Cirrus Logic Q3 FY24: Record revenue $619M, EPS $2.89; Q4 revenue guide $290-350M

CIRRUS LOGIC, INC.

2024-Q3 EPS reported $4.09 revenue$1,417,063,000

Record Q3 revenue $619M (above guidance); GAAP EPS $2.50, non-GAAP EPS $2.89.
Q4 FY24 guidance: revenue $290-350M (down ~48% Q/Q midpoint), gross margin 49-51%.
One customer accounted for 89% of revenue; audio 61%, HPMS 39%.
Repurchased 780,517 shares for $56.9M; cash from ops $313.7M, cash balance $587M.
On track for next-gen audio (22nm smart codec, custom boosted amp) later CY24; secured first power socket on Intel Lunar Lake.

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 2024, which ended December 30, 2023 results: revenue $619.0 million, EPS $2.50. Guidance reaffirmed.

Period: third quarter fiscal year 2024, which ended December 30, 2023
Revenue: $619.0 million
EPS: $2.50
Guidance: reaffirmed
Result: reported results

Exact text from the filing

text of the press 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 Record Revenue of $619.0 Million for Fiscal Third Quarter AUSTIN, Texas – Feb 6, 2024 – Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that

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Source: SEC EDGAR

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