CRUS
Cirrus Logic, Inc.

Cirrus Logic, Inc.CRUS

Technology · Semiconductors
120.38USD
+0.33%
Sep 23, 2026
CRUS overview ready
Cirrus Logic is a fabless supplier of low-power, high-precision mixed-signal ICs, led by smartphone audio codecs and boosted amplifiers, with additional haptics, camera-controller, sensing and power-related products.
Narrative is still early
Exposed to the On-Device AI Device Upgrade Cycle narrative through Low-Power Audio, Voice and Human-Interface Semiconductors — component supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
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 customer concentration risk due to dependence on Apple.
Market Sep 22Filing Jun 27Price action Sep 22Research Sep 17

Conviction Level

NarrativeHeat6.2ThemeHeat4.9PriceAction6.9Valuation7.6CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock sits close to its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$6.0B
Avg Volume (60D)
897.4K
60 sessions
Revenue Growth YoY
+5.3%
FY2026 vs FY2025
Gross Margin
+52.8%
Trailing twelve months
Operating Margin
+23.0%
Trailing twelve months
Free Cash Flow Yield
+9.5%
Distance from 200DMA
-14.0%
Next Earnings
2026-11-03
P/E
14.0x
EV / EBITDA
9.8x
EV / Sales
2.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap.
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
Cirrus Logic is a fabless supplier of low-power, high-precision mixed-signal ICs, led by smartphone audio codecs and boosted amplifiers, with additional haptics, camera-controller, sensing and power-related products. It is extending this expertise into PCs and other consumer, professional-audio, industrial and automotive applications.
Opportunity
Limited opportunity
Device makers' push to differentiate AI-capable smartphones, PCs, wearables and other edge devices with always-available voice, higher-quality audio, sensing and responsive human-machine interfaces, increasing demand for specialized low-power mixed-signal interface components.
Key risk
High customer concentration risk due to dependence on Apple.

Narrative & Theme

On-Device AI Device Upgrade Cycle
Part of Low-Power Audio, Voice and Human-Interface Semiconductors, with limited fit.
CRUS has a credible but still early connection to the on-device-AI device refresh: its voice, audio, haptics and mixed-signal products can enable more natural device interaction, and the company has disclosed a component being sampled for voice interaction in future AI-enabled PCs.
Narrative HeatNeutral6.2 / 10
Theme HeatNeutral4.9 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Semiconductors
What they do

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

How it earns

The company generates revenue primarily through the sale of semiconductor products to device manufacturers on a transactional basis.

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 suppliers
Market position

Cirrus Logic is a leader in high-performance audio semiconductor solutions with a strong position in premium smartphone markets.

Demand drivers
Medium cyclicality

Demand for its products is linked to consumer electronics cycles and smartphone market trends, which can be volatile.