CIRRUS LOGIC, INC.

Cirrus Logic reported strong first-quarter fiscal year 2027 results, with net sales increasing by 12.9% to $459.7 million and diluted EPS rising by 28.9% to $1.47. The company saw robust demand for smartphone products and made progress in new technologies for AI-enabled PCs and metrology applications. Additionally, Cirrus Logic entered a new $600 million wafer supply agreement with GlobalFoundries for 2027-2028 and updated its revolving credit facility.

Cirrus Logic, Inc. has filed its Definitive Proxy Statement for the 2026 Annual Meeting of Stockholders, scheduled for July 31, 2026. The meeting will be conducted virtually, allowing all stockholders to participate online. Key agenda items include the election of directors, ratification of Ernst & Young LLP as the independent auditor, an advisory vote on executive compensation, and the approval of an amendment to the Company's 2018 Long Term Incentive Plan. The Board of Directors recommends a vote in favor of all proposals. Proxy materials are being made available electronically.

Cirrus Logic, Inc. filed its annual 10-K report for the fiscal year ended March 28, 2026, reporting an aggregate market value of $5.00 billion for its non-affiliate common equity as of September 27, 2025, with 50,582,893 shares outstanding as of May 19, 2026. The company highlighted its significant customer concentration, with Apple Inc. accounting for approximately 91% of its net sales in fiscal year 2026. Cirrus Logic, a fabless semiconductor company, outlined its strategy to maintain leadership in smartphone audio and expand its high-performance mixed-signal (HPMS) product line, while also detailing risks related to its reliance on a limited number of customers and third-party manufacturing.

Cirrus Logic reported record full fiscal year 2026 revenue of $2.0 billion, a 5% increase year-over-year, with GAAP diluted EPS of $7.85 and non-GAAP diluted EPS of $9.26. The company also announced Q4 FY26 revenue of $448.5 million and provided a positive Q1 FY27 revenue outlook. Additionally, Cirrus Logic entered into a new $350 million senior secured revolving credit facility and returned $280.0 million to shareholders through share repurchases during the year.