Cirrus Logic Reports Fiscal Q4 2007 Financial Results

                          CIRRUS LOGIC, INC.
                 CONSOLIDATED CONDENSED BALANCE SHEET
                            (in thousands)

                                       Mar. 31,   Dec. 30,   Mar. 25,
                                         2007       2006       2006
                                       --------- ----------- ---------
ASSETS                                           (unaudited)
Current assets
 Cash and cash equivalents              $87,960     $81,885  $116,675
 Restricted investments                   5,755       5,755     5,755
 Marketable securities                  178,000     176,527   102,335
 Accounts receivable, net                19,127      16,585    20,937
 Inventories                             16,496      20,331    18,708
 Other current assets                    13,699       6,654     7,747
                                       --------- ----------- ---------
     Total Current Assets               321,037     307,737   272,157

Long-term marketable securities               -           -    18,703
Property and equipment, net              11,407      12,324    14,051
Intangibles, net                          8,550       9,039     2,966
Goodwill                                  6,461       6,146         -
Investment in Magnum Semiconductor        3,657       7,947     7,947
Other assets                              1,948       3,253     3,217
                                       --------- ----------- ---------
  Total Assets                         $353,060    $346,446  $319,041
                                       ========= =========== =========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
 Accounts payable                       $10,434     $12,142   $14,129
 Accrued salaries and benefits            7,816       6,349     6,460
 Other accrued liabilities               10,519      12,425    10,053
 Deferred income on shipments to
  distributors                            4,290       4,907     7,098
 Income taxes payable                     1,561       2,091     2,228
                                       --------- ----------- ---------
    Total Current Liabilities            34,620      37,914    39,968

Long-term restructuring accrual           3,418       3,367     4,694
Other long-term obligations              10,085       9,763    10,109

Stockholders' equity:
 Capital stock                          926,900     924,665   914,235
 Accumulated deficit                   (621,180)   (628,459) (649,075)
 Accumulated other comprehensive loss      (783)       (804)     (890)
                                       --------- ----------- ---------
     Total Stockholders' Equity         304,937     295,402   264,270
                                       --------- ----------- ---------
         Total Liabilities and
          Stockholders' Equity         $353,060    $346,446  $319,041
                                       ========= =========== =========

 Prepared in accordance with Generally Accepted Accounting Principles


Contact:

Cirrus Logic, Inc., Austin
Investor Contact:
Thurman K. Case, 512-851-4125
Chief Financial Officer
Email Contact

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