Cirrus Logic, Inc. (CRUS) - Stock Analysis
Last updated: Jun 6, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Semiconductor momentum name: recent quarter beat with revenue above high-end guidance, very strong profitability and FCF (ARQ net margin ~24%, FCF margin ~49%, high cash and low debt), plus a ~17.5% 21âday rally and clean breakout well above prior resistance (price ~17% over 21âday SMA) make CRUS a tactical shortâterm long while momentum holds.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Free Cash Flow ⢠Strong Balance Sheet ⢠Premium Valuation CRUS is financially strong and cash-rich with high margins, ample liquidity, and robust returns, but its premium valuation limits upside unless those results are sustained. #cash-richâ #premium-valuationâ
Price Behavior
Key Price Behavior Insights: ⢠Mid-May rebound ⢠Early-June reversal ⢠Range-bound trade Support Level: $160â$166 Resistance Level: $175â$179 CRUS finished last month slightly below where it started, with a strong mid-May rebound quickly reversed by an early-June selloff, leaving the stock stuck between $160â$166 support and $175â$179 resistance.
Sentiment & News
Key News Insights: ⢠Earnings beat ⢠Cash-rich balance ⢠Apple dependence Cirrus Logic is showing strong earnings momentum, a cash-rich balance sheet, and progress diversifying beyond Apple and smartphones, though valuation and customer concentration remain key risks.
AI Summary
CRUS has evolved from a purely Apple-dependent chip supplier into a high-quality, cash-generative compounder with strong margins and balance sheet strength, but at ~20x earnings the stock now needs real evidence that diversification into industrial imaging, smart power, batteries, and broader audio can drive durable growth fast enough to justify the premium.
Description
Cirrus Logic is a fabless semiconductor company that designs low-power, high-precision mixed-signal ICs for audio and related applications. Its product range spans integrated codecs and smart codecs with DSP functionality, audio enhancement software and algorithms (branded SoundClear), as well as mixed-signal components for haptics, camera control, power conversion and fast charging; these parts appear in smartphones, tablets, headsets, PCs, AR/VR devices, automotive infotainment and various industrial and energy systems. The company sells through a combination of direct sales, external representatives and distributors and is headquartered in Austin, Texas, having been incorporated in 1984.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Apr 9 | Apr 16 | CRUS | Cirrus Logic, Inc. | Semiconductor momentum name: recent quarter beat with revenue above high-end guidance, very strong profitability and FCF (ARQ net margin ~24%, FCF margin ~49%, high cash and low debt), plus a ~17.5% 21âday rally and clean breakout well above prior resistance (price ~17% over 21âday SMA) make CRUS a tactical shortâterm long while momentum holds. | Closed | +3.2% |
| Dec 1 | Dec 8 | CRUS | Cirrus Logic, Inc. | Cirrus Logic delivered record fiscal Q2 2026 revenue and EPS beats driven by smartphone and PC demand, with strong liquidity and positive analyst sentiment. Despite some elevated inventory and technical softness, fundamentals support near-term price appreciation in a favorable semiconductor sector environment. | Closed | +3.5% |