Cirrus Logic, Inc. (CRUS) Income Statement
CRUS FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsCRUS revenue and net income
Where CRUS's revenue goes
FY2026Each bar shows an amount and its share of revenue. CRUS kept 20.7% of revenue as net income.
CRUS profit margins
CRUS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +1.7% | +7.8% | +5.5% |
| Gross profit | +5.8% | +3.3% | +8.3% | +6.6% |
| Operating income | +12.2% | +22.7% | +14.2% | +9.8% |
| Net income | +25.0% | +32.9% | +13.8% | +12.9% |
| EPS (diluted) | +22.6% | +12.9% | +15.1% | +14.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRUS quarterly EPS vs estimates
Cirrus Logic beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $2.11).
CRUS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B | $1.28B | $1.19B | $1.53B | $1.54B |
| Cost of revenue | $943.2M | $900.0M | $872.8M | $940.6M | $857.8M | $661.9M | $607.0M | $588.0M | $771.5M | $781.1M |
| Gross profit | $1.05B | $996.0M | $916.1M | $957.0M | $923.6M | $707.3M | $674.2M | $597.5M | $760.7M | $757.8M |
| Research & development | $434.0M | $434.7M | $426.5M | $458.4M | $406.3M | $342.8M | $347.6M | $375.1M | $366.4M | $303.7M |
| Sales, general & admin | $159.8M | $151.0M | $144.2M | $153.1M | $151.0M | $127.0M | $131.1M | $126.5M | $131.8M | $127.3M |
| Total operating expenses | $593.8M | $585.7M | $572.6M | $707.9M | $557.3M | $470.1M | $500.7M | $496.7M | $498.3M | $440.8M |
| Operating income | $460.4M | $410.4M | $343.5M | $249.0M | $366.3M | $237.2M | $173.5M | $100.8M | $262.5M | $317.1M |
| Interest income | $37.7M | $34.0M | $21.5M | $9.1M | $615,000 | $5.2M | $10.5M | $8.0M | $4.8M | $1.7M |
| Interest expense | $679,000 | $898,000 | $915,000 | $898,000 | $948,000 | $1.1M | $1.1M | $1.1M | $1.2M | $3.6M |
| Income before taxes | $496.7M | $444.9M | $363.9M | $254.7M | $368.7M | $245.2M | $181.3M | $93.7M | $265.1M | $315.0M |
| Income taxes | $82.3M | $113.4M | $89.4M | $78.0M | $42.3M | $27.9M | $21.8M | $3.8M | $103.1M | $53.8M |
| Net income | $414.4M | $331.5M | $274.6M | $176.7M | $326.4M | $217.3M | $159.5M | $90.0M | $162.0M | $261.2M |
| EBITDA | $549.9M | $496.8M | $413.1M | $326.8M | $431.7M | $285.7M | $250.6M | $175.7M | $347.7M | $382.1M |
| EPS (diluted) | $9.26 | $7.55 | $6.60 | $6.43 | $6.91 | $4.58 | $3.99 | $2.64 | $4.27 | $4.51 |
| Gross margin | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% | 52.6% | 50.4% | 49.6% | 49.2% |
| Operating margin | 23.0% | 21.6% | 19.2% | 13.1% | 20.6% | 17.3% | 13.5% | 8.5% | 17.1% | 20.6% |
| Net margin | 20.7% | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% | 12.4% | 7.6% | 10.6% | 17.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $459.7M | $448.5M | $580.6M | $561.0M | $407.3M | $424.5M | $555.7M | $541.9M | $374.0M | $371.8M | $619.0M | $481.1M |
| Cost of revenue | $217.9M | $210.9M | $272.5M | $266.6M | $193.2M | $197.7M | $258.0M | $259.3M | $185.1M | $179.2M | $301.5M | $234.5M |
| Gross profit | $241.9M | $237.6M | $308.1M | $294.4M | $214.0M | $226.7M | $297.8M | $282.6M | $188.9M | $192.6M | $317.5M | $246.6M |
| Research & development | $115.0M | $107.5M | $113.6M | $110.0M | $102.9M | $103.4M | $113.0M | $112.9M | $105.4M | $103.4M | $112.7M | $104.2M |
| Sales, general & admin | $42.4M | $39.9M | $41.6M | $39.6M | $38.7M | $37.4M | $39.0M | $37.8M | $36.8M | $36.9M | $37.6M | $34.3M |
| Total operating expenses | $157.4M | $147.3M | $155.2M | $149.6M | $141.6M | $140.8M | $152.0M | $150.7M | $142.1M | $140.2M | $150.3M | $140.8M |
| Operating income | $84.4M | $90.3M | $152.9M | $144.8M | $72.4M | $85.9M | $145.8M | $131.9M | $46.8M | $52.4M | $167.5M | $105.7M |
| Interest income | $10.4M | $10.5M | $9.5M | $8.9M | $8.8M | $8.8M | $8.4M | $8.4M | $8.4M | $7.6M | $5.1M | $3.7M |
| Interest expense | $324,000 | $218,000 | $218,000 | $243,000 | $218,000 | $218,000 | $218,000 | $244,000 | $218,000 | $219,000 | $235,000 | $243,000 |
| Income before taxes | $94.2M | $100.3M | $162.4M | $153.4M | $80.6M | $94.6M | $153.7M | $140.0M | $56.6M | $59.7M | $172.1M | $109.4M |
| Income taxes | $17.3M | $18.5M | $22.1M | $21.8M | $19.9M | $23.3M | $37.7M | $37.9M | $14.5M | $14.8M | $33.4M | $34.0M |
| Net income | $76.9M | $81.8M | $140.3M | $131.6M | $60.7M | $71.3M | $116.0M | $102.1M | $42.1M | $44.8M | $138.7M | $75.4M |
| EBITDA | $98.0M | $113.8M | $175.7M | $166.3M | $94.0M | $108.0M | $166.7M | $152.9M | $69.2M | $71.9M | $179.9M | $119.7M |
| EPS (diluted) | $1.50 | $1.95 | $2.97 | $2.83 | $1.51 | $1.67 | $2.51 | $2.25 | $1.12 | $1.24 | $2.89 | $1.80 |
| Gross margin | 52.6% | 53.0% | 53.1% | 52.5% | 52.6% | 53.4% | 53.6% | 52.2% | 50.5% | 51.8% | 51.3% | 51.3% |
| Operating margin | 18.4% | 20.1% | 26.3% | 25.8% | 17.8% | 20.2% | 26.2% | 24.3% | 12.5% | 14.1% | 27.1% | 22.0% |
| Net margin | 16.7% | 18.2% | 24.2% | 23.5% | 14.9% | 16.8% | 20.9% | 18.8% | 11.3% | 12.1% | 22.4% | 15.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRUS's financial statements (latest annual report filed May 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRUS financial results
In fiscal year 2026 (ended March 31, 2026), Cirrus Logic reported revenue of $2.0 billion, up 5.3% from the year before. It had net income of $414.4 million (up 25.0%), a net profit margin of 20.7%. Diluted earnings per share came to $9.26. Over five years revenue grew at an average rate of 7.8% a year.
See the CRUS stock overview for the latest quote and news, or the CRUS chart for price history and technical indicators.
CRUS income statement FAQ
What is Cirrus Logic's annual revenue?
Cirrus Logic reported total revenue of $2.0 billion for fiscal year 2026, which ended on March 31, 2026. That was up 5.3% from $1.9 billion the previous year.
Is Cirrus Logic profitable?
Yes. Cirrus Logic reported net income of $414.4 million in fiscal 2026, a net profit margin of 20.7%; its operating margin was 23.0%.
What is Cirrus Logic's gross margin?
Cirrus Logic's gross margin was 52.8% in fiscal 2026: for every $100 of revenue, Cirrus Logic kept $53 after the direct cost of its products and services.
How much does Cirrus Logic spend on research and development?
Cirrus Logic spent $434.0 million on research and development in fiscal 2026, 21.7% of revenue.
How fast is Cirrus Logic growing?
Revenue grew 7.8% a year on average over the last five fiscal years, from $1.4 billion to $2.0 billion.
What are Cirrus Logic's earnings per share?
Cirrus Logic earned $9.26 per diluted share in fiscal 2026, compared with $7.55 a year earlier.
When will Cirrus Logic report its next earnings?
Cirrus Logic is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Cirrus Logic's fiscal year end?
Cirrus Logic's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 21, 2026.