earnings
confidence high
sentiment positive
materiality 0.85
Cirrus Logic Q4 FY22 revenue $490M, FY revenue $1.78B (+30% YoY); guides Q1 below consensus
CIRRUS LOGIC, INC.
2022-FY EPS reported
$5.52
revenue$1,781,460,000
- Q4 FY22 revenue $490.0M (+67% YoY); GAAP EPS $1.64, non-GAAP EPS $2.01.
- Full FY22 revenue $1.78B (+30% YoY); GAAP EPS $5.52, non-GAAP EPS $6.90.
- Q1 FY23 revenue guidance $350-$390M (midpoint -24% QoQ); gross margin 49%-51%.
- High-performance mixed-signal revenue grew 124% YoY, now 33% of total vs 19% in FY21.
- One customer contributed ~79% of FY22 and Q4 revenue; new CFO Venk Nathamuni and CHRO Denise Grodé appointed.