Cirrus Logic Inc. (CRUS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.81	$1.84	+1.7%	—	$459.7M	—
Q4 26	$1.76	$1.95	+10.8%	—	$448.5M	—
Q3 26	$2.01	$2.62	+30.3%	—	$580.6M	—
Q2 26	$2.38	$2.83	+18.9%	—	$561M	—
Q1 26	$1.1	$1.51	+37.3%	—	$407.3M	—
Q4 25	$1.18	$1.67	+41.5%	—	$424.5M	—
Q3 25	$2.04	$2.51	+23.0%	—	$555.7M	—
Q2 25	$2.02	$2.25	+11.4%	—	$541.9M	—
Q1 25	$0.62	$1.12	+80.6%	—	$374M	—
Q4 24	$0.64	$1.24	+93.8%	—	$371.8M	—
Q3 24	$2.01	$2.89	+43.8%	—	$619M	—
Q2 24	$1.54	$1.8	+16.9%	—	$481.1M	—
Q1 24	$0.41	$0.67	+63.4%	—	$317M	—
Q4 23	$0.84	$0.92	+9.5%	—	$372.8M	—
Q3 23	$1.99	$2.4	+20.6%	—	$590.6M	—
Q2 23	$1.44	$1.99	+38.2%	—	$540.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$8.1	—	—	$2B	—
FY25	—	$6.24	—	—	$1.9B	—
FY24	—	$5.06	—	—	$1.8B	—
FY23	—	$3.18	—	—	$1.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.5B	$1.5B	$1.2B	$1.3B	$1.4B	$1.8B	$1.9B	$1.8B	$1.9B	$2B
YoY change	+31.6%	-0.44%	-22.6%	+8.06%	+6.88%	+30.1%	+6.52%	-5.73%	+5.99%	+5.34%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.5B	1.5B	1.2B	1.3B	1.4B	1.8B	1.9B	1.8B	1.9B	2B
Cost of revenue	781.1M	771.5M	588M	607M	661.9M	857.8M	940.6M	872.8M	900M	943.2M
Gross profit	757.8M	760.7M	597.5M	674.2M	707.3M	923.6M	957M	916.1M	996M	1.1B
Gross margin	49.2%	49.6%	50.4%	52.6%	51.7%	51.8%	50.4%	51.2%	52.5%	52.8%
Research & development	303.7M	366.4M	375.1M	347.6M	342.8M	406.3M	458.4M	426.5M	434.7M	434M
Selling, general & administrative	127.3M	131.8M	126.5M	131.1M	127M	151M	153.1M	144.2M	151M	159.8M
Operating expenses	430.9M	498.3M	501.6M	478.8M	469.8M	557.3M	611.6M	570.6M	585.7M	593.8M
Operating income	326.9M	262.5M	95.9M	195.4M	237.5M	366.3M	345.4M	345.4M	410.4M	460.4M
Operating margin	21.2%	17.1%	8.09%	15.3%	17.3%	20.6%	18.2%	19.3%	21.6%	23%
Non-operating income, net	-9.9M	-971K	-9.1M	-23.5M	2.5M	1.7M	-99.8M	-2.1M	1.5M	-487K
Pretax income	315M	265.1M	93.7M	181.3M	245.2M	368.7M	254.7M	363.9M	444.9M	496.7M
Income tax	53.8M	103.1M	3.8M	21.8M	27.9M	42.3M	78M	89.4M	113.4M	82.3M
Net income	261.2M	162M	90M	159.5M	217.3M	326.4M	176.7M	274.6M	331.5M	414.4M
Net margin	17%	10.6%	7.59%	12.4%	15.9%	18.3%	9.31%	15.3%	17.5%	20.7%
EBITDA	391.9M	347.7M	183.5M	272.5M	293.7M	431.7M	423.2M	415.1M	496.8M	549.9M
EPS	4.12	2.55	1.5	2.74	3.74	5.7	3.18	5.06	6.24	8.1
Diluted EPS	3.92	2.46	1.46	2.64	3.62	5.52	3.09	4.9	6	7.85

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	481.1M	619M	371.8M	374M	541.9M	555.7M	424.5M	407.3M	561M	580.6M	448.5M	459.7M
Cost of revenue	234.5M	301.5M	179.2M	185.1M	259.3M	258M	197.7M	193.2M	266.6M	272.5M	210.9M	217.9M
Gross profit	246.6M	317.5M	192.6M	188.9M	282.6M	297.8M	226.7M	214M	294.4M	308.1M	237.6M	241.9M
Gross margin	51.3%	51.3%	51.8%	50.5%	52.2%	53.6%	53.4%	52.6%	52.5%	53.1%	53%	52.6%
Research & development	104.2M	112.7M	103.4M	105.4M	112.9M	113M	103.4M	102.9M	110M	113.6M	107.5M	115M
Selling, general & administrative	34.3M	37.6M	36.9M	36.8M	37.8M	39M	37.4M	38.7M	39.6M	41.6M	39.9M	42.4M
Operating expenses	138.5M	150.3M	140.2M	142.1M	150.7M	152M	140.8M	141.6M	149.6M	155.2M	147.3M	157.4M
Operating income	108.1M	167.2M	52.4M	46.8M	131.9M	145.8M	85.9M	72.4M	144.8M	152.9M	90.3M	84.4M
Operating margin	22.5%	27%	14.1%	12.5%	24.3%	26.2%	20.2%	17.8%	25.8%	26.3%	20.1%	18.4%
Non-operating income, net	-2.4M	23K	-78K	1.6M	19K	-214K	55K	-388K	-63K	246K	-282K	-363K
Pretax income	109.4M	172.1M	59.7M	56.6M	140M	153.7M	94.6M	80.6M	153.4M	162.4M	100.3M	94.2M
Income tax	34M	33.4M	14.8M	14.5M	37.9M	37.7M	23.3M	19.9M	21.8M	22.1M	18.5M	17.3M
Net income	75.4M	138.7M	44.8M	42.1M	102.1M	116M	71.3M	60.7M	131.6M	140.3M	81.8M	76.9M
Net margin	15.7%	22.4%	12.1%	11.3%	18.8%	20.9%	16.8%	14.9%	23.5%	24.2%	18.2%	16.7%
EBITDA	123.6M	184.7M	71.9M	69.2M	152.9M	166.7M	108M	94M	166.3M	175.7M	113.8M	107.6M
EPS	1.38	2.57	0.83	0.79	1.92	2.19	1.35	1.17	2.57	2.75	1.61	1.52
Diluted EPS	1.34	2.5	0.81	0.76	1.83	2.11	1.31	1.14	2.48	2.66	1.56	1.47

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	3.8B	2.6B	2.5B	3.8B	4.9B	4.9B	6.1B	5B	5.3B	7.4B	6B
Enterprise value	3.5B	2.3B	2.2B	3.7B	4.6B	4.7B	5.7B	4.7B	4.8B	6.6B	5.2B
Shares outstanding	63.3M	63.4M	60.1M	58.3M	58.1M	57.3M	55.6M	54.3M	53.1M	51.1M	51.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	14.7	15.9	28.1	24	22.7	14.9	34.4	18.3	16	17.8	14.7
P/S	2.5	1.68	2.13	2.99	3.6	2.73	3.21	2.81	2.79	3.7	2.93
P/B	3.34	2.22	2.22	3.11	3.55	3.04	3.67	2.77	2.72	3.48	2.76
EV/EBITDA	8.81	6.66	12.2	13.4	15.6	10.8	13.6	11.2	9.75	12.1	10
EV/Sales	2.24	1.51	1.89	2.85	3.34	2.61	3.03	2.6	2.55	3.33	2.56
Earnings yield	6.8%	6.29%	3.56%	4.17%	4.41%	6.72%	2.9%	5.46%	6.26%	5.6%	6.82%
FCF yield	8.29%	9.09%	6.76%	7.17%	6.67%	1.95%	4.98%	7.63%	7.85%	8.6%	7.53%
PEG	—	—	—	—	—	—	—	—	—	—	0.49

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	49.2%	49.6%	50.4%	52.6%	51.7%	51.8%	50.4%	51.2%	52.5%	52.8%	52.6%
Operating margin	21.2%	17.1%	8.09%	15.3%	17.3%	20.6%	18.2%	19.3%	21.6%	23%	18.4%
Net margin	17%	10.6%	7.59%	12.4%	15.9%	18.3%	9.31%	15.3%	17.5%	20.7%	21%
ROE	22.7%	13.9%	7.89%	13%	15.6%	20.4%	10.7%	15.1%	17%	19.5%	20.9%
ROA	18.5%	11.3%	6.65%	10%	11.9%	15.4%	8.56%	12.3%	14.2%	16.6%	12.2%
ROIC	35.6%	17.8%	10.8%	16.2%	20.4%	23.2%	18.2%	18%	20.4%	27.9%	27.9%
Return on tangible assets	45.9%	25.7%	14%	16.8%	17.9%	34.9%	15.9%	21.1%	23.7%	26.3%	26.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	5.39	4.38	5.41	4.1	3.94	3.17	4.7	5.93	6.35	7.37	7.58
Quick ratio	4.22	2.91	3.98	3.17	3.13	2.65	3.63	4.72	4.82	6.13	6.23
Debt / equity	0.05	—	0	0.12	0.1	0.11	0.09	0.09	0.07	0.06	0.06
Debt / assets	0.04	—	0	0.09	0.08	0.08	0.07	0.07	0.06	0.05	0.05
Net debt / EBITDA	-1	—	-1.56	-0.63	-1.21	-0.47	-0.8	-0.89	-0.91	-1.37	-1.35
Interest coverage	88.5	230.9	89.7	172.5	233	389.9	284.7	398.7	496.4	554.2	509.7
Effective tax rate	17.1%	38.9%	4%	12%	11.4%	11.5%	30.6%	24.6%	25.5%	16.6%	15.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	24.3	24.2	19.7	22	23.6	31.1	34.1	33	35.7	39.1	40.3
EPS (basic)	4.12	2.55	1.5	2.74	3.74	5.7	3.18	5.06	6.24	8.1	8.1
EPS (diluted)	3.92	2.46	1.46	2.64	3.62	5.52	3.09	4.9	6	7.85	8.18
Book value per share	18.2	18.3	19	21.1	23.9	27.9	29.8	33.5	36.7	41.6	43.4
FCF per share	5.03	3.69	2.84	4.7	5.65	1.65	5.45	7.06	7.82	12.4	10.9
Cash per share	7.12	4.13	4.76	5.39	8.57	6.64	8.64	9.7	11.2	17.4	17.8
Capex per share	0.66	0.87	0.53	0.27	0.31	0.46	0.63	0.69	0.43	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.72%	3.6%	2.67%	1.22%	1.33%	1.47%	1.85%	2.1%	1.2%	—	—
Capex / operating cash flow	12.7%	17.5%	13.9%	5.02%	5.13%	8.29%	12.4%	10.2%	6.36%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$481.1M	$619M	$371.8M	$374M	$541.9M	$555.7M	$424.5M	$407.3M	$561M	$580.6M	$448.5M	$459.7M
YoY change	-11%	+4.81%	-0.27%	+18%	+12.6%	-10.2%	+14.2%	+8.89%	+3.53%	+4.48%	+5.67%	+12.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	451M	262M	286.4M	314.1M	497.9M	380.4M	480.8M	526.5M	595.8M	887.6M
Receivables	120M	100.8M	120.7M	154M	108.7M	240.3M	150.5M	162.5M	216M	220.1M
Inventory	167.9M	205.8M	164.7M	146.7M	173.3M	138.4M	233.4M	227.2M	299.1M	240.9M
Total current assets	775.9M	613.7M	625M	650.2M	842.5M	840M	1B	1.1B	1.2B	1.4B
Property, plant & equipment	93.9M	119.8M	123M	235.7M	224.7M	264.4M	227.1M	244.4M	222.4M	200.5M
Goodwill & intangibles	843.9M	800.5M	708.2M	643M	619.1M	1.2B	949.6M	931M	926.8M	913.3M
Total assets	1.4B	1.4B	1.4B	1.6B	1.8B	2.1B	2.1B	2.2B	2.3B	2.5B
Accounts payable	73.8M	69.8M	48.4M	78.4M	102.7M	115.4M	81.5M	55.5M	63.2M	80.6M
Short-term debt	—	—	—	13.6M	14.6M	14.7M	18.4M	20.6M	21.8M	19.9M
Total current liabilities	144.1M	140.2M	115.5M	158.6M	213.6M	264.8M	216.3M	186.4M	195.2M	194.7M
Long-term debt	60M	—	0	129.3M	127.9M	163.2M	122.6M	134.6M	121.9M	114.1M
Total liabilities	261.8M	268.4M	212.4M	362.9M	441.6M	523.6M	405.7M	414.6M	377.6M	361.4M
Shareholders' equity	1.2B	1.2B	1.1B	1.2B	1.4B	1.6B	1.7B	1.8B	1.9B	2.1B
Total debt	60M	—	0	142.9M	142.5M	177.8M	141.1M	155.2M	143.7M	134M
Net debt	-291.2M	—	-216.2M	-149.2M	-299.7M	-192M	-304.7M	-347.5M	-395.9M	-667M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	312.4M	516.8M	526.5M	517M	478.3M	564M	595.8M	614.8M	645.9M	822.4M	887.6M	891.3M
Receivables	271.9M	217.3M	162.5M	190.1M	324.1M	261.9M	216M	214.1M	355.4M	279M	220.1M	254M
Inventory	328.9M	256.7M	227.2M	232.6M	271.8M	275.6M	299.1M	279M	236.4M	189.5M	240.9M	262.7M
Total current assets	1.1B	1.2B	1.1B	1.1B	1.2B	1.3B	1.2B	1.2B	1.4B	1.4B	1.4B	1.5B
Property, plant & equipment	315.2M	308.6M	244.4M	307.2M	301.6M	293.4M	222.4M	278.1M	276.5M	271.8M	200.5M	266.9M
Goodwill & intangibles	939.5M	935.2M	931M	927.1M	923.3M	919.8M	926.8M	923.3M	920.8M	917.1M	913.3M	910.2M
Total assets	2.1B	2.2B	2.2B	2.3B	2.4B	2.4B	2.3B	2.3B	2.4B	2.5B	2.5B	2.6B
Accounts payable	87.3M	56.2M	55.5M	77.6M	91.9M	77.9M	63.2M	66.3M	80M	68.9M	80.6M	78.1M
Short-term debt	19.9M	19.9M	20.6M	22.1M	22.8M	21.9M	21.8M	21.1M	19.5M	19.7M	19.9M	20.8M
Total current liabilities	201.2M	178.6M	186.4M	201.7M	229.3M	210.9M	195.2M	188.7M	210.3M	184.2M	194.7M	194.3M
Long-term debt	136M	138.4M	134.6M	132M	129.8M	124.6M	121.9M	120.3M	121M	117.6M	114.1M	109.7M
Total liabilities	396.1M	416.4M	414.6M	418M	428M	400.4M	377.6M	364.4M	387.2M	353.3M	361.4M	371.1M
Shareholders' equity	1.7B	1.8B	1.8B	1.8B	1.9B	2B	1.9B	1.9B	2B	2.1B	2.1B	2.2B
Total debt	155.9M	158.3M	155.2M	154.1M	152.6M	146.5M	143.7M	141.3M	140.5M	137.3M	134M	130.5M
Net debt	-121.9M	-325.6M	-347.5M	-337.3M	-293.2M	-380M	-395.9M	-407.5M	-453M	-640.8M	-667M	-680.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	261.2M	162M	90M	159.5M	217.3M	326.4M	176.7M	274.6M	331.5M	414.4M
Depreciation & amortization	63.4M	81.4M	79.8M	68.2M	47.1M	62.1M	71.2M	48.3M	51M	52.3M
Stock-based compensation	39.6M	48.7M	49.7M	53.8M	56.8M	66.4M	81.6M	89.3M	84.1M	81.8M
Change in working capital	-54.4M	15.1M	5.3M	13.7M	40.7M	-124.7M	-25M	-33.6M	-109M	80.2M
Operating cash flow	329.7M	315M	227M	311.9M	356M	315.5M	283.7M	369.6M	358.4M	650.6M
Capital expenditure	-41.8M	-55.2M	-31.6M	-15.7M	-18.3M	-26.1M	-35.1M	-37.6M	-22.8M	—
Investing cash flow	-60.4M	-155.4M	-50.5M	-94.3M	-75.5M	-14.5M	-31.7M	-162.3M	-118.3M	-60.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-29.5M	-193.6M	-173.1M	-138.3M	-128.4M	-190.2M	-209.5M	-205M	-298.7M	-318M
Financing cash flow	-117.5M	-249.6M	-171.5M	-119.6M	-121.2M	-178.7M	-230.3M	-201.7M	-283.2M	-314.2M
Net change in cash	151.8M	-89.9M	5M	98M	159.4M	122.2M	21.8M	5.6M	-43.1M	276.1M
Free cash flow	318.5M	234.2M	170.9M	274.2M	328.5M	94.7M	302.9M	383.3M	415.6M	635.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	75.4M	138.7M	44.8M	42.1M	102.1M	116M	71.3M	60.7M	131.6M	140.3M	81.8M	76.9M
Depreciation & amortization	11.6M	12.7M	12M	12.4M	12.6M	12.8M	13.2M	13.2M	12.7M	13.1M	13.3M	13.2M
Stock-based compensation	21.3M	23.1M	22.2M	21.4M	22.4M	20.8M	19.5M	20.8M	20.6M	20.6M	19.8M	20.6M
Change in working capital	-142.7M	112.2M	99.1M	-26.3M	-146.3M	38.5M	25.1M	15.2M	-77.8M	101.7M	41.1M	-60M
Operating cash flow	-31M	296.7M	163.8M	44.7M	-4M	196.2M	121.5M	116.1M	92.2M	290.8M	151.4M	64.1M
Capital expenditure	-8.5M	-9.8M	-7.1M	-10M	-2.7M	-6.7M	-3.4M	—	—	—	—	—
Investing cash flow	-9.1M	-37M	-101.6M	-66.4M	-5.4M	-39.1M	-7.4M	-3.4M	-3.4M	-1.4M	-52M	-3.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-42.7M	-70.6M	-52.2M	-42.2M	-53.2M	-99.1M	-104.1M	-101M	-41.2M	-100.7M	-75M	-34.3M
Financing cash flow	-42.7M	-70.6M	-49.4M	-32M	-48.3M	-98.8M	-104.1M	-100.7M	-39.7M	-99.7M	-74.2M	-35M
Net change in cash	-82.7M	189.1M	12.7M	-53.7M	-57.8M	58.3M	10.1M	12M	49.1M	189.8M	25.2M	25.2M
Free cash flow	-31.3M	303.9M	162.8M	77M	5.5M	211.9M	121.2M	113.4M	87.7M	285.7M	149M	48.6M

Cirrus Logic Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement