CIRRUS LOGIC, INC.

CRUS 10-K ยท FY 2026

CRUS FY 2026 request

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Income Statement

Income Statement
Metric FY 2026 FY 2025 YoY
Revenue 1,997,379 1,896,077 +5.3%
Show Product Lines breakouts
Audio Products 1,159,933 1,137,157 +2.0%
HPMS Products 837,446 758,920 +10.3%
Show Geography breakouts
CN 1,066,874 1,126,367 -5.3%
HK 222,736 196,530 +13.3%
IN 313,751 205,902 +52.4%
KR 120,022 142,655 -15.9%
Rest of World 915,635 753,872 +21.5%
Rest of World 74,066 85,712 -13.6%
US 14,870 15,838 -6.1%
VN 185,060 123,073 +50.4%
Cost of Revenue 943,207 900,039 +4.8%
Gross Profit 1,054,172 996,038 +5.8%
Research & Development 433,953 434,684 -0.2%
Selling, General & Administrative 159,839 150,995 +5.9%
Operating Expenses 593,792 585,679 +1.4%
Show Business Segments breakouts
Reportable Segment 593,792 585,679 +1.4%
Operating Income 460,380 410,359 +12.2%
Investment Income Net 37,739 33,984 +11.0%
Interest Expense -898 -898 0.0%
Other Non-Operating Income (Expense) -487 1,469 -133.2%
Income Before Taxes 496,734 444,914 +11.6%
Income Tax Expense (Benefit) 82,326 113,407 -27.4%
Net Income 414,408 331,507 +25.0%
Show Equity Components breakouts
Retained Earnings 414,408 331,507 +25.0%
EPS (Basic) 8.1 6.24 +29.8%
EPS (Diluted) 7.85 6 +30.8%
Wtd Avg Shares (Basic) 51,137 53,135 -3.8%
Wtd Avg Shares (Diluted) 52,822 55,241 -4.4%
Comprehensive Income 412,748 332,927 +24.0%
Operating Lease Lease Income -1,997 -944 -111.5%
Labor And Related Expense (FY) โ€” โ€” โ€”
Show Business Segments breakouts
Reportable Segment 368,936 353,338 +4.4%
Depreciation And Amortization 30.5 31.1 -1.9%

Balance Sheet

Balance Sheet
Metric FY 2026 FY 2025 YoY
Current Assets
Cash & Cash Equivalents 800,930 539,620 +48.4%
Debt Securities Available For Sale Excluding Accrued Interest Current 86,697 56,160 +54.4%
Accounts Receivable 220,149 216,009 +1.9%
Inventory 240,871 299,092 -19.5%
Prepaid Expense Current 47,587 48,236 -1.3%
Advances On Inventory Purchases Current 14,733 52,560 -72.0%
Other Assets Current 22,741 28,057 -18.9%
Total Current Assets 1,433,708 1,239,734 +15.6%
Non-Current Assets
Debt Securities Available For Sale Excluding Accrued Interest Noncurrent 266,160 239,036 +11.3%
Operating Lease Right-of-Use Assets 120,676 126,688 -4.7%
Property, Plant & Equipment 143,975 159,900 -10.0%
Show Geography breakouts
GB 12,081 13,570 -11.0%
Rest of World 9,662 12,947 -25.4%
US 122,232 133,383 -8.4%
Intangible Assets 20,727 27,461 -24.5%
Show Finite Lived Intangible Assets By Major Class breakouts
Existing technology 15,374 21,963 -30.0%
Technology licenses 5,353 5,498 -2.6%
Goodwill 435,936 435,936 0.0%
Deferred Tax Assets 49,824 48,150 +3.5%
Other Non-Current Assets 18,368 34,656 -47.0%
Total Assets 2,489,374 2,327,073 +7.0%
Current Liabilities
Accounts Payable 80,645 63,162 +27.7%
Employee Related Liabilities Current 52,723 52,075 +1.2%
Software License Agreements Liability Current 22,229 26,745 -16.9%
Operating Lease Liability Current 19,872 21,811 -8.9%
Other Accrued Liabilities Current 19,187 31,395 -38.9%
Total Current Liabilities 194,656 195,188 -0.3%
Non-Current Liabilities
Operating Lease Liabilities 114,105 121,908 -6.4%
Accrued Income Taxes Noncurrent 46,721 44,040 +6.1%
Software License Agreements Liability Noncurrent 5,896 16,488 -64.2%
Liabilities Noncurrent 166,722 182,436 -8.6%
Stockholders' Equity
Common Stock 51 52 -1.9%
Additional Paid In Capital Common Stock 1,945,907 1,860,229 +4.6%
Retained Earnings 184,881 90,351 +104.6%
Accumulated Other Comprehensive Income -2,843 -1,183 -140.3%
Total Stockholders' Equity 2,127,996 1,949,449 +9.2%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss -793 1,280 -162.0%
Accumulated Other Comprehensive Income -2,843 -1,183 -140.3%
Accumulated Translation Adjustment -2,050 -2,463 +16.8%
Additional Paid In Capital 1,945,907 1,860,229 +4.6%
Common Stock 51 52 -1.9%
Retained Earnings 184,881 90,351 +104.6%
Total Liabilities & Equity 2,489,374 2,327,073 +7.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2026 FY 2025 YoY
Operating Activities
Depreciation & Amortization 52,300 50,951 +2.6%
Stock-Based Compensation 81,811 84,146 -2.8%
Show Award Type breakouts
RSUs, PSUs and MSUs 79.7 80.7 -1.2%
Deferred Income Taxes And Tax Credits -1,123 -31 -3522.6%
Other Non-Cash Items -188 779 -124.1%
Change in Accounts Receivable -4,140 -53,531 +92.3%
Change in Inventory 58,221 -71,844 +181.0%
Increase Decrease In Advances On Inventory Purchases 53,339 79,357 -32.8%
Increase Decrease In Other Operating Assets 8,653 7,261 +19.2%
Change in Accounts Payable 17,483 9,148 +91.1%
Increase Decrease In Employee Related Liabilities 286 4,463 -93.6%
Increase Decrease In Accrued Income Taxes Payable -12,940 15,577 -183.1%
Increase Decrease In Other Accrued Liabilities -17,512 -13,799 -26.9%
Net Cash from Operations 650,598 444,366 +46.4%
Deferred Income Taxes -1,132 -98 -1055.1%
Investing Activities
Proceeds From Sale And Maturity Of Available For Sale Securities 147,597 35,296 +318.2%
Purchases of Investments -207,882 -130,827 -58.9%
Capital Expenditures -13,988 -22,776 +38.6%
Payments To Acquire Intangible Assets -848 -5,977 +85.8%
Net Cash from Investing -75,121 -124,284 +39.6%
Financing Activities
Proceeds From Stock Options Exercised 3,867 15,433 -74.9%
Tax Withholding for Share Compensation -38,070 -37,637 -1.2%
Share Repurchases -279,964 -261,022 -7.3%
Net Cash from Financing -314,167 -283,226 -10.9%
Supplemental
Income Taxes Paid 49,621 51,709 -4.0%
Interest Paid 532 404 +31.7%
Other Cash Flow
Net Change in Cash 261,310 36,856 +609.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 800,930 539,620 +48.4%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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