Cirrus Logic Q2 FY24 revenue $481.1M, GAAP EPS $1.34, non-GAAP $1.80

CIRRUS LOGIC, INC.

2024-Q2 EPS reported $1.61 revenue$798,079,000

Revenue $481.1M, up 52% QoQ, down 11% YoY; one customer accounted for 88% of revenue.
GAAP gross margin 51.3%; Q3 FY24 revenue guidance $510M-$570M, gross margin 49%-51%.
GAAP EPS $1.34, non-GAAP EPS $1.80; repurchased 510,720 shares for $40.6M at avg $79.45.
Ramped shipments of next-gen camera controller; next-gen boosted amplifier and smart codec on track for 2024.
Inventory $328.9M, 128 days; expects Q2 to be peak inventory for fiscal year.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CIRRUS LOGIC, INC. reported second quarter fiscal year 2024, which ended September 23, 2023 results: revenue $481.1 million, EPS $1.34. Guidance reaffirmed.

Period: second quarter fiscal year 2024, which ended September 23, 2023
Revenue: $481.1 million
EPS: $1.34
Guidance: reaffirmed
Result: reported results

Exact text from the filing

release is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- FINANCIAL NEWS Cirrus Logic Reports Fiscal Second Quarter Revenue of $481.1 Million AUSTIN, Texas – Nov 2, 2023 – Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CIRRUS LOGIC, INC. reported third quarter FY24 results: revenue $510 million and $570 million. Guidance reaffirmed.

Period: third quarter FY24
Revenue: $510 million and $570 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Business Outlook – Third Quarter FY24 • Revenue is expected to range between $510 million and $570 million;

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Source: SEC EDGAR

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