8-K
filed November 1, 2022, 7:59 PM ET
ticker CRUS
CIK 0000772406
earnings
confidence high
sentiment positive
materiality 0.80
Cirrus Logic Q2 FY23 revenue $540.6M record; GAAP EPS $1.52, non-GAAP $1.99, above guidance
CIRRUS LOGIC, INC.
2023-Q2 EPS reported
$2.20
revenue$934,213,000
- Revenue $540.6M, up 37% QoQ and 16% YoY; GAAP/non-GAAP gross margin 50.2%.
- GAAP EPS $1.52, non-GAAP $1.99; operating profit 21.5% GAAP, 27.3% non-GAAP.
- One customer contributed ~82% of revenue; audio 62%, HPMS 38%.
- Q3 FY23 outlook: revenue $520M-$580M, gross margin 49%-51%, R&D+SG&A $153M-$159M.
- Repurchased $50M shares in Q2, $25M after quarter-end; cash $427.9M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CIRRUS LOGIC, INC. reported second quarter fiscal year 2023 results: revenue $540.6, net income $87.2, EPS $1.52.
- Period
- second quarter fiscal year 2023
- Revenue
- $540.6
- Net income
- $87.2
- EPS
- $1.52
- Result
- reported results
Exact text from the filing
Figure A: Cirrus Logic Q2 FY23 Results GAAP Adj. Non-GAAP* Revenue $540.6 $540.6 Gross Profit $271.3 $0.3 $271.6 Gross Margin 50.2% 50.2% Operating Expense $155.1 ($31.1) $123.9 Operating Income $116.2 $31.4 $147.7 Operating Profit 21.5% 27.3% Interest Income $1.3 $1.3 Other Income $0.3 $0.3 Income Tax Expense $30.6 $4.1 $34.7 Net Income $87.2 $27.3 $114.5 Diluted EPS $1.52 $0.48 $1.99
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CIRRUS LOGIC, INC. reported third quarter fiscal year 2023 results: revenue $520 million and $580 million. Guidance initiated.
- Period
- third quarter fiscal year 2023
- Revenue
- $520 million and $580 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Business Outlook – Third Quarter FY23 • Revenue is expected to range between $520 million and $580 million; • GAAP gross margin is forecasted to be between 49 percent and 51 percent; and • Combined GAAP R&D and SG&A expenses are anticipated to range between $153 million and $159 million, including approximately $21 million in stock-based compensation expense, $9 million in amortization of acquired intangibles, and $3 million in acquisition-related costs.
View on SEC.gov
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