Cirrus Logic CRUS Unrecognized Tax Benefits
Unrecognized Tax Benefits at other companies
Other financials
Where this comes from
Reported directly by Cirrus Logic in its filing.
Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.
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
The Company records unrecognized tax benefits for the estimated risk associated with tax positions taken on tax returns. At June 27, 2026, the Company had unrecognized tax benefits of $32.1 million, all of which would impact the effective tax rate if recognized. The Company’s total unrecognized tax benefits are classified as “Non-current income taxes” in the Consolidated Condensed Balance Sheets. The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes. As of June 27, 2026, the balance of accrued interest and penalties, net of tax, was $15.2 million.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Cirrus Logic's unrecognized tax benefits?
- Cirrus Logic (CRUS) reported unrecognized tax benefits of $32.1M in Q2 2026.
- How has Cirrus Logic's unrecognized tax benefits changed year-over-year?
- Cirrus Logic's unrecognized tax benefits decreased by 0.0% year-over-year, from $32.1M to $32.1M.
- What does unrecognized tax benefits mean?
- This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.
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