• Cirrus Logic average gross margin for 2023 was 50.43%, a 2.48% increase from 2022.
• Cirrus Logic average gross margin for 2022 was 51.71%, a 0.86% decline from 2021.
• Cirrus Logic average gross margin for 2021 was 51.27%, a 2.25% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.