What does portable products — net sales mean?

This metric represents the total revenue generated from the sale of integrated circuits and audio components specifically designed for mobile devices, such as smartphones, tablets, and wearables. It serves as a primary indicator of the company's penetration into the consumer electronics market and its reliance on high-volume mobile hardware cycles. Tracking this segment provides insight into the company's exposure to major mobile original equipment manufacturer (OEM) product launch cadences.

Cirrus Logic CRUS Portable Products — Net Sales

Discontinued — last reported Q4 '21

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Other financials

Income statement

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Revenue$448.5M+5.7%

Gross profit$237.6M+4.8%

Operating income$90.3M+5.1%

Net income$81.8M+14.8%

EPS (diluted)$1.58+20.6%

Balance sheet

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Cash & equivalents$800.9M+48.4%

Total debt$134.0M-6.8%

Total equity$2.1B+9.2%

Total assets$2.5B+7.0%

Cash flow

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Operating cash flow$151.4M+16.1%

CapEx$2.4M-30.1%

Free cash flow$149.0M+17.4%

Valuation

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Market cap$8.34B+39.3%

Enterprise value$7.67B+36.9%

P/E20.1×+2.1×

P/S4.2×+1.0×

Profitability

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Gross margin52.8%+0.2pp

Operating margin23%+1.4pp

Net margin20.7%+3.3pp

FCF margin31.9%+9.6pp

Returns & leverage

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Return on equity20.3%+2.7pp

Debt / equity0.1×0.0×

Current ratio7.4×+1.0×

Where this comes from

Reported directly by Cirrus Logic in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Cirrus Logic’s 10-K, filed May 21, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does portable products — net sales mean?: This metric represents the total revenue generated from the sale of integrated circuits and audio components specifically designed for mobile devices, such as smartphones, tablets, and wearables. It serves as a primary indicator of the company's penetration into the consumer electronics market and its reliance on high-volume mobile hardware cycles. Tracking this segment provides insight into the company's exposure to major mobile original equipment manufacturer (OEM) product launch cadences.