Cirrus Logic Inc Financials
This page shows Cirrus Logic Inc (CRUS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cirrus Logic’s core mechanic is an asset-light model that turns small sales changes into large profit and cash swings.
FY2025 revenue was essentially back at FY2023 levels, but operating margin moved from13.1% to21.6% , meaning the recovery was much stronger in profit than in demand. Because gross margin only edged higher while operating cash flow still exceeded net income, the improvement looks like leaner operating costs and durable cash conversion, not just a temporary sales snapback.
The balance sheet is unusually liquid relative to its operating scale: cash of
R&D remained substantial at
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Cirrus Logic Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cirrus Logic Inc has an operating margin of 23.1%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is up from 21.6% the prior year.
Cirrus Logic Inc's revenue grew 5.3% year-over-year to $2.0B, a solid pace of expansion. This earns a growth score of 43/100.
Cirrus Logic Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.37, Cirrus Logic Inc holds $7.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Cirrus Logic Inc converts 31.9% of revenue into free cash flow ($636.6M). This strong cash generation earns a score of 92/100.
Cirrus Logic Inc's ROE of 19.5% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 17.0% the prior year.
Cirrus Logic Inc scores 15.76, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.2B) relative to total liabilities ($361.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cirrus Logic Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cirrus Logic Inc generates $1.57 in operating cash flow ($650.6M OCF vs $414.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cirrus Logic Inc earns $512.7 in operating income for every $1 of interest expense ($460.4M vs $898K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Cirrus Logic Inc generated $2.0B in revenue in fiscal year 2026. This represents an increase of 5.3% from the prior year.
Cirrus Logic Inc's EBITDA was $512.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.1% from the prior year.
Cirrus Logic Inc reported $414.4M in net income in fiscal year 2026. This represents an increase of 25.0% from the prior year.
Cirrus Logic Inc earned $7.85 per diluted share (EPS) in fiscal year 2026. This represents an increase of 30.8% from the prior year.
Cash & Balance Sheet
Cirrus Logic Inc generated $636.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 51.0% from the prior year.
Cirrus Logic Inc held $800.9M in cash against $0 in long-term debt as of fiscal year 2026.
Cirrus Logic Inc had 51M shares outstanding in fiscal year 2026. This represents a decrease of 3.2% from the prior year.
Margins & Returns
Cirrus Logic Inc's gross margin was 52.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Cirrus Logic Inc's operating margin was 23.1% in fiscal year 2026, reflecting core business profitability. This is up 1.4 percentage points from the prior year.
Cirrus Logic Inc's net profit margin was 20.8% in fiscal year 2026, showing the share of revenue converted to profit. This is up 3.3 percentage points from the prior year.
Cirrus Logic Inc's ROE was 19.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.
Capital Allocation
Cirrus Logic Inc invested $434.0M in research and development in fiscal year 2026. This represents a decrease of 0.2% from the prior year.
Cirrus Logic Inc spent $280.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7.3% from the prior year.
Cirrus Logic Inc invested $14.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 38.6% from the prior year.
CRUS Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $448.5M-22.8% | $580.6M+3.5% | $561.0M+37.7% | $407.3M-4.0% | $424.5M-23.6% | $555.7M+2.6% | $541.9M+44.9% | $374.0M |
| Cost of Revenue | $210.9M-22.6% | $272.5M+2.2% | $266.6M+38.0% | $193.2M-2.3% | $197.7M-23.3% | $258.0M-0.5% | $259.3M+40.1% | $185.1M |
| Gross Profit | $237.6M-22.9% | $308.1M+4.7% | $294.4M+37.5% | $214.0M-5.6% | $226.7M-23.9% | $297.8M+5.4% | $282.6M+49.6% | $188.9M |
| R&D Expenses | $107.5M-5.3% | $113.6M+3.2% | $110.0M+6.9% | $102.9M-0.5% | $103.4M-8.5% | $113.0M0.0% | $112.9M+7.2% | $105.4M |
| SG&A Expenses | $39.9M-4.3% | $41.6M+5.2% | $39.6M+2.2% | $38.7M+3.7% | $37.4M-4.3% | $39.0M+3.3% | $37.8M+2.8% | $36.8M |
| Operating Income | $90.3M-41.0% | $152.9M+5.6% | $144.8M+100.0% | $72.4M-15.8% | $85.9M-41.0% | $145.8M+10.6% | $131.9M+181.8% | $46.8M |
| Interest Expense | $219K+0.5% | $218K-10.3% | $243K+11.5% | $218K0.0% | $218K0.0% | $218K-10.7% | $244K+11.9% | $218K |
| Income Tax | $18.5M-16.6% | $22.1M+1.6% | $21.8M+9.4% | $19.9M-14.6% | $23.3M-38.1% | $37.7M-0.4% | $37.9M+161.0% | $14.5M |
| Net Income | $81.8M-41.7% | $140.3M+6.6% | $131.6M+116.8% | $60.7M-14.8% | $71.3M-38.6% | $116.0M+13.6% | $102.1M+142.6% | $42.1M |
| EPS (Diluted) | N/A | $2.66+7.3% | $2.48+117.5% | $1.14 | N/A | $2.11+15.3% | $1.83+140.8% | $0.76 |
CRUS Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+1.3% | $2.5B+1.1% | $2.4B+5.9% | $2.3B-1.4% | $2.3B-1.5% | $2.4B+0.3% | $2.4B+4.0% | $2.3B |
| Current Assets | $1.4B+1.7% | $1.4B+3.1% | $1.4B+10.1% | $1.2B+0.1% | $1.2B-0.9% | $1.3B+2.1% | $1.2B+11.2% | $1.1B |
| Cash & Equivalents | $800.9M+2.9% | $778.1M+31.1% | $593.5M+8.1% | $548.9M+1.7% | $539.6M+2.5% | $526.4M+18.1% | $445.8M-9.3% | $491.4M |
| Inventory | $240.9M+27.1% | $189.5M-19.8% | $236.4M-15.3% | $279.0M-6.7% | $299.1M+8.5% | $275.6M+1.4% | $271.8M+16.9% | $232.6M |
| Accounts Receivable | $220.1M-21.1% | $279.0M-21.5% | $355.4M+66.0% | $214.1M-0.9% | $216.0M-17.5% | $261.9M-19.2% | $324.1M+70.5% | $190.1M |
| Goodwill | $435.9M0.0% | $435.9M0.0% | $435.9M0.0% | $435.9M0.0% | $435.9M0.0% | $435.9M0.0% | $435.9M0.0% | $435.9M |
| Total Liabilities | $361.4M+2.3% | $353.3M-8.8% | $387.2M+6.3% | $364.4M-3.5% | $377.6M-5.7% | $400.4M-6.4% | $428.0M+2.4% | $418.0M |
| Current Liabilities | $194.7M+5.7% | $184.2M-12.4% | $210.3M+11.5% | $188.7M-3.3% | $195.2M-7.5% | $210.9M-8.0% | $229.3M+13.6% | $201.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.1B+1.2% | $2.1B+3.0% | $2.0B+5.8% | $1.9B-1.0% | $1.9B-0.7% | $2.0B+1.8% | $1.9B+4.4% | $1.8B |
| Retained Earnings | $184.9M+3.5% | $178.7M+28.5% | $139.0M+183.5% | $49.0M-45.7% | $90.4M-27.2% | $124.1M+15.7% | $107.2M+83.0% | $58.6M |
CRUS Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $151.4M-47.9% | $290.8M+215.4% | $92.2M-20.6% | $116.1M-10.9% | $130.4M-40.4% | $218.6M+2555.7% | $8.2M-90.6% | $87.2M |
| Capital Expenditures | $2.4M-52.9% | $5.1M+31.5% | $3.9M+46.6% | $2.6M-23.1% | $3.4M-48.7% | $6.7M+150.4% | $2.7M-73.3% | $10.0M |
| Free Cash Flow | $149.0M-47.8% | $285.7M+223.4% | $88.3M-22.2% | $113.5M-10.6% | $127.0M-40.1% | $211.9M+3710.5% | $5.6M-92.8% | $77.2M |
| Investing Cash Flow | -$54.4M-728.5% | -$6.6M+17.2% | -$7.9M-27.6% | -$6.2M+52.6% | -$13.1M+66.5% | -$39.1M-613.8% | -$5.5M+91.8% | -$66.6M |
| Financing Cash Flow | -$74.2M+25.6% | -$99.7M-151.2% | -$39.7M+60.6% | -$100.7M+3.3% | -$104.1M-5.4% | -$98.8M-104.3% | -$48.3M-51.0% | -$32.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $70.0M0.0% | $70.0M+75.0% | $40.0M-60.0% | $100.0M0.0% | $100.0M+42.8% | $70.0M+40.1% | $50.0M+22.0% | $41.0M |
CRUS Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.0%-0.1pp | 53.1%+0.6pp | 52.5%-0.1pp | 52.5%-0.9pp | 53.4%-0.2pp | 53.6%+1.4pp | 52.1%+1.6pp | 50.5% |
| Operating Margin | 20.1%-6.2pp | 26.3%+0.5pp | 25.8%+8.0pp | 17.8%-2.5pp | 20.3%-6.0pp | 26.2%+1.9pp | 24.3%+11.8pp | 12.5% |
| Net Margin | 18.2%-5.9pp | 24.2%+0.7pp | 23.5%+8.6pp | 14.9%-1.9pp | 16.8%-4.1pp | 20.9%+2.0pp | 18.9%+7.6pp | 11.3% |
| Return on Equity | 3.8%-2.8pp | 6.7%+0.2pp | 6.4%+3.3pp | 3.1%-0.5pp | 3.7%-2.3pp | 5.9%+0.6pp | 5.3%+3.0pp | 2.3% |
| Return on Assets | 3.3%-2.4pp | 5.7%+0.3pp | 5.4%+2.8pp | 2.6%-0.4pp | 3.1%-1.8pp | 4.9%+0.6pp | 4.3%+2.5pp | 1.9% |
| Current Ratio | 7.37-0.3 | 7.65+1.2 | 6.50-0.1 | 6.58+0.2 | 6.35+0.4 | 5.93+0.6 | 5.34-0.1 | 5.46 |
| Debt-to-Equity | 0.170.0 | 0.17-0.0 | 0.190.0 | 0.190.0 | 0.19-0.0 | 0.20-0.0 | 0.220.0 | 0.23 |
| FCF Margin | 33.2%-16.0pp | 49.2%+33.5pp | 15.8%-12.1pp | 27.9%-2.0pp | 29.9%-8.2pp | 38.1%+37.1pp | 1.0%-19.6pp | 20.6% |
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Frequently Asked Questions
What is Cirrus Logic Inc's annual revenue?
Cirrus Logic Inc (CRUS) reported $2.0B in total revenue for fiscal year 2026. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cirrus Logic Inc's revenue growing?
Cirrus Logic Inc (CRUS) revenue grew by 5.3% year-over-year, from $1.9B to $2.0B in fiscal year 2026.
Is Cirrus Logic Inc profitable?
Yes, Cirrus Logic Inc (CRUS) reported a net income of $414.4M in fiscal year 2026, with a net profit margin of 20.8%.
What is Cirrus Logic Inc's EBITDA?
Cirrus Logic Inc (CRUS) had EBITDA of $512.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cirrus Logic Inc's gross margin?
Cirrus Logic Inc (CRUS) had a gross margin of 52.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cirrus Logic Inc's operating margin?
Cirrus Logic Inc (CRUS) had an operating margin of 23.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Cirrus Logic Inc's net profit margin?
Cirrus Logic Inc (CRUS) had a net profit margin of 20.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Cirrus Logic Inc's return on equity (ROE)?
Cirrus Logic Inc (CRUS) has a return on equity of 19.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Cirrus Logic Inc's free cash flow?
Cirrus Logic Inc (CRUS) generated $636.6M in free cash flow during fiscal year 2026. This represents a 51.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cirrus Logic Inc's operating cash flow?
Cirrus Logic Inc (CRUS) generated $650.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Cirrus Logic Inc's total assets?
Cirrus Logic Inc (CRUS) had $2.5B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Cirrus Logic Inc's capital expenditures?
Cirrus Logic Inc (CRUS) invested $14.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Cirrus Logic Inc spend on research and development?
Cirrus Logic Inc (CRUS) invested $434.0M in research and development during fiscal year 2026.
What is Cirrus Logic Inc's current ratio?
Cirrus Logic Inc (CRUS) had a current ratio of 7.37 as of fiscal year 2026, which is generally considered healthy.
What is Cirrus Logic Inc's debt-to-equity ratio?
Cirrus Logic Inc (CRUS) had a debt-to-equity ratio of 0.17 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cirrus Logic Inc's return on assets (ROA)?
Cirrus Logic Inc (CRUS) had a return on assets of 16.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Cirrus Logic Inc's Altman Z-Score?
Cirrus Logic Inc (CRUS) has an Altman Z-Score of 15.76, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cirrus Logic Inc's Piotroski F-Score?
Cirrus Logic Inc (CRUS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cirrus Logic Inc's earnings high quality?
Cirrus Logic Inc (CRUS) has an earnings quality ratio of 1.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cirrus Logic Inc cover its interest payments?
Cirrus Logic Inc (CRUS) has an interest coverage ratio of 512.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cirrus Logic Inc?
Cirrus Logic Inc (CRUS) scores 76 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.