{
  "url": "https://struct.news/briefs/cirrus-logics-apple-tie-runs-through-its-chip-factories",
  "title": "Cirrus Logic’s Apple Tie Runs Through Its Chip Factories",
  "summary": "Cirrus Logic disclosed that Apple accounted for 86% of sales, while GlobalFoundries and TSMC primarily supplied its wafers.",
  "published_at": "2026-08-11T23:51:52.886780+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Cirrus Logic, Inc.",
    "ticker": "CRUS",
    "cik": null,
    "sector": "Technology",
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "GFS",
      "value": "GFS",
      "display": "GFS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "TSM",
      "value": "TSM",
      "display": "TSM",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "AAPL",
      "value": "AAPL",
      "display": "AAPL",
      "unit": "ticker",
      "period": null,
      "detail": "86.0% revenue",
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "GFS",
      "value": "GFS",
      "display": "GFS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "AMKR",
      "value": "AMKR",
      "display": "AMKR",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "ADI",
      "value": "ADI",
      "display": "ADI",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "Cirrus Logic’s disclosed relationship map",
      "label": "QCOM",
      "value": "QCOM",
      "display": "QCOM",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-11"
      }
    }
  ],
  "watch_next": [
    {
      "type": "tax",
      "statement": "A full U.S. federal deferred-tax valuation allowance created a significant non-cash tax expense and sharply widened the annual net loss.",
      "importance": "medium",
      "evidence": "The effective tax rate for fiscal 2026 diverged from the combined U.S. federal and state statutory tax rate primarily due to a significant non-cash tax expense associated with the establishment of a full valuation allowance against our U.S. federal deferred tax assets.",
      "source_date": "2026-08-10"
    },
    {
      "type": "demand",
      "statement": "Mobile revenue declined as units sold fell, with the company citing lower demand and unfavorable product mix.",
      "importance": "medium",
      "evidence": "Net revenue from Mobile product applications decreased by $7.4 million and was primarily driven by lower units sold (which decreased 5.7%) and a decrease in average selling prices (which decreased 11.2%), due to lower demand and unfavorable product mix.",
      "source_date": "2026-08-10"
    },
    {
      "type": "pricing",
      "statement": "Mobile average selling prices declined alongside lower unit sales and reduced license revenue.",
      "importance": "medium",
      "evidence": "Net revenue from Mobile product applications decreased by $7.4 million and was primarily driven by lower units sold (which decreased 5.7%) and a decrease in average selling prices (which decreased 11.2%), due to lower demand and unfavorable product mix.",
      "source_date": "2026-08-10"
    },
    {
      "type": "product_pipeline",
      "statement": "R&D expense represented 17% of net sales (vs. 15% in prior period) driven by infrastructure-related costs, including investments in artificial intelligence, and higher headcount-related expenses.",
      "importance": "medium",
      "evidence": "centage of total net sales 17 % 17 % 15 % 15 % Research and Development Research and development (“R&D”) expense increased during the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher infrastructure-related costs, including investments in artificial intelligence, and headcount-related expenses.",
      "source_date": "2026-07-31"
    }
  ],
  "related_tickers": [
    "AAPL",
    "ADI",
    "AMKR",
    "CRUS",
    "GFS",
    "QCOM",
    "SWKS",
    "SYNA",
    "TSM",
    "TXN"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}