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Cirrus Logic’s In-Car Experience Push: Turning Sound and Touch Into a Differentiation Weapon!

Cirrus Logic, Inc. recently reported its financial results for the third quarter of fiscal year 2026, demonstrating strong performance that exceeded market expectations. The company’s revenue reached $580.6 million, surpassing the high end of their guidance range and marking a 4% increase both sequentially and year-over-year. This was largely driven by higher smartphone unit volumes and a favorable mix of end devices. However, the revenue from outside of their largest flagship customer declined due to anticipated pricing reductions and lower general market sales, reflecting a challenge that the company continues to face. The company’s non-GAAP gross margin was reported at 53.1%, slightly up from the previous quarter due to reduced inventory reserves and supply chain efficiencies. However, it faced a year-over-year decline of 50 basis points attributed to expected pricing reductions. Nevertheless, Cirrus Logic has been working diligently on cost reductions to counterbalance these pricing pressures.