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Makes audio and mixed-signal chips (codecs, amplifiers) primarily for smartphones, with Apple as its dominant customer.
Makes audio and mixed-signal chips (codecs, amplifiers) primarily for smartphones, with Apple as its dominant customer.
Wins a place in the iPhone design a year or more before launch and then ships chips in volume to Apple's contract assemblers, so quarters follow Apple's launch cycle and sales peak in the second half of the calendar year. Beyond Apple it sells to Android phone makers, laptops and cars, but these remain much smaller. The 2014 purchase of Wolfson Microelectronics of Scotland added audio design depth.
Moat: narrow (IP / patents, customer qualification). Deep, long-standing audio IP integration inside Apple devices, but near-total dependence on a single customer is a major risk.
Headquarters: Austin, Texas, United States · Founded: 1984 · Employees: 1,668
Size Cirrus Logic (CRUS) is a United States Information Technology company (Semiconductors) with a market value of $5.69B, the 1101st largest of 3,117 United States companies the cockpit tracks. Shares closed at $113.58 on 6 Nov 2026.
Performance Over six months the shares fell 33.8%, against -13.1% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +32.6%); the operating margin is 23.1% (peer median 16.8%).
Valuation It trades at 16.9× forward earnings against a peer median of 39.9× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.3 points above its cost of capital (10.9% WACC).
Short interest Short interest is 7.7% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.05B | $2.00B | $1.90B | $1.79B | $1.90B |
| Revenue growth | — | +5% | +6% | -6% | — |
| Gross profit | $1.08B | $1.05B | $996M | $916M | $957M |
| EBITDA | $525M | $456M | $449M | $394M | $406M |
| Net income | $431M | $414M | $332M | $275M | $177M |
| Free cash flow | $572M | $637M | $422M | $384M | $304M |
| Capital expenditure | $27.6M | $14.8M | $28.8M | $38.3M | $36.7M |
| Total debt | $130M | $134M | $144M | $155M | $141M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cirrus Logic CRUS | $5.69B | -34% | +6% | 23% | 16.9× | 1.5% |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
| Skyworks Solutions SWKS | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% |
| Knowles KN | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRUS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | -22.0% | 3rd highest of 21 |
| 6-month return | -33.8% | -13.1% | 7th lowest of 20 |
| Distance from 52-week high | -37.0% | -51.9% | 6th highest of 21 |
| Revenue growth (TTM) | +6.2% | +32.6% | lowest of 21 |
| Operating margin | 23.1% | 16.8% | 4th highest of 21 |
| Forward P/E | 16.9× | 39.9× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 26.2% | least demanding of 11 |
| Growth delivered (Del g) | +7.8% | +14.3% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -6.3 pp | +20.1 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +15.3 pp | -3.6 pp | 5th highest of 21 |
| EV / EBITDA | 9.4× | 28.0× | cheapest of 5 |
| Net debt / EBITDA | -1.4× | 0.7× | 2nd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cirrus Logic CRUS | United States | $5.69B | -34% | +6% | 23% | 16.9× | 1.5% | +7.8% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | n/a | n/a | n/a |
| Henan Shijia Photons Technology 688313.SS | China | $5.72B | -36% | +73% | 22% | 47.9× | n/a | n/a |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |
| SG Micro 3661.HK | Hong Kong | $5.78B | n/a | +54% | 17% | 38.7× | 3.4% | +25.8% |
| Amlogic (Shanghai) 688099.SS | China | $5.84B | -13% | +39% | 17% | 22.4× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 63.3× | n/a | n/a |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 8.4× | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | n/a | 19.6% | +20.0% |
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% | +3.8% |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | n/a | n/a | n/a |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 52.7× | n/a | n/a |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | n/a | n/a | n/a |
| Impinj PI | United States | $5.28B | +12% | +8% | -1% | 62.6× | 47.2% | +21.1% |
| Allegro MicroSystems ALGM | United States | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% | +8.5% |
| Win Semiconductors 3105.TWO | Taiwan | $5.19B | -27% | +24% | 11% | 28.5× | 48.8% | -8.2% |
| Dosilicon 688110.SS | China | $5.13B | -7% | +375% | 54% | 27.4× | 23.6% | +3.3% |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 161.4× | n/a | n/a |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |