---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-22-000036"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T20:03:17.245582+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic Q2 FY23 revenue $540.6M record; GAAP EPS $1.52, non-GAAP $1.99, above guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000772406-22-000036
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240622000036/0000772406-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240622000036/crus-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-22-000036
- JSON: https://secwatch.observer/filing/0000772406-22-000036.json
- Plain text: https://secwatch.observer/filing/0000772406-22-000036.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240622000036/0000772406-22-000036-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240622000036/0000772406-22-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.