earnings
confidence high
sentiment positive
materiality 0.75
Cirrus Logic reports record Q3 FY22 revenue of $548.3M; EPS $2.16 GAAP / $2.54 non-GAAP
CIRRUS LOGIC, INC.
2022-Q3 EPS reported
$3.88
revenue$1,291,488,000
- Revenue $548.3M, up 18% sequentially and 13% YoY; above guidance range.
- GAAP gross margin 52.8%; non-GAAP gross margin 52.8%; guidance for Q4 gross margin 51%-53%.
- One customer contributed 82% of total revenue in the quarter.
- Q4 FY22 revenue guidance $400M-$440M (midpoint down 23% QoQ, up 43% YoY).
- Cash used for $255M wafer supply agreement with GlobalFoundries and $40M share repurchase.