Cirrus Logic, Inc.
In the published model solve dated 2026-Q2, anchored at $108.02, Cirrus Logic, Inc. (CRUS) is priced for -0.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• One end customer, named in the filing as ⟦"Apple Inc., who purchased through multiple contract manufacturers"⟧, accounted for roughly 91 percent of fiscal 2026 net sales, up from 89 and 87 percent in the two prior years. • That concentration comes attached to unusual economics: a 24.5% trailing operating margin against single-digit and low-double-digit margins at most of the analog peer group. • First-quarter fiscal 2027 results are due August 5, 2026, and the line to watch is the HPMS product
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515 institutional managers reported holding CRUS in 13F filings for the quarter ended 2026-03-31. 89 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 2.9M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CRUS has cut its share count 11.4% over the past five years, spending $1.07B on repurchases. It pays no dividend. Cash returned over the past three years: $688.48M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CRUS over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CRUS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +2.9% | -12.3% |
| 2023-11-03 | +3.9% | +10.2% |
| 2024-02-07 | +14.2% | +0.3% |
| 2024-05-25 | +0.3% | +12.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CRUS's latest 8-K filings: 2026-08-05 (items 2.02, 7.01, 9.01); 2026-08-03 (items 5.07); 2026-05-06 (items 1.01, 2.02, 2.03, 7.01, 9.01); 2026-03-31 (items 5.02); 2026-02-03 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.