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Cirrus Logic, Inc. (CRUS) stock

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NASDAQ: CRUS Nasdaq Semiconductors Next results ~November 4, 2026

B Fundamentals grade

Cirrus Logic designs low-power, high-precision mixed-signal semiconductors for mobile and consumer devices, organised into two product lines. Its Audio range comprises amplifiers, codecs and smart codecs, analogue-to-digital and digital-to-analogue converters, and standalone digital signal processors, plus SoundClear software and algorithms. Its high-performance mixed-signal (HPMS) range covers camera controllers for autofocus and optical image stabilisation, haptic and sensing solutions, and battery and power ICs. These parts feature in smartphones, PCs, tablets, AR/VR headsets, wearables, home-theatre and automotive systems.

The company sells worldwide to large electronics manufacturers through its own sales offices, representatives and distributors, earning its revenue from these component sales. It is fabless, outsourcing wafer fabrication to foundries including GlobalFoundries and TSMC. In fiscal 2026 its ten largest end customers made up about 96 per cent of net sales, with Apple alone at roughly 91 per cent.

It operates as a single reportable segment covering the Audio and HPMS lines. Incorporated in California in 1984 and public since 1989, Cirrus Logic is based in Austin, Texas, with offices in the United Kingdom, Taiwan, China, South Korea, Japan and Singapore, and held about 4,340 patents worldwide as of March 2026.

Based on Cirrus Logic, Inc.'s 10-K filed May 21, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$180

Cash-flow model

Base case. Range ~$140–$240 across our lower- and higher-growth cases (0.1%–10.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 63% above it.

Price used: $113.03, November 3, 2026

Cirrus Logic, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds321 adding, 208 cuttingOf 65 active managers that changed their stake, 38 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Cirrus Logic files

Where Cirrus Logic stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.05bn, up 6.2% on a year earlier, faster than 5.3% a quarter earlier. That puts it 27 of 33 for growth among the semiconductor companies we cover. Free-cash-flow margin rose to 27.9% from 23.7% a year earlier. The diluted share count is down 3.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $188 a share, against a share price of $110. At that price, our model says the market is pricing in cash flow shrinking about 5.1% a year for five years, slower than the 2.8% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Cirrus Logic, Inc.'s trailing-twelve-month revenue grew 6.2% year on year, with a free-cash-flow margin of 27.9%. Where it stands out: change in share count of -3.8% ranks 4 of 72 semiconductor companies we cover.

Our discounted-cash-flow model values the business at ~$180 per share in the base case (~$140–$240 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net margin expanding: TTM net margin reached 21.0%, up 2.9pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $111.48 is 66% below our value per share of $180.
  • Strong cash generation. 27.9% of revenue turned into free cash flow, against a median of 9.6% for semiconductor companies we cover.
  • Shrinking share count. Diluted shares fell 3.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.8bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Insiders selling. 7 insiders sold $13M of stock over the past 365 days and none bought (92% under pre-set trading plans).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 7.8% over 90 days.

Latest results: FY2027 Q1

Filed August 5, 2026
Earnings per share
$1.84 against an average estimate of $1.81: beat by 1.4%
Revenue
$460m, up 12.9% on a year earlier
Share reaction
-7.5% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
revenue $510m to $570m (Second Quarter FY27); GAAP gross margin 52% to 54% (Second Quarter FY27)
Next report
November 4, 2026; average EPS estimate $2.42

Cirrus Logic's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week-1.1%
  • 1 month-6.7%
  • This year-5.9%
  • 1 year-13.9%
  • 5 years+43.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2B
Operating margin
23.0%
Net margin
21.0%
EPS (TTM, diluted)
$8.19

Growth

Revenue growth
+6.2%
Change in growth rate
+0.9 pts
Share count change
−3.8%

Cash

Free cash flow (TTM)
$571M
FCF margin
27.9%
Stock pay % of revenue
4.0%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Deal
  4. Announcement
  5. Announcement
  6. Results
  7. Guidance
  8. Shareholder vote
  9. Announcement
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cirrus Logic, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 5.3% a year for five years.That is slower than the 2.8% a year revenue growth Cirrus Logic has delivered.

  • Priced in-5.3%
  • Last 12 months6.2%
  • 3 years a year4.0%
  • 5 years a year2.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($113.07, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$180
Price used
$113.07close November 3, 2026
Implied change
▲ +63%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Cirrus Logic, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($453M, FY2027 Q1 TTM), growing 0.3% and 4.8% in the next two years (forecasts, guidance and its record), then back to 5.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$240 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cirrus Logic, Inc.'s free cash flow after stock-based pay ( $453M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cirrus Logic, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.45 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$180 ~$140–$240 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$130 ~$120–$230 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$88 ~$63–$120 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$76 ~$68–$86 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$130 ~$76–$180 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cirrus Logic, Inc. with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▲ +17%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $145$191$253$333$438$574
8.5% $115$148$192$250$325$422
10% $97$122$156$201$258$331

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$34.47$60.06$40.63$42.07$61.92$83.01$87.69$105.59$92.56$99.51$143.39$111.48
Market value$2.3bn$4.0bn$2.7bn$2.6bn$3.7bn$5.0bn$5.2bn$6.0bn$5.2bn$5.5bn$7.6bn$5.9bn
+ Net debt (− = net cash)−$8m−$291m−$236m−$216m−$292m−$442m−$370m−$446m−$503m−$540m−$801m−$811m
Enterprise value$2.3bn$3.7bn$2.4bn$2.4bn$3.5bn$4.5bn$4.8bn$5.6bn$4.7bn$5.0bn$6.8bn$5.1bn
Multiples
Price / sales 1.9x2.6x1.7x2.2x2.9x3.6x2.9x3.2x2.9x2.9x3.8x2.9x
Price / earnings 18.4x15.3x16.5x28.8x23.5x22.9x15.9x34.2x18.9x16.6x18.3x13.6x
Price / free cash flow 21.2x12.2x10.2x14.8x13.4x15.1x52.6x19.8x13.5x13.0x11.9x10.2x
EV / EBITDA 9.5x9.7x7.1x13.1x14.3x16.0x11.2x17.5x12.0x10.7x13.2x9.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

87 /100

Strong moat

How hard Cirrus Logic's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 35.5% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 51.2%, moving by 1.3 percentage points (standard deviation) across 10 years.

  • Durability 13 / 20

    Operating margin has been a median 18.6%; its worst year was 9.5%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 10 of 10 years, at a median 18.7% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 12.2% over five years; stock-based pay has been a median 4.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $540m and EPS of $2.42 (range $2.40 to $2.43) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.42 −9% $2.0bn +1%
Next $8.71 +4% $2.1bn +4%

Next year's EPS estimate has moved −7.8% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.7% on 90 days ago. In the last 30 days, 1 analyst raised Cirrus Logic, Inc.'s forecast and 4 cut it.

Consensus EPS forecast Cirrus Logic, Inc., last 90 days
$8.00 $8.50 $9.00 $9.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.83 Current fiscal year, 60 days ago: $8.43 Current fiscal year, 30 days ago: $8.43 Current fiscal year, 7 days ago: $8.43 Current fiscal year, Now: $8.42 $8.42 Next fiscal year, 90 days ago: $9.45 Next fiscal year, 60 days ago: $8.90 Next fiscal year, 30 days ago: $8.90 Next fiscal year, 7 days ago: $8.90 Next fiscal year, Now: $8.71 $8.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.83$9.45
60 days ago $8.43$8.90
30 days ago $8.43$8.90
7 days ago $8.43$8.90
Now $8.42$8.71

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.81 $1.84 +1.4%
Mar 2026 $1.76 $1.95 +10.7%
Dec 2025 $2.44 $2.97 +21.9%
Sept 2025 $2.38 $2.83 +19.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Revenue Second Quarter FY27 $510m to $570m
    “Revenue is expected to range between $510 million and $570 million;” source
  • GAAP gross margin Second Quarter FY27 52% to 54% GAAP
    “GAAP gross margin is forecasted to be between 52 percent and 54 percent;” source
  • Combined GAAP R&D and SG&A expenses Second Quarter FY27 $163m to $169m GAAP
    “Combined GAAP R&D and SG&A expenses are anticipated to range between $163 million and $169 million, including approximately $21 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $140 million and $146 million.” source
  • non-GAAP operating expense Second Quarter FY27 $140m to $146m Non-GAAP
    “Combined GAAP R&D and SG&A expenses are anticipated to range between $163 million and $169 million, including approximately $21 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $140 million and $146 million.” source
  • stock-based compensation expense Second Quarter FY27 about $21m
    “Combined GAAP R&D and SG&A expenses are anticipated to range between $163 million and $169 million, including approximately $21 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $140 million and $146 million.” source
  • amortization of acquisition intangibles Second Quarter FY27 about $2m
    “Combined GAAP R&D and SG&A expenses are anticipated to range between $163 million and $169 million, including approximately $21 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $140 million and $146 million.” source

How earlier guidance turned out

  • GAAP gross margin, First Quarter FY27 guided 51% to 53% Within range: 52.608854%
  • Revenue, First Quarter FY27 guided $430m to $490m Within range: $460m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Cirrus Logic, Inc.'s revenue by +0.3% next year and +4.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-0.7%, weight 51%) , management guidance (-3.7%, weight 21%) and the company's own record (+5.1%, weight 28%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy240%
Hold240%
Sell120%

Monthly trend

  1. Oct 20262215
  2. Sep 2026325
  3. Aug 2026325
  4. Jul 2026325

Counts of recommendations published by analysts covering Cirrus Logic, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.9%
of tradable shares
Days to cover
4.75
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
1,651
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −16.0%

$132.65 on October 31, 2025 to $111.48

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.0bn +6.2%
Net margin 18.1% 21.0% +15.7%
P/E multiple 20.7x 13.6x −34.3%
Share count 55m 53m +3.9%

Biggest factor: p/e multiple.

Last 3 years +58.0%

$70.56 on November 3, 2023 to $111.48

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.0bn +12.6%
Net margin 8.4% 21.0% +150.7%
P/E multiple 26.3x 13.6x −48.3%
Share count 57m 53m +8.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CRUS+12%−19%+12%+20%+19%−6%
Industry peers (median)+36%−39%+16%−15%+16%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CRUS50%25%58%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CRUS−29%−32%−40%−32%−31%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 56% from June 8, 2017 to January 3, 2019. Getting back needed a 127% gain, reached on November 1, 2019, 302 days after the low.

Price behaviour

52-week range
$106.33 – $178.90
From 52-week high
−37.7%
vs 50-day average
−2.3%
vs 200-day average
−19.7%
Volatility (1 year)
36%
Beta vs S&P 500
0.99

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.4%
After a week
8 up, 4 down
typical move ±9.1%
After a month
8 up, 4 down
typical move ±11.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −7.5% −0.4% −8.8% −15.3%
May 6, 2026 +0.3% +1.1% −2.8% −4.0%
February 3, 2026 +3.4% −1.3% +8.8% +2.9%
November 4, 2025 −9.0% −0.8% −8.3% −7.1%
August 5, 2025 −7.9% +0.3% +2.9% +9.2%
May 6, 2025 −1.9% −0.4% +8.9% +1.6%
February 4, 2025 +10.1% +1.1% +4.2% +3.7%
November 4, 2024 −6.8% +1.0% −5.1% −6.0%
August 6, 2024 +9.9% +0.2% +22.0% +22.5%
May 7, 2024 +13.6% +0.1% +22.9% +32.0%
February 6, 2024 +14.2% +1.1% +12.9% +19.8%
November 2, 2023 +3.9% +2.8% +2.1% +13.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Cirrus Logic, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cirrus Logic, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cirrus Logic, Inc.
$1.7B $1.8B $1.9B $2B $2.1B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.8B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.8B Revenue (TTM), FY25 Q2: $1.9B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.9B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $1.9B Revenue (TTM), FY26 Q3: $2B Revenue (TTM), FY26 Q4: $2B Revenue (TTM), FY27 Q1: $2B $2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $1.8B
FY24 Q3 $1.8B
FY24 Q4 $1.8B
FY25 Q1 $1.8B
FY25 Q2 $1.9B
FY25 Q3 $1.8B
FY25 Q4 $1.9B
FY26 Q1 $1.9B
FY26 Q2 $1.9B
FY26 Q3 $2B
FY26 Q4 $2B
FY27 Q1 $2B
Revenue growth, TTM YoY Cirrus Logic, Inc.
-15% -10% -5% 0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -10.7% Revenue growth, TTM YoY, FY24 Q3: -11.2% Revenue growth, TTM YoY, FY24 Q4: -5.7% Revenue growth, TTM YoY, FY25 Q1: 1.4% Revenue growth, TTM YoY, FY25 Q2: 8.2% Revenue growth, TTM YoY, FY25 Q3: 3.0% Revenue growth, TTM YoY, FY25 Q4: 6.0% Revenue growth, TTM YoY, FY26 Q1: 4.5% Revenue growth, TTM YoY, FY26 Q2: 2.2% Revenue growth, TTM YoY, FY26 Q3: 7.0% Revenue growth, TTM YoY, FY26 Q4: 5.3% Revenue growth, TTM YoY, FY27 Q1: 6.2% 6.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -10.7%
FY24 Q3 -11.2%
FY24 Q4 -5.7%
FY25 Q1 1.4%
FY25 Q2 8.2%
FY25 Q3 3.0%
FY25 Q4 6.0%
FY26 Q1 4.5%
FY26 Q2 2.2%
FY26 Q3 7.0%
FY26 Q4 5.3%
FY27 Q1 6.2%
Operating margin (TTM) Cirrus Logic, Inc.
10% 15% 20% 25% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 11.5% Operating margin (TTM), FY24 Q3: 12.8% Operating margin (TTM), FY24 Q4: 19.2% Operating margin (TTM), FY25 Q1: 20.2% Operating margin (TTM), FY25 Q2: 20.9% Operating margin (TTM), FY25 Q3: 20.4% Operating margin (TTM), FY25 Q4: 21.6% Operating margin (TTM), FY26 Q1: 22.6% Operating margin (TTM), FY26 Q2: 23.0% Operating margin (TTM), FY26 Q3: 23.1% Operating margin (TTM), FY26 Q4: 23.0% Operating margin (TTM), FY27 Q1: 23.0% 23.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 11.5%
FY24 Q3 12.8%
FY24 Q4 19.2%
FY25 Q1 20.2%
FY25 Q2 20.9%
FY25 Q3 20.4%
FY25 Q4 21.6%
FY26 Q1 22.6%
FY26 Q2 23.0%
FY26 Q3 23.1%
FY26 Q4 23.0%
FY27 Q1 23.0%
FCF margin (TTM) Cirrus Logic, Inc.
0% 10% 20% 30% 40% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 7.2% FCF margin (TTM), FY24 Q3: 14.4% FCF margin (TTM), FY24 Q4: 21.4% FCF margin (TTM), FY25 Q1: 27.8% FCF margin (TTM), FY25 Q2: 28.8% FCF margin (TTM), FY25 Q3: 24.8% FCF margin (TTM), FY25 Q4: 21.9% FCF margin (TTM), FY26 Q1: 23.4% FCF margin (TTM), FY26 Q2: 27.4% FCF margin (TTM), FY26 Q3: 30.8% FCF margin (TTM), FY26 Q4: 31.8% FCF margin (TTM), FY27 Q1: 27.9% 27.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 7.2%
FY24 Q3 14.4%
FY24 Q4 21.4%
FY25 Q1 27.8%
FY25 Q2 28.8%
FY25 Q3 24.8%
FY25 Q4 21.9%
FY26 Q1 23.4%
FY26 Q2 27.4%
FY26 Q3 30.8%
FY26 Q4 31.8%
FY27 Q1 27.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Cirrus Logic took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2B
  2. Other income $36.4M · 1.8%
  3. Cost of revenue $943M · 47.2%
  4. Gross profit $1.1B · 52.8%
  5. Research and development $434M · 21.7%
  6. Selling, general and admin $160M · 8.0%
  7. Operating income $460M · 23.0%
  8. Income tax $82.3M · 4.1%
  9. Net income $414M · 20.7%

Shares of revenue. Source: Cirrus Logic's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 221 370 427 810 714 917 1,169 1,539 1,532 1,186 1,281 1,369 1,781 1,898 1,789 1,896 1,997 2,050
Gross profit 119 202 230 395 356 426 555 758 761 597 674 707 924 957 916 996 1,054 1,082
EBITDA 33 91 90 214 170 144 238 380 344 181 242 284 428 320 392 461 513 525
Operating income 25 83 80 201 155 109 180 317 262 101 173 237 366 249 343 410 460 472
Net income 38 204 88 137 108 55 124 261 162 90 159 217 326 177 275 332 414 431
Diluted EPS $0.59 $2.82 $1.29 $2.00 $1.65 $0.85 $1.87 $3.92 $2.46 $1.46 $2.64 $3.62 $5.52 $3.09 $4.90 $6.00 $7.85 $8.19
Growth (year on year)
Revenue — +67.2% +15.5% +89.7% −11.8% +28.3% +27.6% +31.6% −0.4% −22.6% +8.1% +6.9% +30.1% +6.5% −5.7% +6.0% +5.3% +6.2%
EBITDA — +174.8% −2.1% +139.5% −20.8% −15.5% +65.9% +59.7% −9.6% −47.5% +33.8% +17.6% +50.7% −25.2% +22.3% +17.8% +11.1% +7.6%
Operating income — +228.0% −4.5% +152.5% −22.8% −29.8% +65.7% +75.9% −17.2% −61.6% +72.2% +36.7% +54.5% −32.0% +37.9% +19.5% +12.2% +8.4%
Net income — +430.0% −56.8% +55.3% −20.9% −49.0% +124.1% +111.3% −38.0% −44.4% +77.2% +36.3% +50.2% −45.9% +55.4% +20.7% +25.0% +23.0%
Diluted EPS — +378.0% −54.3% +55.0% −17.5% −48.5% +120.0% +109.6% −37.2% −40.7% +80.8% +37.1% +52.5% −44.0% +58.6% +22.4% +30.8% +27.8%
Margins
Gross margin 53.7% 54.7% 54.0% 48.8% 49.9% 46.5% 47.5% 49.2% 49.6% 50.4% 52.6% 51.7% 51.8% 50.4% 51.2% 52.5% 52.8% 52.8%
EBITDA margin 15.1% 24.8% 21.0% 26.5% 23.8% 15.7% 20.4% 24.7% 22.4% 15.2% 18.9% 20.8% 24.0% 16.9% 21.9% 24.3% 25.7% 25.6%
Operating margin 11.5% 22.5% 18.6% 24.8% 21.7% 11.9% 15.4% 20.6% 17.1% 8.5% 13.5% 17.3% 20.6% 13.1% 19.2% 21.6% 23.0% 23.0%
Net margin 17.4% 55.1% 20.6% 16.9% 15.1% 6.0% 10.6% 17.0% 10.6% 7.6% 12.4% 15.9% 18.3% 9.3% 15.3% 17.5% 20.7% 21.0%
Free-cash-flow margin 9.7% 18.1% 11.1% 13.3% 29.8% 14.3% 9.2% 21.3% 17.2% 14.8% 21.9% 24.2% 5.5% 16.0% 21.5% 22.2% 31.9% 27.9%
Cash flow
Cash from operations 25 87 83 161 228 163 149 370 319 207 296 349 125 340 422 444 651 599
Capital spending 4 20 36 53 15 32 42 42 55 32 16 18 26 35 38 23 14 26
Free cash flow 21 67 47 108 213 131 107 328 264 175 280 331 99 304 384 422 637 572
Stock-based pay 5 8 12 21 23 38 34 40 49 50 54 57 66 82 89 84 82 82
Free cash flow after stock pay 16 59 35 86 190 94 74 288 215 125 226 274 32 223 295 337 555 491
Balance sheet
Cash 16 37 66 66 32 76 169 351 236 216 292 442 370 446 503 540 801 811
Total debt 0 0 0 0 0 180 160 60 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −16 −37 −66 −66 −32 104 −8 −291 −236 −216 −292 −442 −370 −446 −503 −540 −801 −811
Diluted shares 66m 72m 68m 68m 66m 65m 66m 67m 66m 62m 60m 60m 59m 57m 56m 55m 53m 53m
Returned to shareholders
Buybacks — 23 77 86 52 11 61 15 176 160 120 110 168 191 186 261 280 211
Total returned — 23 77 86 52 11 61 15 176 160 120 110 168 191 186 261 280 211

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 27, 2026
What it owns · $2.6bn
Short-term assets $1.5bnLonger-term assets $1.1bn
What it owes, and who funded it · $2.4bn
Short-term liabilities $194mShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $194m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $472m against $1m of interest.

From Cirrus Logic, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$211M
Returned to shareholders
37%
of free cash flow
Buybacks, last 3 fiscal years
$727M
Diluted share count
−3.8%
year over year
Total shareholder yield
3.8%
dividends 0.0% + buybacks 3.8% of market value
R&D spending
21.8%
of revenue
Sales & admin spending
8.0%
of revenue
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated CRUS MBLY PENG DIOD CRDO TSEM Median
Revenue, last 12 months $2.0bn $2.0bn $1.7bn $1.6bn $1.6bn $1.6bn $1.1bn
Revenue growth, last 12 months 6.2% 3.4% 26.5% 17.8% 165.1% 9.1% 13.7%
Revenue growth, 3-year average 4.0% −0.0% 6.3% −5.7% 109.6% 45.8% 3.9%
Revenue growth, latest quarter 12.9% −2.4% 67.7% 21.7% 114.7% — 20.1%
Gross margin 52.8% 48.6% 27.7% 31.7% 67.1% 23.2% 48.3%
Operating margin 23.0% −207.0% 4.0% 4.8% 31.7% 12.4% 4.8%
Operating margin, 3-year average 21.9% −132.4% 3.3% 4.9% 11.1% 13.1% 4.8%
Net margin 21.0% −201.2% 10.4% 5.3% 33.8% 14.1% 5.3%
Cash from operations / revenue 29.2% 20.8% −8.8% 15.3% 31.4% 25.3% 17.4%
Free-cash-flow margin 27.9% 15.8% −9.4% 8.7% 27.6% −3.1% 9.6%
Free-cash-flow margin, 3-year average 26.3% 20.0% 0.9% 6.0% 12.0% 5.3% 8.5%
Stock pay / revenue 4.0% 17.1% 1.8% 2.0% 14.8% 2.4% 5.8%
Change in share count −3.8% 0.7% 4.8% −0.2% 2.5% 1.1% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 6.2% 13.7% 49 of 75
Change in growth rate Growth +0.9pp +3.7pp 44 of 75
Gross margin Profitability 52.8% 48.3% 31 of 73
Operating margin Profitability 23.0% 4.8% 15 of 75
Net margin Profitability 21.0% 5.3% 16 of 75
Free-cash-flow margin Cash generation 27.9% 9.6% 10 of 75
Stock pay as % of revenue Cash generation 4.0% 6.4% 32 of 74
Change in share count Balance sheet -3.8% 0.9% 4 of 72
Days sales outstanding Balance sheet 45 days 58 days 19 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 28, 2026
Products and services
Line of business Revenue Share YoY
Audio Products $1.2B 58.1% ▲ 2.0%
High Performance Mixed Signal Products $837M 41.9% ▲ 10.3%
Geography
Region Revenue Share YoY
China $1.1B 53.4% ▼ 5.3%
Other Countries $916M 45.8% ▲ 21.5%
India $314M 34.3% ▲ 52.4%
Hong Kong $223M 24.3% ▲ 13.3%
VN $185M 20.2% ▲ 50.4%
South Korea $120M 13.1% ▼ 15.9%
Other Non US Countries $74.1M 8.1% ▼ 13.6%
United States $14.9M 0.7% ▼ 6.1%

From Cirrus Logic, Inc.'s 10-K filed May 21, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.9B
Institutions reporting
575
Shares held vs prior quarter
▲ 4.1%
Positions opened / closed
88 / 51

Top buyers and sellers, Q2 2026: 321 institutions bought and 208 sold ; the biggest buyer was Millennium Management LLC (+567K shares) and the biggest seller Wellington Management Group LLP (−662K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $841M 5.7M 10.7% ▲ 7.9%
Vanguard Portfolio Management LLC $508M 3.4M 6.4% ▼ 9.5%
LSV Asset Management $350M 2.4M 4.4% ▲ 1.9%
Vanguard Capital Management LLC $340M 2.3M 4.3% ▼ 0.3%
State Street Corp $322M 2.2M 4.1% ▲ 11.5%
Fuller & Thaler Asset Management, Inc. $253M 1.7M 3.2% ▲ 6.1%
Geode Capital Management, LLC $225M 1.5M 2.9% ▲ 4.8%
Dimensional Fund Advisors LP $197M 1.3M 2.5% ▼ 0.4%
Earnest Partners LLC $188M 1.3M 2.4% ▼ 2.5%
Bank Of America Corp $168M 1.1M 2.1% ▼ 7.7%
AQR Capital Management LLC $164M 1.1M 2.1% ▲ 10.3%
Quantinno Capital Management LP $148M 996K 1.9% ▲ 5.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cirrus Logic, Inc.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $13.5M 23 trades by 7 insiders · 92% under pre-set plans
Net ▼ $13.5M net selling
Insider Date Trade Shares Price Value
Baumgartner Jeffrey W EVP, R&D September 21, 2026 Sell pre-set plan 1,166 $119.00 $138,754
Baumgartner Jeffrey W EVP, R&D August 20, 2026 Sell pre-set plan 1,166 $117.89 $137,460
Baumgartner Jeffrey W EVP, R&D July 20, 2026 Sell pre-set plan 1,166 $138.57 $161,573
Baumgartner Jeffrey W EVP, R&D July 1, 2026 Sell pre-set plan 1,458 $145.97 $212,824
Brannan Andrew EVP, Worldwide Sales June 29, 2026 Sell pre-set plan 6,464 $144.71 $935,405
Baumgartner Jeffrey W EVP, R&D June 22, 2026 Sell pre-set plan 1,170 $168.23 $196,829
Thomas Scott EVP, General Counsel June 3, 2026 Sell pre-set plan 1,300 $180.04 $234,052
Baumgartner Jeffrey W EVP, R&D June 2, 2026 Sell pre-set plan 3,907 $168.54 $658,486
Baumgartner Jeffrey W EVP, R&D May 29, 2026 Sell pre-set plan 11,171 $171.65 $1.9M
Brannan Andrew EVP, Worldwide Sales May 29, 2026 Sell pre-set plan 1,645 $175.75 $289,109
Dougherty Justin E EVP, Global Operations May 21, 2026 Sell 2,000 $166.50 $333,000
Davern Alexander M Director May 20, 2026 Sell 1,000 $159.00 $159,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Cirrus Logic, Inc. disclosed in the last 12 months; 2 earlier trades on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020
  • Donna Shalala(FL):Sale (partial), $1,001 - $15,000, traded May 15, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 3, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Cirrus Logic, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cirrus Logic, Inc. in brief

What does Cirrus Logic, Inc. do?
Cirrus Logic, Inc. is a US-listed company in the semiconductors industry. Its financial year ends in March.
What is Cirrus Logic, Inc.'s stock ticker?
Cirrus Logic, Inc. trades under the ticker CRUS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cirrus Logic, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cirrus Logic, Inc. reported revenue of $2B, 6.2% higher than a year earlier, according to its SEC filings.
What is Cirrus Logic, Inc.'s free cash flow?
Cirrus Logic, Inc.'s free-cash-flow margin is 27.9% of revenue over the trailing twelve months, ranking 10 of the 75 semiconductor companies we cover.
What is Cirrus Logic, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cirrus Logic, Inc.'s free cash flow after stock-based pay gives ~$180 per share in the base case, and ~$140–$240 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cirrus Logic, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and LSV Asset Management. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Cirrus Logic, Inc. buying back stock, and does it pay a dividend?
Cirrus Logic, Inc. spent $211M on share repurchases over the trailing twelve months, and its diluted share count fell 3.8% over the year.
What is Cirrus Logic, Inc.'s market cap?
On November 2, 2026, Cirrus Logic, Inc.'s market capitalisation was about $5.9B, with a price-to-earnings ratio of 13.6 and net debt of -$811M. Market figures come from third-party market data and may be delayed.
Who are Cirrus Logic, Inc.'s competitors?
In our Semiconductors peer group, the companies closest to Cirrus Logic, Inc. are Mobileye Global Inc., Penguin Solutions, Inc., Diodes Inc, Credo Technology Group Holding Ltd and Tower Semiconductor LTD. The side-by-side comparison below sets their revenue, margins and growth against Cirrus Logic, Inc.'s.
Are insiders buying or selling Cirrus Logic, Inc. stock?
Over the last 12 months, Cirrus Logic, Inc.'s directors and officers reported 0 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is Cirrus Logic, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cirrus Logic, Inc. announces its own schedule.