Pricing Log in Create free account
Friday 6 November 2026 Export CRUS’s income statement to Excel — free account

Cirrus Logic, Inc.

CRUS Technology Semiconductors

Cirrus Logic, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.0 billion, up 5.34% from fiscal 2025.

Revenue
−0.27%
EPS
−10.5%
Free cash flow
−51.8%

Quarter to September 2026, against a year earlier

113.24 3.01 +2.73%
Market cap
$5.5B
P/E
13.5×
Fwd P/E
16.0×
Dividend yield
—
F-score
8/9
Altman Z
14.39
Beneish M
−2.93
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2026

  • Audio Products
  • HPMS Products

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 12.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — 1 5 4 2 1 1 1 —
Insider Ownership 0.20%

Capital & Financial Ratios $m

Size
Market Cap 5,520.00
Revenue ttm 2,048.33
Net income ttm 413.71
Free cash flow ttm 525.58
Net debt Q (752.05)
Valuation
P/E 13.50
Forward P/E 16.00
Price / sales 2.69
Forward P/S Powerpack
Price / FCF 10.48
Price / book 2.51
Financial health
Current ratio Q 6.41 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 515.07
Growth
Revenue growth Q −0.27% (below 0%: shrinking)
Operating income growth Q −8.56% (below 0%: shrinking)
EPS, this year −15.47% (below 0%: weak)
EPS, next year A −0.14% (below 0%: weak)
Revenue, next year A +0.88%
EPS, past 5 yrs +16.74% (at or above 15%: strong)
EPS, next 5 yrs A −1.17% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 2.5×; over the ten years it ranged from 1.4× in 2018 to 4.0× in 2024.
P/E against its own 10 years 10.01%
10-year low 10-year high
P/S against its own 10 years 48.22%
10-year low 10-year high
P/B against its own 10 years 21.38%
10-year low 10-year high
EV/Sales against its own 10 years 40.52%
10-year low 10-year high
EV/FCF against its own 10 years 9.94%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 527 596 888 752
Receivables 162 216 220 366
Inventory 227 299 241 271
Other 55 28 23 28
1,106 1,240 1,434 1,464
2024 2025 2026 Q'26
Payables 56 63 81 104
ST’ Debt — — — —
Other 32 27 22 —
186 195 195 228

Compound Annual Growth %

10y 5y 3y
Sales 5.50% 7.84% 1.72%
Cash Flow 15.88% 13.27% 24.20%
Earnings 12.86% 13.78% 32.86%
Book Value 9.49% 8.91% 8.67%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 1.80 Actual 1.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 2.40 2.83 Beat by 0.43
Q3 FY26 2.42 2.97 Beat by 0.55
Q4 FY26 1.76 1.95 Beat by 0.19
Q1 FY27 1.80 1.84 Beat by 0.04
Q2 FY27 2.44 — Reports 4 November 2026

EPS $

Jun Sep Dec Mar Year
’26 1.47 2.23 — — —
’26 1.14 2.48 2.66 1.56 7.85
’25 0.76 1.83 2.11 1.31 6.00
’24 0.28 1.34 2.50 0.81 4.90
’23 0.69 1.52 1.83 (0.97) 3.09
’22 0.29 1.43 2.16 1.64 5.52
’21 0.30 0.99 1.91 0.42 3.62
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 460 559 — — —
’26 407 561 581 449 1,997
’25 374 542 556 424 1,896
’24 317 481 619 372 1,789
’23 394 541 591 373 1,898
’22 277 466 548 490 1,781
’21 243 347 486 294 1,369
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 64 51 — — —
’26 116 92 291 151 651
’25 87 8 219 130 444
’24 (40) (23) 314 171 422
’23 74 36 181 48 340
’22 (27) 29 (136) 258 125
’21 1 42 134 173 349
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 49 42 — — —
’26 113 88 286 149 636
’25 77 5 212 121 416
’24 (52) (31) 304 163 383
’23 67 26 173 37 303
’22 (39) 23 (140) 250 95
’21 (2) 36 129 165 328
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −2.0% a year for ten years. It grew 10.9% a year over the last ten.

Implied
−2.0%
10 years, reported
10.9%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,539 1,532 1,186 1,281 1,369 1,781 1,898 1,789 1,896 1,997 2,048 +2.9% 2,015 2,097 2,214 +3.5%
Gross margin, % 49.24 49.65 50.40 52.62 51.66 51.85 50.43 51.21 52.53 52.78 53.12 +3.5 pt
EBT 315 265 94 181 245 369 255 364 445 497 499 +5.2%
EBT margin, % 20.47 17.30 7.91 14.15 17.91 20.69 13.42 20.34 23.46 24.87 24.35 +4.4 pt
Net income 261 162 90 159 217 326 177 275 332 414 414 +5.3%
Per share, $
Per share, $ Revenue 24.30 24.16 19.72 21.97 23.56 31.10 34.12 32.95 35.68 39.06 41.05 +5.4%
Earnings 4.12 2.55 1.50 2.74 3.74 5.70 3.18 5.06 6.24 8.10 8.18 +7.8%
Cash flow 5.84 5.03 3.44 5.07 6.01 2.18 6.11 7.77 8.36 12.72 11.17 +9.0%
Capex (0.81) (1.33) (0.44) (0.37) (0.35) (0.52) (0.66) (0.71) (0.54) (0.29) (0.64) (10.8%)
Free cash flow 5.03 3.69 3.00 4.70 5.65 1.65 5.45 7.06 7.82 12.43 10.53 +10.6%
Book value 18.19 18.32 18.97 21.09 23.90 27.93 29.82 33.47 36.69 41.61 43.93 +9.6%
Shares, m 63 63 60 58 58 57 56 54 53 51 51 (2.3%)
Valuation, ×
Valuation, × P/E 15.36 15.12 27.20 23.95 22.67 14.88 34.50 18.16 15.95 17.85 13.50 20.6
P/S 2.50 1.60 2.06 2.99 3.60 2.73 3.21 2.79 2.79 3.70 2.69 2.8
P/B 3.34 2.10 2.14 3.11 3.55 3.04 3.67 2.75 2.72 3.48 2.51 3.0
EV/Sales 2.24 1.46 1.86 2.79 3.28 2.55 2.98 2.53 2.51 3.29 2.35 2.5
EV/FCF 10.84 9.57 12.27 13.03 13.67 47.88 18.70 11.80 11.45 10.33 9.17 16.0
Cash, $m
Cash, $m Operating cash flow 370 319 207 296 349 125 340 422 444 651 557 +6.5%
Capex (51) (85) (27) (22) (20) (30) (37) (38) (29) (15) (32) (12.9%)
Free cash flow 318 234 180 274 328 95 303 383 416 636 526 +8.0%
Balance, $m
Balance, $m Working capital 632 473 509 492 629 575 802 920 1,045 1,239 1,235 +7.8%
Net debt (391) (262) (286) (314) (498) (380) (481) (527) (596) (888) (752) +9.5%
Shareholders’ equity 1,152 1,162 1,140 1,230 1,389 1,600 1,658 1,817 1,949 2,128 2,192 +7.1%
Returns, %
Returns, % ROA 20.13 11.39 6.47 10.83 12.70 16.51 8.44 12.78 14.54 17.21 16.49 (2.9) pt
ROIC 26.05 18.23 7.38 11.84 16.63 18.78 13.22 16.63 18.95 23.20 19.96 (2.8) pt
ROE 25.98 14.00 7.82 13.46 16.60 21.84 10.85 15.80 17.60 20.33 19.54 (5.6) pt
People
People Employees 1,444 1,596 1,551 1,443 1,481 1,591 1,702 1,625 1,660 1,668 — +1.6%
Revenue/emp, $m 1.07 0.96 0.76 0.89 0.92 1.12 1.11 1.10 1.14 1.20 — +1.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Business profile

Updated

Cirrus Logic designs low-power mixed-signal semiconductor components. These chips process signals that move between the analog and digital parts of electronic devices. Its customers include electronics manufacturers that incorporate the components into their own products. Founded in 1981, Cirrus Logic is headquartered in Austin, Texas.

The company has two product lines: Audio and high-performance mixed-signal, or HPMS. Its audio components include amplifiers, codecs and digital signal processors. A codec combines analog-to-digital and digital-to-analog converters on one chip; a smart codec also incorporates digital signal processing. Cirrus Logic sells these products for devices including smartphones, PCs, tablets, wearables and entertainment systems.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Audio Products 1,160 58.07%
HPMS Products 837 41.93%
Gross margin 52.78%
Operating margin 23.05%
Pre-tax margin 24.87%

Revenue by segment since 2010

Cirrus Logic, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RMBS Rambus, Inc. $7.5B 28.7× 33.2× +22.28% (above 0%: growing) +53.93% (above 0%: growing) +16.24% (above 0%: growing) 78.30% 38.32% Compare
SLAB Silicon Laboratories, Inc. $7.4B — (loss-making) — (loss-making) +18.33% (above 0%: growing) n/m −608.05% (below 0%: shrinking) 61.65% (4.67%) Compare
CRUS Cirrus Logic, Inc. $5.5B 13.5× 16.0× −0.27% (below 0%: shrinking) −10.51% (below 0%: shrinking) −51.81% (below 0%: shrinking) 53.72% 23.66%
SIMO Silicon Motion Technology Corporation $5.3B 17.0× 16.8× +131.50% (above 0%: growing) +64.62% (above 0%: growing) −4,223.32% (below 0%: shrinking) 53.63% 29.02% Compare
ALGM Allegro MicroSystems, Inc. $5.0B 169× 57.1× +29.21% (above 0%: growing) +200.00% (above 0%: growing) +119.18% (above 0%: growing) 49.18% 12.80% Compare
PI Impinj, Inc. $5.0B — (loss-making) — (loss-making) +16.69% (above 0%: growing) n/m +14.68% (above 0%: growing) 52.75% 4.10% Compare
SYNA Synaptics Incorporated $4.6B — (loss-making) — (loss-making) +0.51% (above 0%: growing) n/m −342.22% (below 0%: shrinking) 47.76% (4.32%) Compare
MXL MaxLinear, Inc $4.0B — (loss-making) 243× +72.43% (above 0%: growing) n/m −786.91% (below 0%: shrinking) 58.73% 13.86% Compare
VSH Vishay Intertechnology, Inc. $3.4B 34.1× 31.7× +23.82% (above 0%: growing) n/m +504.83% (above 0%: growing) 25.48% 9.42% Compare
Median of peers $5.0B 31.4× 33.2× +23.05% +64.62% −163.77% 53.19% 11.11%

All 68 Semiconductors stocks →

From the latest earnings call

Updated

  • CEO John Forsyth said PC makers had delayed some new models as component shortages weighed on demand, though Cirrus Logic’s design wins remained in place.
  • CFO Jeffrey Woolard said some December-quarter revenue moved into September and described the shift as a timing issue rather than a change in demand.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 105.64%
Held by the ten largest 48.62%
Holder Shares Stake Change
Vanguard 6.13m 12.23% −355.98k
BlackRock 5.66m 11.29% +415.54k
LSV ASSET MANAGEMENT 2.36m 4.70% +44.22k
State Street 2.17m 4.32% +223.92k
FULLER & THALER ASSET MANAGEMENT, INC. 1.71m 3.40% +98.58k
Geode Capital Management 1.52m 3.03% +69.30k
Dimensional Fund Advisors 1.32m 2.64% −4.69k
EARNEST PARTNERS LLC 1.27m 2.53% −32.47k
Bank of America 1.13m 2.26% −94.32k
AQR Capital Management 1.10m 2.20% +104.75k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 3 June 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 10.77m 22.80m 173.00
2025 9.85m 11.99m 120.00
2024 8.49m 2.87m 111.00
2023 8.39m 11.35m 127.00
2022 6.62m 6.33m 106.00

Ownership

Directors and executive officers, together 1.20%
Blackrock, Inc. 9.59%
Vanguard Portfolio Management 7.49%
Vanguard Capital Management 5.31%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cirrus Logic, Inc. (CRUS) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby

4 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · Associated Press
Impact 3 · · Business Wire

21 Oct

Impact 3 · · 24/7 Wall St.

19 Oct

Impact 4 · · Barchart

15 Oct

Impact 3 · · 24/7 Wall St.
Impact 3 · · Investing.com

13 Oct

Impact 3 · · Business Wire

8 Oct

Impact 3 · · Simply Wall St.

6 Oct

Impact 4 · · Business Wire

28 Sep

Impact 3 · · Zacks

4 Sep

Impact 3 ·

25 Aug

Impact 4 ·

17 Aug

Impact 3 ·

12 Aug

Impact 3 · · MarketBeat
Impact 3 · · The Motley Fool transcript

10 Aug

Impact 3 ·

6 Aug

Impact 4 · transcript
Impact 3 ·
Impact 3 · · Moby transcript

5 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

2 Aug

Impact 4 ·

31 Jul

Impact 3 · · MarketBeat

29 Jul

Impact 3 ·

12 Jul

Impact 4 ·

3 Jun

Impact 4 ·

CRUS metrics, ten years each

stockrow.com/CRUS · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com