Cirrus Logic, Inc. CRUS

What this company does

Cirrus Logic, Inc. is a fabless semiconductor company that contracts with third parties for wafer fabrication and product assembly and test. As of March 28, 2026, the company had 1,668 employees, 99 percent of whom were full-time; 71 percent were engaged in research and product development activities, 24 percent in sales, marketing, general and administrative activities, and 5 percent in manufacturing-related activities. For fiscal years 2026, 2025 and 2024, one end customer, Apple Inc., purchasing through multiple contract manufacturers, represented approximately 91 percent, 89 percent and 87 percent of the Company's total net sales, respectively. The Company operates and tracks its results in one reportable segment, but reports revenue performance in two product lines, Audio and HPMS. In its Audio product line, Cirrus Logic supplies low-power, low-latency, high-precision audio components used in applications including smartphones, PCs, tablets, AR/VR headsets, wearables, home theater systems, automotive entertainment systems and professional audio systems. In its HPMS product line, Cirrus Logic offers camera controllers for automatic focus and optical image stabilization, haptic and sensing solutions, and battery and power ICs, primarily used in smartphones. Cirrus Logic, Inc. was incorporated in California in 1984, became a public company in 1989, and was reincorporated in the State of Delaware in February 1999.

Written from the business description in CIRRUS LOGIC, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 21 May 2026. Every sentence was checked against that document before publication.