Slide 1: Investor Relations Update
Investor Relations Update As of May 6, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain forward-looking statements, including industry market projections; our revenue growth opportunities; our ability to fuel product and application diversification; our ability t
Slide 3: Industry and Market Data
Industry and Market Data In this presentation, we rely on and refer to information and statistics regarding the sectors in which we compete and other industry data. We obtain statistics form third-party sources, including reports by market research firms. Although we believe these sources are reliab
Slide 4: Cirrus Logic at a Glance
Cirrus Logic at a Glance PROFILE PRODUCTS CORE STRENGTHS Founded in 1984 Smart codecs Analog and digital-signal processing Listed on NASDAQ: CRUS Amplifiers Engineering execution World-class customer support FY25 revenue: $1.90B Haptics & sensing solutions and application expertise Headquarters in A
Slide 5: Strategy for Growth Through Product Diversification
Strategy for Growth Through Product Diversification MARKETS Audio STRATEGY Leverage core strengths and proven track record to fuel product diversification Extensive Advanced Mixed- Low-Latency Low-Power Outstanding STRENGTHS Intellectual Signal Design Processing Leadership Execution Property Portfol
Slide 6: Proven Operating Model
Proven Operating Model Leverage best-in-class IP SOLID OPERATING Expand with MARGINS more content & diversify Target product fast-growing portfolio markets STRONG CASH FLOW Design best-in-class LEADING SUPPLIER OF custom, semi-custom & Engage tier-one LOW-POWER, HIGH- general market market leaders P
Slide 7: Award-Winning Corporate Culture
Award-Winning Corporate Culture • Helps attract and retain a talented workforce, including highly-skilled mixed-signal engineers • Fosters long-tenured employees who maintain relationships and continuity with customers • Plays a key role in motivating employees and fueling a culture of innovation 7
Slide 8: Technology & Market Overview
Technology & Market Overview 8
Slide 9: Cirrus Logic Growth Strategy
Cirrus Logic Growth Strategy Laptops THREE-PRONGED STRATEGY: Tablets AR/VR 1. Maintaining our leadership position in Wearables smartphone audio Other 2. Increasing HPMS content in smartphones 3. Leveraging our strength in audio and HPMS to expand into additional Smartphones applications and markets
Slide 10: Expanding SAM in a Vast Mixed-Signal Market
Expanding SAM in a Vast Mixed-Signal Market Audio Audio $2.6B $3.3B $4.0B $9.0B 2023 High-Performance 2028 High-Performance Mixed-Signal Mixed-Signal $1.4B $5.7B Audio: smart codecs, amplifiers, ADCs, DACs, and DSPs High-Performance Mixed-Signal: battery and power ICs, camera controllers, and haptic
Slide 11: Growing High-Performance Mixed-Signal SAM
Growing High-Performance Mixed-Signal SAM Smartphones Smartphones $1.4B $0.8B $5.7B $3.3B 2023 2028 Other Devices* Other Devices* $0.6B $2.4B This market represents a sizeable opportunity to fuel growth while also driving product and application diversification in the coming years. *Other devices in
Slide 12: High-Performance Mixed-Signal Capabilities
High-Performance Mixed-Signal Capabilities Low-Power High- LEVERAGING MIXED-SIGNAL EXPERTISE TO ADDRESS NEW MCU / DSP Performance OPPORTUNITIES ADC / DAC • Investing meaningfully in intellectual property and Closed-Loop new technologies on advanced mixed-signal nodes Amplifiers Control Algorithms •
Slide 13: Proven Track Record of Content Expansion in Smartphones
Proven Track Record of Content Expansion in Smartphones Continued investment in new technology areas expected to drive additional content opportunities power IC power IC camera camera controllers camera controllers controllers haptic driver haptic driver haptic driver haptic driver amplifiers amplif
Slide 14: Broadening Content Beyond Smartphones
Broadening Content Beyond Smartphones EXPANDING INTO OTHER APPLICATIONS WITH EXISTING PORTFOLIO OF AMPLIFIERS, HAPTICS AND SMART CODECS: • Focused on laptops, tablets, wearables, gaming, and AR/VR • Growth driven by content expansion and increased penetration • Investing in next-generation technolog
Slide 15: Meaningful Opportunity to Capture More Laptop SAM
Meaningful Opportunity to Capture More Laptop SAM STRATEGY TO CONVERT SAM TO REVENUE: PC SAM • Increase value per device ~$1B* • Expand footprint across mainstream, premium, and high-end laptops • Develop new products to Audio SAM ~$435M HPMS SAM ~$580M address a broader range of feature and cost re
Slide 16: Product Overview
Product Overview 16
Slide 17: Audio Products
Audio Products AMPLIFIERS SMART CODECS • Deliver louder and higher-quality audio • High precision, low-latency and ultra- experience from micro speakers low power data conversion coupled with software and algorithms to • Ultra-low power consumption allows improve performance for extended playback §
Slide 18: High-Performance Mixed-Signal Products
High-Performance Mixed-Signal Products HAPTICS & SENSING BATTERY & POWER ICS CAMERA CONTROLLERS • Ultra-low latency, closed-loop • Advanced switched-capacitor • Custom high-precision, low- boosted driver delivers highly point of load converters, enable latency component with an responsive and consis
Slide 19: Financials
Financials 19
Slide 20: Committed to Driving Shareholder Value
Committed to Driving Shareholder Value DRIVING LONG-TERM TARGETING LONG-TERM CONTINUING TO GENERATE REVENUE GROWTH OPERATING PROFIT EXPANSION STRONG CASH FLOW 20
Slide 21: Financial Results
Financial Results REVENUE GROSS MARGIN COMBINED R&D / SG&A Q4 FY25 $424.5M 53.4% $140.8M (includes $19.1M in stock-based comp and $1.6M in amortization of acquisition intangibles) REVENUE GROSS MARGIN COMBINED R&D / SG&A FY25 $1.90B 52.5% $585.7M (includes $82.8M in stock-based comp and $7.1M in amo
Slide 22: Outlook
Outlook REVENUE GROSS MARGIN COMBINED R&D / SG&A Q1 FY26 $141M – $147M $330M – $390M 51% – 53% (includes $20M in stock-based comp and $2M in amortization of acquisition intangibles) *As of May 6, 2025 22
Slide 23: Revenue Q4 FY24 to Q1 FY26 ($M)
Revenue Q4 FY24 to Q1 FY26 ($M) Audio HPMS 600 $556 $542 500 38% $424 42% 400 $372 $374 $360* 40% 300 39% 41% 200 58% 62% 61% 60% 100 59% - Q4/FY24 Q1/FY25 Q2/FY25 Q3/FY25 Q4/FY25 Q1/FY26 In Q4 FY25, our largest customer represented 88% of total revenue *Midpoint of guidance as of May 6, 2025 23
Slide 24: Gross Margin and Operating Margin Q4 FY24 to Q4 FY25
Gross Margin and Operating Margin Q4 FY24 to Q4 FY25 GROSS MARGIN (TTM) OPERATING MARGIN (TTM) 52.3% 52.5% 52.6% 51.2% 51.3% 51.2% 51.3% 51.5% 51.6% 52.2% 26.5% 25.6% 26.0% 25.6% 25.0% 21.6% 20.2% 20.9% 20.4% 19.2% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 GAAP
Slide 25: Strong and Sustainable Cash Generation
Strong and Sustainable Cash Generation • Total cash and investments at the end of Q4 FY25 was $835M, up from $817M the prior quarter CASH • Cash from operations for the quarter was $130M GENERATION • Generated $1.7B of operating cash flow over last 5 full fiscal years CAPITAL • Continuing to invest
Slide 26: GAAP and Non-GAAP Financial Information
GAAP and Non-GAAP Financial Information SUPPLEMENTAL GAAP AND NON-GAAP FINANCIAL INFORMATION (in thousands; unaudited) (not prepared in accordance with GAAP) Trailing 12 Months Mar. 29, Dec. 28, Sep. 28, Jun. 24, Mar. 30, 2025 2024 2024 2024 2024 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 GAAP Gross Profit 996,0
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