CRUS
Record revenue, record bragging rights
Cirrus Logic came in swinging with fourth-quarter revenue of $448.5 million and a record $2.0 billion for the full fiscal year ended March 28, 2026. Not bad for a company that makes the kind of components most people never think about until their phone suddenly gets a lot smarter.
What’s driving the party?
The company said FY26 earnings per share and revenue both hit records, powered mainly by demand for its smartphone components. In other words, when your phone keeps getting fancier, someone has to make the tiny parts doing the heavy lifting. Cirrus also got a boost from higher PC sales, which is a nice reminder that not everything in tech is being held together by hopes and a cloud subscription.
Why investors should care
For shareholders, the big question is whether this was a one-season hit or the start of a longer groove. Cirrus is tied closely to premium device cycles, so strong smartphone demand is great — until it isn’t.
- More smartphone shipments can mean more content per device for Cirrus
- PC demand adding support is a bonus, not the main storyline
- The company also said its current business outlook is on the website, which means the next leg of the stock story will depend on how upbeat that guidance sounds
Big picture: Cirrus Logic just put up a record year, and now the market gets to ask the annoying but important question — can it do it again, or was FY26 the peak of the playlist?