---
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"
generated_at: "2026-06-09T01:21:03.257883+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-23-000054
- JSON: https://secwatch.observer/filing/0000772406-23-000054.json
- Plain text: https://secwatch.observer/filing/0000772406-23-000054.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/0000772406-23-000054-index.htm
- Earnings Releases
  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
  source text: Business Outlook – Third Quarter FY24 • Revenue is expected to range between $510 million and $570 million;
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240623000054/0000772406-23-000054-index.htm

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