Cirrus Logic, Inc. (CRUS) Stock

Cirrus Logic, Inc. (CRUS) is a Technology stock trading at $116.87 (as of 2026-08-20), with a market capitalization of $5.86B and a trailing P/E of 13.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cirrus Logic, Inc. is a fabless semiconductor company that develops mixed-signal processing products, including audio codecs and related components, smart codecs, digital signal processors, boosted amplifiers, and SoundClear software tools and algorithms. Its audio and mixed-signal solutions are used in portable and electronic devices as well as industrial and energy applications.

Understand Cirrus Logic, Inc.: how it makes money

Cirrus Logic designs and sells fabless mixed-signal semiconductor ICs, including low-power audio codecs and related signal-processing components, and it makes money when customers purchase these integrated chips for portable products.

As a fabless semiconductor company, Cirrus Logic's profit engine is the combination of relatively high gross margin (53.1%) and converting that gross profit into operating income (26.3%), with sales tied to demand for its integrated audio and signal-processing ICs.

Business quality (Solid): The business description and margins are clear, but the provided data does not include an official, mutually exclusive segment breakdown, so segment-level conclusions should be cautious.

Valuation: At 21× earnings, CRUS trades 59% below the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

Healthy profitability: In the latest period, gross margin was 53.1% and operating margin was 26.3%.
Focused product set around audio and signal processing: The portfolio includes codecs that integrate ADCs and DACs, smart codecs, boosted amplifiers, DSPs, and SoundClear tools (software and algorithms) intended to enhance user experience.
Operating sales mix includes audio and high-performance lines: Provided operating sales line items include Audio Revenue of 0.24B and High-Performance Revenue of 0.17B.

Bear case

Inventory takes time to clear: Days of Inventory is 104.0, which can be a signal of slower sell-through or build-ups.
Limited segment transparency in the provided data: The segment revenue candidates shown do not establish a clean, mutually exclusive breakdown that sums to total revenue, limiting how precisely investors can attribute performance drivers.
Revenue is tied to specific end-product designs: Because the company focuses on portable product and audio and signal-processing ICs, weakness in customers' adoption of these designs could pressure demand.

Valuation — source: SEC EDGAR (first-party)
Price	$116.87
Market Cap	$5.86B
P/E Ratio	13.6
EV / EBITDA	9.6
Price / Book	2.68
Price / Sales	2.86
FCF Yield	9.8%
DCF Value (model)	$111.34
DCF Upside vs Price	-4.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.00B
Net Margin	20.7%
Revenue Growth (YoY)	12.9%
EPS Growth (YoY)	29.9%
FCF Growth (YoY)	-56.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	11.93 (safe)

Valuation vs Sector & Industry
Stock P/E	13.6
Sector P/E (Technology)	33.9
Industry P/E (Electronic Equipment)	39.4
vs Sector	-59.9%
vs Industry	-65.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($767.58M)
Institutional Holders Tracked	10
Congressional Trades (recent)	3

Company
Sector	Technology
Industry	Electronic Equipment
CEO	John Forsyth
Employees	1,609
Country	US
IPO Date	1989-06-09

Related Companies (Business model: Fabless Semiconductors; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.