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Cirrus Logic CRUS Reportable Segment — Product development

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Other financials

Income statement

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Revenue$459.7M+12.9%
Gross profit$241.9M+13.0%
Operating income$84.4M+16.6%
Net income$76.9M+26.6%
EPS (diluted)$1.47+28.9%

Balance sheet

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Cash & equivalents$810.7M+47.7%
Total debt$130.5M-7.7%
Total equity$2.2B+13.4%
Total assets$2.6B+11.6%

Cash flow

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Operating cash flow$64.1M-44.8%
CapEx$15.1M+474%
Free cash flow$49.0M-56.8%

Valuation

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Market cap$6.53B+30.8%
Enterprise value$5.85B+27.6%
P/E15.2×+0.9×
P/S3.2×+0.6×

Profitability

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Gross margin52.8%-0.1pp
Operating margin23%+0.5pp
Net margin21%+2.9pp
FCF margin27.9%+4.2pp

Returns & leverage

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Return on equity20.9%+2.4pp
Debt / equity0.1×0.0×
Current ratio7.6×+1.0×

Where this comes from

Reported directly by Cirrus Logic in its filing.

Tagged under the XBRL concept crus:ProductDevelopmentExpense.

The source filing: Cirrus Logic’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0000772406-26-000037
Line itemThree Months Ended / June 27, 2026Three Months Ended / June 28, 2025
Personnel-related (1)$99,040$88,318
Product development (2)15,88813,731
Other segment items (3)42,49139,587
Total Operating Expense$157,419$141,636

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cirrus Logic's reportable segment — product development?
Cirrus Logic (CRUS) reported reportable segment — product development of $15.89M in Q2 2026.
How has Cirrus Logic's reportable segment — product development changed year-over-year?
Cirrus Logic's reportable segment — product development increased by 15.7% year-over-year, from $13.73M to $15.89M.
What is the long-term trend for Cirrus Logic's reportable segment — product development?
Over 3 years (2023 to 2026), Cirrus Logic's reportable segment — product development has grown at a -5.8% compound annual growth rate (CAGR), from $71.25M to $59.55M.
What does reportable segment — product development mean?
This metric tracks the direct expenditures dedicated to research, design, and engineering activities for products within the reportable segment. It reflects the company's commitment to innovation, new product introduction, and sustaining engineering for existing product lines. High levels of investment here are critical for maintaining competitive advantage in the semiconductor industry.

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