CluenexCirrus Logic CRUS
Cirrus Logic scores good on business quality (7.1 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Cirrus Logic does
Cirrus Logic designs high-performance mixed-signal integrated circuits, selling audio and power processing chips primarily to major smartphone manufacturers. The business converts hardware design wins into reliable cash flow through deep integration into consumer flagship devices. The focus shifts toward expanding custom mixed-signal content in upcoming device generations to protect its primary revenue streams against maturing smartphone markets.
- What it does best
Cirrus Logic dominates low-power audio technology for premium mobile hardware, generating a 52.8% gross margin that comfortably outpaces QRVO at 48.5%. This technical edge relies on deep customer co-design cycles that take years to replicate.
- The main risk
Customer concentration remains an existential vulnerability, as the company depends heavily on a single dominant smartphone manufacturer for the vast majority of its volume. Any unexpected shift in flagship device demand or component substitution directly impacts top-line revenue.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 23.0% with a 72nd percentile free cash flow margin rank, driven by efficient mixed-signal chip designs. This model scales effectively as revenue expands.
Customer lock-in anchors the moat, protecting high-end audio sockets in top-tier mobile devices. Operating margin sits in the sector's top quartile at 68th percentile rank.
Revenue grew 5.3% to $2.0B, continuing a steady climb from $1.8B in 2024. Growth is moving slowly compared to broader sector peers.
Debt-free with $888 million in cash and interest coverage at 471x, meaning debt costs are a rounding error. Free cash flow reached $571 million, heading higher.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on CRUS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Cirrus Logic scores good on the Cluenex quality check (7.1 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 4, 2026.
See CRUS today
- Today's verdict on CRUS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Cirrus Logic (CRUS)”, https://cluenex.com/stocks/crus/, data as of Oct 10, 2026.