$CRUS
CIRRUS LOGIC, INC. Stock $crus

$crus Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000077240624000057 Filed on August 06, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$541.9M	$374.0M
YoY Change	12.64%	17.98%
Cost Of Revenue	$259.3M	$185.1M
YoY Change	10.58%	17.43%
Gross Profit	$282.6M	$188.9M
YoY Change	14.6%	18.53%
Gross Profit Margin	52.15%	50.51%
Selling, General & Admin	$37.81M	$36.77M
YoY Change	10.17%	3.93%
% of Gross Profit	13.38%	19.46%
Research & Development	$112.9M	$105.4M
YoY Change	8.37%	-0.8%
% of Gross Profit	39.96%	55.77%
Depreciation & Amortization	$12.62M	$12.36M
YoY Change	7.85%	3.5%
% of Gross Profit	4.47%	6.54%
Operating Expenses	$150.7M	$142.1M
YoY Change	7.02%	0.38%
Operating Profit	$131.9M	$46.79M
YoY Change	24.68%	162.98%
Interest Expense	$8.818M	$8.170M
YoY Change	138.32%	77.61%
% of Operating Profit	6.69%	17.46%
Other Income/Expense, Net	$19.00K	$1.609M
YoY Change	-127.14%	326.79%
Pretax Income	$140.0M	$56.60M
YoY Change	27.97%	148.59%
Income Tax	$37.90M	$14.50M
% Of Pretax Income	27.07%	25.62%
Net Earnings	$102.1M	$42.10M
YoY Change	35.45%	169.84%
Net Earnings / Revenue	18.85%	11.25%
Basic Earnings Per Share	$1.92	$0.79
Diluted Earnings Per Share	$1.83	$0.76
COMMON SHARES
Basic Shares Outstanding	53.41M shares	53.57M shares
Diluted Shares Outstanding	55.80M shares	55.67M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$478.3M	$517.0M
YoY Change	53.09%	33.22%
Cash & Equivalents	$445.8M	$491.4M
Short-Term Investments	$32.50M	$25.68M
Other Short-Term Assets	$29.45M	$29.09M
YoY Change	-58.69%	-83.24%
Inventory	$271.8M	$232.6M
Prepaid Expenses	$49.59M	$48.28M
Receivables	$324.1M	$190.1M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.225B	$1.102B
YoY Change	11.67%	5.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$168.3M	$171.0M
YoY Change	-1.63%	-41.61%
Goodwill	$435.9M	$435.9M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$228.3M	$227.5M
YoY Change	470.76%	498.3%
Other Assets	$53.29M	$60.55M
YoY Change	20.98%	-70.42%
Total Long-Term Assets	$1.131B	$1.164B
YoY Change	12.27%	15.47%
TOTAL ASSETS
Total Short-Term Assets	$1.225B	$1.102B
Total Long-Term Assets	$1.131B	$1.164B
Total Assets	$2.356B	$2.266B
YoY Change	11.96%	10.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$91.90M	$77.56M
YoY Change	5.22%	2.13%
Accrued Expenses	$110.7M	$96.63M
YoY Change	13.11%	10.88%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$229.3M	$201.7M
YoY Change	13.96%	-0.55%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$24.00K	$193.0K
YoY Change	-99.67%	-99.9%
Total Long-Term Liabilities	$198.7M	$216.3M
YoY Change	1.96%	9.8%
TOTAL LIABILITIES
Total Short-Term Liabilities	$229.3M	$201.7M
Total Long-Term Liabilities	$198.7M	$216.3M
Total Liabilities	$428.0M	$418.0M
YoY Change	8.06%	4.55%
SHAREHOLDERS EQUITY
Retained Earnings	$107.2M	$58.59M
YoY Change	-8940.31%	-274.27%
Common Stock	$1.820B	$1.792B
YoY Change	6.24%	5.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.928B	$1.848B
YoY Change
Total Liabilities & Shareholders Equity	$2.356B	$2.266B
YoY Change	11.96%	10.16%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$102.1M	$42.10M
YoY Change	35.45%	169.84%
Depreciation, Depletion And Amortization	$12.62M	$12.36M
YoY Change	7.85%	3.5%
Cash From Operating Activities	$8.231M	$87.16M
YoY Change	-136.26%	-318.93%
INVESTING ACTIVITIES
Capital Expenditures	$2.740M	$9.990M
YoY Change	-67.76%	-18.85%
Acquisitions
YoY Change
Other Investing Activities	-$2.742M	-$56.41M
YoY Change	357.0%	2327.45%
Cash From Investing Activities	-$5.482M	-$66.56M
YoY Change	-40.41%	354.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-48.34M	-$32.02M
YoY Change	13.48%	-17.89%
NET CHANGE
Cash From Operating Activities	8.231M	$87.16M
Cash From Investing Activities	-5.482M	-$66.56M
Cash From Financing Activities	-48.34M	-$32.02M
Net Change In Cash	-45.59M	-$11.41M
YoY Change	-38.8%	-87.79%
FREE CASH FLOW
Cash From Operating Activities	$8.231M	$87.16M
Capital Expenditures	$2.740M	$9.990M
Free Cash Flow	$5.491M	$77.17M
YoY Change	-117.6%	-248.06%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-450000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	-358000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	-20000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-75000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-4000	usd
CY2024Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	185101000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	157629000	usd
CY2024Q2	us-gaap	Gross Profit GrossProfit	188925000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	159387000	usd
CY2024Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	105363000	usd
CY2023Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	106215000	usd
CY2024Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	36770000	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	35379000	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	142133000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	141594000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	46792000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	17793000	usd
CY2024Q2	us-gaap	Investment Income Net InvestmentIncomeNet	8420000	usd
CY2023Q2	us-gaap	Investment Income Net InvestmentIncomeNet	4818000	usd
CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1609000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	377000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	56603000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	22770000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14508000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7170000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	42095000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	15600000	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.79
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.76
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	53433000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54862000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55665000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56631000	shares
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	42095000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	15600000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	15600000	usd
CY2024Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12359000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11941000	usd
CY2024Q2	us-gaap	Share Based Compensation ShareBasedCompensation	21385000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	22715000	usd
CY2024Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-5897000	usd
CY2023Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-9411000	usd
CY2024Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-6000	usd
CY2023Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1334000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	27601000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	35560000	usd
CY2024Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5318000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	67506000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	502764000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	445784000	usd
CY2024Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	218000	usd
CY2023Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	218000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-358000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	41454000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	15134000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	42095000	usd
CY2024Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1104000	usd
CY2024Q2	crus	Increase Decrease In Advances On Inventory Purchases IncreaseDecreaseInAdvancesOnInventoryPurchases	-12354000	usd
CY2023Q2	crus	Increase Decrease In Advances On Inventory Purchases IncreaseDecreaseInAdvancesOnInventoryPurchases	0	usd
CY2024Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	5459000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-8101000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	12037000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-10278000	usd
CY2024Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	30102000	usd
CY2023Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	20079000	usd
CY2024Q2	crus	Increase Decrease In Acquisition Related Liabilities IncreaseDecreaseInAcquisitionRelatedLiabilities	0	usd
CY2023Q2	crus	Increase Decrease In Acquisition Related Liabilities IncreaseDecreaseInAcquisitionRelatedLiabilities	3166000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	87161000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-39813000	usd
CY2024Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	12646000	usd
CY2023Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	11048000	usd
CY2024Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	69060000	usd
CY2023Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	13372000	usd
CY2024Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9990000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12310000	usd
CY2024Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	155000	usd
CY2023Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-66559000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-14634000	usd
CY2024Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	10196000	usd
CY2023Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	560000	usd
CY2024Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1219000	usd
CY2023Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1047000	usd
CY2024Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	40992000	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	38504000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-32015000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-38991000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-11413000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-93438000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	491351000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	352346000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1658282000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	15600000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-16000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-450000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-482000	usd
CY2023Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	38855000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	22715000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1656794000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1817014000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	42095000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-283000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-358000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	8978000	usd
CY2024Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	41201000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	21385000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1847630000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	254459000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	91000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1343000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	253207000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1300000	usd
CY2024Q2	crus	Available For Sale Securities Amortized Cost On Gross Unrealized Losses AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses	224500000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	21800000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	300000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	198045000	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	115000	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1008000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	197152000	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1000000.0	usd
CY2024Q1	crus	Available For Sale Securities Amortized Cost On Gross Unrealized Losses AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses	172100000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	25000000.0	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	300000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	25881000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	25680000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	24071000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	23778000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	228578000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	227527000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	173974000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	173374000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	254459000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	253207000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	198045000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	197152000	usd
CY2024Q2	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2024Q2	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	0	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	253207000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	439465000	usd
CY2024Q2	us-gaap	Number Of Foreign Currency Derivatives Held NumberOfForeignCurrencyDerivativesHeld	1	derivativecontract
CY2024Q2	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	11300000	usd
CY2024Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	190079000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	162478000	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	190079000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	162478000	usd
CY2024Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	130464000	usd
CY2024Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	130842000	usd
CY2024Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	102102000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	96406000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	232566000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	227248000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	374026000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	317016000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	374026000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	317016000	usd
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	2300000	usd
	crus	Restructuring Charges Recovery RestructuringChargesRecovery	400000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	1000000.0	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	56603000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	22770000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14508000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7170000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.315
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14500000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7200000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.315
CY2024Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	32100000	usd
CY2024Q2	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	9900000	usd
CY2024Q2	us-gaap	Income Tax Examination Estimate Of Possible Loss IncomeTaxExaminationEstimateOfPossibleLoss	168300000	usd
CY2024Q2	crus	Income Tax Examination Estimate Of Possible Loss Penalties Expense IncomeTaxExaminationEstimateOfPossibleLossPenaltiesExpense	63700000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	42095000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	15600000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	53433000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54862000	shares
CY2024Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2232000	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1769000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55665000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56631000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.79
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.76
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	259000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	347000	shares
CY2021Q3	crus	Payments For Purchase Commitment Capacity Reservation Fee PaymentsForPurchaseCommitmentCapacityReservationFee	60000000	usd
CY2024Q2	crus	Unamortized Capacity Reservation Fees UnamortizedCapacityReservationFees	29000000	usd
CY2021Q3	crus	Payments For Purchase Commitments Prepaid Wafers PaymentsForPurchaseCommitmentsPrepaidWafers	195000000	usd
CY2024Q2	crus	Purchase Commitments Prepaid And Long Term Prepaid Wafers PurchaseCommitmentsPrepaidAndLongTermPrepaidWafers	135000000	usd
CY2024Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	200000	shares
CY2024Q2	us-gaap	Sales And Excise Tax Payable Current And Noncurrent SalesAndExciseTaxPayableCurrentAndNoncurrent	1500000	usd
CY2024Q2	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2024Q2	crus	Number Of Product Lines NumberOfProductLines	2	product_line
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0000772406-24-000057-index.html	Edgar Link	pending
0000772406-24-000057.txt	Edgar Link	pending
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crus-20240629_htm.xml	Edgar Link	completed
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ex312-crus8624.htm	Edgar Link	pending
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ex322-crus8624.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
R51.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$CRUS
CIRRUS LOGIC, INC. Stock $crus

2024 Q3 Form 10-Q Financial Statement

#000077240624000057 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS CIRRUS LOGIC, INC. Stock $crus

2024 Q3 Form 10-Q Financial Statement

#000077240624000057 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS
CIRRUS LOGIC, INC. Stock $crus