Cirrus Logic (CRUS) Q4 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:35 PM CDT 28 min read

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Date

Wednesday, May 6, 2026 astatine 5 p.m. ET

Call participants

• Chief Executive Officer — John Forsyth

• Chief Financial Officer — Jeffrey Woolard

• Director, Investor Relations — Chelsea Heffernan

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Full Conference Call Transcript

Chelsea Heffernan: Thank you, and bully afternoon. Joining maine connected today's telephone is John Forsyth, Cirrus Logic's Chief Executive Officer; and Jeff Woolard, our Chief Financial Officer. Today, astatine astir 4:00 p.m. Eastern Time, we announced our fiscal results for the 4th fourth and afloat fiscal twelvemonth 2026. The shareholder missive discussing our fiscal results, the net property merchandise and the webcast of this Q&A league are each disposable astatine the company's Investor Relations website. This telephone volition diagnostic questions from the analysts covering our company. Additionally, the results and guidance we volition sermon connected this telephone volition see non-GAAP fiscal measures that exclude definite items.

Reconciliations of these non-GAAP measures to their astir straight comparable GAAP measures are included successful our net merchandise and are each disposable connected the company's Investor Relations website. Please enactment that during this session, we whitethorn marque projections and different forward-looking statements that are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially from projections. By providing this information, the institution expressly disclaims immoderate work to update oregon revise immoderate projections oregon forward-looking statements, whether arsenic a effect of caller developments oregon otherwise.

Please notation to the property merchandise and the shareholder missive issued today, which are disposable connected the Cirrus Logic website and the latest Form 10-K arsenic good arsenic different firm filings registered with the Securities and Exchange Commission for further treatment of our hazard factors that could origin existent results to disagree materially from existent expectations. Now I'd similar to crook the telephone implicit to John.

John Forsyth: Thank you, Chelsea. Good afternoon, everyone, and convey you for joining today's call. As you person seen successful the property release, successful the March quarter, Cirrus Logic delivered gross of $448.5 million, supra the midpoint of our guidance range. For the afloat fiscal twelvemonth 2026, Cirrus Logic delivered grounds gross of $2 billion, up 5% from the anterior year, driven by request for components shipping into smartphones arsenic good arsenic higher PC sales. We're besides pleased to person delivered grounds GAAP and non-GAAP net per stock for the afloat fiscal year. In a moment, I'll manus the telephone implicit to Jeff to locomotion america done the fiscal results for the March 4th and the afloat fiscal twelvemonth successful greater detail.