Cirrus Logic, Inc. (CRUS) Stock Price & Analysis
Cirrus Logic, Inc. (CRUS) closed at USD 110.49 on Thursday, October 22, 2026, down 0.14% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 110.64; the Oct 22, 2026 session ranged USD 109.01–111.99 on volume of 790,557 shares. Market capitalization is $5.54B, with a 52-week range of USD 105.1–180.42 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CRUS.md
Key facts (CRUS)
- Last four reported quarters (through Jun 27, 2026): revenue $2.05B, net income $431M (21.0% margin), free cash flow $572M (SEC filings).
- Valuation: P/E 12.9x (avg 18.0x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 15 Form 4 filings, $7.9M; 2 not under a Rule 10b5-1 plan ($492K); 6 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (5 analysts), mean target USD 141.67 (range 95–170).
- Total return with dividends: 1Y -16.0% vs S&P 500 +14.9%; 5Y +37.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 2.42, revenue estimate $540M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CRUS)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.78B | $1.90B | $1.79B | $1.90B | $2.00B | $2.05B |
| Gross profit | $924M | $957M | $916M | $996M | $1.05B | — |
| Operating income | $366M | $249M | $343M | $410M | $460M | $472M |
| Net income | $326M | $177M | $275M | $332M | $414M | $431M |
| EPS (diluted) | $5.52 | $3.09 | $4.90 | $6.00 | $7.85 | — |
| Free cash flow | $98.6M | $304M | $384M | $422M | $637M | $572M |
| Gross margin | 51.8% | 50.4% | 51.2% | 52.5% | 52.8% | — |
| Operating margin | 20.6% | 13.1% | 19.2% | 21.6% | 23.0% | 23.0% |
| Net margin | 18.3% | 9.3% | 15.3% | 17.5% | 20.7% | 21.0% |
| Revenue growth | +30.1% | +6.5% | -5.7% | +6.0% | +5.3% | — |
| Cash + short-term investments | $380M | $481M | $527M | $596M | $888M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 27, 2026) (CRUS)
P/E 12.9x · P/S 2.7x · P/FCF 9.7x · P/B 2.5x · FCF yield 10.33% · Earnings yield 7.78% · Buyback yield (TTM) 3.82%
P/E at fiscal year-ends: Mar 2026 18.4x, Mar 2025 16.6x, Mar 2024 18.9x.
Insider sales (SEC Form 4, open-market, last ~7 months) (CRUS)
13 of 15 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-20 | Baumgartner Jeffrey W | EVP, R&D | 1,166 | $126K | 9% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-09-21 | Baumgartner Jeffrey W | EVP, R&D | 1,166 | $139K | 8.3% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-20 | Baumgartner Jeffrey W | EVP, R&D | 1,166 | $137K | 7.7% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-07-20 | Baumgartner Jeffrey W | EVP, R&D | 1,166 | $162K | 7.1% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Baumgartner Jeffrey W | EVP, R&D | 1,458 | $213K | 8.2% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-06-29 | Brannan Andrew | EVP, Worldwide Sales | 6,464 | $935K | 47.3% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-22 | Baumgartner Jeffrey W | EVP, R&D | 1,170 | $197K | 6.7% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-06-03 | Thomas Scott | EVP, General Counsel | 1,300 | $234K | 4% | Yes (adopted November 14, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-02 | Baumgartner Jeffrey W | EVP, R&D | 3,907 | $658K | 18.2% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-05-29 | Brannan Andrew | EVP, Worldwide Sales | 1,645 | $289K | 18.6% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-29 | Baumgartner Jeffrey W | EVP, R&D | 11,171 | $1.9M | 38.9% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023) |
| 2026-05-21 | Dougherty Justin E | EVP, Global Operations | 2,000 | $333K | 30.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-20 | Davern Alexander M | Director | 1,000 | $159K | 4.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-08 | Forsyth John | CEO | 5,000 | $852K | 6.7% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-04-09 | Thomas Scott | EVP, General Counsel | 9,942 | $1.6M | 24.6% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CRUS)
Consensus Hold (mean 3.00 on a 1–5 scale), 5 analysts; mean target USD 141.67 (low 95, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Susquehanna | Target lowered | Positive | $200 → $170 |
| 2026-10-21 | Barclays | Downgrade | Equal-Weight → Underweight | $130 → $95 |
| 2026-10-15 | Keybanc | Downgrade | Overweight → Equal-Weight | |
| 2026-08-06 | Keybanc | Target lowered | Overweight | $190 → $170 |
| 2026-08-06 | Stifel | Target lowered | Buy | $197 → $160 |
| 2026-08-06 | Barclays | Target lowered | Equal-Weight | $140 → $130 |
| 2026-07-14 | Keybanc | Target lowered | Overweight | $200 → $190 |
Total return (dividends reinvested) (CRUS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -16.0% | +37.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.0% | +6.6% |
| Volatility (annualized) | 36.0% | 36.0% |
| Max drawdown | -40.6% (Jun 2026→Oct 2026) | -42.9% (Aug 2024→Mar 2025) |
CRUS revenue by product line (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Audio Products | $249.0M | 54.2% | +3.7% |
| HPMS Products | $210.7M | 45.8% | +26.0% |
| Total revenue | $459.7M | 100% | — |
CRUS revenue by region (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| CHINA | $216.7M | 47.1% | +14.1% |
| India | $83.3M | 18.1% | +10.4% |
| Hong Kong | $56.4M | 12.3% | +14.8% |
| Vietnam | $54.7M | 11.9% | +50.9% |
| South Korea | $23.6M | 5.1% | -28.2% |
| Rest of World | $19.4M | 4.2% | +2.7% |
| UNITED STATES | $5.5M | 1.2% | +19.3% |
| Total revenue | $459.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CRUS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | GlobalFoundries (GFS) | “We use a variety of foundries in the production of wafers, primarily supplied by GLOBALFOUNDRIES Inc., ("GlobalFoundries") and Taiwan Semiconductor Manufacturing Company, Limited ("TSMC").” |
| Supplier | Apple (AAPL) | “For fiscal years 2026, 2025, and 2024, we had one end customer, Apple Inc., who purchased through multiple contract manufacturers and represented approximately 91 percent, 89 percent, and 87 percent, of the Company's total net sales, respectively.” |
| Supplier | TSMC (TSM) | “We use a variety of foundries in the production of wafers, primarily supplied by GLOBALFOUNDRIES Inc., ("GlobalFoundries") and Taiwan Semiconductor Manufacturing Company, Limited ("TSMC").” |
| Supplier | Hon Hai (Foxconn) | “Contract manufacturers aggregated at their parent level, that represented more than 10 percent of consolidated gross trade accounts receivable included Foxconn and Luxshare, representing 39 percent and 22 percent, respectively, of our consolidated gross trade accounts receivable as of the end of fiscal year 2026, and Foxconn and Luxshare, representing 41 percent and 27 percent, respectively, of our consolidated gr…” |
| Supplier | Luxshare | “Contract manufacturers aggregated at their parent level, that represented more than 10 percent of consolidated gross trade accounts receivable included Foxconn and Luxshare, representing 39 percent and 22 percent, respectively, of our consolidated gross trade accounts receivable as of the end of fiscal year 2026, and Foxconn and Luxshare, representing 41 percent and 27 percent, respectively, of our consolidated gr…” |
| Competitor | Analog Devices (ADI) | “Our primary competitors include, but are not limited to, AKM Semiconductor Inc., Analog Devices Inc., QUALCOMM Incorporated, Realtek Semiconductor Corporation, Renesas Electronics Corporation, Shanghai Awinic Technology Co., Ltd., Shenzhen Goodix Technology Co, Ltd., Skyworks Solutions Inc., ST Microelectronics N.V., Synaptics Incorporated and Texas Instruments, Inc.” |
| Competitor | Qualcomm (QCOM) | “Our principal competitors in these markets include AKM Semiconductor Inc., Analog Devices Inc., Qualcomm Incorporated, Realtek Semiconductor Corporation, Renesas Electronics Corporation, Shanghai Awinic Technology Co., Ltd., Shenzhen Goodix Technology Co, Ltd., Skyworks Solutions Inc., ST Microelectronics N.V., Synaptics Incorporated and Texas Instruments, Inc.” |
Quoted from the company's 10-K filed May 21, 2026.
Companies that name CRUS in their SEC reports
| Relationship to CRUS | Company | Filing | Sentence |
|---|---|---|---|
| partner | Xperi Inc. (XPER) | 10-K Feb 26, 2026 | “We have devoted significant time and resources to develop a broad range of solutions with key partners including Amlogic, Analog Devices, Cadence, Cirrus Logic, MediaTek, NXP, Qualcomm, Realtek, Synaptics, Texas Instruments, and others.” |
| competitor | SKYWORKS SOLUTIONS, INC. (SWKS) | 10-K Nov 7, 2025 | “Our competitors include Analog Devices, Broadcom, Cirrus Logic, Murata Manufacturing, NXP Semiconductors, Qorvo, Qualcomm, and Texas Instruments.” |
CRUS customer concentration
In the period ended Mar 28, 2026, a single direct customer accounted for 91% of revenue, per the company's 10-K filed May 21, 2026. The company does not name it.
CRUS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.42 | $2.69 | -9.8% | $540.3M | 5 |
| Next quarter (ends Dec 2026) | $2.50 | $3.06 | -18.5% | $563.5M | 5 |
| Current fiscal year (ends Mar 2027) | $8.42 | $8.83 | -4.7% | $2.02B | 5 |
| Next fiscal year (ends Mar 2028) | $8.71 | $9.45 | -7.8% | $2.10B | 5 |
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 110.49 |
|---|---|
| Change | ▼ 0.14% (down) |
| Previous Close | USD 110.64 |
| Open | USD 109.51 |
| Day Range | USD 109.01 – 111.99 |
| 52-Week Range | USD 105.1 – 180.42 |
| Volume | 790,557 shares |
| Market Cap | $5.54B |
| Exchange | NMS |
Technical Analysis (CRUS)
Nexqual's technical model rates CRUS "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 45.5 (neutral) |
| vs SMA50 | Below (USD 114.92) |
| MACD | -2.46 (negative) |
Analyst Ratings (CRUS)
Wall Street analysts rate CRUS "Hold" based on 5 analysts, with a mean price target of USD 141.67 (range USD 95–170), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 141.67 |
| High Target | USD 170 |
| Low Target | USD 95 |
| Buy / Hold / Sell | 2 / 2 / 1 |
Earnings (CRUS)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 2.42 |
| Revenue Estimate | $540.25M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.84 vs est 1.81 ▲ beat |
| 2026-03-31 | USD 1.95 vs est 1.76 ▲ beat |
| 2025-12-31 | USD 2.97 vs est 2.44 ▲ beat |
| 2025-09-30 | USD 2.83 vs est 2.38 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (CRUS)
| Total Revenue | $2.05B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.90% |
| Gross Margin | +52.79% |
| Operating Margin | +18.37% |
| Profit Margin | +21.00% |
| ROE | +20.90% |
| Debt / Equity | 0.06 |
| Current Ratio | 7.58 |
| Total Cash | $891.26M |
| Total Debt | $130.46M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $572.10M (27.9% of revenue) |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (CRUS)
Nexqual rates Cirrus Logic, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 53%, operating 18% (last 12 months) |
| Balance Sheet | Strong — $891M cash vs $130M debt, net cash position |
| Cash Flow | Strong — FCF $572M (last 4 quarters to Jun 2026, SEC), 28% margin |
| Efficiency | Strong — ROE 21%, ROA 12.2% |
Ownership (CRUS)
| Insider Ownership | +0.56% |
|---|---|
| Institutional Ownership | +106.32% |
| Shares Outstanding | 50.12M |
| Float | 49.64M |
| Short % of Float | +7.99% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (CRUS)
Cirrus Logic, Inc. is led by John M. Forsyth, CEO, President & Director, per Nexqual as of October 23, 2026 at 10:07 UTC.
| CEO, President & Director | John M. Forsyth |
|---|---|
| CFO & Principal Accounting Officer | Jeffrey L. Woolard |
| Executive Vice President & General Counsel | Gregory Scott Thomas |
| Executive Vice President of Mixed Signal Products | Carl Jackson Alberty |
| Executive Vice President of Global Operations | Justin E. Dougherty |
Major Backers & Investors (CRUS)
Notable institutional backers of Cirrus Logic, Inc. include LSV Asset Management, Fuller & Thaler Asset Management Inc., Capitol Series Trust-FullerThaler Behavioral Small-Cap Equity Fund, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| LSV Asset Management | 4.7% |
| Fuller & Thaler Asset Management Inc. | 3.4% |
| Capitol Series Trust-FullerThaler Behavioral Small-Cap Equity Fund | 2.97% |
| Earnest Partners LLC | 2.53% |
| Bank of America Corporation | 2.26% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.39% |
| BlackRock | 11.29% |
| State Street | 4.32% |
| Geode Capital | 3.03% |
| Dimensional Fund Advisors | 2.64% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From Cirrus Logic, Inc.'s Latest SEC 10-K Filing (filed 2026-05-21)
Key Strengths & Strategy (as disclosed to the SEC)
- Our outsourced manufacturing strategy allows us to concentrate on our design strengths and minimize fixed costs and capital expenditures while giving us access to advanced manufacturing facilities.
Partnerships
- In fiscal year 2022, the Company entered into a Capacity Reservation and Wafer Supply Commitment Agreement with GlobalFoundries to reserve capacity and set wafer pricing for products purchased pursuant to the agreement through calendar year 2026.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to the export control regulations of the U.S. Department of State and the Department of Commerce. A violation of these export control regulations could have a material adverse effect on our business or our results of operations, cash flows, or financial position.
- We are also subject to the anti-takeover laws of Delaware that may prevent, delay, or impede a third party from acquiring or merging with us, which may adversely affect the market price of our common stock.
- Our Bylaws include a forum selection provision that could increase costs to bring a claim, discourage claims, or limit the ability of the Company's stockholders to bring a claim in a judicial forum viewed by the stockholders as more favorable for disputes with the Company or the Company's directors, officers, or other employees.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MXL | MaxLinear, Inc | USD 65.28 | ▼ 13.87% |
| ALGM | Allegro MicroSystems, Inc. | USD 31.69 | ▼ 8.17% |
| PI | Impinj, Inc. | USD 162.7 | ▼ 9.01% |
| SIMO | Silicon Motion Technology Corpo | USD 187.96 | ▼ 15.45% |
| SYNA | Synaptics Incorporated | USD 117.04 | ▼ 0.39% |
| SLAB | Silicon Laboratories, Inc. | USD 221.12 | ▼ 0.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt