Summer 2026
Posted on 4/20/2026
Low power audio and mixed-signal ICs
No salary listed
Company Historically Provides H1B Sponsorship
Austin, TX, USA
Hybrid
Master's, PhD
See people who can refer or advise you
Cirrus Logic designs low-power, high-precision mixed-signal ICs and software for audio and control, primarily for mobile audio, smart home, and wearables. Its products include mobile audio devices, smart home speakers, wearables, and headsets that are integrated into end devices by manufacturers. The company focuses on power-efficient signal processing and collaborates with top device makers, offering ICs, software, services, and development tools. Its goal is to be a leading supplier of audio and mixed-signal solutions that improve user experiences in mobile, smart home, and wearable devices while upholding strong governance and ESG practices.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Austin, Texas
Founded
1984
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
401(k)
Paid Time Off
Monthly Concerts
Weekly Happy Hours
Festival Tickets
On-Site Med Clinic
Community Events
Jeffrey W. Baumgartner, EVP of R&D at Cirrus Logic, sold 1,166 shares of common stock on 20 August 2026 for approximately $137,460. The sale was executed under a Rule 10b5-1 trading plan established on 27 February 2026. Following the transaction, Baumgartner retains direct ownership of 14,073 shares, valued at $1.65 million. This represents a 0.0279% ownership stake in the semiconductor firm. Cirrus Logic designs energy-efficient mixed-signal semiconductor solutions for the portable electronics market. The company reported trailing twelve-month revenue of $2.0 billion and net income of $431 million, with a market capitalisation of $5.9 billion. Shares were priced at $117.89 during the transaction. The stock delivered a 3.6% total return over the year ending 20 August 2026.
Coding and AI hubs launch across Scotland. 25 August 2026 Widen access to coding and AI learning A national network of community coding and AI hubs is to be created across Scotland as part of a new strategy by Digital Xtra to widen access to extracurricular computing activities for young people. The charity, which is backed by the Scottish Government and industry, said the move marks a shift from funding individual projects towards a place-based model designed to support grassroots computing clubs in local communities. The first phase of the Code Xtra strategy will see hubs established in North Edinburgh, Midlothian, Inverclyde and Moray, with further locations expected to be confirmed later this year. Digital Xtra has supported 210 grassroots activities over the past decade, awarding more than £1.1m through its annual grants programme and engaging more than 60,000 young people across Scotland. Under the new model, the charity will work with selected delivery partners to develop hubs that can host sessions, train local educators and community leaders, and lend equipment and resources to schools and community groups. The initial hubs will be based at Muirhouse Library in North Edinburgh, Dalkeith Library in Midlothian, Creative Regeneration in Inverclyde, and Elgin Library in Moray. Digital Xtra said the hubs will support the creation and growth of grassroots computing clubs while expanding access to coding, machine learning and AI learning opportunities outside the classroom. The hubs will feature LEGO Education's curriculum-aligned Computing Science & AI kits, which teach age-appropriate lessons on foundational coding and machine learning. The charity said it is one of the first organisations in Scotland to make the kit available to the public, while the new strategy also brings machine learning and AI skills into its remit for the first time. Training and support will be provided by Digital Xtra, Raising Robots and the Raspberry Pi Foundation, alongside the charity's education and industry partners. Digital Xtra will continue working with the Scottish Government and industry partners including Skyscanner, Baillie Gifford and Cirrus Logic to extend the hub network. It is also seeking support from other companies and organisations interested in backing additional coding and AI hubs across Scotland. The hubs will focus on three areas: delivering extracurricular coding and AI sessions for children and young people; providing training and guidance for local educators and community leaders; and acting as lending libraries for equipment and learning resources. Kraig Brown, Digital Xtra's Partnerships and Development Manager, said: "Technology is evolving faster than ever, and extracurricular tech activities are no longer just 'nice-to-have' - they are now a key part of young people's learning journey. When assessment and accreditation aren't the primary focus, young people have the freedom to think creatively, naturally building their 'STEM Capital.' "They are also a proven way to reach young people who often disengage in a traditional classroom setting and can be delivered in various locations or times that work for young people, their families, and the wider community. "However, access to grassroots computing initiatives in Scotland is often a postcode lottery with varying coverage and support. This is unacceptable. Digital Xtra will continue to champion extracurricular computing initiatives for young people through its new community coding & AI hubs network, which will create a more joined-up approach to informal digital learning. "By working with the hubs to develop this new ecosystem, Digital Xtra will continue to be at the forefront of driving digital skills for young people, regardless of their background or postcode." Minister for Business Tom Arthur said: "Digital skills are essential for Scotland's future, and every young person should have the opportunity to develop them, regardless of where they live, which is why I am proud to support this initiative. "These new community coding and AI hubs will help more young people access high-quality learning opportunities, build confidence with technology and gain the skills needed to thrive in an increasingly digital world."
Cirrus Logic shares have gained 51.5% over three years, yet the stock appears undervalued according to multiple metrics. A Discounted Cash Flow analysis estimates intrinsic value at around $158 per share, suggesting the stock trades at roughly a 24.1% discount. The company recently recorded quarterly revenue of $460 million, driven by demand for custom smartphone components. This revenue supports expectations for future cash generation, though any slowdown in key end markets could affect investor sentiment. Cirrus Logic produced approximately $568.6 million in free cash flow over the latest twelve months. The company scores highly on valuation checks, receiving 5 out of 6 on Simply Wall St's assessment, indicating it screens as cheap rather than expensive across most measures.
Cirrus Logic trades at 13.36 times forward earnings, near the low end of its five-year range, as earnings expectations weaken. The semiconductor company reported strong first-quarter results, with adjusted earnings of $1.84 per share, up 21.9% year-over-year and beating estimates. However, the consensus estimate for current fiscal year earnings stands at $7.47 per share, down from $9.26 in fiscal 2026. The estimate has declined roughly 5% over the past month. Cirrus faces significant concentration risk, with its largest customer accounting for approximately 90% of first-quarter revenues. This exposure leaves the company vulnerable to changes in product timing and sourcing decisions. The company maintains a strong balance sheet with $1.2 billion in cash and no debt. Free cash flow totalled $48.6 million, supporting increased research and development investment across its product portfolio.
Cirrus Logic reported record June quarter revenue of $460 million, driven by strong demand for custom boosted amplifiers and smart codecs in its flagship smartphone audio business. The growth was attributed to a strong product cycle from its largest customer, partially offset by anticipated pricing reductions. The company is shifting R&D focus towards High-Performance Mixed-Signal solutions, with opportunities in camera, battery, and power applications. It is also expanding into the PC market through AI-enabled features and developing high-performance analogue front-end components for smart meters. For Q2 fiscal 2027, Cirrus Logic guided revenue between $510 million and $570 million. The company has secured a capacity reservation agreement with GlobalFoundries for wafer supply and pricing through 2028. Operating expenses are expected to increase as the firm hires engineering talent to support R&D expansion.