Cirrus Logic

OverviewSuggest Edit

Cirrus Logic is a fabless semiconductor company that develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. It offers low-power, high-precision mixed-signal processing solutions for mobile applications including smartphones, wearables, tablets, digital headsets, as well as other segments such as consumer, smart home, and automotive. Its product line also includes smart codecs, boosted amplifiers, haptic driver and sensing solutions, and DSPs (digital signal processors).

TypePublic
Founded1984
HQAustin, TX, US
Websitecirrus.com
Employee Ratings4.1
Overall CultureB

Latest Updates

Employees (est.) (Mar 2021)1,481(+3%)
Job Openings160
Revenue (FY, 2021)$1.4 B(+7%)
Share Price (May 2022)$78.6
Cybersecurity ratingBMore
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Key People/Management at Cirrus Logic

John Forsyth

John Forsyth

President and Chief Executive Officer
Carl Alberty

Carl Alberty

Vice President, Mixed‑Signal Products
Scott Anderson

Scott Anderson

Senior Vice President, Supply Chain
Jeff Baumgartner

Jeff Baumgartner

Vice President, Research and Development
Andy Brannan

Andy Brannan

Vice President, Worldwide Sales
Thurman K Case

Thurman K Case

Chief Financial Officer and Vice President, Finance
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Cirrus Logic Office Locations

Cirrus Logic has offices in Austin, Cupertino, Mesa, Salt Lake City and in 11 other locations
Austin, TX, US (HQ)
800 W 6th St
Cupertino, CA, US
19419 Stevens Creek Blvd #200
Mesa, AZ, US
1620 S Stapley Dr #118
Salt Lake City, UT, US
111 Main St #1550
Beijing, CN
Guomeng Mansion, No.12, Room 1E, Tower A, JingAn DongLi, Chaoyang District
Shenzhen Shi, CN
Shen Nan Zhong Lu, Futian Qu
Show all (16)

Cirrus Logic Financials and Metrics

Cirrus Logic Revenue

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View revenue for all periods
Cirrus Logic's revenue was reported to be $1.37 b in FY, 2021 which is a 6.9% increase from the previous period.
USD

Revenue (Q3, 2022)

548.3m

Gross profit (Q3, 2022)

289.5m

Gross profit margin (Q3, 2022), %

52.8%

Net income (Q3, 2022)

127.6m

EBIT (Q3, 2022)

144.2m

Market capitalization (25-May-2022)

4.5b

Closing stock price (25-May-2022)

78.6

Cash (25-Dec-2021)

195.1m

EV

4.5b
Cirrus Logic's current market capitalization is $4.5 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.2b1.3b1.4b

Revenue growth, %

(23%)8%7%

Cost of goods sold

588.0m607.0m661.9m

Gross profit

597.5m674.2m707.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

238.3m388.9m374.7m242.6m347.3m485.8m277.3m465.9m548.3m

Cost of goods sold

115.8m181.0m177.2m115.1m167.1m234.3m137.3m230.4m258.8m

Gross profit

122.5m207.9m197.5m127.5m180.2m251.5m139.9m235.4m289.5m

Gross profit Margin, %

51%53%53%53%52%52%50%51%53%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

216.2m292.1m442.2m

Accounts Receivable

120.7m154.0m108.7m

Inventories

164.7m146.7m173.3m

Current Assets

625.0m650.2m842.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

90.0m159.5m217.3m

Depreciation and Amortization

79.8m68.2m47.1m

Inventories

40.6m17.8m(26.5m)

Accounts Payable

(22.0m)27.6m21.1m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

4.6m80.8m149.3m18.2m77.7m192.1m17.2m102.3m229.9m

Depreciation and Amortization

19.7m37.9m55.4m11.7m23.8m35.5m11.9m27.7m45.2m

Inventories

18.4m19.9m26.8m(52.6m)(62.3m)4.0m(19.5m)(7.4m)32.4m

Accounts Payable

3.2m61.5m47.1m2.6m19.4m6.2m(21.7m)280.9m(12.7m)
USDFY, 2019

Revenue/Employee

764.4k

Financial Leverage

1.2 x
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Cirrus Logic Operating Metrics

FY, 2018FY, 2019FY, 2020Q2, 2021

Patents and Patent Applications

3.1 k3.3 k3.4 k3.53 k

Patents (US)

1.05 k1.1 k1.16 k

Patent Applications (US)

480450475

Cirrus Logic Acquisitions / Subsidiaries

Company NameDateDeal Size
Wolfson MicroelectronicsAugust 21, 2014$469 m
Acoustic Technologies, IncOctober 01, 2013$20.4 m
Apex MicrotechnologyJuly 24, 2007$42.8 m
Caretta Integrated Circuits, IncDecember 29, 2006$11.26 m
Stream Machine CompanyDecember 07, 2001$72.1 m
LuxSonor Semiconductors, IncOctober 10, 2001$51.3 m
ShareWave, IncOctober 02, 2001$76.6 m
AudioLogic, Inc.July 27, 1999$22.7 m
PicoPower Technology, IncAugust 01, 1994
Pacific Communication Sciences, IncFebruary 01, 1993
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Cirrus Logic Revenue Breakdown

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Cirrus Logic revenue breakdown by business segment: 90.2% from Portable Products and 9.8% from Non-Portable and Other Products

Cirrus Logic revenue breakdown by geographic segment: 74.8% from China, 5.7% from Rest of World, 12.5% from Hong Kong and 7.0% from Other

Human Capital Metrics

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Cirrus Logic Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Cirrus Logic Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Cirrus Logic Online and Social Media Presence

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Cirrus Logic Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A+

    83/100

  • Compensation

    A

    82/100

  • Diversity

    D+

    59/100

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Cirrus Logic News and Updates

Cirrus Logic stock jumps 10% after quarterly results top views

Shares of Cirrus Logic Inc. jumped more than 10% in the extended session Monday after the chip supplier reported fiscal third-quarter earnings and sales well above Wall Street expectations. Cirrus Logic said it earned $128 million, or $2.16 a share, in the quarter, compared with $114 million, or $1…

Cirrus Logic Reports Q2 FY22 Revenue of $465.9 Million

Cirrus Logic, Inc. (Nasdaq: CRUS)today posted on its website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the second quarter fiscal year 2022, which ended Sept. 25, 2021, as well as the company’s current business outlook.

Cirrus Logic Announces CFO Retirement

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that Thurman Case is planning to retire from his position as chief financial officer. Mr. Case will remain in his role and will work to help ensure a seamless transition following a comprehensive search to identify his successor.

Cirrus Logic Appoints Marvell Technology’s Raghib Hussain to Board of Directors

Cirrus Logic, Inc. (NASDAQ: CRUS) has announced that Raghib Hussain has been named to the company’s Board of Directors, effective Sept. 29. Hussain currently serves as president, Products and Technologies, for Marvell Technology, Inc.

Cirrus Logic to Announce Q2 Results November 1

Cirrus Logic, Inc. (Nasdaq: CRUS)today announced that the company will post its second quarter fiscal year 2022 financial results and business outlook on the investor relations area of its website on Monday, Nov. 1, at approximately 4 p.m. EDT.

Worldwide Smartphone Audio Codecs Industry to 2026 - Featuring Analog Devices, Cirrus Logic and CML Microcircuits Among Others

DUBLIN, Sept. 16, 2021 /PRNewswire/ -- The "Smartphone Audio Codecs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global smartphone audio codecs market exhibited moderate growth...
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Cirrus Logic Frequently Asked Questions

  • When was Cirrus Logic founded?

    Cirrus Logic was founded in 1984.

  • Who are Cirrus Logic key executives?

    Cirrus Logic's key executives are John Forsyth, Carl Alberty and Scott Anderson.

  • How many employees does Cirrus Logic have?

    Cirrus Logic has 1,481 employees.

  • What is Cirrus Logic revenue?

    Latest Cirrus Logic annual revenue is $1.4 b.

  • What is Cirrus Logic revenue per employee?

    Latest Cirrus Logic revenue per employee is $924.5 k.

  • Who are Cirrus Logic competitors?

    Competitors of Cirrus Logic include Goodix Technology, Dialog Semiconductor and Analog Devices.

  • Where is Cirrus Logic headquarters?

    Cirrus Logic headquarters is located at 800 W 6th St, Austin.

  • Where are Cirrus Logic offices?

    Cirrus Logic has offices in Austin, Cupertino, Mesa, Salt Lake City and in 11 other locations.

  • How many offices does Cirrus Logic have?

    Cirrus Logic has 16 offices.