CRUS

In the past six months (March 2026 - September 2026), Cirrus Logic reported fourth-quarter fiscal year 2026 revenue of $448.5 million and a record full fiscal year 2026 revenue of $2.0 billion. For the first quarter of fiscal year 2027, the company reported record revenue of $459.7 million, a 13% increase year-over-year, slightly beating adjusted profit forecasts but falling just short of analyst revenue expectations. Following this, Stifel lowered its price target for Cirrus Logic to $160 from $197, while maintaining a Buy rating. Other events include the expansion of its flagship audio converter portfolio with nine new devices in May 2026 and receiving a Scottish Enterprise Grant for smart energy innovation in July 2026. Insider trading activity involved Jeffrey W. Baumgartner, EVP of Research and Development, selling shares totaling $138,754 on September 21, 2026, and 1,166 shares for approximately $137,460 on August 20, 2026, both under Rule 10b5-1 trading plans.