Cirrus Logic, Inc. filed a Form 8-K with the SEC on November 4, 2026, announcing its second quarter fiscal year 2027 financial results and a new $500 million share repurchase authorization approved by the Board of Directors on October 26, 2026.

Key Highlights

  • New repurchase authorization: The Board of Directors authorized the repurchase of up to an additional $500 million of the company's common stock, as announced November 4, 2026.
  • Prior authorization remaining: At the end of the second quarter of fiscal year 2027, the company had $114.1 million remaining under its March 2025 repurchase authorization.
  • Post-quarter buyback activity: Subsequent to the second quarter of fiscal year 2027, the company utilized $18.6 million under a 10b5-1 trading plan.
  • Q2 FY2027 results announced: A press release and shareholder letter summarizing second quarter fiscal year 2027 financial results were issued and posted to the company's website on November 4, 2026.
  • Non-GAAP disclosures: The company provided non-GAAP financial measures including non-GAAP net income, diluted earnings per share, operating income, gross margin, free cash flow, and effective tax rate, with a reconciliation included in the press release.
  • Signing officer: The filing was signed by Jeff Woolard, Chief Financial Officer.

Cirrus Logic Discloses Q2 FY2027 Earnings and Expanded Share Repurchase Program

According to the filing, Cirrus Logic, Inc. (NASDAQ:CRUS) issued a press release on November 4, 2026, announcing financial results for its second quarter of fiscal year 2027. In addition to the press release, the company posted a shareholder letter to its website summarizing those results. The full texts of both the press release and the shareholder letter were furnished as exhibits to the Current Report.

The filing disclosed that on October 26, 2026, the Board of Directors authorized the repurchase of up to an additional $500 million of the company's common stock. The company reported that $114.1 million remained under its prior March 2025 repurchase authorization at the end of the second quarter of fiscal year 2027. The filing further stated that subsequent to the close of that quarter, the company utilized $18.6 million under a 10b5-1 trading plan.

Regarding the mechanics of the program, the filing stated that "repurchases are expected to be funded from working capital and anticipated cash flow from operations and may occur from time to time depending on a variety of factors, general market and economic conditions and other corporate considerations." The filing also noted that "the Company is not obligated to repurchase any specific amount of shares, and repurchases may be suspended or discontinued at any time without notice." The filing contains forward-looking statements and cautionary language identifying factors that could cause actual results to differ materially from those anticipated, according to the registrant.

What Was Disclosed

Cirrus Logic filed an 8-K on November 4, 2026, covering its Q2 fiscal year 2027 financial results, a new $500 million share repurchase authorization dated October 26, 2026, $114.1 million remaining under a prior authorization, and $18.6 million utilized post-quarter under a 10b5-1 plan.