CRUS · Cirrus Logic, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $407.27M | $580.62M | $560.96M | $374.03M | $555.74M | $541.86M | $317.02M | $618.98M | $481.06M | $393.64M |
| Cost of Revenue | $193.24M | $272.50M | $266.59M | $185.10M | $257.95M | $259.27M | $157.63M | $301.52M | $234.47M | $191.00M |
| Gross Profit | $214.03M | $308.13M | $294.37M | $188.93M | $297.79M | $282.59M | $159.39M | $317.46M | $246.60M | $202.63M |
| R&D | $102.89M | $113.55M | $110.02M | $105.36M | $112.98M | $112.92M | $106.22M | $112.67M | $104.20M | $109.72M |
| SG&A | $38.74M | $41.65M | $39.59M | $36.77M | $39.04M | $37.81M | $35.38M | $37.60M | $34.32M | $38.64M |
| Total Operating Expenses | $141.64M | $155.20M | $149.61M | $142.13M | $152.02M | $150.74M | $141.59M | $149.92M | $140.85M | $148.36M |
| D&A | $13.17M | - | - | $12.36M | - | - | $11.94M | - | - | $16.52M |
| Operating Income | $72.39M | $152.93M | $144.76M | $46.79M | $145.77M | $131.85M | $17.79M | $167.55M | $105.75M | $54.28M |
| Interest Expense | $218.0K | $218.0K | $243.0K | $218.0K | $235.0K | $243.0K | $218.0K | $235.0K | $243.0K | $218.0K |
| Income Tax | $19.93M | $22.14M | $21.80M | $14.51M | $37.70M | $37.87M | $7.17M | $33.38M | $34.00M | $15.38M |
| Net Income | $60.70M | $140.31M | $131.60M | $42.09M | $116.00M | $102.14M | $15.60M | $138.72M | $75.41M | $39.71M |
| EPS - Basic | $1.17 | $2.75 | $2.57 | $0.79 | $2.19 | $1.92 | $0.28 | $2.57 | $1.38 | $0.71 |
| EPS - Diluted | $1.14 | $2.66 | $2.48 | $0.76 | $2.11 | $1.83 | $0.28 | $2.50 | $1.34 | $0.69 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $800.93M | $778.08M | $593.48M | $539.62M | $526.44M | $445.76M | $502.76M | $483.93M | $277.81M | $445.78M |
| Accounts Receivable | $220.15M | $278.99M | $355.40M | $216.01M | $261.94M | $324.10M | $162.48M | $217.27M | $271.89M | $150.47M |
| Inventory | $240.87M | $189.48M | $236.41M | $299.09M | $275.56M | $271.76M | $227.25M | $256.68M | $328.93M | $233.45M |
| Accounts Payable | $80.64M | $68.86M | $79.97M | $63.16M | $77.91M | $91.90M | $55.55M | $56.23M | $87.34M | $81.46M |
| Current Assets | $1.43B | $1.41B | $1.37B | $1.24B | $1.25B | $1.22B | $1.11B | $1.19B | $1.10B | $1.02B |
| Total Assets | $2.49B | $2.46B | $2.43B | $2.33B | $2.36B | $2.36B | $2.23B | $2.22B | $2.10B | $2.06B |
| Current Liabilities | $194.66M | $184.19M | $210.32M | $195.19M | $210.91M | $229.28M | $186.39M | $178.59M | $201.19M | $216.34M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.13B | $2.10B | $2.04B | $1.95B | $1.96B | $1.93B | $1.82B | $1.80B | $1.71B | $1.66B |
| Retained Earnings | $184.88M | $178.69M | $139.03M | $90.35M | $124.10M | $107.23M | $58.92M | $66.63M | ($1.21M) | ($9.32M) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $116.13M | - | - | $87.16M | - | - | ($39.81M) | - | - | $74.36M |
| Investing Cash Flow | ($6.21M) | - | - | ($66.56M) | - | - | ($14.63M) | - | - | ($7.72M) |
| Financing Cash Flow | ($100.67M) | - | - | ($32.02M) | - | - | ($38.99M) | - | - | ($57.13M) |
| CapEx | $2.64M | - | - | $9.99M | - | - | $12.31M | - | - | $6.78M |
| Free Cash Flow | $113.49M | - | - | $77.17M | - | - | ($52.12M) | - | - | $67.59M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 52.6% | 53.1% | 52.5% | 50.5% | 53.6% | 52.2% | 50.3% | 51.3% | 51.3% | 51.5% |
| Operating margin | 17.8% | 26.3% | 25.8% | 12.5% | 26.2% | 24.3% | 5.6% | 27.1% | 22.0% | 13.8% |
| EBITDA margin | 21.0% | - | - | 15.8% | - | - | 9.4% | - | - | 18.0% |
| Net margin | 14.9% | 24.2% | 23.5% | 11.3% | 20.9% | 18.8% | 4.9% | 22.4% | 15.7% | 10.1% |
| Free cash flow margin | 27.9% | - | - | 20.6% | - | - | -16.4% | - | - | 17.2% |
| FCF / Net income | 1.87 | - | - | 1.83 | - | - | -3.34 | - | - | 1.70 |
| R&D / Revenue | 25.3% | 19.6% | 19.6% | 28.2% | 20.3% | 20.8% | 33.5% | 18.2% | 21.7% | 27.9% |
| SG&A / Revenue | 9.5% | 7.2% | 7.1% | 9.8% | 7.0% | 7.0% | 11.2% | 6.1% | 7.1% | 9.8% |
| Effective tax rate | 24.7% | 13.6% | 14.2% | 25.6% | 24.5% | 27.0% | 31.5% | 19.4% | 31.1% | 27.9% |
| Return on assets | 2.4% | 5.7% | 5.4% | 1.8% | 4.9% | 4.3% | 0.7% | 6.3% | 3.6% | 1.9% |
| Return on equity | 2.9% | 6.7% | 6.4% | 2.2% | 5.9% | 5.3% | 0.9% | 7.7% | 4.4% | 2.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.37 | 7.65 | 6.50 | 6.35 | 5.93 | 5.34 | 5.93 | 6.64 | 5.45 | 4.70 |
| Quick ratio | 6.13 | 6.62 | 5.38 | 4.82 | 4.62 | 4.16 | 4.72 | 5.20 | 3.82 | 3.63 |
| Cash ratio | 4.11 | 4.22 | 2.82 | 2.76 | 2.50 | 1.94 | 2.70 | 2.71 | 1.38 | 2.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 332.1x | 701.5x | 595.7x | 214.6x | 620.3x | 542.6x | 81.6x | 713.0x | 435.2x | 249.0x |
| Equity multiplier | 1.17 | 1.17 | 1.19 | 1.19 | 1.20 | 1.22 | 1.23 | 1.23 | 1.23 | 1.24 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | 0.24 | 0.23 | 0.16 | 0.24 | 0.23 | 0.14 | 0.28 | 0.23 | 0.19 |
| Inventory turnover | 0.80 | 1.44 | 1.13 | 0.62 | 0.94 | 0.95 | 0.69 | 1.17 | 0.71 | 0.82 |
| Days sales outstanding | 197d | 175d | 231d | 211d | 172d | 218d | 187d | 128d | 206d | 140d |
| Days inventory outstanding | 455d | 254d | 324d | 590d | 390d | 383d | 526d | 311d | 512d | 446d |
| Days payable outstanding | 152d | 92d | 109d | 125d | 110d | 129d | 129d | 68d | 136d | 156d |
| Cash conversion cycle | 500d | 337d | 445d | 676d | 452d | 472d | 585d | 371d | 582d | 430d |
| Valuation | ||||||||||
| P / E | 125.8x | 45.4x | 50.9x | 130.9x | 48.3x | 66.4x | 330.6x | 33.3x | 53.6x | 153.0x |
| P / B | 3.6x | 3.0x | 3.3x | 2.8x | 2.9x | 3.5x | 2.9x | 2.6x | 2.4x | 3.7x |
| P / S | 18.8x | 11.0x | 11.9x | 14.8x | 10.1x | 12.5x | 16.5x | 7.5x | 8.4x | 15.5x |
| EV / EBITDA | 80.0x | - | - | 84.5x | - | - | 159.4x | - | - | 79.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.9% | 4.5% | 3.5% | 18.0% | -10.2% | 12.6% | -19.5% | 4.8% | -11.0% | 42.0% |
| Revenue CAGR (3y) | 1.1% | -0.6% | 1.2% | 10.5% | 0.4% | 5.2% | 9.3% | 8.4% | 11.5% | 18.2% |
| Revenue CAGR (5y) | 10.9% | 3.6% | 10.1% | 9.4% | 8.2% | 6.9% | 4.5% | 5.1% | 5.6% | 4.2% |
| Gross profit growth (YoY) | 13.3% | 3.5% | 4.2% | 18.5% | -6.2% | 14.6% | -21.3% | 7.0% | -9.1% | 44.8% |
| Operating income growth (YoY) | 54.7% | 4.9% | 9.8% | 163.0% | -13.0% | 24.7% | -67.2% | 18.5% | -9.0% | 184.1% |
| Net income growth (YoY) | 44.2% | 21.0% | 28.8% | 169.8% | -16.4% | 35.5% | -60.7% | 34.1% | -13.5% | 130.7% |
| EPS growth (YoY) | 50.0% | 26.1% | 35.5% | 171.4% | -15.6% | 36.6% | -59.4% | 36.6% | -11.8% | 137.9% |
| EPS CAGR (3y) | 18.2% | 13.3% | 17.7% | 37.9% | -0.8% | 8.6% | -2.3% | 9.4% | 10.6% | 105.1% |
| EPS CAGR (5y) | 30.6% | 6.8% | 20.2% | 56.9% | 13.3% | 7.6% | - | 38.5% | 7.6% | 1.5% |
| FCF growth (YoY) | 47.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | 7.7% | - | - | - | - | - | - |
| Book value growth (YoY) | 9.2% | 7.2% | 5.9% | 7.3% | 9.0% | 12.9% | 9.6% | 4.9% | 3.2% | 3.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-28.
Product / service
$2.00B totalAudio Products Segment$1.16B · 58.1%
High Performance Mixed Signal Products$837.45M · 41.9%
Geographic
$2.91B totalCN$1.07B · 36.6%
Other Countries$915.63M · 31.4%
IN$313.75M · 10.8%
HK$222.74M · 7.6%
VN$185.06M · 6.4%
KR$120.02M · 4.1%
Other Non USCountries$74.07M · 2.5%
US$14.87M · 0.5%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing CIRRUS LOGIC against the 5 most active filers in the same SIC group.