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CRUS

Cirrus Logic, Inc.

CRUS

Cirrus Logic, Inc. • NASDAQ
$120.34 ▲ 0.48% (+0.57)
Market Cap $6.14 B
52w High $136.92
52w Low $75.83
Dividend Yield 0%
P/E 17.14
Volume 235.29K
Outstanding Shares 51.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $560.96M ▲ $149.61M ▲ $131.596M ▲ 23.459% ▲ $2.57 ▲ $166.343M ▲
Q1-2026 $407.272M ▼ $141.636M ▲ $60.697M ▼ 14.903% ▼ $1.17 ▼ $94.019M ▼
Q4-2025 $424.456M ▼ $140.79M ▼ $71.267M ▼ 16.79% ▼ $1.35 ▼ $107.973M ▼
Q3-2025 $555.738M ▲ $152.018M ▲ $116.005M ▲ 20.874% ▲ $2.19 ▲ $166.743M ▲
Q2-2025 $541.857M $150.738M $102.14M 18.85% $1.92 $152.867M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $645.9M ▲ $2.43B ▲ $387.241M ▲ $2.042B ▲
Q1-2026 $614.795M ▲ $2.295B ▼ $364.433M ▼ $1.93B ▼
Q4-2025 $595.78M ▲ $2.327B ▼ $377.624M ▼ $1.949B ▼
Q3-2025 $563.979M ▲ $2.363B ▲ $400.442M ▼ $1.963B ▲
Q2-2025 $478.258M $2.356B $428.012M $1.928B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $131.596M ▲ $92.214M ▼ $-7.929M ▼ $-39.679M ▲ $44.606M ▲ $88.346M ▼
Q1-2026 $60.697M ▼ $116.131M ▼ $-6.215M ▲ $-100.666M ▲ $9.25M ▼ $113.493M ▼
Q4-2025 $71.267M ▼ $130.386M ▼ $-13.111M ▲ $-104.099M ▼ $13.176M ▼ $126.957M ▼
Q3-2025 $116.005M ▲ $218.588M ▲ $-39.132M ▼ $-98.771M ▼ $80.685M ▲ $212.126M ▲
Q2-2025 $102.14M $8.231M $-5.482M $-48.341M $-45.592M $5.491M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Audio Products Segment
Audio Products Segment
 $0 ▲$0 ▲$240.00M ▲$320.00M ▲
HighPerformance Mixed Signal Products
HighPerformance Mixed Signal Products
 $210.00M ▲$170.00M ▼$170.00M ▲$240.00M ▲
Portable Audio Products
Portable Audio Products
 $350.00M ▲$260.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown nicely over the past several years and is now hovering at record levels, though growth has flattened more recently rather than continuing to accelerate. Profitability looks solid: gross margins are high and have inched higher, while operating and net income show an overall upward trend despite some bumps along the way. Earnings per share have been volatile year to year but are now at a high point, suggesting strong underlying profitability and possibly some benefit from share count reduction. Overall, the income statement reflects a healthy, profitable business tied closely to flagship consumer electronics cycles, with some earnings variability but no obvious structural deterioration.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Total assets and shareholder equity have steadily increased, indicating consistent reinvestment and value build-up over time. Cash levels are robust and have grown, while debt remains quite modest, leaving the company in a net cash position. This conservative financial structure gives Cirrus Logic flexibility to fund R&D, manage industry downturns, and pursue opportunities without relying heavily on borrowing.

Cash Flow

Cash Flow Cash generation is strong and improving. Operating cash flow has been positive every year and has strengthened after one weaker period, indicating that reported profits are largely backed by cash. Free cash flow is consistently positive and closely tracks operating cash flow because capital spending needs are relatively light. This cash profile supports ongoing investment in new products and provides room for capital returns or strategic moves if management chooses, without straining the balance sheet.

Competitive Edge

Competitive Edge Cirrus Logic holds a specialized and defensible niche in low‑power, high‑precision mixed‑signal and audio chips, particularly in premium smartphones. Its deep engineering know‑how, large patent base, and ability to deliver tightly integrated hardware‑plus‑software solutions create meaningful switching costs for device makers. The close, highly customized relationship with a single very large customer is both a strength and a vulnerability: it demonstrates strong product fit and stickiness, but leaves the company heavily exposed to that customer’s design choices and unit volumes. Overall, Cirrus Logic’s moat looks solid in audio and mixed‑signal, but customer concentration remains the key structural risk.

Innovation and R&D

Innovation and R&D The company is clearly R&D‑driven, building on its leadership in audio codecs, amplifiers, and signal‑processing software while pushing into broader mixed‑signal areas. It is extending its core competencies into haptics, camera control, battery and power management, and AI‑enhanced audio—aiming to move from being “just audio” in phones to a broader system‑level mixed‑signal partner across devices. New efforts in PCs, automotive interfaces, and professional audio show a deliberate attempt to diversify end markets and reduce reliance on smartphones. The large patent portfolio and custom design capabilities suggest an innovation engine that can keep feeding new products, although commercial success will depend on design wins beyond its main flagship customer.

Summary

Cirrus Logic appears to be a financially solid, highly specialized semiconductor company with strong profitability, a clean balance sheet, and reliable cash generation. Its main strengths lie in deep mixed‑signal and audio expertise, integrated hardware‑software offerings, and tight relationships with top‑tier device makers. The main risks are customer concentration and exposure to smartphone demand and design cycles, which create earnings volatility even against a backdrop of generally healthy margins. The strategic push into PCs, high‑performance mixed‑signal, automotive, and AI‑driven audio is aimed at broadening the revenue base and leveraging existing capabilities into new markets. Execution on this diversification while maintaining leadership in flagship smartphone audio will be central to the company’s long‑term trajectory.

NEWS

November 4, 2025 · 4:01 PM UTC

Cirrus Logic Reports Record Fiscal Second Quarter Revenue of $561.0 Million

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October 14, 2025 · 4:00 PM UTC

Cirrus Logic to Report Second Quarter Fiscal Year 2026 Results

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October 13, 2025 · 1:34 PM UTC

Cirrus Vision Jet Elevates and Streamlines Business Operation

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October 8, 2025 · 1:38 PM UTC

Cirrus Adds Vision Jet Flight Training Simulator in Scottsdale

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October 2, 2025 · 10:00 AM UTC

Cirrus Therapeutics Raises $11 M Seed Financing to Advance Novel Ocular Gene Therapy to Reverse Underlying Age-Related Cause of Dry AMD

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