Chipmaker secures wafer supply from GlobalFoundries for 2027-2028 after posting record Q1 revenue of $460 million.
Cirrus Logic forecast second-quarter revenue of $510 million to $570 million, aligning with analyst expectations. The guidance follows a record first quarter, where revenue reached $460 million and earnings per share hit $1.47 GAAP and $1.84 non-GAAP.
The company also secured wafer capacity from GlobalFoundries for 2027-2028, ensuring supply chain stability amid ongoing semiconductor demand. Q1 performance exceeded prior-year levels, driven by strong demand in audio and high-performance mixed-signal solutions.
Shares showed muted reaction in after-hours trading as the outlook met consensus estimates.