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Cirrus Logic ( (CRUS) ) just unveiled an announcement.
On May 4, 2026, Cirrus Logic entered into a third amended and restated credit agreement establishing a $350 million senior secured revolving credit facility maturing in 2031, guaranteed by material domestic subsidiaries and secured by substantially all company and guarantor assets. The facility’s pricing and commitment fees are tied to leverage metrics and it imposes customary affirmative, negative and financial covenants, which will shape the company’s capital structure flexibility and discipline.
On May 6, 2026, the company reported fourth-quarter fiscal 2026 revenue of $448.5 million and record full-year revenue of $2.0 billion, with GAAP earnings per share of $1.56 for the quarter and $7.85 for the year and gross margins around 53 percent. Results were driven largely by demand for components in smartphones and growing PC sales, while management highlighted diversification into new applications such as next-generation camera controllers and smart power ICs and reiterated the use of non-GAAP metrics to assess performance, signaling confidence in long-term growth prospects and a broadening end-market base.
For the first quarter of fiscal 2027, Cirrus Logic guided revenue to a range of $430 million to $490 million, with expected GAAP gross margin between 51 percent and 53 percent and combined GAAP operating expenses of $155 million to $161 million, implying non-GAAP operating expenses of $132 million to $138 million. This outlook, alongside the new credit facility and strong fiscal 2026 performance, underscores the company’s intention to balance investment in product development and market expansion with financial discipline as it navigates demand trends in smartphones, PCs and broader mixed-signal markets.
The most recent analyst rating on (CRUS) stock is a Buy with a $175.00 price target. To see the full list of analyst forecasts on Cirrus Logic stock, see the CRUS Stock Forecast page.
Spark’s Take on CRUS Stock
According to Spark, TipRanks’ AI Analyst, CRUS is a Outperform.
The score is driven primarily by strong financial performance (high margins, strong cash conversion, and low leverage) and supportive technical momentum (price above key moving averages with positive MACD). Offsetting this are moderate valuation support (no dividend, mid-range P/E) and earnings-call risks centered on extreme customer concentration and a sharply lower next-quarter revenue guide.
To see Spark’s full report on CRUS stock, click here.
More about Cirrus Logic
Cirrus Logic, Inc. is a U.S.-based semiconductor company specializing in low-power, high-precision mixed-signal processing solutions used in smartphones, PCs and other mobile and consumer applications. Headquartered in Austin, Texas, the company focuses on audio and high-performance mixed-signal components for leading global device makers and is recognized for its corporate culture.
Average Trading Volume: 639,908
Technical Sentiment Signal: Buy
Current Market Cap: $8.37B
See more data about CRUS stock on TipRanks’ Stock Analysis page.