TacticScaleWhat Cirrus Logic Does & How It Makes Money (CRUS)
Updated October 2026 · reflects Cirrus Logic's latest reported financials
Fabless chipmaker designing audio and mixed-signal chips for consumer devices. Cirrus Logic designs chips and has outside foundries make them, so it owns no chip factories.
How Cirrus Logic makes money
Cirrus Logic designs chips and has outside foundries make them, so it owns no chip factories. It sells the chips to device makers through its own sales force, outside sales representatives and distributors.
What Cirrus Logic does
Cirrus Logic is a fabless semiconductor company based in Austin, Texas, and was incorporated in 1984. It is best known for audio chips: amplifiers, codecs that put analog-to-digital and digital-to-analog conversion on a single chip, smart codecs with built-in signal processing, standalone DSPs and its SoundClear technology. These parts go into smartphones, PCs, tablets, AR/VR headsets, wearables, home theater, car entertainment and professional audio systems. The company also sells chips beyond audio. For smartphones it offers camera controllers, haptic and sensing solutions, and battery and power ICs, and it has products for automotive, industrial and imaging uses. It sells in China, the United States and other countries through a direct sales force, outside sales representatives and distributors.
Products & services
- Audio amplifiers
- Audio codecs (ADC/DAC ICs)
- Smart codecs and digital signal processors
- SoundClear technology
- Haptic and sensing solutions
- Camera controllers and battery/power ICs
What is Cirrus Logic worth?
On an owner-earnings DCF, Cirrus Logic's most-likely value is about $186 versus a recent price near $107 (74% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$108) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Silicon Laboratories (SLAB) · Amlogic (Shanghai) (688099.SS) · Lattice Semiconductor (LSCC) · Analog Devices (ADI)