Cirrus Logic (CRUS) Barclays 23rd Annual Global Technology Conference summary

AI and edge computing trends

• AI is expected to shift from data centers to edge devices, increasing demand for power-efficient, compact chips and voice-enabling IP.

• Voice interfaces are seen as a key mode for AI at the edge, with opportunities in phones, PCs, and emerging AI device categories.

Automotive market expansion

• Recently announced automotive haptics products aim to improve user experience, addressing lag and poor feedback in current systems.

• Automotive haptics are considered 20 years behind consumer devices, and new products are auto-qualified and have been demonstrated to OEMs.

• Revenue impact from automotive products is expected in the 2027–2028 timeframe due to long design cycles.

PC market growth and outlook

• PC segment is experiencing significant growth, with FY 2025 revenue in the low tens of millions and expected to double in FY 2026.

• Transition from HDA to SDCA audio architecture is accelerating, with 15–20% of laptops using SDCA and 75% of those using their silicon.

• Mainstream PC devices ($800–$1,000) are projected to drive about 50% of PC-related revenue in FY 2026.