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    Cirrus Logic (CRUS) Reported Record Revenue, Is It Still 30% Below Fair Value?

    Simply Wall St·08/01/2026 07:30:17
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    Cirrus Logic annual meeting and record revenue set the stage

    Cirrus Logic (CRUS) drew fresh investor attention after shareholders approved all proposals at the 2026 annual meeting and the company reported record fiscal 2026 revenue of about US$2b.

    See our latest analysis for Cirrus Logic.

    Despite record revenue and the annual meeting approvals, Cirrus Logic’s share price has eased in recent months, with the 30 day share price return down 11.66% and the 90 day share price return down 21.24%, while the 1 year total shareholder return of 26.71% and 3 year total shareholder return of 56.69% still point to stronger longer term momentum.

    If you are watching how chip and audio suppliers are being priced after earnings updates, this can be a good moment to widen your watchlist with 57 AI infrastructure stocks

    Cirrus Logic now sits in an interesting spot. The business just reported record revenue, while the share price has pulled back sharply in the last quarter. Does that imbalance still lean in favour of new buyers on valuation grounds?

    Most Popular Narrative: 29.8% Undervalued

    The most followed narrative on Cirrus Logic compares a fair value of $184.25 to the last close at $129.35, which points to a wide valuation gap that depends heavily on how its product roadmap and customer mix evolve from here.

    Cirrus Logic is expanding beyond its core smartphone audio business by increasing the value and breadth of its high-performance mixed signal solutions, particularly in areas like camera controllers, battery/power management, and sensing. This strategic diversification positions the company to capture new revenue streams and reduce customer concentration risk, which can support revenue growth and earnings stability over time.

    Read the complete narrative.

    Want to see what sits behind that fair value for Cirrus Logic? The narrative leans on measured revenue growth, slightly lower margins, and a richer earnings multiple. Curious which assumptions really carry the price target?

    Result: Fair Value of $184.25 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, Cirrus Logic’s reliance on a small group of major smartphone customers, along with the early stage of its diversification into PCs and automotive, could still unsettle that narrative.

    Find out about the key risks to this Cirrus Logic narrative.

    Next Steps

    Given the mix of optimism and concern around Cirrus Logic, it makes sense to check the numbers and sentiment yourself. Then decide how you feel about the balance of risk and reward in this story by reviewing the 4 key rewards and 1 important warning sign.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.