earnings
confidence high
sentiment positive
materiality 0.75
Cirrus Logic Q1 FY25 revenue $374M above guidance; EPS $0.76 GAAP, $1.12 non-GAAP
CIRRUS LOGIC, INC.
2025-Q1 EPS reported
$0.76
revenue$374,026,000
- Revenue $374M, up 18% YoY, driven by stronger-than-expected smartphone shipments; above top of guidance.
- GAAP EPS $0.76, non-GAAP EPS $1.12; GAAP gross margin 50.5%, non-GAAP 50.6%.
- Began ramping custom boosted amplifier and first 22nm smart codec for new smartphone launches this fall.
- Q2 FY25 revenue guidance $490M-$550M (midpoint $520M, ~8% YoY growth); gross margin 50-52%.
- Repurchased 361K shares for $41M at avg $113.48; cash balance $744.6M; one customer ~88% of revenue.