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Cirrus Logic, Inc.

Cirrus Logic, Inc.

NASDAQ•CRUS
CEO: Mr. John M. Forsyth
Sector: Technology
Industry: Semiconductors
Listing Date: 1989-06-09
Cirrus Logic, Inc., a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products comprising camera controllers, haptic and sensing solutions, and battery and power ICs for use in smartphones, as well as legacy industrial and energy applications, such as digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.
Contact Information
800 West 6th Street, Austin, TX, 78701, United States
512-851-4000
www.cirrus.com
Market Cap
$6.32B
P/E (TTM)
16.7
67.6
Dividend Yield
--
52W High
$136.92
52W Low
$75.83
52W Range
79%
Rank30Top 13.9%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$560.96M+3.52%
4-Quarter Trend

EPS

$2.57+33.85%
4-Quarter Trend

FCF

$88.35M+1508.92%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Net Sales Increased 4% Q2 Net Sales reached $561.0M, up 4 percent, driven by Audio and HPMS product volume growth across regions.
Net Income Substantially Higher Q2 Net Income was $131.6M, significantly higher than $102.1M reported in the prior year period, boosting EPS.
Operating Cash Flow Surges Cash generated from operations totaled $208.3M for six months, a major increase from $95.4M last year period.
Gross Margin Expansion Noted Six-month Gross Margin improved to 52.5 percent from 51.5 percent due to a more favorable product mix.

Risk Factors

Key Customer Concentration Risk Dependence on top customers remains high; Apple accounted for approximately 90 percent of Q2 net sales.
Pricing Pressure Expected Expect average selling prices for certain products to decline over time, potentially reducing revenue, margins, and earnings.
IRS Tax Dispute Exposure IRS proposed adjustments of $168.3M plus penalties related to transfer pricing; Company disputes these asserted amounts.
Talent Acquisition Competition Intense competition for qualified technical personnel continues, exacerbated by potential immigration policy changes and restrictions.

Outlook

Strategy Focus Areas Committed to smartphone audio leadership, increasing HPMS content, and expanding into new component markets leveraging expertise.
PC Market Design Wins Secured first mainstream consumer laptop design, expanding collaboration with leading System-on-a-Chip vendors for growth.
Liquidity Position Strong Expect current cash, investments, and $300M borrowing capacity to meet capital requirements for short and long-term needs.
New Product Focus Developing next-generation ADCs, DACs, ultra-high-performance codecs, and analog front-end components for imaging applications.

Peer Comparison

Revenue (TTM)

Arrow Electronics, Inc.ARW
$29.39B
+3.2%
Kyndryl Holdings, Inc.KD
$15.07B
-1.5%
Amkor Technology, Inc.AMKR
$6.45B
+0.1%

Gross Margin (Latest Quarter)

Universal Display CorporationOLED
77.2%
+1.4pp
Cirrus Logic, Inc.CRUS
52.5%
+0.3pp
Onto Innovation Inc.ONTO
50.7%
-3.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AMKR$10.69B34.77.3%23.1%
ONTO$7.71B44.19.0%0.0%
SMTC$6.81B290.14.1%34.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
4.3%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$2.37
|
Revenue:$531.43M
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Sep 27, 2025|Filed: Nov 4, 2025|
    Revenue: $560.96M+3.5%
    |
    EPS: $2.57+33.9%
    Beat
  • Form 10-Q - Q1 2026

    Period End: Jun 28, 2025|Filed: Aug 5, 2025|
    Revenue: $407.27M+8.9%
    |
    EPS: $1.17+48.1%
    Beat
  • Form 10-K - FY 2025

    Period End: Mar 29, 2025|Filed: May 23, 2025|
    Revenue: $1.90B+6.0%
    |
    EPS: $6.24+23.3%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Dec 28, 2024|Filed: Feb 4, 2025|
    Revenue: $555.74M-10.2%
    |
    EPS: $2.19-14.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Sep 28, 2024|Filed: Nov 4, 2024|
    Revenue: $541.86M+12.6%
    |
    EPS: $1.92+39.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jun 29, 2024|Filed: Aug 6, 2024|
    Revenue: $374.03M+18.0%
    |
    EPS: $0.79+182.1%
    Beat
  • Form 10-K - FY 2024

    Period End: Mar 30, 2024|Filed: May 24, 2024|
    Revenue: $1.79B-5.7%
    |
    EPS: $5.06+59.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Dec 30, 2023|Filed: Feb 6, 2024|
    Revenue: $618.98M+4.8%
    |
    EPS: $2.57+37.4%
    Beat