Cirrus Logic Inc
LSE:0HYI
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Cirrus Logic Inc
LSE:0HYI
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Cirrus Logic Inc
Cirrus Logic designs mixed-signal chips that help electronic devices handle sound, power, and touch feedback. Its parts show up most often in smartphones, tablets, laptops, headsets, and other consumer electronics, where they manage tasks like audio processing, power conversion, and haptic control. The company sells these chips to device makers and contract manufacturers that build finished products for brands like phone and PC makers. The business makes money by selling semiconductor components and related software to original equipment manufacturers. Customers usually buy Cirrus Logic parts as part of a device design, so once a chip is chosen and built into a product, the relationship can last for several product cycles. That makes design wins important, because the company earns when its chips are designed into high-volume consumer devices. What sets Cirrus Logic apart is its focus on specialized audio and mixed-signal functions rather than general-purpose processors. It sits in the supply chain between chip fabrication and consumer device assembly, supplying small but important components that affect sound quality, battery use, and user experience. That gives it a narrow but important role in electronics, especially in devices where space, power use, and audio performance matter.
Cirrus Logic designs mixed-signal chips that help electronic devices handle sound, power, and touch feedback. Its parts show up most often in smartphones, tablets, laptops, headsets, and other consumer electronics, where they manage tasks like audio processing, power conversion, and haptic control. The company sells these chips to device makers and contract manufacturers that build finished products for brands like phone and PC makers.
The business makes money by selling semiconductor components and related software to original equipment manufacturers. Customers usually buy Cirrus Logic parts as part of a device design, so once a chip is chosen and built into a product, the relationship can last for several product cycles. That makes design wins important, because the company earns when its chips are designed into high-volume consumer devices.
What sets Cirrus Logic apart is its focus on specialized audio and mixed-signal functions rather than general-purpose processors. It sits in the supply chain between chip fabrication and consumer device assembly, supplying small but important components that affect sound quality, battery use, and user experience. That gives it a narrow but important role in electronics, especially in devices where space, power use, and audio performance matter.
Record year: Cirrus Logic reported record fiscal 2026 revenue of $2 billion, up 5% from last year, and record earnings per share of $9.26.
Q4 beat: March quarter revenue was $448.5 million, above the midpoint of guidance, helped by strong smartphone demand, though sequential revenue fell 23% as phone unit volumes declined.
Outlook: First-quarter fiscal 2027 revenue is guided to $430 million to $490 million, with management saying June looks stronger than a typical quarter and that the gap to September should be smaller than usual.
R&D increase: The company plans to increase R&D investment in fiscal 2027, citing a strong pipeline of opportunities across smartphones, PCs and new markets.
PC momentum: PC revenue grew strongly in fiscal 2026, and management expects continued strong growth in fiscal 2027 as SDCA adoption rises and more revenue comes from mainstream devices.
New opportunities: Management highlighted progress in camera controllers, advanced battery and power applications, a new smart power IC for 3D sensing, and broader general-market products.
Balance sheet: Cirrus ended fiscal 2026 with about $1.2 billion in cash and investments, no debt, and $274.1 million remaining on its share repurchase authorization.
