Business UpdateMay 21, 2026, 04:19 PM
Cirrus Logic Reports $5.0B Market Value; 91% Sales from Apple
AI Summary
Cirrus Logic, Inc. filed its annual 10-K report for the fiscal year ended March 28, 2026, reporting an aggregate market value of $5.00 billion for its non-affiliate common equity as of September 27, 2025, with 50,582,893 shares outstanding as of May 19, 2026. The company highlighted its significant customer concentration, with Apple Inc. accounting for approximately 91% of its net sales in fiscal year 2026. Cirrus Logic, a fabless semiconductor company, outlined its strategy to maintain leadership in smartphone audio and expand its high-performance mixed-signal (HPMS) product line, while also detailing risks related to its reliance on a limited number of customers and third-party manufacturing.
Key Highlights
- Aggregate market value of non-affiliate common equity was $5.00B as of Sep 27, 2025.
- Outstanding common stock totaled 50,582,893 shares as of May 19, 2026.
- Apple Inc. accounted for approximately 91% of net sales in fiscal year 2026.
- Top 10 end customers represented approximately 96% of net sales in FY2026.
- Company held approximately 4,340 pending and issued patents worldwide.
- Global workforce of 1,668 employees as of March 28, 2026.
- Voluntary employee turnover rate was 7% in fiscal year 2026.
Price Impact
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