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Cirrus Logic

CRUS
67
Semiconductors · Technology
Also trades as: 0HYI.L GBP 1.11 (+0.23%)
Price
$112.32
+1.83 (+1.66%)
Market Cap
$5.63B
Exchange
NASDAQ
Winston Score
67
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 24, 2026 · filings through Jun 27, 2026

§How the score breaks down

Quality
Strong
21/30
Growth
Strong
16/20
Cash Flow
Exceptional
10/10
Stability
Exceptional
10/10
Valuation
Good
5/10
Ownership
Weak
2/15
Dividends
Not counted
n/a

64 of 95 counted points = Winston Score 67. Pillars marked n/a do not apply to this company and are left out of the total.

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Share count falling — buybacks

−11.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 59.1M (2022) → 52.4M (2026)

§Winston Score History

The full picture

Cirrus Logic makes tiny computer chips that handle audio and power functions inside smartphones and other consumer electronics. Its most important chips process sound — making microphones clearer and speakers louder — and manage how efficiently a device uses its battery. The company sells almost entirely to a small number of large device makers, with Apple being by far its biggest customer, accounting for the vast majority of its revenue.

Cirrus Logic earns money by designing and selling these chips to manufacturers, who then build them into finished products. The company operates primarily in the United States, with design centers globally, and generates roughly $2 billion in annual revenue. Its deep technical integration with Apple gives it a strong but risky position — losing or reducing that relationship would significantly hurt the business. The key growth opportunity is expanding into new chip categories, such as camera controllers and power conversion chips, to reduce its heavy dependence on a single customer.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.9% YoY

YoY Growth Rate

Steady revenue growth

Reported EPS Growth

+29.9% YoY

Quarterly reporting periods ended:

28 Jun 2025: $1.17

27 Jun 2026: $1.52

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$434M/ year

→ Flat (-0% vs prior year)

21.7% of revenue

In line with sector average (15%)

Steady R&D investment year-over-year

Insider Activity

0.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Cirrus Logic is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
52.6%
Healthy — 52.6% gross margin
Profit after running costs
Operating Margin
18.4%
Healthy — 18.4% operating margin
Return on the money invested
ROCE
20.0%
Exceptional — 20.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+6.2%
Slow sales growth (+6.2% YoY)
Profit growth
EPS YoY
+27.5%
Earnings growing fast (+27.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
139%
Turns 139% of profit into real cash
Spare cash per sale
FCF Margin
27.9%
Converts sales into free cash efficiently (27.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.08
Conservative — low debt load (0.08)
Covers its interest
Interest Cover
471.01x
Comfortably covers interest (471.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
13.3x
Attractive valuation — P/E 13.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-0.2
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Not applicable for this business.
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