Cirrus Logic vs Semtech
Cirrus Logic reported revenue of $2.0 billion in fiscal 2026, 1.9 times Semtech's $1.1 billion in fiscal 2026. Cirrus Logic's revenue grew 5.3% in its latest year, and Semtech's grew 15.5%. Cirrus Logic had an operating margin of 23.1%, against 3.1% at Semtech. Free cash flow was $637 million at Cirrus Logic and $171 million at Semtech. Their fiscal years end in different months (March 28 and January 25), so the periods don't line up exactly.
Side by side
| Cirrus Logic | Semtech | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 28, 2026 | FY2026, Jan 25, 2026 |
| Revenue | $2.0B | $1.1B |
| Revenue growth | 5.3% | 15.5% |
| Revenue growth a year, last 5 years | 7.8% | 12.0% |
| Gross margin | 52.8% | 51.6% |
| Operating margin | 23.1% | 3.1% |
| Net margin | 20.8% | −3.9% |
| Free cash flow | $637M | $171M |
| Free cash flow margin | 31.9% | 16.3% |
| Return on capital | 29.6% | 2.9% |
| Net debt to EBITDA | −1.7x | 4.7x |
| Dividends and buybacks | $280M | $0M |
| Change in diluted share count | −4.4% | 23.4% |
| Last close | $113.00 | $136.73 |
| P/E at the last close | 13.8× | — |
| Insider trades, last 12 months | sold $13.6 million | sold $17.6 million |
| Piotroski F-score | 8 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cirrus LogicSemtech
Operating margin
Percent of revenue
Cirrus LogicSemtech
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cirrus LogicSemtech
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cirrus Logic and Semtech pages.