CRUS
Cirrus Logic, Inc.

Cirrus Logic, Inc.CRUS

Technology · Semiconductors
113.58USD
+3.04%
Nov 08, 2026
CRUS overview ready
Fabless semiconductor supplier of audio ICs for premium consumer electronics
Fabless supplier of low-power, high-precision audio and high-performance mixed-signal ICs, including smart codecs, amplifiers, camera controllers, haptic drivers and sensing solutions.
Primary theme is lagging
Analog Semiconductors is lagging (-10.8pp vs SPY over 21 sessions; 3 of 10 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
High dependence on smartphone OEMs, especially Apple.
Market Nov 6Filing Sep 26Price action Nov 7Research Oct 2

Conviction Level

PriceAction5.4BusinessPerformance5.0BusinessQuality9.0Valuation8.8ThemeMomentum1.0Mixed — Revenue is roughly flat year over year (-0.3%). Diluted EPS fell 10% year over year to $2.23. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−10.8pp
Theme return
−15.8%
Beating SPY
3 of 10
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$5.7B
Avg Volume (60D)
836.0K
60 sessions
Revenue Growth YoY
+5.3%
FY2026 vs FY2025
Gross Margin
+53.1%
Trailing twelve months
Operating Margin
+22.5%
Trailing twelve months
Free Cash Flow Yield
+9.3%
Distance from 200DMA
-18.0%
Next Earnings
2027-02-02
P/E
13.7x
EV / EBITDA
9.6x
EV / Sales
2.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 26, 2026
Filed balance-sheet data as of Sep 26, 2026

Business Performance

Mixed

Revenue is roughly flat year over year (-0.3%). Diluted EPS fell 10% year over year to $2.23.

Latest reported: Q2 FY2027, ended Sep 26
Revenue growthFlat
-0.3%
$559M in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +4.5%
  2. +5.7%
  3. +13%
  4. -0.3%
Earnings growthDeclining
-10%
Diluted EPS $2.23 vs $2.48 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +26%
  2. n/a
  3. +29%
  4. -10%
Operating marginStable
23.7%
-2.1 pp YoY · gross margin 53.7% (+1.2 pp)

Business Quality

9.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view.
Cirrus Logic, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Fabless supplier of low-power, high-precision audio and high-performance mixed-signal ICs, including smart codecs, amplifiers, camera controllers, haptic drivers and sensing solutions.
Key risk
High dependence on smartphone OEMs, especially Apple.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductors
What they do

Cirrus Logic is a fabless semiconductor company that designs and develops mixed-signal processing and audio integrated circuits for consumer electronics and other applications globally.

How it earns

The company generates revenue primarily through transactional sales of semiconductor components to device manufacturers.

Products & services
Audio amplifiers
Codec components integrating ADCs and DACs
Smart codecs with integrated DSP
Standalone digital signal processors
SoundClear audio technology
Customers & end markets
Smartphone manufacturers
Consumer electronics OEMs
Automotive electronics makers
Professional audio equipment producers
Industrial and imaging device manufacturers
Market position

Cirrus Logic is a specialized fabless supplier focused on low-power, high-precision audio and mixed-signal ICs with a strong position in premium smartphone components.

Demand drivers
Medium cyclicality

Demand is influenced by smartphone design cycles and consumer electronics market fluctuations.

Peers

Companies validated as economically comparable to CRUS — similar business, revenue model and scale.
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