Cirrus Logic (NASDAQ: CRUS) is a fabless semiconductor company that designs low-power, high-precision mixed-signal processing solutions, with headquarters in Austin, Texas. Revenue comes from selling chips into two product lines: Audio and HPMS (high-performance mixed-signal), with smartphones as the primary end market as of the fiscal year ended March 28, 2026. The company operates one reportable segment and tracks performance across those two product lines. Cirrus Logic does not own fabrication facilities; wafer production is contracted primarily to GLOBALFOUNDRIES and Taiwan Semiconductor Manufacturing Company (TSMC), with assembly and test outsourced to Advanced Semiconductor Engineering, Amkor Technology, STATS ChipPAC, SFA Semicon, and Siliconware Precision Industries. Products in active development as of FY2026 include a 22-nanometer smart codec, custom boosted amplifiers, camera controller components, and battery and power management technologies. CEO John M. Forsyth and CFO Jeff Woolard signed the 10-K filed May 21, 2026. Inventory stood at $240.9 million as of March 28, 2026.

Revenue model

Transactional product sales of mixed-signal semiconductor chips across two product lines: Audio and HPMS. Revenue is recognized upon sale of physical semiconductor products to customers, primarily in the smartphone market.

Products and services

Audio ICs, high-performance mixed-signal (HPMS) chips, 22-nanometer smart codecs, custom boosted amplifiers, camera controller components, battery and power management ICs. Trademarks include CIRRUS LOGIC, CIRRUS, and SoundClear.

Customers and end markets

Smartphones are the primary end market as of FY2026. The filing references a single largest customer whose announcement highlighted collaboration with Cirrus Logic; specific customer names and revenue concentration percentages are not disclosed in the excerpts. End markets also include additional applications being pursued using audio and HPMS intellectual property.

Value-chain role

Fabless semiconductor designer. Cirrus Logic handles chip design and IP development internally, then contracts wafer fabrication to TSMC (Taiwan) and GlobalFoundries (Singapore and Germany), with assembly and test performed by third-party houses primarily in Asia. This positions Cirrus Logic as a design and IP company in the semiconductor supply chain.

Geographic exposure

International sales represent a significant portion of product revenue as of FY2026. Manufacturing is concentrated in Asia and Germany via third-party subcontractors. The filing cites exposure to geopolitical risk in China and broader export control considerations.

Source: SEC 10-K, filed 2026-05-21

Industry: Semiconductors & Related Devices Peers: NVIDIA Corp Allegro Microsystems Inc Diodes Inc Lattice Semiconductor Corp MACOM Technology Solutions Holdings Inc Power Integrations Inc Silicon Laboratories Inc Synaptics Inc Universal Display Corp