CRUS

Cirrus LogicC

Nasdaq / Semiconductors & Semiconductor Equipment

At close

2026-06-02

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AI scenario view

RankAlpha Sentiment CodexPost-earnings T+3

B+

Bull case

30%

Probability

Target price

$195.00

+14.3% vs current

Most likely

Base case

45%

Probability

Target price

$172.00

+0.8% vs current

B-

Bear case

25%

Probability

Target price

$145.00

-15.0% vs current

AI sentiment snapshot

Latest data as of 2026-05-08

AI commentary

Primary-source evidence is stronger than in the prior baseline because the May 6, 2026 earnings release and shareholder letter confirmed record FY26 revenue and EPS, a constructive June-quarter outlook, and explicit diversification progress [#8-K-2026-05-06]. Secondary checks on May 7-8 also showed several analyst target increases and shares holding around $171-$172 after earnings, which is consistent with a constructive immediate read-through. Still, analyst-target coverage in the packet remains thin, the stock already sits above the packet median target, and the business remains heavily customer-concentrated, so this stays a cautious post-earnings positive rather than a high-conviction re-rating call.

RankAlpha Sentiment Codex - 2026-05-08

Open post-earnings memo

Evidence flagged

No evidence quality warning is currently attached to this memo.

Impact

standard

Confidence

AI events

2026-05-20catalystPost-earnings estimate reset after record FY26 resultsMedium impact

Cirrus reported Q4 FY26 revenue of $448.5 million, FY26 revenue of $2.0 billion, and guided Q1 FY27 revenue to $430 million-$490 million with 51%-53% GAAP gross margin and $155 million-$161 million of GAAP operating expense, removing the pre-print event overhang and supporting a near-term estimate reset [#8-K-2026-05-06]. Secondary analyst coverage checked after the print also showed price-target increases, but breadth remains limited.

2026-10-31catalystPC and industrial diversification need to become materialHigh impact

The May 6 shareholder letter said PC revenue grew strongly year over year and that new amplifiers and codecs aimed at a wider range of platforms and AI-enabled PCs position the business for strong growth in FY27, while the April 16 industrial imaging launch broadened the general-market portfolio into commercial and industrial scanning systems [#8-K-2026-05-06][#IR-2026-04-16]. The stock can sustain a higher multiple if these newer businesses become visibly larger contributors.

2026-12-31catalystSmartphone content expansion and customer-program broadeningHigh impact

Management said FY26 execution included strong demand for its latest custom boosted amplifier and 22-nanometer smart codec, development of next-generation camera controllers, and design work on a smart power IC tied to future Face ID-related implementations, while also working with its largest customer and GlobalFoundries on new process technologies [#8-K-2026-05-06]. If these programs convert into volume content gains, CRUS can extend growth beyond the current audio base.

View full catalyst timeline

Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-05-08 • Updated nightlySource: Internal modelMethodology