Key Highlights

● Cirrus Logic acquired INVENTVM, an Italian fabless mixed-signal power management and audio chip company.

● Fiscal first-quarter revenue was a record $459.7 million, up roughly 12.9% year on year.

● September-quarter revenue is guided to $510 million to $570 million.

● Cash and marketable securities totalled about $1.17 billion; repurchases were $31.5 million.

Latest verified development

Cirrus Logic Inc. (NASDAQ:CRUS) announced on 6 October 2026 that it has acquired INVENTVM, a fabless semiconductor company based in Pavia, Italy, that specialises in mixed-signal power management and audio integrated circuits. The financial terms were not disclosed, and the release gives no separate closing date. Cirrus Logic said the transaction will not have a material impact on its revenue.

Chief executive John Forsyth said the deal directly adds innovative intellectual property, expands engineering capacity and increases talent depth. The company also said it plans to expand further in the region. With no price given, the size of the commitment is not yet known, and the earnings effect should emerge in later filings.

S&P Dow Jones Indices announced in September 2016 that Cirrus Logic would join the S&P MidCap 400.

Latest reported results

The most recent earnings came on 5 August 2026, when Cirrus Logic reported record fiscal first-quarter revenue of $459.7 million for the quarter ended 27 June, against $407.3 million a year earlier, a rise of roughly 12.9%. Gross margin was 52.6% on a GAAP basis and 52.7% non-GAAP. Diluted earnings per share were $1.47 GAAP and $1.84 non-GAAP, a gap of $0.37 per share.

Cash and cash equivalents were $810.7 million, alongside $80.6 million of current and $276.1 million of long-term marketable securities, together about $1.17 billion. Share repurchases were $31.5 million, compared with $100.0 million a year earlier, so capital return was lighter than in the comparable period.

Guidance for the September quarter

For the fiscal second quarter, management guided revenue of $510 million to $570 million, GAAP gross margin of 52% to 54% and non-GAAP operating expenses of $140 million to $146 million. The midpoint of the revenue range, $540 million, would sit about 17% above the June-quarter figure.

The revenue range is $60 million wide from bottom to top, a sign that the company's quarterly revenue can move materially. Operating expenses are a second guided line, and a range of $140 million to $146 million is narrow relative to the revenue range, which makes any departure from it easy to spot when results are published.

INVENTVM, buybacks and the guided range

The fiscal second-quarter report will cover the period to late September, and it will show whether revenue lands inside the guided range and whether gross margin stays between 52% and 54%.

The next filing is also likely to be where INVENTVM's purchase accounting and integration costs are first disclosed, including how any acquisition costs show up in operating expenses.

Cash and securities of about $1.17 billion give management flexibility on buybacks and further deals, set against $31.5 million of repurchases in the June quarter, down from $100.0 million a year earlier.