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. In the quarter to June 2026, revenue grew 12.9%, EPS grew 29.9% and free cash flow fell 57.1%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Cirrus Logic, Inc. (CRUS) Altman Z-score
Cirrus Logic, Inc.'s Altman Z-score for fiscal 2026 is 14.39, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 14.39 | 3.99 |
| FY2025 | 10.40 | 1.29 |
| FY2024 | 9.11 | (1.66) |
| FY2023 | 10.77 | 3.46 |
| FY2022 | 7.31 | (0.88) |
| FY2021 | 8.20 | 0.51 |
| FY2020 | 7.68 | (0.80) |
| FY2019 | 8.49 | 0.79 |
| FY2018 | 7.70 | (3.37) |
| FY2017 | 11.07 | 5.32 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.50 | — | 0.60 | |
| Retained earnings / total assets | 0.07 | — | 0.10 | |
| EBIT / total assets | 0.18 | — | 0.61 | |
| Market value of equity / total liabilities | 20.46 | — | 12.28 | |
| Sales / total assets | 0.80 | — | 0.80 | |
| Altman Z-score | Safe zone | 14.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 10.93 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SLAB Silicon Laboratories, Inc. compare | 16.6× |
| CRUS Cirrus Logic, Inc. | 14.4× |
| PI Impinj, Inc. compare | 9.2× |
| ALGM Allegro MicroSystems, Inc. compare | 8.5× |
| SIMO Silicon Motion Technology Corporation compare | 6.9× |
| DIOD Diodes Incorporated compare | 4.8× |
| SYNA Synaptics Incorporated compare | 3.5× |
| VSH Vishay Intertechnology, Inc. compare | 1.9× |
| MXL MaxLinear, Inc compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets