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The latest update is out from Cirrus Logic ( (CRUS) ).
On February 3, 2026, Cirrus Logic reported financial results for its third quarter of fiscal 2026, which ended on December 27, 2025, posting revenue of $580.6 million, above the high end of its guidance, driven by stronger-than-expected demand for components used in smartphones and a favorable device mix. The company delivered a GAAP and non-GAAP gross margin of 53.1%, GAAP operating expenses of $155.2 million, non-GAAP operating expenses of $133.0 million, and earnings per share of $2.66 on a GAAP basis and $2.97 on a non-GAAP basis, while also emphasizing the use of non-GAAP metrics alongside GAAP results for internal management and investor analysis. Management highlighted strategic progress in diversifying its portfolio, including sampling a new voice-interface component for AI-enabled PCs, ramping its latest-generation amplifier and codec in mainstream PC platforms, and introducing new product families for prosumer and automotive markets, moves that are intended to expand its addressable market and strengthen its positioning across a broader range of applications. For the fourth quarter of fiscal 2026, Cirrus Logic projected revenue between $410 million and $470 million, gross margin between 51% and 53%, and non-GAAP operating expenses of $124 million to $130 million, signaling expectations of a sequential revenue decline after the seasonally strong December quarter but continued disciplined cost management and margin resilience.
The most recent analyst rating on (CRUS) stock is a Hold with a $130.00 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.
Cirrus Logic’s strong financial performance and positive earnings call are the primary drivers of its stock score. Technical indicators suggest a neutral outlook, while valuation metrics indicate moderate pricing. The company’s strategic expansion into new markets and robust demand in existing ones support a favorable growth trajectory.
To see Spark’s full report on CRUS stock, click here.
More about Cirrus Logic
Cirrus Logic, based in Austin, Texas, is a leader in low-power, high-precision mixed-signal processing solutions that power user experiences in top-tier mobile and consumer applications worldwide. The company focuses on audio and high-performance mixed-signal products, supplying components for smartphones, PCs, prosumer devices and automotive applications, and is recognized globally for its strong corporate culture.
Average Trading Volume: 528,667
Technical Sentiment Signal: Buy
Current Market Cap: $6.65B
Learn more about CRUS stock on TipRanks’ Stock Analysis page.