secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000772406-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic Q4 FY24 revenue $371.8M, GAAP EPS $0.81; FY24 revenue $1.79B, non-GAAP EPS $6.59
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/crus-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000772406-24-000015

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