CIRRUS LOGIC, INC.

Listed Company

CRUSCIK 0000772406NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Mar 28

Period

FY 2026

Revenue

$2.00B

Net Income

—

Total Assets

$2.49B

Equity

$2.13B

Shares Out

50.58M

Op. Cash Flow

$650.60M

Business

Cirrus Logic, Inc. is a leader in low‑power, high‑precision mixed‑signal processing solutions that create innovative user experiences for mobile and consumer applications. It designs and develops custom and general‑market semiconductors, including audio components, embedded software and algorithms, and HPMS products that improve audio, imaging, haptics, sensing, battery and power performance. The company operates as a single reportable segment and reports revenue across two product lines: Audio and High‑Performance Mixed‑Signal (HPMS). Cirrus Logic sells worldwide through direct sales offices, external representatives, distributors and contract manufacturers to major electronics OEMs.

Summary from filing dated 2025-05-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
Net sales	1,997	1,896	1,789
Cost of sales	943	900	873
Gross profit	1,054	996	916
Operating expenses	—	—	—
Research and development	434	435	426
Selling, general and administrative	160	151	144
Restructuring	0	0	2
Total operating expenses	594	586	573
Income from operations	460	410	343
Interest income	38	34	21
Interest expense	898,000	898,000	915,000
Other income (expense)	−487,000	1	−108,000
Income before income taxes	497	445	364
Provision for income taxes	82	113	89
Net income	414	332	275
Basic earnings per share (in dollars per share)	8.1	6.24	5.06
Diluted earnings per share (in dollars per share)	7.85	6	4.9
Basic weighted average common shares outstanding (in shares)	51	53	54
Diluted weighted average common shares outstanding (in shares)	53	55	56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29
Assets	—	—
Current assets:	—	—
Cash and cash equivalents	801	540
Marketable securities	87	56
Accounts receivable, net	220	216
Inventories	241	299
Prepaid assets	48	48
Prepaid wafers	15	53
Other current assets	23	28
Total current assets	1,434	1,240
Long-term marketable securities	266	239
Right-of-use lease assets	121	127
Property and equipment, net	144	160
Intangibles, net	21	27
Goodwill	436	436
Deferred tax assets	50	48
Long-term prepaid wafers	0	16
Other assets	18	35
Total assets	2,489	2,327
Liabilities and Stockholders’ Equity	—	—
Current liabilities:	—	—
Accounts payable	81	63
Accrued salaries and benefits	53	52
Software license agreements	22	27
Current lease liabilities	20	22
Other accrued liabilities	19	31
Total current liabilities	195	195
Long-term liabilities:	—	—
Non-current lease liabilities	114	122
Non-current income taxes	47	44
Software license agreements	6	16
Total long-term liabilities	167	182
Stockholders’ equity:	—	—
Preferred stock, 5,000 shares authorized but unissued	0	0
Common stock, $0.001 par value, 280,000 shares authorized, 50,596 shares and 52,291 shares issued and outstanding at March 28, 2026 and March 29, 2025, respectively	51,000	52,000
Additional paid-in capital	1,946	1,860
Accumulated earnings	185	90
Accumulated other comprehensive loss	−3	−1
Total stockholders’ equity	2,128	1,949
Total liabilities and stockholders’ equity	2,489	2,327

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
Cash flows from operating activities:	—	—	—
Net income	414	332	275
Adjustments to net cash provided by operating activities:	—	—	—
Depreciation and amortization	52	51	48
Stock-based compensation expense	82	84	89
Deferred income taxes	−1	−31,000	−13
Loss on retirement or write-off of long-lived assets	0	−382,000	−76,000
Other non-cash charges	188,000	−779,000	−2
Restructuring	0	0	2
Net change in operating assets and liabilities:	—	—	—
Accounts receivable, net	4	54	13
Inventories	−58	72	−6
Prepaid wafers	−53	−79	−48
Other assets	−9	−7	−18
Accounts payable	17	9	−24
Accrued salaries and benefits	286,000	4	−6
Income taxes payable	−13	16	15
Acquisition-related liabilities	0	0	−21
Other accrued liabilities	−18	−14	−4
Net cash provided by operating activities	651	444	422
Cash flows from investing activities:	—	—	—
Maturities and sales of available-for-sale marketable securities	148	35	37
Purchases of available-for-sale marketable securities	208	131	162
Purchases of property, equipment and software	14	23	38
Investments in technology	848,000	6	695,000
Net cash used in investing activities	−75	−124	−163
Cash flows from financing activities:	—	—	—
Issuance of common stock, net of shares withheld for taxes	4	15	3
Repurchase of stock to satisfy employee tax withholding obligations	38	38	19
Repurchase and retirement of common stock	280	261	186
Net cash used in financing activities	−314	−283	−202
Net increase in cash and cash equivalents	261	37	57
Cash and cash equivalents at end of period	—	—	—
Cash and cash equivalents at end of period	—	—	—
Supplemental disclosures of cash flow information	—	—	—
Cash payments during the year for:	—	—	—
Income taxes	50	52	43
Interest	532,000	404,000	658,000

Filings

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