NASDAQ: CRUS

Stock Quote: NASD

Last Price: 63.92

Change: -0.27 (-0.42%)

Open: 64.11

Previous Close: 64.19

Apr 21, 2017 03:59 PM Pricing delayed 20 minutes

What Drives our Success

Cirrus Logic has developed a corporate culture that fosters innovation, creativity and timely execution, which we believe is an important factor in our success as it helps us to recruit and retain talent employees and establish and maintain key relationships with industry leaders in the rapidly growing markets we target. Over the past few years the value placed on the audio and voice experience has increased significantly as the role of mobile devices become more entrenched in our daily lives through the consumption and production of multimedia content. As the leading supplier of the complete audio signal chain, Cirrus Logic is well positioned to leverage our expertise in high-performance analog and mixed signal processing to further strengthen our strong leadership position in the audio and voice market.

Our Strategy

Targeting fast growing markets we identify and build strong relationships with tier-one global OEMs that differentiate their products, based in part on our technology and embedded software capabilities. Our engineers work closely with their product teams, which enables Cirrus Logic to leverage initial design-in success for long-term opportunities with custom, semi-custom and general-market products across multiple product platforms. Our technology is uniquely suited for the rapidly growing audio and voice markets where ultra low power and complex signal processing are an essential component in the delivery of compelling solutions for mobile devices, wearables, digital headsets and smart home applications.

Our Competitive Strengths

Cirrus Logic excels at solving complex engineering challenges and has a proven track record of engineering execution and on-time delivery of its products. As a fabless semiconductor company, Cirrus Logic’s supply chain team works closely with our foundry and backend partners to ensure capacity and seamless production. We leverage our extensive intellectual property portfolio to develop innovative new features, reduce overall power consumption and lower product costs by eliminating or integrating functionality and components into our chips.

The company's position is strengthened by its ability to supply the complete hardware and software solution from capture to playback, including smart codecs, DSPs, amplifiers, and MEMS microphones. Furthermore, we build strong relationships with leading global OEMs that differentiate their products based in part on our innovative audio and voice products. Our engineers work closely with their product teams, which enables Cirrus Logic to leverage initial design-in success for long-term opportunities with custom, semi-custom and general-market products across multiple product platforms. The company has cultivated a nationally recognized culture of excellence that helps to attract and retain top engineers who are the driving force behind the innovative products we develop for the world’s best customers.

Strong Financial Position

Cirrus Logic has high operating margins and strong cash flow. The company continues to invest in organic growth in rapidly expanding audio and voice markets, which are expected to contribute to revenue growth in the years to come.

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