A Business at a Glance
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CIRRUS LOGIC, INC.
CRUS
$7.1B
Mkt Cap
$133.61
+0.06%
CIRRUS LOGIC, INC. (CRUS) has a current P/E ratio of 17.6, compared to its historical median P/E of 18.9. The stock is currently considered Fair based on its historical valuation range.
CIRRUS LOGIC, INC. (CRUS) has a 5-year average return on invested capital (ROIC) of 23.0%. This indicates strong capital allocation and a potential competitive advantage.
CIRRUS LOGIC, INC. (CRUS) has a market capitalization of $7.1B. It is classified as a mid-cap stock.
CIRRUS LOGIC, INC. (CRUS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.97%.
Based on historical P/E analysis, CIRRUS LOGIC, INC. (CRUS) appears fair. The current P/E of 17.6 is 7% below its historical median of 18.9. The estimated fair value CAGR (P/E method) is 14.9%.
CIRRUS LOGIC, INC. (CRUS) operates in the Semiconductors & Related Devices industry, within the Technology sector.
CIRRUS LOGIC, INC. (CRUS) reported annual revenue of $2.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications, with a three-pronged strategy focused on maintaining leadership in smartphone audio, expanding high-performance mixed-signal content in smartphones, and leveraging audio and mixed-signal expertise to enter new markets including PCs, automotive, professional audio, and industrial imaging. The company develops custom and general market components that address customers' technical and price requirements across product tiers, building strong engineering relationships with key players and creating highly differentiated, often programmable products that span the analog-to-digital divide. Revenue is generated through component sales to smartphone manufacturers and an expanding base of PC, automotive, professional audio, and industrial customers, with the business model characterized by design-in cycles that create extended product life cycles and sustained revenue visibility. The company maintains primary facilities in Austin, Texas, with additional offices across the United States, United Kingdom, Taiwan, China, South Korea, Japan, and Singapore, serving a global customer base dominated by leading smartphone OEMs and increasingly diversified across consumer and commercial computing, automotive, and professional audio segments.
【Diversification and content expansion】 Management expects continued strong growth in fiscal 2027 driven by smartphone demand and accelerating PC adoption, with particular momentum in SoundWire device-class audio (SDCA) technology where the company anticipates SDCA will represent approximately 80% of PC revenue and mainstream platforms will account for more than half of total PC revenue. The company plans to increase R&D investment throughout fiscal 2027 to capitalize on opportunities in general market applications including automotive, professional audio, and industrial imaging, while maintaining operational discipline and leveraging its advanced design capabilities to deliver extended product life cycles. Management anticipates further pricing adjustments on products but expects to offset these through supply chain cost improvements and efficiencies, with gross margin expected to remain in the 51–53% range in the near term.
| Metric | Target | Period |
|---|---|---|
| Revenue | $430 million–$490 million | Q1 FY2027 |
| Gross margin | 51%–53% | Q1 FY2027 |
| Non-GAAP tax rate | 16%–18% | FY2027 |
Revenue (Q1 FY2027): “For Q1 fiscal year 2027, we expect revenue in the range of $430 million-$490 million, up 3% sequentially and 13% year-over-year at the midpoint.”
Gross margin (Q1 FY2027): “We expect gross margin to range from 51%-53%.”
Non-GAAP tax rate (FY2027): “We expect our fiscal year 2027 non-GAAP tax rate to be approximately 16%-18%.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 2.0B | 2.0B | 1.9B | 1.8B | 1.9B | 1.8B |
| Net Income | 414M | 414M | 332M | 275M | 177M | 326M |
| EPS | $7.85 | $7.85 | $6.00 | $4.90 | $3.09 | $5.52 |
| Free Cash Flow | 637M | 637M | 422M | 384M | 304M | 99M |
| ROIC | 28.9% | 28.1% | 22.4% | 20.5% | 14.1% | 29.8% |
| Gross Margin | 52.8% | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 460M | 460M | 410M | 343M | 249M | 366M |
| Operating Margin | 23.0% | 23.0% | 21.6% | 19.2% | 13.1% | 20.6% |
| ROE | 19.5% | 20.3% | 17.6% | 15.8% | 10.8% | 21.8% |
| Shares Outstanding | 53M | 53M | 55M | 56M | 57M | 59M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 917M | 1.2B | 1.5B | 1.5B | 1.2B | 1.3B | 1.4B | 1.8B | 1.9B | 1.8B | 1.9B | 2.0B | 2.0B |
| Gross Margin | 46.5% | 47.5% | 49.2% | 49.6% | 50.4% | 52.6% | 51.7% | 51.8% | 50.4% | 51.2% | 52.5% | 52.8% | 52.8% |
| R&D | 198M | 269M | 304M | 366M | 375M | 348M | 343M | 406M | 458M | 426M | 435M | 434M | 434M |
| SG&A | 100M | 117M | 127M | 132M | 127M | 131M | 127M | 151M | 153M | 144M | 151M | 160M | 160M |
| EBIT | 109M | 180M | 317M | 262M | 101M | 173M | 237M | 366M | 249M | 343M | 410M | 460M | 460M |
| Op. Margin | 11.9% | 15.4% | 20.6% | 17.1% | 8.5% | 13.5% | 17.3% | 20.6% | 13.1% | 19.2% | 21.6% | 23.0% | 23.0% |
| Net Income | 55M | 124M | 261M | 162M | 90M | 159M | 217M | 326M | 177M | 275M | 332M | 414M | 414M |
| Net Margin | 6.0% | 10.6% | 17.0% | 10.6% | 7.6% | 12.4% | 15.9% | 18.3% | 9.3% | 15.3% | 17.5% | 20.7% | 20.7% |
| Non-Recurring | -163K | 147K | 0 | 0 | 4.9M | 22M | 352K | 0 | 11M | 2.0M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 12.3% | 13.3% | 24.0% | 19.8% | 11.3% | 19.6% | 27.7% | 29.8% | 14.1% | 20.5% | 22.4% | 28.1% | 28.9% |
| ROE | 7.9% | 15.3% | 26.0% | 14.0% | 7.8% | 13.5% | 16.6% | 21.8% | 10.8% | 15.8% | 17.6% | 20.3% | 19.5% |
| ROA | 5.9% | 10.6% | 20.1% | 11.4% | 6.5% | 10.8% | 12.7% | 16.5% | 8.4% | 12.8% | 14.5% | 17.2% | 16.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 163M | 149M | 370M | 319M | 207M | 296M | 349M | 125M | 340M | 422M | 444M | 651M | 651M |
| Free Cash Flow | 131M | 107M | 328M | 264M | 175M | 280M | 331M | 99M | 304M | 384M | 422M | 637M | 637M |
| Owner Earnings | 91M | 57M | 267M | 189M | 77M | 174M | 245M | -3.7M | 187M | 284M | 309M | 516M | 516M |
| CapEx | 32M | 42M | 42M | 55M | 32M | 16M | 18M | 26M | 35M | 38M | 23M | 14M | 14M |
| Maint. CapEx | 35M | 58M | 63M | 81M | 80M | 68M | 47M | 62M | 71M | 48M | 51M | 52M | 52M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 35M | 58M | 63M | 81M | 80M | 68M | 47M | 62M | 71M | 48M | 51M | 52M | 52M |
| CapEx/OCF | 19.8% | 27.9% | 11.3% | 17.3% | 15.3% | 5.3% | 5.2% | 21.0% | 10.3% | 8.9% | 5.1% | N/A | 2.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 11M | 61M | 15M | 176M | 160M | 120M | 110M | 168M | 191M | 186M | 261M | 280M | 280M |
| Buyback Yield | 0.5% | 2.6% | 0.4% | 6.8% | 6.2% | 3.2% | 2.2% | 3.3% | 3.2% | 3.6% | 4.7% | 0.0% | 4.0% |
| Stock-Based Comp | 38M | 34M | 40M | 49M | 50M | 54M | 57M | 66M | 82M | 89M | 84M | 82M | 82M |
| Debt Repayment | 46M | 20M | 100M | 60M | 0 | 0 | 0 | 1.7M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -80M | -90M | -391M | -435M | -445M | -598M | -811M | -370M | -446M | -503M | -540M | -801M | -801M |
| Cash & Equiv. | 76M | 169M | 351M | 236M | 216M | 292M | 442M | 370M | 446M | 503M | 540M | 801M | 801M |
| Long-Term Debt | 180M | 160M | 60M | 0 | 0 | 0 | 0 | 0 | 0 | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.24 | 0.19 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 19.3 | 54.5 | 88.1 | 227.6 | 95.3 | 164.1 | 224.4 | 386.4 | 277.3 | 143.1 | 146.6 | 512.7 | 512.7 |
| Equity | 757M | 859M | 1.2B | 1.2B | 1.1B | 1.2B | 1.4B | 1.6B | 1.7B | 1.8B | 1.9B | 2.1B | 2.1B |
| Total Assets | 1.1B | 1.2B | 1.4B | 1.4B | 1.4B | 1.6B | 1.8B | 2.1B | 2.1B | 2.2B | 2.3B | 2.5B | 2.5B |
| Total Liabilities | 392M | 322M | 262M | 268M | 212M | 363M | 442M | 524M | 406M | 415M | 378M | 361M | 361M |
| Intangibles | 176M | 163M | 135M | 112M | 68M | 34M | 22M | 158M | 39M | 30M | 27M | 21M | 21M |
| Retained Earnings | -401M | -344M | -107M | -139M | -222M | -202M | -113M | 23M | -9.3M | 59M | 90M | 185M | 185M |
| Working Capital | 275M | 378M | 632M | 473M | 509M | 492M | 629M | 575M | 802M | 920M | 1.0B | 1.2B | 1.2B |
| Current Assets | 452M | 506M | 776M | 614M | 625M | 650M | 843M | 840M | 1.0B | 1.1B | 1.2B | 1.4B | 1.4B |
| Current Liabilities | 177M | 128M | 144M | 140M | 116M | 159M | 214M | 265M | 216M | 186M | 195M | 195M | 195M |
| Per Share Data | |||||||||||||
| EPS | 0.85 | 1.87 | 3.92 | 2.46 | 1.46 | 2.64 | 3.62 | 5.52 | 3.09 | 4.90 | 6.00 | 7.85 | 7.85 |
| Owner EPS | 1.40 | 0.87 | 4.00 | 2.86 | 1.25 | 2.88 | 4.08 | -0.06 | 3.27 | 5.07 | 5.60 | 9.78 | 9.78 |
| Book Value | 11.66 | 13.00 | 17.28 | 17.64 | 18.50 | 20.36 | 23.13 | 27.06 | 29.00 | 32.43 | 35.28 | 40.31 | 40.31 |
| Cash Flow/Share | 2.52 | 2.25 | 5.55 | 4.84 | 3.35 | 4.90 | 5.81 | 2.11 | 5.94 | 7.53 | 8.04 | 12.32 | 8.84 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 64.9M | 66.1M | 66.6M | 65.9M | 61.6M | 60.4M | 60.0M | 59.1M | 57.2M | 56.0M | 55.3M | 52.8M | 52.8M |
| Valuation | |||||||||||||
| P/E Ratio | 39.2 | 18.5 | 15.5 | 16.0 | 28.5 | 23.5 | 22.9 | 15.6 | 33.8 | 18.9 | 16.6 | N/A | 17.0 |
| P/FCF | 16.5 | 21.3 | 12.3 | 9.8 | 14.7 | 13.4 | 15.1 | 51.8 | 19.6 | 13.5 | 13.0 | N/A | 11.1 |
| EV/EBIT | N/A | 13.2 | 11.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.6 |
| Price/Book | N/A | 2.7 | 3.5 | 2.2 | 2.2 | 3.0 | 3.6 | 3.2 | 3.6 | 2.9 | 2.8 | N/A | 3.3 |
| Price/Sales | 1.7 | 1.8 | 2.1 | 2.4 | 2.0 | 2.8 | 3.2 | 2.8 | 2.4 | 2.5 | 3.3 | N/A | 3.5 |
| FCF Yield | 6.1% | 4.7% | 8.1% | 10.2% | 6.8% | 7.5% | 6.6% | 1.9% | 5.1% | 7.4% | 7.7% | N/A | 9.0% |
| Market Cap | 2.2B | 2.3B | 4.0B | 2.6B | 2.6B | 3.7B | 5.0B | 5.1B | 6.0B | 5.2B | 5.5B | 0 | 7.1B |
| Avg. Price | 23.39 | 32.29 | 48.64 | 56.13 | 38.86 | 58.87 | 72.85 | 83.03 | 81.01 | 80.81 | 112.70 | 0.00 | 133.61 |
| Year-End Price | 33.29 | 34.58 | 60.70 | 39.33 | 41.62 | 61.92 | 83.01 | 86.36 | 104.39 | 92.56 | 99.51 | 0.00 | 133.61 |
CIRRUS LOGIC, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
CIRRUS LOGIC, INC. trades at 17.6x trailing earnings, compared to its 15-year median P/E of 18.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.1x vs a median of 13.5x. The company's 5-year average ROIC is 23.0% with a gross margin of 51.8%. Total shareholder yield (buybacks) is 4.0%. At current prices, the estimated annualized return to fair value is +12.1%.
CIRRUS LOGIC, INC. (CRUS) has a net profit margin of 20.7%. This is a strong margin indicating high profitability.
CIRRUS LOGIC, INC. (CRUS) generated $637 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CIRRUS LOGIC, INC. (CRUS) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
CIRRUS LOGIC, INC. (CRUS) reported earnings per share (EPS) of $7.85 in its most recent fiscal year.
CIRRUS LOGIC, INC. (CRUS) has a return on equity (ROE) of 20.3%. This indicates the company generates strong returns for shareholders.
CIRRUS LOGIC, INC. (CRUS) has a 5-year average gross margin of 51.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for CIRRUS LOGIC, INC. (CRUS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CIRRUS LOGIC, INC. (CRUS) has a book value per share of $40.31, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued strong growth in fiscal 2027 driven by smartphone demand and accelerating PC adoption, with particular momentum in SoundWire device-class audio (SDCA) technology where the company anticipates SDCA will represent approximately 80% of PC revenue and mainstream platforms will account for more than half of total PC revenue. The company plans to increase R&D investment throughout fiscal 2027 to capitalize on opportunities in general market applications including automotive, professional audio, and industrial imaging, while maintaining operational discipline and leveraging its advanced design capabilities to deliver extended product life cycles. Management anticipates further pricing adjustments on products but expects to offset these through supply chain cost improvements and efficiencies, with gross margin expected to remain in the 51–53% range in the near term.
Based on recent SEC filings and earnings calls, CIRRUS LOGIC, INC. (CRUS) has provided the following forward guidance: Revenue: $430 million–$490 million (Q1 FY2027); Gross margin: 51%–53% (Q1 FY2027); Non-GAAP tax rate: 16%–18% (FY2027).