Cirrus Logic annual meeting and record revenue set the stage

Cirrus Logic (CRUS) drew fresh investor attention after shareholders approved all proposals at the 2026 annual meeting and the company reported record fiscal 2026 revenue of about US$2b.

Despite record revenue and the annual meeting approvals, Cirrus Logic’s share price has eased in recent months, with the 30 day share price return down 11.66% and the 90 day share price return down 21.24%, while the 1 year total shareholder return of 26.71% and 3 year total shareholder return of 56.69% still point to stronger longer term momentum.

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Cirrus Logic now sits in an interesting spot. The business just reported record revenue, while the share price has pulled back sharply in the last quarter. Does that imbalance still lean in favour of new buyers on valuation grounds?

Most Popular Narrative: 29.8% Undervalued

The most followed narrative on Cirrus Logic compares a fair value of $184.25 to the last close at $129.35, which points to a wide valuation gap that depends heavily on how its product roadmap and customer mix evolve from here.

Cirrus Logic is expanding beyond its core smartphone audio business by increasing the value and breadth of its high-performance mixed signal solutions, particularly in areas like camera controllers, battery/power management, and sensing. This strategic diversification positions the company to capture new revenue streams and reduce customer concentration risk, which can support revenue growth and earnings stability over time.

Want to see what sits behind that fair value for Cirrus Logic? The narrative leans on measured revenue growth, slightly lower margins, and a richer earnings multiple. Curious which assumptions really carry the price target?

Result: Fair Value of $184.25 (UNDERVALUED)

However, Cirrus Logic’s reliance on a small group of major smartphone customers, along with the early stage of its diversification into PCs and automotive, could still unsettle that narrative.

Next Steps

Given the mix of optimism and concern around Cirrus Logic, it makes sense to check the numbers and sentiment yourself. Then decide how you feel about the balance of risk and reward in this story by reviewing the 4 key rewards and 1 important warning sign.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.