{"schema_version":"secwatch.filing_event.v1","accession":"0000772406-23-000054","form_type":"8-K","ticker":"CRUS","cik":"0000772406","company_name":"CIRRUS LOGIC, INC.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.980419+00:00","generated_at":"2026-06-09T01:21:03.257883+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cirrus Logic Q2 FY24 revenue $481.1M, GAAP EPS $1.34, non-GAAP $1.80","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000772406-23-000054","json":"https://secwatch.observer/filing/0000772406-23-000054.json","markdown":"https://secwatch.observer/filing/0000772406-23-000054.md","text":"https://secwatch.observer/filing/0000772406-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/0000772406-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/crus-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T01:21:03.257883+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"79c5bdb39d333c3ae6423124f2d327ffc5dc24e8","claim":"CIRRUS LOGIC, INC. reported second quarter fiscal year 2024, which ended September 23, 2023 results: revenue $481.1 million, EPS $1.34. Guidance reaffirmed.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/0000772406-23-000054-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter fiscal year 2024, which ended September 23, 2023"},{"label":"Revenue","value":"$481.1 million"},{"label":"EPS","value":"$1.34"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cd5f2cc6c1ad323a5c76aa4a444bedb5ed0bd42e","claim":"CIRRUS LOGIC, INC. reported third quarter FY24 results: revenue $510 million and $570 million. Guidance reaffirmed.","evidence_excerpt":"Business Outlook – Third Quarter FY24 • Revenue is expected to range between $510 million and $570 million;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/0000772406-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter FY24"},{"label":"Revenue","value":"$510 million and $570 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}