"Our approach to running the business is to manage and invest for the long term, and we anticipate that the investments that we are making in these areas will contribute to further revenue opportunities in the future."
— John Forsyth, CEO
03Detailed Report
CRUS
Cirrus Logic Inc
Period
Q4 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 13, 2026
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Executive Summary
Cirrus Logic Inc (CRUS) reported strong financial results for the fourth quarter of fiscal year 2025, with revenue reaching $424.5 million, surpassing guidance by leveraging higher smartphone volumes and the success of new generation products. The company generated record GAAP and non-GAAP earnings per share (EPS) of $1.67 and $7.54 respectively for FY2025, up 62.65% year-over-year. Despite a seasonal sequential revenue decline of 24% due to reduced smartphone demand, year-over-year revenue grew by 14%, underscoring strong market resilience. Management highlighted ongoing investments in supply chain diversification and product innovation, particularly in audio and high-performance mixed-signal applications, to position the company for sustained revenue growth in a dynamic macroeconomic environment.
Key Performance Indicators
Revenue
Increasing
424.46M
QoQ: -23.62% | YoY: 14.15%
Gross Profit
Increasing
226.74M
53.42% margin
QoQ: -23.86% | YoY: 17.71%
Operating Income
Increasing
85.95M
QoQ: -41.04% | YoY: 64.09%
Net Income
Increasing
71.27M
QoQ: -38.57% | YoY: 58.93%
EPS
Increasing
1.35
QoQ: -38.36% | YoY: 62.65%
Revenue Trend
Margin Analysis
Financial Highlights
Q4 FY2025 Financial Metrics:
- Revenue: $424.5 million
- Gross Profit: $226.7 million (Gross Margin: 53.5%)
- Operating Income: $85.9 million (Operating Margin: 20.2%)
- Net Income: $71.3 million (Net Margin: 16.7%)
- EPS: $1.67 (up 62.65% YoY)
Trends:
- YoY revenue growth of 14% and operating income growth of 64.09% reflects improvement in product mix and volume.
- Sequential decrease in revenue (-24%) linked to lower smartphone unit sales and inventory corrections in the supply chain.
- Gross margin improvement from a favorable product mix, despite higher supply chain costs and unfavorable inventory expenses impacting the Q4 outcome.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
424.46M
14.15%
-23.62%
Gross Profit
226.74M
17.71%
-23.86%
Operating Income
85.95M
64.09%
-41.04%
Net Income
71.27M
58.93%
-38.57%
EPS
1.35
62.65%
-38.36%
Key Financial Ratios
Gross Profit Margin
Good
53.40%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Good
20.20%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
16.80%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
3.06%
Return on assets is acceptable but below top-tier companies
Return on Equity
Weak
3.66%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
6.35
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.07
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Fair Value
18.42x
P/E ratio in line with market averages
Price to Book
Fair Value
2.69x
Price-to-book ratio reasonable for profitable companies
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