CIRRUS LOGIC, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B | $1.28B | $1.19B |
| Cost of Revenue | $943.2M | $900.0M | $872.8M | $940.6M | $857.8M | $661.9M | $607.0M | $588.0M |
| Gross Profit | $1.05B | $996.0M | $916.1M | $957.0M | $923.6M | $707.3M | $674.2M | $597.5M |
| Gross Margin | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% | 52.6% | 50.4% |
| Operating Expenses | ||||||||
| Research & Development | $434.0M | $434.7M | $426.5M | $458.4M | $406.3M | $342.8M | $347.6M | $375.1M |
| SG&A Expense | $159.8M | $151.0M | $144.2M | $153.1M | $151.0M | $127.0M | $131.1M | $126.5M |
| Operating Income | $460.4M | $410.4M | $343.5M | $249.0M | $366.3M | $237.2M | $173.5M | $100.8M |
| Operating Margin | 23.0% | 21.6% | 19.2% | 13.1% | 20.6% | 17.3% | 13.5% | 8.5% |
| Interest Expense | — | — | $915.0K | $898.0K | $948.0K | $1.1M | $1.1M | $1.1M |
| Pretax Income | $496.7M | $444.9M | $363.9M | $254.7M | $368.7M | $245.2M | $181.3M | $93.7M |
| Income Tax Expense | $82.3M | $113.4M | $89.4M | $78.0M | $42.3M | $27.9M | $21.8M | $3.8M |
| Net Income | $414.4M | $331.5M | $274.6M | $176.7M | $326.4M | $217.3M | $159.5M | $90.0M |
| Net Margin | 20.7% | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% | 12.4% | 7.6% |
| EPS (Basic) | $8.10 | $6.24 | $5.06 | $3.18 | $5.70 | $3.74 | $2.74 | $1.50 |
| EPS (Diluted) | $7.85 | $6.00 | $4.90 | $3.09 | $5.52 | $3.62 | $2.64 | $1.46 |
| Shares Outstanding (Basic) | 51.1M | 53.1M | 54.3M | 55.6M | 57.3M | 58.1M | 58.3M | 60.1M |
| Shares Outstanding (Diluted) | 52.8M | 55.2M | 56.0M | 57.2M | 59.1M | 60.1M | 60.5M | 61.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |