---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-23-000005"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:59:09.725727+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000772406-23-000005
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240623000005/0000772406-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240623000005/crus-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-23-000005
- JSON: https://secwatch.observer/filing/0000772406-23-000005.json
- Plain text: https://secwatch.observer/filing/0000772406-23-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240623000005/0000772406-23-000005-index.htm

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