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Cirrus Logic Inc
SWB:CRU

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Cirrus Logic Inc
SWB:CRU
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Price: 126.4 EUR -2.02% Market Closed
Market Cap: €6.8B

Cirrus Logic Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 3, 2026
AI Summary
Q3 2026

Revenue Beat: Cirrus Logic reported Q3 revenue of $580.6 million, above the top end of guidance, driven by strong smartphone demand and favorable product mix.

Record Earnings: The company achieved record earnings per share of $2.97 for the December quarter.

Cash Flow Strength: Exceptional free cash flow and a robust balance sheet, with $1.08 billion in cash and investments and no debt.

Guidance: Q4 revenue is expected between $410 million and $470 million, with gross margin guided at 51% to 53%.

PC Market Growth: Strong momentum in the PC business, expecting fiscal 2026 PC revenue to roughly double from fiscal 2025 levels.

General Market Headwinds: Revenue outside the largest customer declined due to strategic shift away from Android and end-of-life for older products, but new products and markets are expected to drive future growth.

AI and Automotive Initiatives: Progress on new voice-interface products for AI-enabled PCs and ramping of automotive haptic components, with expectations for these to become significant growth drivers.

Key Financials
Revenue
$580.6 million
Gross Margin
53.1%
Operating Expense
$133 million
Operating Income
$175.1 million
Operating Margin
30.2%
Tax Rate
15.1%
Net Income
$156.7 million
Earnings Per Share
$2.97
Cash and Investments
$1.08 billion
Inventory
$189.5 million
Days of Inventory
63 days
Cash Flow from Operations
$290.8 million (quarter), $629.6 million (TTM)
Free Cash Flow Margin
49% (quarter), 31% (TTM)
CapEx
$5.2 million (quarter), $21.6 million (TTM)
Share Buybacks
$70 million for 591,000 shares at $118.33 average price
Share Repurchase Authorization Remaining
$344.1 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. John M. Forsyth
CEO, President & Director
No Bio Available
Mr. Gregory Scott Thomas
Senior VP & General Counsel
No Bio Available
Mr. Justin E. Dougherty
Senior Vice President of Global Operations
No Bio Available
Mr. Jeffrey W. Baumgartner
Vice President of Research & Development
No Bio Available
Mr. Ulf Habermann
Controller, Treasurer, Principal Accounting Officer & Interim CFO
No Bio Available
Ms. Chelsea Heffernan
Director of Investor Relations
No Bio Available
Mr. Andrew Brannan
Vice President of Worldwide Sales
No Bio Available
Mr. David Biven
Director of Corporate Development
No Bio Available
Ms. Denise Grode
Chief Human Resources Officer
No Bio Available
Mr. Scott A. Anderson
Senior Vice President of Supply Chain
No Bio Available

Contacts

Address
TEXAS
Austin
800 W 6th St
Contacts
+15128514000.0
www.cirrus.com
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