Cirrus Logic (CRUS)
Market Price (4/22/2026): $169.67 | Market Cap: $8.7 BilSector: Information Technology | Industry: Semiconductors
Cirrus Logic (CRUS)
Market Price (4/22/2026): $169.67Market Cap: $8.7 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% Attractive yieldFCF Yield is 7.0% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Artificial Intelligence, Digital Health & Telemedicine, and Digital Content & Streaming. Themes include Edge AI, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.4% Key risksCRUS key risks include [1] an extreme over-reliance on its single largest customer, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Attractive yieldFCF Yield is 7.0% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Digital Health & Telemedicine, and Digital Content & Streaming. Themes include Edge AI, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.4% |
| Key risksCRUS key risks include [1] an extreme over-reliance on its single largest customer, Show more. |
Qualitative Assessment
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Cirrus Logic (CRUS) stock has gained about 45% since 12/31/2025 because of the following key factors:
1. Strong Fiscal Third Quarter 2026 Earnings Beat: Cirrus Logic reported robust financial results for its fiscal third quarter 2026 (ending December 2025) on February 3, 2026. The company's earnings per share (EPS) reached $2.97, significantly surpassing analysts' consensus estimates of $2.37 by $0.60. Revenue also exceeded expectations, coming in at $580.6 million against a forecast of $531.4 million. This strong performance, which represented a 3.5% increase from the previous quarter, provided a significant boost to investor confidence.
2. Strategic Product Diversification and Expansion into New Markets: The company has actively expanded its product portfolio and market reach during the period. On April 16, 2026, Cirrus Logic launched a new family of industrial imaging integrated circuits (ICs) designed for high-precision scanning systems, thereby expanding its industrial market presence. Additionally, in December 2025, it introduced a new family of advanced closed-loop haptic drivers aimed at next-generation automotive interfaces. These initiatives demonstrate a successful push to diversify beyond its traditional smartphone audio business into growing sectors like industrial and automotive.
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1. Strong Fiscal Third Quarter 2026 Earnings Beat: Cirrus Logic reported robust financial results for its fiscal third quarter 2026 (ending December 2025) on February 3, 2026. The company's earnings per share (EPS) reached $2.97, significantly surpassing analysts' consensus estimates of $2.37 by $0.60. Revenue also exceeded expectations, coming in at $580.6 million against a forecast of $531.4 million. This strong performance, which represented a 3.5% increase from the previous quarter, provided a significant boost to investor confidence.
2. Strategic Product Diversification and Expansion into New Markets: The company has actively expanded its product portfolio and market reach during the period. On April 16, 2026, Cirrus Logic launched a new family of industrial imaging integrated circuits (ICs) designed for high-precision scanning systems, thereby expanding its industrial market presence. Additionally, in December 2025, it introduced a new family of advanced closed-loop haptic drivers aimed at next-generation automotive interfaces. These initiatives demonstrate a successful push to diversify beyond its traditional smartphone audio business into growing sectors like industrial and automotive.
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Stock Movement Drivers
Fundamental Drivers
The 43.3% change in CRUS stock from 12/31/2025 to 4/21/2026 was primarily driven by a 34.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 118.50 | 169.77 | 43.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,948 | 1,973 | 1.3% |
| Net Income Margin (%) | 19.5% | 20.5% | 5.1% |
| P/E Multiple | 16.0 | 21.5 | 34.3% |
| Shares Outstanding (Mil) | 51 | 51 | 0.3% |
| Cumulative Contribution | 43.3% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| CRUS | 43.3% | |
| Market (SPY) | -5.4% | 12.6% |
| Sector (XLK) | 7.4% | 20.6% |
Fundamental Drivers
The 35.5% change in CRUS stock from 9/30/2025 to 4/21/2026 was primarily driven by a 15.9% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 125.29 | 169.77 | 35.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,929 | 1,973 | 2.3% |
| Net Income Margin (%) | 18.1% | 20.5% | 12.8% |
| P/E Multiple | 18.5 | 21.5 | 15.9% |
| Shares Outstanding (Mil) | 52 | 51 | 1.4% |
| Cumulative Contribution | 35.5% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| CRUS | 35.5% | |
| Market (SPY) | -2.9% | 33.7% |
| Sector (XLK) | 9.9% | 33.1% |
Fundamental Drivers
The 70.4% change in CRUS stock from 3/31/2025 to 4/21/2026 was primarily driven by a 23.7% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 99.66 | 169.77 | 70.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,843 | 1,973 | 7.0% |
| Net Income Margin (%) | 16.5% | 20.5% | 23.7% |
| P/E Multiple | 17.3 | 21.5 | 23.7% |
| Shares Outstanding (Mil) | 53 | 51 | 4.0% |
| Cumulative Contribution | 70.4% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| CRUS | 70.4% | |
| Market (SPY) | 16.3% | 61.4% |
| Sector (XLK) | 50.5% | 57.0% |
Fundamental Drivers
The 55.2% change in CRUS stock from 3/31/2023 to 4/21/2026 was primarily driven by a 26.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 109.38 | 169.77 | 55.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,015 | 1,973 | -2.1% |
| Net Income Margin (%) | 16.2% | 20.5% | 26.2% |
| P/E Multiple | 18.5 | 21.5 | 16.0% |
| Shares Outstanding (Mil) | 55 | 51 | 8.2% |
| Cumulative Contribution | 55.2% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| CRUS | 55.2% | |
| Market (SPY) | 63.3% | 54.9% |
| Sector (XLK) | 108.9% | 55.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CRUS Return | 12% | -19% | 12% | 20% | 19% | 42% | 105% |
| Peers Return | 27% | -20% | 29% | -3% | 12% | 17% | 67% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| CRUS Win Rate | 50% | 25% | 58% | 50% | 58% | 100% | |
| Peers Win Rate | 60% | 37% | 58% | 35% | 47% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CRUS Max Drawdown | -12% | -31% | -11% | -8% | -22% | -0% | |
| Peers Max Drawdown | -5% | -31% | -5% | -14% | -25% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADI, QCOM, TXN, NXPI, MCHP. See CRUS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | CRUS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -39.7% | -25.4% |
| % Gain to Breakeven | 66.0% | 34.1% |
| Time to Breakeven | 197 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -41.2% | -33.9% |
| % Gain to Breakeven | 70.2% | 51.3% |
| Time to Breakeven | 293 days | 148 days |
| 2018 Correction | ||
| % Loss | -55.9% | -19.8% |
| % Gain to Breakeven | 127.0% | 24.7% |
| Time to Breakeven | 302 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.1% | -56.8% |
| % Gain to Breakeven | 302.3% | 131.3% |
| Time to Breakeven | 440 days | 1,480 days |
Compare to ADI, QCOM, TXN, NXPI, MCHP
In The Past
Cirrus Logic's stock fell -39.7% during the 2022 Inflation Shock from a high on 3/30/2023. A -39.7% loss requires a 66.0% gain to breakeven.
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About Cirrus Logic (CRUS)
Cirrus Logic, Inc., a fabless semiconductor company, provides low-power, high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs-chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; haptic drivers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also offers high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, and power-related components used in various industrial and energy applications comprising digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.
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Here are a few analogies for Cirrus Logic (CRUS):
- Like an 'NVIDIA' but focused on specialized chips for high-quality audio and haptic feedback.
- Think of them as the 'Intel Inside' for the excellent sound and touch experiences in your smartphones and other devices.
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- Audio Codecs (including Smart Codecs): Chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs), with some featuring digital signal processors, for various audio applications.
- Boosted Amplifiers: Components designed to enhance audio output.
- MEMS Microphones: Micro-electromechanical systems microphones for capturing audio.
- Haptic Drivers and Sensing Solutions: Integrated circuits that provide haptic feedback and sensing capabilities.
- Digital Signal Processors (DSPs): Specialized processors for digital signal processing in audio and other applications.
- SoundClear Technology: A portfolio of tools, software, and algorithms enhancing voice quality, voice capture, and audio playback.
- Camera Controllers: Integrated circuits used for managing camera functions.
- Power-Related Components: Mixed-signal products for industrial and energy applications, including digital utility meters and power supplies.
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Cirrus Logic (CRUS) is a fabless semiconductor company that sells its products and solutions primarily to other companies that integrate these components into their end products. Its major customer is:
- Apple Inc. (AAPL)
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Taiwan Semiconductor Manufacturing Company Limited (TSM)
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John Forsyth, President and Chief Executive Officer
John Forsyth became chief executive officer of Cirrus Logic in January 2021, after being named president in 2020. He joined Cirrus Logic in 2014 through the acquisition of Wolfson Microelectronics, where he previously led product development and strategy. Before joining Wolfson in 2012, Forsyth held leadership positions at other technology companies, including chief technical officer of the Symbian Foundation and vice president of strategy at Symbian Software. He began his career in handheld device development for Psion in London.
Jeff Woolard, Chief Financial Officer
Jeff Woolard joined Cirrus Logic as chief financial officer in 2025. Prior to this role, Woolard served as CFO at Velocity Global, where he was responsible for financial execution, strategic planning, and developing a financial growth strategy.
Carl Alberty, Executive Vice President, Mixed-Signal Products
Carl Alberty serves as the Executive Vice President of Mixed-Signal Products at Cirrus Logic, overseeing the development and marketing of mixed-signal solutions. He joined the company in 1999 as a Hardware Applications Engineer and has since advanced through various audio product marketing leadership positions, including Product Marketing Engineer, Product Marketing Manager, and Director of Marketing.
Jeff Baumgartner, Executive Vice President, Research and Development
Jeff Baumgartner, Executive Vice President of Research and Development, is responsible for overseeing Cirrus Logic's R&D initiatives and driving technological innovation. He began his career at Cirrus Logic in 1998 as a design engineer and moved into engineering management in 2006, holding several R&D leadership positions.
Justin Dougherty, Senior Vice President, Global Operations
Justin Dougherty is the Senior Vice President of Global Operations at Cirrus Logic. He joined the company in 2013 and has over 20 years of experience in product engineering, applications, and management in mixed-signal and RF semiconductors. Before joining Cirrus Logic, he was the director of applications and systems engineering at Javelin Semiconductor for five years and held various product engineering roles at Silicon Labs and Advanced Micro Devices.
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The key risks to Cirrus Logic (CRUS) are:
- High Customer Concentration (Dependence on Apple): Cirrus Logic is overwhelmingly dependent on Apple Inc. for a substantial portion of its revenue, with sales to Apple accounting for approximately 81% to 94% of total net sales in recent fiscal periods. This significant concentration risk makes Cirrus Logic highly vulnerable to changes in Apple's product strategies, component sourcing decisions, or overall market performance. Should Apple experience declining sales, shift to alternative suppliers, or develop its own in-house solutions for components currently provided by Cirrus Logic, the impact on Cirrus Logic's revenue and profitability could be severe.
- Market Competition and Technological Obsolescence: Cirrus Logic operates in a rapidly evolving and intensely competitive semiconductor industry. The company faces ongoing threats from other semiconductor firms, some of which may possess greater financial resources or more diversified product lines. There is a constant risk that competitors could develop alternative or superior technologies, or that Cirrus Logic's own products could become obsolete, potentially eroding its market share and requiring continuous innovation and significant research and development investments to stay competitive.
- Reliance on Third-Party Manufacturing and Supply Chain: As a fabless semiconductor company, Cirrus Logic relies heavily on third-party foundries and suppliers for the manufacturing and assembly of its products. This reliance exposes the company to risks such as increased manufacturing costs, potential delays in meeting customer demand, and disruptions in the supply chain. Additionally, using external manufacturers can heighten exposure to potential misappropriation of Cirrus Logic's intellectual property.
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Here are the addressable market sizes for Cirrus Logic's main products or services:
- Audio ICs (including codecs, smart codecs, boosted amplifiers, digital signal processors, and SoundClear technology): The global audio IC market was valued at approximately USD 32.83 billion in 2024 and is projected to grow to about USD 35.46 billion in 2025, reaching USD 65.63 billion by 2033. Other estimates for the global audio IC market size were around USD 32.38 billion in 2024, projected to reach USD 34.78 billion in 2025 and USD 61.56 billion by 2033.
- MEMS Microphones: The global MEMS microphone market was valued at USD 1.7 billion in 2024. It is projected to grow to USD 2.3 billion in 2025 and reach USD 9.0 billion by 2035.
- Haptic Driver ICs: The global haptic driver IC market size reached approximately USD 1.13 billion in 2024. This market is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2033, leading to a forecasted market size of around USD 2.71 billion by 2033.
- Power Management ICs (including camera controllers and power-related components for industrial and energy applications): The global power management IC market size was valued at approximately USD 40.86 billion in 2024 and is expected to exceed USD 79.11 billion by 2034, growing at a CAGR of 6.83% from 2025 to 2034. Another source indicates the global power management IC market size was valued at USD 37.49 billion in 2024 and is expected to reach USD 63.47 billion by 2032.
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Here are the expected drivers of future revenue growth for Cirrus Logic (CRUS) over the next 2-3 years:
- Expansion into the PC and AI-enabled PC Markets: Cirrus Logic is making significant progress in the PC market, ramping up new amplifiers and codecs in mainstream platforms and developing new voice interface products for AI-enabled PCs. This expansion represents a substantial growth opportunity, with a targeted Serviceable Addressable Market (SAM) of approximately $1.2 billion by 2029.
- Diversification and Growth in the Automotive Sector: The automotive sector is identified as an emerging growth opportunity, with Cirrus Logic introducing new product families and haptic components for in-cabin tactile responses and advanced audio experiences. This includes new timing products designed for superior audio and haptic drivers for various vehicle tiers.
- Increased Penetration of High-Performance Mixed-Signal (HPMS) Solutions: The High-Performance Mixed-Signal segment, encompassing haptic driver and sensing solutions, camera controllers, and power-related components, is a key focus for diversification and growth. Cirrus Logic aims to increase the integration of HPMS components across existing and new devices, including smartphones, with strong demand for custom-boosted amplifiers and smart codecs. The total served addressable market for HPMS is projected to grow from $4.0 billion in 2023 to $9.0 billion by 2028.
- Re-entry and Growth in Wearables and Tablets: Cirrus Logic is actively re-engaging with the wearables and tablets markets, offering ultra-low-power audio and haptics. This strategy aims to diversify revenue streams and mitigate cyclicality associated with other segments.
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Share Repurchases
- Cirrus Logic announced an equity buyback program of up to $500 million worth of its shares in August 2022, with no expiration date.
- In March 2025, the company's board authorized the repurchase of an additional $500 million of common shares.
- As of December 27, 2025, Cirrus Logic had $344.1 million remaining under its existing share repurchase authorization.
Share Issuance
- Cirrus Logic's shares outstanding have shown a consistent decline over the last few years, indicating net share repurchases rather than issuance. For instance, shares outstanding decreased by 1.39% from 2024 to 2025, and by 2.11% from 2023 to 2024.
Capital Expenditures
- The latest value for Cirrus Logic's capital expenditure over the last twelve months (LTM) was $12.3 million as of November 2025.
- Over the past five years, the average capital expenditure has been approximately $27.73 million, with the figure peaking in 2023.
- Capital expenditures are primarily focused on strategic investments in research and development (R&D) and the introduction of differentiated products, including new high-performance analog-to-digital converters (ADCs), digital-to-analog converters (DACs), and automotive timing solutions, aimed at long-term product and customer diversification.
Latest Trefis Analyses
Trade Ideas
Select ideas related to CRUS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 09302022 | CRUS | Cirrus Logic | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 59.0% | 7.5% | -7.2% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 197.13 |
| Mkt Cap | 100.9 |
| Rev LTM | 12,013 |
| Op Inc LTM | 3,264 |
| FCF LTM | 2,443 |
| FCF 3Y Avg | 2,024 |
| CFO LTM | 3,937 |
| CFO 3Y Avg | 3,760 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | -1.4% |
| Rev Chg Q | 8.8% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 13.6% |
| Op Inc Chg 3Y Avg | -4.1% |
| Op Mgn LTM | 26.0% |
| Op Mgn 3Y Avg | 26.4% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 32.0% |
| CFO/Rev 3Y Avg | 29.7% |
| FCF/Rev LTM | 23.8% |
| FCF/Rev 3Y Avg | 23.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 100.9 |
| P/S | 7.3 |
| P/Op Inc | 26.8 |
| P/EBIT | 26.0 |
| P/E | 27.5 |
| P/CFO | 24.9 |
| Total Yield | 4.7% |
| Dividend Yield | 1.7% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 22.9% |
| 3M Rtn | 17.5% |
| 6M Rtn | 25.9% |
| 12M Rtn | 81.5% |
| 3Y Rtn | 42.0% |
| 1M Excs Rtn | 14.3% |
| 3M Excs Rtn | 13.6% |
| 6M Excs Rtn | 24.1% |
| 12M Excs Rtn | 46.5% |
| 3Y Excs Rtn | -30.6% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $169.77 | |
| Market Cap ($ Bil) | 8.7 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $144.90 | $125.50 |
| DMA Trend | up | up |
| Distance from DMA | 17.2% | 35.3% |
| 3M | 1YR | |
| Volatility | 38.3% | 33.6% |
| Downside Capture | -0.40 | 0.06 |
| Upside Capture | 103.76 | 94.72 |
| Correlation (SPY) | 10.7% | 34.7% |
CRUS Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.62 | 0.35 | 0.37 | 0.92 | 1.27 | 1.35 |
| Up Beta | 0.30 | 0.60 | 1.45 | 1.43 | 1.57 | 1.39 |
| Down Beta | 0.97 | 0.35 | 0.14 | 0.95 | 1.39 | 1.27 |
| Up Capture | 137% | 100% | 98% | 110% | 102% | 227% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 13 | 26 | 37 | 73 | 142 | 396 |
| Down Capture | 9% | -18% | -32% | 59% | 78% | 108% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 9 | 16 | 26 | 53 | 108 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRUS | |
|---|---|---|---|---|
| CRUS | 105.1% | 33.5% | 2.20 | - |
| Sector ETF (XLK) | 61.4% | 20.8% | 2.20 | 34.7% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 36.1% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | -1.0% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | 3.5% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 32.4% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 14.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRUS | |
|---|---|---|---|---|
| CRUS | 15.8% | 36.2% | 0.49 | - |
| Sector ETF (XLK) | 17.9% | 24.7% | 0.65 | 60.7% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 58.0% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 6.2% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 11.9% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 38.9% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 20.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRUS | |
|---|---|---|---|---|
| CRUS | 17.3% | 40.3% | 0.53 | - |
| Sector ETF (XLK) | 22.8% | 24.3% | 0.85 | 61.3% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 58.6% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 2.3% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 17.4% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 40.3% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 13.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | 8.3% | 14.0% | 7.8% |
| 11/4/2025 | -7.9% | -7.1% | -4.5% |
| 8/5/2025 | -7.4% | 3.5% | 9.8% |
| 2/4/2025 | 7.8% | 2.1% | 1.5% |
| 11/4/2024 | -7.1% | -5.4% | -6.3% |
| 8/6/2024 | 7.5% | 19.4% | 19.9% |
| 5/7/2024 | 12.2% | 21.4% | 30.4% |
| 2/6/2024 | 14.6% | 13.3% | 20.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 12 |
| # Negative | 10 | 12 | 11 |
| Median Positive | 5.3% | 10.6% | 9.6% |
| Median Negative | -7.3% | -5.2% | -6.3% |
| Max Positive | 14.6% | 21.4% | 30.4% |
| Max Negative | -13.7% | -14.3% | -20.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/23/2025 | 10-K |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/24/2024 | 10-K |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/19/2023 | 10-K |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/20/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q3 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 410.00 Mil | 440.00 Mil | 470.00 Mil | -17.0% | Lower New | Guidance: 530.00 Mil for Q3 2026 | |
| Q4 2026 GAAP Gross Margin | 51.0% | 52.0% | 53.0% | 0 | 0 | Same New | Guidance: 52.0% for Q3 2026 |
| Q4 2026 GAAP Operating Expenses | 147.00 Mil | 150.00 Mil | 153.00 Mil | -2.6% | Lower New | Guidance: 154.00 Mil for Q3 2026 | |
| Q4 2026 Non-GAAP Operating Expenses | 124.00 Mil | 127.00 Mil | 130.00 Mil | -3.1% | Lower New | Guidance: 131.00 Mil for Q3 2026 | |
Prior: Q2 2026 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 500.00 Mil | 530.00 Mil | 560.00 Mil | -1.8% | Lowered | Guidance: 540.00 Mil for Q2 2026 | |
| Q3 2026 GAAP Gross Margin | 51.0% | 52.0% | 53.0% | 0 | 0 | Affirmed | Guidance: 52.0% for Q2 2026 |
| Q3 2026 GAAP Operating Expenses | 151.00 Mil | 154.00 Mil | 157.00 Mil | -1.3% | Lowered | Guidance: 156.00 Mil for Q2 2026 | |
| Q3 2026 Non-GAAP Operating Expenses | 128.00 Mil | 131.00 Mil | 134.00 Mil | -2.2% | Lowered | Guidance: 134.00 Mil for Q2 2026 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brannan, Andrew | EVP, Worldwide Sales | Direct | Sell | 11182025 | 119.06 | 8,913 | 1,061,184 | 708,409 | Form |
| 2 | Alberty, Carl Jackson | EVP, MSP | Direct | Sell | 11122025 | 116.65 | 1,000 | 116,650 | 4,507,939 | Form |
| 3 | Thomas, Scott | EVP, General Counsel | Direct | Sell | 10222025 | 131.25 | 734 | 96,338 | 3,452,794 | Form |
| 4 | Thomas, Scott | EVP, General Counsel | Direct | Sell | 9182025 | 121.49 | 11,089 | 1,347,203 | 3,196,037 | Form |
| 5 | Baumgartner, Jeffrey W | EVP, R&D | Direct | Sell | 9182025 | 120.00 | 9,162 | 1,099,440 | 1,680,120 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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