Cirrus Logic

CRUS

Market cap $8.48B

Cirrus Logic expands its audio converter lineup with nine new ADCs, DACs and CODECs aimed at the fast-growing $9B pro audio market.

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (NASDAQ: CRUS) today introduced a new family of nine audio converters designed to deliver stellar performance and new features at an optimized price-to-performance ratio. This new offering includes analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and CODECs built to support a broad range of prosumer and professional audio applications, from musical instruments and podcast interfaces to active speakers, mixing consoles, and ins.

CRUS and SWKS benefit from AI, smartphone and connectivity demand, while both navigate margin pressure and customer concentration risks.

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CRUS' smartphone, PC and power-chip momentum helped drive record revenue as investors weigh growth prospects against rising costs.

CRUS leverages a $1.2B cash pile and zero debt to fuel diversification beyond smartphones, targeting new markets and long-term growth.

Cirrus Logic (CRUS) delivered record FY26 revenue of $2.0B and robust EPS growth, supported by strong smartphone and PC demand. Apple's inclusion of CRUS for its future vendor lists and green-lighting of battery-enhancing products signals major new product opportunities. Development of smart power ICs for 3D sensing and advanced battery applications positions CRUS for long-term growth beyond core audio.

Cirrus Logic, Inc. is rated Hold with a $154 price target, reflecting limited upside as shares trade near the upper end of historical EV/aEBITDA multiples. CRUS benefits from operational momentum, strong Apple partnership through 2030, and strategic R&D investments targeting industrial automation and AI-enabled devices. Financial flexibility is robust, with $888M in cash, no debt, and active share repurchases, supporting potential R&D expansion or acquisitions.

Cirrus Logic beat fiscal Q4 2026 EPS estimates as smartphone demand, PC growth and expansion into new silicon categories fueled fiscal 2026 revenue growth.