secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001157523-22-000121
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 reports record Q3 FY22 revenue of $548.3M; EPS $2.16 GAAP / $2.54 non-GAAP
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000115752322000121/0001157523-22-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000115752322000121/a52570992.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000121

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