CIRRUS LOGIC, INC.

Cirrus Logic, Inc. (NASDAQ: CRUS) is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world's top mobile and consumer applications. The company maintains its primary facility in Austin, Texas, with additional offices across the United States, United Kingdom, Taiwan, China, South Korea, Japan, and Singapore. More information is available at www.cirrus.com.

The company operates as a fabless semiconductor manufacturer, contracting with third parties for wafer fabrication and product assembly and testing. Cirrus Logic's product portfolio is organized into two primary categories: Audio and HPMS (High-Performance Mixed-Signal). The Audio segment includes amplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters, and standalone digital signal processors used in smartphones, PCs, tablets, AR/VR headsets, wearables, home theater systems, automotive entertainment systems, and professional audio applications. The company's SoundClear technology provides a broad portfolio of tools, software, and algorithms that enhance customer products through features such as high-fidelity sound and voice capture. The HPMS segment encompasses camera controllers for automatic focus and optical image stabilization, haptic and sensing solutions for tactile feedback, and battery and power integrated circuits, primarily serving the smartphone market while also addressing automotive, industrial, and imaging applications.

As of March 28, 2026, Cirrus Logic employed 1,668 full-time and temporary employees, with 71 percent engaged in research and product development, 24 percent in sales, marketing, and administrative functions, and 5 percent in manufacturing-related activities. The company maintains a global workforce with 64 percent of employees residing in the United States and 36 percent offshore. Cirrus Logic holds approximately 4,340 pending and issued patents worldwide, including approximately 1,620 granted U.S. patents, providing substantial intellectual property protection for its innovations. The company's ten largest end customers represented approximately 96 percent of net sales, with Apple Inc. accounting for approximately 91 percent of total net sales, reflecting significant customer concentration in the smartphone market.