{"schema_version":"secwatch.filing_event.v1","accession":"0000772406-24-000015","form_type":"8-K","ticker":"CRUS","cik":"0000772406","company_name":"CIRRUS LOGIC, INC.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.943409+00:00","generated_at":"2026-06-02T21:17:49.995404+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cirrus Logic Q4 FY24 revenue $371.8M, GAAP EPS $0.81; FY24 revenue $1.79B, non-GAAP EPS $6.59","bullets":["Q4 FY24 revenue $371.8M (above guidance); GAAP gross margin 51.8%; non-GAAP EPS $1.24.","Full FY24 revenue $1.79B (-6% YoY); GAAP EPS $4.90; non-GAAP EPS $6.59 (+3% YoY).","Q1 FY25 guidance: revenue $290-350M; GAAP gross margin 49-51%; non-GAAP opex $118-124M.","Next-gen custom boosted amplifier and first 22nm smart codec on track for fall 2024 launches.","One customer contributed 86% of Q4 revenue and 87% of FY24 revenue; $186M share repurchases in FY24."],"urls":{"canonical":"https://secwatch.observer/filing/0000772406-24-000015","json":"https://secwatch.observer/filing/0000772406-24-000015.json","markdown":"https://secwatch.observer/filing/0000772406-24-000015.md","text":"https://secwatch.observer/filing/0000772406-24-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/crus-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:17:49.995404+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":"081ae88fb24113131e72a2190d6093e810de7abe","claim":"CIRRUS LOGIC, INC. reported Q4 FY24 results: revenue $371.8 million, EPS $0.81 GAAP and non-GAAP earnings per share of $1.24.","evidence_excerpt":"Reported Financial Results – Fourth Quarter FY24 • Revenue of $371.8 million; • GAAP and non-GAAP gross margin of 51.8 percent and 51.9 percent; • GAAP operating expenses of $140.2 million and non-GAAP operating expenses of $116.5 million; and • GAAP earnings per share of $0.81 and non-GAAP earnings per share of $1.24.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 FY24"},{"label":"Revenue","value":"$371.8 million"},{"label":"EPS","value":"$0.81 GAAP and non-GAAP earnings per share of $1.24"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"490ba4aae765a6b430c98de8a56bd012f18018ea","claim":"CIRRUS LOGIC, INC. reported full fiscal year 2024 results: revenue $1.79 billion, EPS $4.90 GAAP and non-GAAP earnings per share of $6.59.","evidence_excerpt":"Reported Financial Results – Full Fiscal Year 2024 • Revenue of $1.79 billion; • GAAP and non-GAAP gross margin of 51.2 percent and 51.3 percent; • GAAP operating expenses of $572.6 million and non-GAAP operating expenses of $470.4 million; and • GAAP earnings per share of $4.90 and non-GAAP earnings per share of $6.59.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full fiscal year 2024"},{"label":"Revenue","value":"$1.79 billion"},{"label":"EPS","value":"$4.90 GAAP and non-GAAP earnings per share of $6.59"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"668d6c39adaf2cd87236ccd18837116fd002709e","claim":"CIRRUS LOGIC, INC. reported Q1 FY25 results: revenue $290 million to $350 million.","evidence_excerpt":"Business Outlook – First Quarter FY25 • Revenue is expected to range between $290 million and $350 million; • GAAP gross margin is forecasted to be between 49 percent and 51 percent; and • Combined GAAP R&D and SG&A expenses are anticipated to range between $142 million and $148 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $118 million and $124 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 FY25"},{"label":"Revenue","value":"$290 million to $350 million"},{"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"}