Cirrus Logic (CRUS) financial statements
Cirrus Logic reported revenue of $2.0B in fiscal 2026, up 2.9% a year over 9 years.
Net income was $414M and the operating margin 23.0%, against 20.6% in 2017.
Free cash flow was $637M, and the company returned $280M in net buybacks.
The diluted share count fell 21% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Cirrus Logic's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.2B | $1.3B | $1.4B | $1.8B | $1.9B | $1.8B | $1.9B | $2.0B |
| Cost of revenue | $781M | $771M | $588M | $607M | $662M | $858M | $941M | $873M | $900M | $943M |
| Gross profit | $758M | $761M | $597M | $674M | $707M | $924M | $957M | $916M | $996M | $1.1B |
| Research and development | $304M | $366M | $375M | $348M | $343M | $406M | $458M | $426M | $435M | $434M |
| Selling, general and admin | $127M | $132M | $127M | $131M | $127M | $151M | $153M | $144M | $151M | $160M |
| Operating income | $317M | $262M | $101M | $173M | $237M | $366M | $249M | $343M | $410M | $460M |
| Interest expense | $4M | $1M | $1M | $1M | $1M | $948,000 | $898,000 | $915,000 | $898,000 | $898,000 |
| Pre-tax income | $315M | $265M | $94M | $181M | $245M | $369M | $255M | $364M | $445M | $497M |
| Income tax | $54M | $103M | $4M | $22M | $28M | $42M | $78M | $89M | $113M | $82M |
| Net income | $261M | $162M | $90M | $159M | $217M | $326M | $177M | $275M | $332M | $414M |
| EPS (diluted) | $3.92 | $2.46 | $1.46 | $2.64 | $3.62 | $5.52 | $3.09 | $4.90 | $6.00 | $7.85 |
| Diluted shares | 67M | 66M | 62M | 60M | 60M | 59M | 57M | 56M | 55M | 53M |
| Gross margin | 49.2% | 49.6% | 50.4% | 52.6% | 51.7% | 51.8% | 50.4% | 51.2% | 52.5% | 52.8% |
| Operating margin | 20.6% | 17.1% | 8.5% | 13.5% | 17.3% | 20.6% | 13.1% | 19.2% | 21.6% | 23.0% |
| Net margin | 17.0% | 10.6% | 7.6% | 12.4% | 15.9% | 18.3% | 9.3% | 15.3% | 17.5% | 20.7% |
Balance sheet
Fiscal years, from Cirrus Logic's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $451M | $262M | $286M | $314M | $498M | $380M | $446M | $503M | $540M | $801M |
| Receivables | $120M | $101M | $121M | $154M | $109M | $240M | $150M | $162M | $216M | $220M |
| Inventory | $168M | $206M | $165M | $147M | $173M | $138M | $233M | $227M | $299M | $241M |
| Total current assets | $776M | $614M | $625M | $650M | $843M | $840M | $1.0B | $1.1B | $1.2B | $1.4B |
| Property, plant and equipment | $168M | $191M | $186M | $158M | $155M | $157M | $163M | $170M | $160M | $144M |
| Goodwill | $287M | $289M | $286M | $287M | $288M | $436M | $436M | $436M | $436M | $436M |
| Total assets | $1.4B | $1.4B | $1.4B | $1.6B | $1.8B | $2.1B | $2.1B | $2.2B | $2.3B | $2.5B |
| Total current liabilities | $144M | $140M | $116M | $159M | $214M | $265M | $216M | $186M | $195M | $195M |
| Total liabilities | $262M | $268M | $212M | $363M | $442M | $524M | $406M | $415M | $378M | $361M |
| Shareholders' equity | $1.2B | $1.2B | $1.1B | $1.2B | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B | $2.1B |
| Net debt | -$351M | -$236M | -$216M | -$292M | -$442M | -$370M | -$446M | -$503M | -$540M | -$801M |
Cash flow
Fiscal years, from Cirrus Logic's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $370M | $319M | $207M | $296M | $349M | $125M | $340M | $422M | $444M | $651M |
| Capital spending | $42M | $55M | $32M | $16M | $18M | $26M | $35M | $38M | $23M | $14M |
| Free cash flow | $328M | $264M | $175M | $280M | $331M | $99M | $304M | $384M | $422M | $637M |
| Stock-based compensation | $40M | $49M | $50M | $54M | $57M | $66M | $82M | $89M | $84M | $82M |
| Share buybacks (net) | -$15M | -$176M | -$160M | -$120M | -$110M | -$168M | -$191M | -$186M | -$261M | -$280M |
| Free cash flow margin | 21.3% | 17.2% | 14.8% | 21.9% | 24.2% | 5.5% | 16.0% | 21.5% | 22.2% | 31.9% |
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Open CRUS in InvestinglyQuestions
What was Cirrus Logic's revenue in 2026?
$2.0B in fiscal 2026, from its 10-K filing.
How much free cash flow does Cirrus Logic generate?
$637M in fiscal 2026 (operating cash flow minus capital spending).
From Cirrus Logic's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.