Cirrus Logic, Inc. income statement
In fiscal 2026, Cirrus Logic, Inc. reported revenue of $2.00bn, up 5.3% on the year before, operating income of $460m (a 23.0% margin) and net income of $414m, or $7.85 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | — | — | — | — | 781 | 771 | 588 | 607 | 662 | 858 | 941 | 873 | 900 | 943 | 968 |
| Gross profit | 119 | 202 | 230 | 395 | 356 | 426 | 555 | 758 | 761 | 597 | 674 | 707 | 924 | 957 | 916 | 996 | 1,054 | 1,082 |
| Research and development | 51 | 64 | 86 | 114 | 126 | 198 | 269 | 304 | 366 | 375 | 348 | 343 | 406 | 458 | 426 | 435 | 434 | 446 |
| Selling, general and administrative | 43 | 59 | 65 | 77 | 75 | 100 | 117 | 127 | 132 | 127 | 131 | 127 | 151 | 153 | 144 | 151 | 160 | 164 |
| Operating income | 25 | 83 | 80 | 201 | 155 | 109 | 180 | 317 | 262 | 101 | 173 | 237 | 366 | 249 | 343 | 410 | 460 | 472 |
| Interest expense | — | — | — | — | — | 6 | 3 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 27 | 84 | 80 | 201 | 156 | 92 | 176 | 315 | 265 | 94 | 181 | 245 | 369 | 255 | 364 | 445 | 497 | 510 |
| Income tax | −12 | −119 | −8 | 65 | 48 | 36 | 52 | 54 | 103 | 4 | 22 | 28 | 42 | 78 | 89 | 113 | 82 | 80 |
| 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 |
| Diluted shares (average) | 66m | 72m | 68m | 68m | 66m | 65m | 66m | 67m | 66m | 62m | 60m | 60m | 59m | 57m | 56m | 55m | 53m | 53m |
| EBITDA | 33 | 91 | 90 | 214 | 170 | 144 | 238 | 380 | 344 | 181 | 242 | 284 | 428 | 320 | 392 | 461 | 513 | 525 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 542 | 556 | 424 | 407 | 561 | 581 | 449 | 460 |
| Cost of revenue | 259 | 258 | 198 | 193 | 267 | 272 | 211 | 218 |
| Gross profit | 283 | 298 | 227 | 214 | 294 | 308 | 238 | 242 |
| Research and development | 113 | 113 | 103 | 103 | 110 | 114 | 107 | 115 |
| Selling, general and administrative | 38 | 39 | 37 | 39 | 40 | 42 | 40 | 42 |
| Operating income | 132 | 146 | 86 | 72 | 145 | 153 | 90 | 84 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 140 | 154 | 95 | 81 | 153 | 162 | 100 | 94 |
| Income tax | 38 | 38 | 23 | 20 | 22 | 22 | 18 | 17 |
| Net income | 102 | 116 | 71 | 61 | 132 | 140 | 82 | 77 |
| Diluted EPS | $1.83 | $2.11 | $1.31 | $1.14 | $2.48 | $2.66 | $1.58 | $1.47 |
| EBITDA | 144 | 159 | 99 | 86 | 157 | 166 | 104 | 98 |
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