Cirrus Logic (CRUS)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-09
$110.72-0.04%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-09
Intact: The reason to own it still holds.
Cirrus Logic grows revenue from $407M to $448M in 2026. Profit margin stays near 52% next quarter. The company manages costs to raise operating income slightly. New audio products could boost sales beyond smartphones.
Revenue growth may slow or reverse, hurting profits. Cost control is weak, limiting income gains. Credit obligations could strain finances. Market worries cause share price to fall further.
The price is about 51% below our fair value near $306. Analysts expect 6% revenue growth, which we roughly agree with. Our fair value is well above the Street median near $197.
Breaks if: Credit facility reduced or financial flexibility impaired
Breaks if: Gross margin falls below 51% next quarter
Breaks if: Operating income fails to rise above $85M by 2026-Q4
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable growth opportunity with a focus on revenue diversification and disciplined expense management. The current thesis state is cautious, as recent performance has shown some weakness despite a generally positive outlook.
The market appears to have priced in a low level of execution quality, indicating some fragility in expectations. CRUS is currently valued as cheap compared to its peers, but there is an expectations gap that suggests the market is cautious about future performance.
Management is on track with its priorities, showing revenue growth and maintaining expense discipline. However, there is a slight risk of missing future earnings estimates, as the company has a history of misses that could impact investor sentiment.
The long-term thesis hinges on several factors, including management's ability to maintain guidance, potential Federal Reserve rate cuts, and the performance of key sector players like NVDA, TSM, and AVGO. Any negative guidance could significantly impact the stock.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat supports the company's growth outlook. However, mixed-signal growth faces challenges from PC and supply chain headwinds.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $430M next quarter
Focus on increasing revenue through strategic initiatives and market expansion.
Overall, CRUS is in a watch state with a focus on growth and expense management, but recent performance raises some concerns. Not investment advice.