CIRRUS LOGIC, INC. CRUS

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Cirrus Logic, Inc. ("Cirrus Logic," "We," "Us," "Our," or the "Company") is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world's top mobile and consumer applications.

We were incorporated in California in 1984, became a public company in 1989 and were reincorporated in the State of Delaware in February 1999. Our primary facility, which houses engineering, sales and marketing, and administrative functions, is located in Austin, Texas. We also have offices in various other locations in the United States, United Kingdom, Taiwan, the People's Republic of China, South Korea, Japan, and Singapore. Our common stock, which has been publicly traded since 1989, is listed on the NASDAQ's Global Select Market under the symbol CRUS.

Last close 112.32 2026-10-23
Market cap $5.63B 2026-06-27 share count
52-week range 105.10 - 180.42

Valuation FY2025 figures against the last close

P/S2.8x
P/E14.3x
P/FCF8.8x
EV/EBITDA11.0x
Dividend yield—
Diluted EPS7.85

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • China
  • Rest of World
  • Other
Revenue by geography, 3 categories over 2 years. The same figures are in the table below. FY2025 China, FY2025: 1.1B (53.4%) 53% China Rest of World, FY2025: 915.6M (45.8%) 46% Rest of World Other, FY2025: 14.9M (0.7%) FY2024 China, FY2024: 1.1B (59.4%) 59% Rest of World, FY2024: 753.9M (39.8%) 40% Other, FY2024: 15.8M (0.8%)
Region FY2025FY2024
China $1.07B $1.13B
Rest of World $915.6M $753.9M
Other $14.9M $15.8M

As the company reported it, from the “Revenues (Schedule of Geographic Disaggregation of Revenue) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.00B$1.90B$1.79B$1.90B$1.78B$1.37B$1.28B$1.19B$1.53B$1.54B
Cost of revenue $943.2M$900.0M$872.8M$940.6M$857.8M$661.9M$607.0M$588.0M$771.5M$781.1M
Gross profit $1.05B$996.0M$916.1M$957.0M$923.6M$707.3M$674.2M$597.5M$760.7M$757.8M
R&D $434.0M$434.7M$426.5M$458.4M$406.3M$342.8M$347.6M$375.1M$366.4M$303.7M
SG&A $159.8M$151.0M$144.2M$153.1M$151.0M$127.0M$131.1M$126.5M$131.8M$127.3M
Total operating expenses $593.8M$585.7M$572.6M$707.9M$557.3M$470.1M$500.7M$496.7M$498.3M$440.8M
Operating income $460.4M$410.4M$343.5M$249.0M$366.3M$237.2M$173.5M$100.8M$262.5M$317.1M
Interest expense $898.0K$898.0K$915.0K$898.0K$948.0K$1.1M$1.1M$1.1M$1.2M$3.6M
Pre-tax income $496.7M$444.9M$363.9M$254.7M$368.7M$245.2M$181.3M$93.7M$265.1M$315.0M
Income tax $82.3M$113.4M$89.4M$78.0M$42.3M$27.9M$21.8M$3.8M$103.1M$53.8M
Net income $414.4M$331.5M$274.6M$176.7M$326.4M$217.3M$159.5M$90.0M$162.0M$261.2M
EPS, basic 8.106.245.063.185.703.742.741.502.554.12
EPS, diluted 7.856.004.903.095.523.622.641.462.463.92
Shares, diluted (wtd. avg.) 52.8M55.2M56.0M57.2M59.1M60.1M60.5M61.6M66.0M66.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $800.9M$539.6M$502.8M$445.8M$369.8M$442.2M$292.1M$216.2M$235.6M$351.2M
Short-term investments ————$10.6M$55.7M$22.0M$70.2M$26.4M$99.8M
Receivables $220.1M$216.0M$162.5M$150.5M$240.3M$108.7M$154.0M$120.7M$100.8M$120.0M
Inventory $240.9M$299.1M$227.2M$233.4M$138.4M$173.3M$146.7M$164.7M$205.8M$167.9M
Total current assets $1.43B$1.24B$1.11B$1.02B$840.0M$842.5M$650.2M$625.0M$613.7M$775.9M
Property, plant and equipment $144.0M$159.9M$170.2M$163.0M$157.1M$154.9M$158.2M$186.2M$191.2M$168.1M
Goodwill $435.9M$435.9M$435.9M$435.9M$435.8M$287.5M$287.1M$286.2M$288.7M$286.8M
Other intangibles $20.7M$27.5M$29.6M$38.9M$158.1M$22.0M$34.4M$67.8M$111.5M$135.2M
Total assets $2.49B$2.33B$2.23B$2.06B$2.12B$1.83B$1.59B$1.35B$1.43B$1.41B
Accounts payable $80.6M$63.2M$55.5M$81.5M$115.4M$102.7M$78.4M$48.4M$69.8M$73.8M
Total current liabilities $194.7M$195.2M$186.4M$216.3M$264.8M$213.6M$158.6M$115.5M$140.2M$144.1M
Retained earnings $184.9M$90.4M$58.9M-$9.3M$23.4M-$112.7M-$201.7M-$222.4M-$139.3M-$107.0M
Total equity $2.13B$1.95B$1.82B$1.66B$1.60B$1.39B$1.23B$1.14B$1.16B$1.15B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $650.6M$444.4M$421.7M$339.6M$124.8M$348.9M$295.8M$206.7M$318.7M$369.8M
Depreciation and amortisation $52.3M$51.0M$48.3M$71.2M$62.1M$47.1M$68.2M$79.8M$81.4M$63.4M
Stock-based compensation $81.8M$84.1M$89.3M$81.6M$66.4M$56.8M$53.8M$49.7M$48.7M$39.6M
Capital expenditure $14.0M$22.8M$37.6M$35.1M$26.1M$18.3M$15.7M$31.6M$55.2M$41.8M
Investing cash flow -$75.1M-$124.3M-$163.0M-$33.3M-$18.4M-$77.7M-$100.2M-$54.7M-$184.7M-$69.9M
Financing cash flow -$314.2M-$283.2M-$201.7M-$230.3M-$178.7M-$121.2M-$119.6M-$171.5M-$249.6M-$117.5M
Buybacks $280.0M$261.0M$186.0M$191.4M$167.5M$110.0M$120.0M$160.0M$175.8M$15.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000772406-26-000024.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 1.5B Gross profit, FY2016: 757.8M Net income, FY2016: 261.2M Revenue, FY2017: 1.5B Gross profit, FY2017: 760.7M Net income, FY2017: 162M Revenue, FY2018: 1.2B Gross profit, FY2018: 597.5M Net income, FY2018: 90M Revenue, FY2019: 1.3B Gross profit, FY2019: 674.2M Net income, FY2019: 159.5M Revenue, FY2020: 1.4B Gross profit, FY2020: 707.3M Net income, FY2020: 217.3M Revenue, FY2021: 1.8B Gross profit, FY2021: 923.6M Net income, FY2021: 326.4M Revenue, FY2022: 1.9B Gross profit, FY2022: 957M Net income, FY2022: 176.7M Revenue, FY2023: 1.8B Gross profit, FY2023: 916.1M Net income, FY2023: 274.6M Revenue, FY2024: 1.9B Gross profit, FY2024: 996M Net income, FY2024: 331.5M Revenue, FY2025: 2B Gross profit, FY2025: 1.1B Net income, FY2025: 414.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.54B $1.53B $1.19B $1.28B $1.37B $1.78B $1.90B $1.79B $1.90B $2.00B
Gross profit $757.8M $760.7M $597.5M $674.2M $707.3M $923.6M $957.0M $916.1M $996.0M $1.05B
Net income $261.2M $162.0M $90.0M $159.5M $217.3M $326.4M $176.7M $274.6M $331.5M $414.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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