Cirrus Logic, Inc.
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Cirrus Logic, Inc. - overview
Location
Austin, TX, US
Primary Industry
Business Support Services
About
Cirrus Logic, Inc. is a technology company specializing in high-precision mixed-signal processing, delivering advanced audio solutions for various consumer electronics and mobile devices. Founded by Tom Trolvan in Austin, US, Cirrus Logic, Inc. focuses on developing audio solutions for the consumer electronics sector.
The company has maintained a consistent strategy in audio technology, primarily serving original equipment manufacturers (OEMs) without known significant pivots or acquisitions. John Forsyth and Tracy King currently serve as the CEOs, continuing the company's mission to enhance audio quality globally. Cirrus Logic, Inc. specializes in high-precision mixed-signal processing technologies, offering a diverse array of audio solutions tailored for smartphones, laptops, tablets, wearables, and augmented/virtual reality (AR/VR) devices.
Their core product offerings include high-performance audio conversion codecs, audio amplifiers, and various types of codecs, enhancing audio quality and efficiency for clients ranging from leading smartphone manufacturers to consumer electronics brands. For the fiscal year 2023, Cirrus Logic reported a revenue of USD 1. 90 bn and an EBITDA of USD 320. 23 mn.
The company generates revenue through a B2B model, supplying audio components to OEMs and technology partners, supporting partnerships with pricing agreements based on product volume, ensuring a steady revenue stream.
Primary Industry
Business Support Services
Sub Industries
Business Support Services
Website
www.cirrus.com
Total Amount Raised
Subscriber access only
Cirrus Logic, Inc. - timeline of key events
Cirrus Logic, Inc. - financials
| Fiscal Year Ended | Mar 29, 2014 | Mar 28, 2015 | Mar 26, 2016 | Mar 25, 2017 | Mar 31, 2018 | Mar 30, 2019 | Mar 28, 2020 | Mar 27, 2021 | Mar 26, 2022 | Mar 25, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 714,338,000 | 916,568,000 | 1,169,251,000 | 1,538,940,000 | 1,532,186,000 | 1,185,524,000 | 1,281,124,000 | - | - | - |
| % Revenue Growth (YoY) | - | 28.3% | 27.6% | 31.6% | (0.4%) | (22.6%) | 8.1% | - | - | - |
| EBITDA (USD) | 169,899,000 | 143,624,000 | 238,271,000 | 380,483,000 | 343,860,000 | 180,595,000 | 241,717,000 | - | - | - |
| Operating Income (USD) | 155,016,000 | 108,769,000 | 180,211,000 | 317,050,000 | 262,461,000 | 100,769,000 | 173,480,000 | - | - | - |
| Operating Margin | 21.7% | 11.9% | 15.4% | 20.6% | 17.1% | 8.5% | 13.5% | - | - | - |
| % EBITDA Margin | 23.8% | 15.7% | 20.4% | 24.7% | 22.4% | 15.2% | 18.9% | - | - | - |
| NET Income (USD) | 108,111,000 | 55,178,000 | 123,630,000 | 261,209,000 | 161,995,000 | 89,991,000 | 159,498,000 | - | - | - |
| % Net Margin | 15.1% | 6.0% | 10.6% | 17.0% | 10.6% | 7.6% | 12.4% | - | - | - |
Cirrus Logic, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Apex Microtechnology, Inc. | - |
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Cirrus Logic, Inc. - employee data
Cirrus Logic, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board Of Directors | BM | ||||||
| Board Member | BM |
BM Board Member
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