidance and resulting in a significant non-GAAP EPS of $2.83, which comfortably beat the consensus estimate of $2.07

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The beat was primarily fueled by strong volume and content gains in its core Audio business, as a new generation of flagship devices came to market. However, the more strategic insight came from the High-Performance Mixed-Signal (HPMS) segment, which continues to gain momentum in the PC/Laptop market with new power solutions. CRUS is successfully generating high-quality cash flow while expanding its technical reach beyond its primary customer. This performance provides a strong foundation, though future results remain highly seasonal and dependent on the consumer electronics market.