- Assessing Cirrus Logic (CRUS) Valuation After Recent Share Price Pullback And Strong Longer Term Gains
May 17, 2026
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Cirrus Logic stock: recent performance snapshot
Cirrus Logic (CRUS) has drawn fresh attention after recent share price moves, with the stock down 2% over the past day and 7% over the past week, yet showing a gain over the past 3 months.
See our latest analysis for Cirrus Logic.
Despite the recent pullback, with the 30 day share price return down 4.82%, Cirrus Logic’s 90 day share price return of 10.43% and 1 year total shareholder return of 50.34% point to momentum that, so far, has been building rather than fading.
If you are weighing Cirrus Logic’s recent swing, it can also help to see what else is moving, especially across companies tied to AI infrastructure, using the 42 AI infrastructure stocks.
With Cirrus Logic stock recently pulling back in the short term, yet up 33.46% year to date and 104.47% over three years, investors may be considering whether this represents a potential buying opportunity on a dip or whether the current price already reflects expectations for future growth.
Most Popular Narrative: 5% Overvalued
Cirrus Logic's latest fair value narrative sits at $152.50 per share, a little below the last close of $159.71, which frames the current debate around upside 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 diversification positions the company to capture new revenue streams and reduce customer concentration risk, which can drive higher revenue growth and bolster earnings stability over time.
Read the complete narrative.
Curious how a modest growth outlook, a richer profit margin profile, and a higher future earnings multiple all add up to that fair value? The narrative leans on measured revenue expansion, slightly tighter profitability assumptions, and a premium P/E several years out, all filtered through a specific discount rate and share count path.
Result: Fair Value of $152.50 (OVERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, there are still meaningful risks, including Cirrus Logic’s heavy dependence on a few smartphone customers and the possibility that newer PC and auto efforts will remain small contributors.
Find out about the key risks to this Cirrus Logic narrative.
Another take on Cirrus Logic's valuation
The fair value narrative flags Cirrus Logic as about 5% overvalued at $159.71 versus a $152.50 estimate. Yet the current P/E of 19.7x sits well below both peers at 31.2x and the wider US Semiconductor average of 61.4x, and only just under a 20.8x fair ratio. For investors, that gap raises a simple question: is the stock priced for too little or too much future delivery?
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See what the numbers say about this price — find out in our valuation breakdown.NasdaqGS:CRUS P/E Ratio as at May 2026
Next Steps
With mixed signals across returns and valuation, the real question is how you see the balance of upside and downside. If you want to move quickly from headline numbers to a clearer personal view, start by weighing both sides of the story with the 3 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.
Companies discussed in this article include CRUS.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Cirrus Logic’s Apple Manufacturing Role Links Face ID Growth And Valuation
May 17, 2026
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Cirrus Logic (NasdaqGS:CRUS) has been included in Apple's American Manufacturing Program, highlighting its role in domestic semiconductor production. The company supplies key components that support Apple's Face ID technology used in core consumer devices. Cirrus Logic reported fiscal 2026 earnings alongside new opportunities tied to its collaboration with Apple.
For investors following the semiconductor supply chain, Cirrus Logic sits at the intersection of audio, mixed signal, and interface technology for consumer electronics. Its close alignment with Apple places the company inside one of the largest device ecosystems, at a time when hardware makers are paying more attention to secure authentication and on-device processing. The inclusion in Apple's American Manufacturing Program adds a domestic manufacturing angle that many investors track closely today.
Looking ahead, readers may want to watch how Cirrus Logic uses its fiscal 2026 earnings profile to support product development and manufacturing commitments linked to Apple. Any expansion of Face ID style technology into new device categories or regions could influence how central Cirrus Logic becomes across Apple's hardware lineup. Over the long term, these developments may shape how investors view NasdaqGS:CRUS within the broader US chip supply chain.
Stay updated on the most important news stories for Cirrus Logic by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Cirrus Logic.NasdaqGS:CRUS Earnings & Revenue Growth as at May 2026
3 things going right for Cirrus Logic that this headline doesn't cover.
Cirrus Logic's inclusion in Apple's American Manufacturing Program comes alongside solid reported figures and extra financial flexibility, which together give you a clearer picture of how the business model may evolve. Fiscal 2026 revenue of US$1,997.38m and net income of US$414.41m, alongside first quarter fiscal 2027 revenue guidance of US$430m to US$490m, show that Apple-related content is still a core earnings driver. The new credit agreement with a US$350m revolving facility that runs to 2031 adds liquidity and can support capital needs as Cirrus Logic ramps production for Face ID and other mixed-signal solutions across Apple devices.
How This Fits Into The Cirrus Logic Narrative
Expanded credit capacity and the American Manufacturing Program can support the R&D and product diversification that the narrative links to laptops, automotive and broader mixed-signal content. Heavier alignment with Apple authentication hardware could keep customer concentration high, which the narrative already flags as a key risk if diversification into PCs, automotive and IoT remains small. The long-dated revolving facility and manufacturing commitments tied to Apple may not be fully captured in the narrative's discussion of supply contracts and inventory risk.
Story Continues
Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for Cirrus Logic to help decide what it's worth to you.
The Risks and Rewards Investors Should Consider
⚠️ Earnings are forecast by analysts to decline by an average of 2.1% per year over the next 3 years, which may limit upside if Apple or other large customers change ordering patterns. ⚠️ The new US$350m secured revolving facility is backed by substantially all assets and carries leverage and interest coverage covenants, so aggressive use of the line could reduce financial flexibility if earnings soften. 🎁 Earnings grew 25.1% over the past year and the company reported higher net income for both the quarter and full year, reinforcing its role in Apple devices at a time when secure authentication is a key feature. 🎁 The stock is described as trading at good value versus peers, with a P/E of 19.7x compared to a Semiconductor industry average of 61.4x, which some investors may see as providing a margin of safety.
What To Watch Going Forward
From here, focus on how Cirrus Logic converts the Apple manufacturing partnership and Face ID content into broader wins in laptops, automotive and IoT, where it competes with players such as Qualcomm, Texas Instruments and Analog Devices. Watch use of the US$350m credit facility, particularly any increase in leverage as the company funds manufacturing or R&D commitments. Guidance for fiscal 2027 and later will help you judge whether Apple-related volumes and mix, along with diversification efforts, offset the analyst view that earnings may decline over the next few years.
To stay up to date on how the latest news impacts the investment narrative for Cirrus Logic, visit the community page for Cirrus Logic to follow the top community narratives.
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.
Companies discussed in this article include CRUS.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Cirrus Logic: Too Pricy Or Not
May 14, 2026 · seekingalpha.com
Cirrus Logic (CRUS) delivered record FY26 revenue of $2.0B and robust EPS growth, supported by strong smartphone and PC demand. Apple's inclusion of CRUS for its future vendor lists and green-lighting of battery-enhancing products signals major new product opportunities. Development of smart power ICs for 3D sensing and advanced battery applications positions CRUS for long-term growth beyond core audio.
- Soaring iPhone Sales Have Supercharged This Under-the-Radar Stock That's Outperforming Apple. Buy It Before It Soars Another 59%
May 13, 2026
Apple's (NASDAQ: AAPL) iPhone sales increased at a solid clip in the first quarter of 2026, driven by a huge installed base of users that are in an upgrade window and the strong demand for the tech giant's smartphones in China.
Market research firm Counterpoint Research notes that Apple's iPhone shipments increased by 5% year over year in the first quarter of 2026. This increase in sales came at a time when the overall smartphone market declined by 6% in Q1 due to a memory shortage and rising component costs. The Magnificent Seven company's resilient growth in Q1 made it the world's top smartphone vendor with a 21% market share.
Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need.
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Cirrus Logic(NASDAQ: CRUS) has turned out to be a big beneficiary of Apple's improving sales. The semiconductor stock is already up 40% in 2026 as of this writing, and its close ties with Apple suggest it could deliver more upside in the future.
Let's look at the reasons why this Apple supplier's impressive stock market rally is sustainable.Image source: Getty Images.
Cirrus Logic is delivering healthy growth due to solid iPhone sales
Cirrus Logic designs audio chips, camera controllers, haptics and sensing solutions, and power management chips for smartphones, computers, tablets, and wearable devices. Apple is its largest customer, accounting for 92% of its revenue in the fourth quarter of fiscal 2026 (which ended on March 28).
The healthy growth in iPhone sales rubbed off positively on Cirrus. The chip designer's revenue increased by 6% year over year to $449 million. What's more, its earnings increased by a much more impressive rate of 17% from the year-ago period to $1.95 per share. The full-year earnings growth was also quite solid at 23% to $9.26 per share.
Cirrus noted that its margin profile is improving due to a better product mix, which isn't surprising given that the company has been winning more business from Apple. Cirrus was originally a supplier of audio codecs for Apple's devices, but it has diversified into providing haptics solutions and camera controllers over the past couple of years.
The good news for Cirrus investors is that it is poised to win more content in Apple's devices. Apple announced in March this year that Cirrus Logic is a part of its American Manufacturing Program (AMP), developing "mixed-signal solutions for a number of Apple applications, including advanced ICs to power Face ID systems." The Face ID chip is a new opportunity for Cirrus, as management noted on the latest earnings call.
Story Continues
Cirrus, therefore, seems well-positioned to capitalize on the strong iPhone upgrade cycle. The integration of artificial intelligence (AI) features in iPhones is encouraging users to upgrade quickly to new devices, as noted by Consumer Intelligence Research Partners last year. Moreover, Dan Ives of Wedbush Securities pointed out after the iPhone 17 launch in September 2025 that there are 315 million iPhones that haven't been upgraded in four years.
All this explains why Apple has been able to overcome the broader weakness in the smartphone market. Moreover, Cirrus Logic's guidance for the current quarter indicates its growth is poised to accelerate.
The company expects $460 million in revenue in the current quarter at the midpoint of its guidance range. That would be an improvement of 13% from the year-ago period. Looking ahead, Cirrus Logic's revenue growth could accelerate nicely due to robust iPhone demand and the new chips it will deploy for Apple.
This could pave the way for healthy growth at Cirrus, potentially unlocking more upside.
Analysts may be underestimating its growth potential
Cirrus Logic finished fiscal 2026 with $2 billion in revenue, an increase of 5% over the prior year. Analysts are projecting single-digit revenue growth from the company over the next couple of years.Data by YCharts
However, we have already seen that the company is expecting robust double-digit growth in the current quarter. With the new business that's coming its way, don't be surprised to see Cirrus' growth significantly outpacing analysts' estimates in the future. Assuming it can clock even 10% revenue growth in the current and next fiscal years, its top line could reach $2.42 billion.
Cirrus is trading at just 4.5 times sales right now, a discount to the tech-focused Nasdaq Composite index's price-to-sales ratio of 5.5. Assuming it trades in line with the index's average after a couple of years and achieves $2.42 billion in revenue, its market cap could increase to $13.5 billion. That represents potential upside of 59% from current levels, suggesting it isn't too late for investors to buy this growth stock, even after the healthy jump it has seen this year.
Should you buy stock in Cirrus Logic right now?
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Soaring iPhone Sales Have Supercharged This Under-the-Radar Stock That's Outperforming Apple. Buy It Before It Soars Another 59% was originally published by The Motley Fool
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- This Little-Known Tech Stock Is Up 60% in 2026. It Powers Apple’s Face ID Tech.
May 13, 2026
Not many investors likely know about Cirrus Logic (CRUS) — the fabless semiconductor supplier has a market cap of less than $10 billion — minuscule in an industry dominated by Nvidia (NVDA), Apple (AAPL), and some of the other biggest tech stocks in the world.
However, Cirrus Logic plays an important role, particularly in supporting Apple’s facial ID technology. That kind of exposure has helped Cirrus Logic stock jump more than 60% this year — and why analysts are starting to take notice.
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Let’s look closer at this small tech company that has big ambitions.
About Cirrus Logic Stock
Cirrus Logic, which is based in Austin, Texas, makes analog, mixed-signal, and audio DSP integrated circuits (ICs). Its products have many applications, including with media players, smartphones, tablets, home theaters, automotive entertainment systems, and televisions. The company’s tech is also usable in wearable technology, including smartwatches and VR headsets. It currently has a market cap of around $8.7 billion.
Shares are up 69% over the last year, fueled by a 43% year-to-date gain, helping Cirrus Logic to more than double the gain of the S&P 500 in the last 12 months. But that’s also pushed the forward price-to-earnings ratio to 19x, which is close to its all-time high.www.barchart.com
Cirrus Logic Beats on Earnings
Cirrus reported its fiscal 2026 fourth-quarter and full-year earnings on May 6. Quarterly revenue was $448.5 million, up 6% year-over-year. Net income was $81.8 million, up from $71.2 million in the same period of 2025. Cirrus Logic’s earnings per share came in at $1.56, soundly beating analysts' estimates of $1.42 per share and better than the $1.31 per share the company posted a year ago.
For the full year, revenue was $2 billion, up from $1.9 billion in fiscal 2025. Net income was $414.4 million, up from $331.5 million in 2025, and EPS of $7.85 topped 2025 EPS of $6.
But perhaps the company’s biggest boost happened in March, when Apple announced that it was including Cirrus Logic and other companies in its American Manufacturing Program, which is an effort to add manufacturing and component production in the U.S. Apple announced it would work with Cirrus Logic and GlobalFoundries (GFS) to create new semiconductor process technologies at GlobalFoundries’ facility in Malta, New York.
Story Continues
The effort will make GlobalFoundries’ newest silicon process available in the U.S. for Apple products and, in turn, will enable Cirrus Logic to develop mixed-signal solutions for several Apple applications, including advanced integrated circuits to power Face ID systems.
“Participation in this program was one of several important steps we took over the past year to advance both process and geographic diversification across our supply chain,” Cirrus Logic said in its letter to shareholders.
What Do Analysts Expect for CRUS Stock?
Analysts have been relatively bullish about Cirrus Logic, with seven who cover the stock giving a consensus “Moderate Buy” rating. The mean price target of $164, however, represents slight downside from current levels, and the high target of $200 represents potential upside of only 17%.www.barchart.com
However, KeyBanc analyst John Vinh says that the Apple partnership is worthy of attention. He increased his price target on CRUS stock from $175 to $200. “Notably, CRUS provided additional color on its Face ID power (integrated circuit) design win at AAPL, indicating it represents a new incremental socket and is expected to ramp in a couple of years (iPhone 20),” he wrote in a note to clients. Apple revenue accounts for roughly 90% of Cirrus Logic’s total revenue.
Cirrus appears to be a solid long-term play as it generates more Apple revenue. But it will be important for the company to begin winning contracts with other customers and diversifying its revenue stream before I would be comfortable making an investment in CRUS stock.
On the date of publication, Patrick Sanders had a position in: NVDA. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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- Is ENTG Stock's Valuation Too Rich After a 72% YTD Run?
May 13, 2026
Entegris, Inc. ENTG has enjoyed a powerful move higher, and that momentum is now forcing investors to ask a tougher question: what has to go right from here for the stock to keep working?
The shares have climbed 72.5% year-to-date and 77.7% over the past year. After a run like that, execution matters more, and even modest disappointments can feel larger.
ENTG’s Rally Sets a Higher Bar for Results
ENTG’s price action has outpaced key benchmarks. Year-to-date, the Zacks Electronics – Semiconductors industry is up 43.1% and the Zacks Computer and Technology sector is up 16.5%, while the S&P 500 has gained 9%.
Entegris YTD Price Return PerformanceZacks Investment Research
Image Source: Zacks Investment Research
Over the past 12 months, the industry and sector have risen 99.2% and 48.8%, respectively, versus ENTG’s 79.3% gain. The S&P 500 has advanced 30.4% over the same period.
That backdrop raises the bar for results and guidance follow-through, especially with the next update expected in late July.
Entegris Neutral View Tied to In-Line Expectations
The current long-term view reflects expectations for ENTG to perform in line with the market.
That stance is paired with a $157 price target over the next 6 to 12 months, which frames the upside as more measured after the stock’s sharp advance.
In other words, the setup is less about discovering a recovery and more about proving it quarter after quarter.
ENTG Multiples Versus Industry and Market Benchmarks
Valuation is where the debate gets louder. ENTG trades at 38.25x forward 12-month earnings. That compares with 35.46x for the Zacks sub-industry, 25.73x for the Zacks sector, and 22.16x for the S&P 500.
Over the past five years, P/E multiples have ranged from 15.0x to 46.01x, with a five-year median of 29.1x.
The $157 target is anchored to a 40.16x forward 12-month earnings multiple, implying the valuation framework remains premium but not unbounded.
Entegris Earnings Power Improving With Operating Leverage
The “why pay up” case starts with earnings power that is improving. In the first quarter of 2026, ENTG delivered non-GAAP earnings of 86 cents per share, up 28.4% year over year, and posted an adjusted EBITDA margin of 27.8%.
Net sales rose 5% from the year-ago quarter to $811.9 million. Growth was spread across both segments, with Advanced Purity Solutions leading the top-line mix.
Advanced Purity Solutions revenue increased 6.8% year over year to $463.6 million, supported by strength in liquid filtration and FOUPs. Materials Solutions revenue rose 2.8% to $351.1 million, with contributions from advanced deposition materials, selective etch and chemical mechanical planarization consumables.
Story Continues
ENTG Margin Drivers Include Mix and Self-Help Actions
Margins also showed progress. On a GAAP basis, gross margin expanded to 46.9% from 46.1% a year ago, alongside better operating leverage.
Management attributed gross margin improvement to productivity actions and product mix. It also noted that a useful-life accounting change implemented in early 2026 reduced depreciation expense, which benefited gross margin.
At the same time, the quarter included roughly 50 basis points of one-time items that are not expected to recur at similar levels, a reminder that the path can be uneven as footprint actions continue.
Entegris Cash Flow Helps, but Leverage Still Matters
Cash generation is a supportive part of the story. First-quarter 2026 operating cash flow was $183.0 million, capital expenditures were $41.5 million, and free cash flow totaled $143.5 million.
ENTG used that flexibility to make a $50 million term-loan repayment and ended the quarter with $442.7 million in cash and cash equivalents.
Leverage is still a gating factor. Management cited net leverage at 3.6x and guided toward approximately 3x by the end of 2026, while net interest expense is expected to be slightly below $190 million for 2026.
ENTG Trading Lens From Style Scores and Revisions
From a near-term trading lens, the Zacks Rank is #2 (Buy). Style Scores point to Momentum A and Growth B, offset by Value D and a VGM Score of C. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Estimate revisions have been constructive, with the current fiscal year earnings estimate up 5.6% over the last four weeks.
For context, Cirrus Logic, Inc. CRUS and FormFactor, Inc. FORM also sit within the same broader semiconductor industry list, highlighting that investors have multiple ways to express a view on the space as cycle and spending signals evolve.
Entegris Decision Framework Into the Next Print
The next print should be judged against a clear checklist. For the second quarter of 2026, management guided net sales to $815 million-$845 million and non-GAAP earnings per share to 76 - 84 cents.
Investors will also want to see whether CapEx-driven revenues increase as the year progresses, as management expects, and whether mid to high-single-digit MSI growth holds through 2026.
Finally, margin durability will matter as investments resume. Second-quarter guidance calls for gross margin in the range of 46.25% - 47.25% and adjusted EBITDA margin between 27% and 28%, putting operational execution at the center of the valuation debate.
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FormFactor, Inc. (FORM) : Free Stock Analysis Report
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Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Soaring iPhone Sales Have Supercharged This Under-the-Radar Stock That's Outperforming Apple. Buy It Before It Soars Another 59%
May 13, 2026 · fool.com
Cirrus Logic stock has been in fine form on the market in 2026, driven by the company's close relationship with Apple.
- Cirrus Logic Is Reinvesting In The Future Though Growth May Be Priced In
May 12, 2026 · seekingalpha.com
Cirrus Logic, Inc. is rated Hold with a $154 price target, reflecting limited upside as shares trade near the upper end of historical EV/aEBITDA multiples. CRUS benefits from operational momentum, strong Apple partnership through 2030, and strategic R&D investments targeting industrial automation and AI-enabled devices. Financial flexibility is robust, with $888M in cash, no debt, and active share repurchases, supporting potential R&D expansion or acquisitions.
- This investor who backed Nvidia in 2016 and a memory-chip maker in 2024 now has a third conviction call
May 11, 2026
”Lifecording” is the investing trend pushed forward by venture-capital investor Josh Wolfe. - josh edelson/Agence France-Presse/Getty Images
Josh Wolfe, a venture-capital investor who uses the ideas from his portfolio companies to invest in the stock market, says he has identified a third strong conviction call that will lift hardware stocks.
Wolfe, the co-founder of Lux Capital, noted some of his previous prescient calls, in a Friday post on X. At a 2016 investment conference, he recommended Nvidia NVDA on the view that the narrative would change from gaming consoles to simulation and AI. In 2024 he recommended a long position in memory-chip maker SK Hynix KR:000660 and a short on nuclear-power stocks, a conviction strong enough that a tracker of that call was made, and it shows a 656% return.
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In the interest of fairness, Wolfe in October said he had puts on the Nasdaq-100 QQQ and publicly recommended Adobe ADBE back in December, two trades that have seen heavy losses.
Wolfe said he was sharing a playbook that he started investing in for his family office back in February.
The idea is called “lifecording” — that there’s an abundance of hardware devices recording your life, with AI processing, summarizing, searching and finding insights and connections.
He cites examples such as Meta’s META acquisition of the Limitless pendant, Amazon AMZN of wearable startup Bee and OpenAI’s work on AI hardware as evidence that the trend will come to fruition.
The arms dealers, as he calls hardware firms, will win, seeing “a demand shock” when the giants place unusual big orders.
Who are those dealers?
The largest holding in his lifecording portfolio was Nordic Semiconductor NO:NOD NDCVF, as a leader in what’s called Bluetooth Low Energy, a bet on the ubiquity of wireless connectivity.
Next up were the eyes and ears of AI, which he identified as TDK JP:6762 TTDKY and Himax Technologies HIMX. The portfolio also includes Ambiq AMBQ, designated as “aggressive” with a focus on ultra-low-power Edge AI chips, while Infineon Technologies XE:IFX IFNNY is called “strategic,” an established player in power management and automotive semiconductors.
Rounding out the portfolio was Ceva CEVA, called an anchor through its IP licensing model, while Synaptics SYNA is a “tactical” play on the Internet of Things and human-interface hardware.
Since that initial portfolio, Wolfe said he has been adding other companies in the space. A screenshot shows Evonix ENVX, a company involved in the smart eyewear field, was added, as well as Apple supplier Cirrus Logic CRUS.
Story Continues
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- Stock Market Today (LIVE): Peace Dividend Evaporates as White House Dismisses Iran Proposal and Oil Jumps 4% to Start the Week
May 11, 2026 · fool.com
Top insights from the latest market news from Monday, May 11, from The Motley Fool analysts on Team Rule Breakers and Team Hidden Gems.
