Cirrus Logic, Inc.CRUS

Cirrus Logic delivered a record fiscal year 2026, filing $2.0 billion in revenue and $414.4 million in net income for the period ending 28 March 2026, according to its 10-K on SEC EDGAR. The company also reported diluted earnings per share of $7.85 on a weighted average share count of 52.8 million. The press release accompanying the results described it as record revenue and earnings per share, primarily driven by demand for components shipping into smartphones as well as higher PC sales.

Cirrus Logic designs, develops and sells analogue and mixed-signal signal processing components, with its High-Performance Mixed-Signal product line generating $837.4 million in fiscal 2026, a 10 percent increase from $758.9 million the prior year. The business is an audio and power management chip supplier whose largest end market is smartphones. That concentration is the single most important fact about Cirrus Logic: its revenue trajectory is tethered to handset demand cycles and the component content decisions of a small number of device manufacturers.

The 10-K for the period ending 28 March 2026 lays out a balance sheet with $2.49 billion in total assets, $2.13 billion in stockholders' equity, and $800.9 million in cash and cash equivalents. Operating income was $460.4 million. The company generated $650.6 million in net cash from operating activities and spent just $14.0 million on property, plant and equipment, producing a wide gap between cash generation and capital intensity. Research and development expense totalled $434.0 million. Inventory stood at $240.9 million, with a decrease in inventories of $58.2 million recorded for the period.

The filing evidence provides The source-change rail is filing/source-led and does not use chart-derived signals. Chart context is available separately on this page through the Atlas chart snapshot or TradingView route where available. The source rail consists of SEC EDGAR filings and one official press release. What can be traced is the fundamental operating picture: a cash-generative semiconductor company with a modest capex footprint, heavy R&D commitment, and a revenue base concentrated in smartphone components. The market mechanism that matters is the smartphone replacement cycle and the component content per device, neither of which the supplied evidence quantifies beyond the HPMS revenue figure.

Six Form 4 filings appeared on SEC EDGAR between 4 June and 21 July 2026, covering insider transactions in Cirrus Logic shares. The filings use standard language regarding the reporting person providing full information about the number of shares sold at each separate price within ranges set forth in footnotes. The cluster of filings indicates insider selling activity during the period, though the evidence does not specify volumes, prices, or the individuals involved beyond the boilerplate disclosure language.

Guidance for the coming quarter was included in the press release: revenue is expected to range between $430 million and $490 million. The 10-K explicitly warns that the industry is highly cyclical and subject to significant downturns from excess capacity, overproduction, reduced demand, order cancellations, or technological obsolescence, and that there is a risk Cirrus Logic will forecast inaccurately and produce excess inventory. That forward-looking caution is the counterweight to the record year. What remains unproven from the supplied evidence is the degree of customer concentration, the identity of top customers, and any segment breakdown beyond the HPMS product line.

What would deepen this file is a quarterly 10-Q with updated inventory, cash, and revenue figures, a breakdown of revenue by end market beyond smartphones and PCs, and detail on the Form 4 filings including the named insiders, share volumes, and transaction prices. The current evidence supports a clear picture of a profitable, cash-rich analogue chip company coming off a record year with a concentrated end market and active insider selling, but it does not yet cover the next quarter's operating data or the specific customer demand signals behind the $430 to $490 million guidance range.