secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000772406-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240624000010/0000772406-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240624000010/crus-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000772406-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer