Cirrus Logic Q3 FY23 record revenue $590.6M, above guidance; Q4 guidance $340-400M

CIRRUS LOGIC, INC.

2023-Q3 EPS reported $4.02 revenue$1,524,795,000

Record revenue $590.6M (+8% YoY, +9% QoQ), above high end of guidance; driven by smartphone demand.
GAAP EPS $1.83, non-GAAP EPS $2.40; GAAP gross margin 50.2%, non-GAAP 50.3%.
One customer contributed 88% of revenue; HPMS revenue 41% of total.
Q4 FY23 guidance: revenue $340-400M (down ~37% seq); gross margin 49-51%.
Repurchased $50M of stock (712,883 shares at avg $70.14); cash $507.7M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CIRRUS LOGIC, INC. reported third quarter fiscal year 2023 results: revenue $590.6 million, EPS $1.83 and non-GAAP earnings per share of $2.40.

Period: third quarter fiscal year 2023
Revenue: $590.6 million
EPS: $1.83 and non-GAAP earnings per share of $2.40
Result: reported results

Exact text from the filing

Current Report on Form 8-K. --- EX-99.1 (EX-99.1 PRESS RELEASE) --- PRESS RELEASE Document Exhibit 99.1 FINANCIAL NEWS Cirrus Logic Reports Fiscal Third Quarter Revenue of $590.6 Million Smartphone Sales Drive Record Revenue AUSTIN, Texas – Feb. 2, 2023 – Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly

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Source: SEC EDGAR

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